XPL will open at 9 PM tonight, and investors need to carefully assess its potential value. If XPL is viewed as a stablecoin project, assuming its price is 1 dollar, the market capitalization would reach 1.5 billion dollars, while the fully diluted valuation could be as high as 10 billion dollars. In comparison, ENA has a market capitalization of 4.2 billion dollars and a fully diluted valuation of 9.1 billion dollars. From a market capitalization perspective, XPL's pricing is not overly high, but from the fully diluted valuation, it does appear expensive.

If we compare XPL with payment blockchain projects, such as APT, the latter has a market capitalization of 3 billion dollars and a fully diluted valuation of 5 billion dollars. In this case, a price of 1 dollar cannot be considered cheap, considering that the valuation of xlayer is only 4 billion dollars.

Comprehensive analysis indicates that market sentiment may drive the XPL price to slightly above 1 dollar, but exceeding this price level requires extra caution. If the price falls back to around 0.5 dollars, there may be good opportunities for large investments.

However, investors should be aware that the cryptocurrency market is highly volatile and price predictions are uncertain. When making investment decisions, it is essential to conduct thorough research and develop an appropriate investment strategy based on individual risk tolerance. Additionally, closely monitoring the project's technological developments, partnerships, and overall market trends is also crucial.