Plasma crypto is seemingly on life support right now, as the XPL price has slipped by -50% from its all-time high of $1.7 on September 28. XPL is currently up +1% over the past 24 hours but is still struggling to regain $0.90, and is hovering around $0.89.
The issue for XPL bulls is that the longer it spends under $1, the stronger the psychological resistance level becomes, which could become increasingly difficult to breach as time passes.
However, XPL has integrated Chainlink data streams and joined its Chainlink Scale program, with leading DeFi protocol Aave also going live on Plasma. The hope is that these partnerships, with two of the most prominent players in Web3, can offset the bearish price action and daily accusations of insider selling that the Plasma team is facing.
Chainlink and Aave to the Rescue? Can Industry Juggernauts Help to Stop the Plasma Crypto Price Crashing Below $0.8?
Plasma (@plasma), a high-performance layer-1 blockchain purpose-built for stablecoins, with over $5.5B in stablecoin supply just one week after launch, is joining Chainlink Scale to enable Plasma developers to build next-gen stablecoin applications.https://t.co/dWua8gpnA6
With… pic.twitter.com/qNiz5nNf4k
— Chainlink (@chainlink) October 3, 2025
Chainlink, the industry-standard oracle and data stream platform, announced on Friday (October 3) that Plasma has joined the Chainlink SCALE program.
SCALE enables blockchains and L2 networks to accelerate smart contract innovation within their native ecosystems by covering operating costs.
Plasma has also adopted Chainlink as its official oracle provider, utilizing Chainlink’s data and interoperability standards to enable access to verifiable, low-latency market data and highly secure cross-chain connectivity.
Chainlink Data Streams, Data Feeds, and the Cross-chain Interoperability Protocol (CCIP) are now live on Plasma, enabling developers to build advanced stablecoin use cases and support a robust, data-rich on-chain payments ecosystem.
The world’s largest and most trusted DeFi protocol, Aave, is also live on Plasma at launch, leveraging Chainlink CCIP and Data Feeds, highlighting how leading DeFi protocols are rapidly integrating Plasma regardless of poor XPL price action.
Aave has a $5Bn+ Plasma market, with Tether’s cross-chain USDT0 stablecoin making up $4.6Bn of the total supplied and borrowed assets on Aave’s Plasma market.
Does a Bullish 1-Day Candle Point Toward an Incoming Reversal for XPL Price?
The XPL price experienced its first positive daily close in eight days, after closing the previous seven in the red as it plummeted from $ 1.60 to below $0.85, losing more than 50% of its value in just a week.
It is currently trading for $0.89, with $ 0.90 being the first psychological barrier that Plasma crypto needs to flip to begin its larger task of reclaiming $1.
$0.836 is a strong support level for XPL. If it can close above it today, it points toward a potential bullish reversal for the token, with any confirmation invalidated if $0.836 is lost.
Between $0.84 and $0.89 should be treated as a heavy accumulation phase for Plasma crypto, while $0.9 to $1 could bring fresh volatility as XPL battles for its mid-term price direction. Any daily close above $1 should see a run back toward $ 1.60 and new highs, which would place XPL firmly in price discovery as we head deeper into ‘Uptober’.
However, one indication that the Plasma crypto platform is struggling to gain a foothold among its competitors is a lack of growth in its TVL (total value locked). Currently ranked number seven by TVL, Plasma is the only blockchain in the top eight with a negative 1-day TVL change, down by -3.99%.
This could be due to Plasma being a relatively new blockchain and still finding its footing among established chains like Ethereum, Solana, and Base, or it could point to deeper issues of a lack of trust in Plasma, with users not feeling comfortable using the Tether-backed chain for their DeFi activities.
BONUS: Pepenode (PEPENODE) Hits $1.7M in ICO Funding – Best Presale Play for Q4?
While Plasma crypto is struggling, Pepenode (PEPENODE) is quickly becoming the must-have memecoin play for Q4, with its Pepe-themed branding and innovative ways for investors to compound their gains.
The PEPENODE presale employs a price-stage method, where the price per token increases in intervals, allowing investors to lock in gains each time the next price stage is reached. Additionally, the Pepenode team has incorporated a staking mechanism into the ICO, offering an APY of over 760% for those seeking to earn a passive income on their investment.
Leaving the best until last, Pepenode enables users to create a virtual mining rig, complete with virtual nodes and facilities that generate rewards instantly through a simplified dashboard. This feature allows presale investors to compound their investment and earn additional revenue by utilizing a GameFi approach to mining.
The PEPENODE token is currently worth $0.0010874 at this stage of the presale, with just 7 hours remaining until the timer expires and the price increases again.
EXPLORE: Best Meme Coin ICOs to Invest in 2026
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