XPL needs to increase tenfold to reach the high of $1.69, sounds crazy but maybe not that far-fetched.

The fundamentals are improving now. TVL remains stable at around $3.45 billion, and on-chain stablecoins have accumulated to $2.1 billion—this indicates real funds are flowing into the ecosystem. Plasma One user growth is hot, and this is not just a vanity metric but a real indicator of activity.

The key point is in the first quarter. If the staking feature truly goes live, combined with the window before the large unlock in July, capital is very likely to have a thematic hype. From the timing perspective, this is not a fantasy—the market's temperament is like this, and technological milestones paired with capital flow often create possibilities.

So rather than asking if it can tenfold, it’s better to observe the progress over the next two months. If the staking feature is successfully implemented and user growth continues, the narrative at that time will be very strong. Conversely, the same applies. Anyway, let’s wait and see; data and progress will speak.