The cryptocurrency asset Plasma (XPL) has experienced substantial price drops, shedding over 50% since October 10th. Currently trading around $0.23 per token, the fall raises questions about its future trajectory and sparks discussions regarding potential rebound scenarios. Despite recent losses, some analysts believe that Plasma’s value could potentially double in the coming weeks, bringing it back to levels seen before October’s peak. Market volatility is currently impacting Plasma’s price and trading volume, which has declined considerably. 12.57% drop in market cap suggests consolidation might be underway, although a decline in circulating supply and volume signals unpredictability. Experts point out the potential for a price surge based on factors such as DeFi growth and increased institutional interest. 2X scenarios are being discussed but many factors contribute to market volatility. This raises questions about how investors will approach this asset.