January 4th, 2025 at 7:11 pm UTC · 5 mins read
/PlutoChain/ – Hedera (HBAR) has made big moves over the past few months.
It launched the Valour Hedera ETP on the Frankfurt Stock Exchange, forged partnerships with Chainlink to strengthen DeFi infrastructure, and collaborated with SEALSQ to enhance blockchain security.
The Hedera Governing Council also approved a $408 million allocation to boost ecosystem growth.
Despite these achievements, HBAR remains under $1 and many are wondering whether it can fulfill its potential.
At the same time, PlutoChain ($PLUTO) has started gaining traction with its innovative hybrid Layer-2 solution that could significantly expand Bitcoin’s overall utility. Over 2 million PlutoChain tokens have already been sold during its presale.
Let’s look at what’s going on with Hedera first.
In recent months, Hedera has advanced its ecosystem with some interesting developments.
In June 2024, Valour Inc. launched its Valour Hedera ETP on the Frankfurt Stock Exchange.
Hedera partnered with Chainlink to enhance DeFi infrastructure and with SEALSQ to develop quantum-resistant blockchain technology.
In January, the Hedera Governing Council allocated 4.86 billion HBAR (worth $408 million) to ecosystem growth to fund initiatives like the HBAR Foundation and the Hashgraph Association.
Additionally, Hedera introduced the Asset Tokenization Studio to simplify the issuance of tokenized bonds and equities and boost financial market accessibility.
Hedera (HBAR) is trading at approximately $0.28, reflecting a slight decline over the past 24 hours.
The immediate support is around $0.25, which has previously acted as a price floor, and potentially prevented further declines.
On the upside, the nearest resistance is at $0.35, a level that has historically impeded upward movement.
The RSI currently stands at around 60, meaning Hedera is in a bullish but not yet overbought zone.
According to Changelly, HBAR’s price could see steady growth, reach a maximum of $0.0601 by the end of 2024 and then climb to $0.0970 in 2025.
Meanwhile, CryptoNews anticipates that HBAR could achieve a price of $0.48 by 2025, supported by increased adoption and the network’s unique technical advantages.
Binance takes a more conservative approach and suggests that HBAR could gradually rise to $0.2758 by 2025 and $0.3519 by 2030.
On the other hand, TheNewsCrypto is more optimistic. They say HBAR might hit $0.6 by 2025 and potentially reach $1.1 by 2030 if market conditions remain favorable and the network continues to develop robustly.
BeInCrypto offers an ambitious prediction and says HBAR could skyrocket to $20.71 by 2030. This forecast hinges on the assumption of extensive network growth, increased adoption, and Bitcoin’s broader market influence.
Bitcoin users have been struggling with challenges like network congestion, slow transaction speeds, and high fees.
PlutoChain ($PLUTO) could offer a game-changing solution through its hybrid Layer-2 network.
The plan is to build a parallel system on top of Bitcoin’s blockchain and then ease traffic on the mainnet, which would result in lower fees and better scalability.
Bitcoin’s 10-minute block time has often been a bottleneck that’s left it behind newer blockchains like Ethereum, Solana, and Cardano.
PlutoChain could slash block times to just 2 seconds through its Layer-2 chain, while enabling efficient smart contract functionality – all without potentially compromising Bitcoin’s trusted security.
This shift could transform Bitcoin from a simple store of value into a dynamic platform for innovation.
With EVM compatibility, PlutoChain could make it easy for developers to bring Ethereum-based projects to Bitcoin.
This feature could create opportunities for new applications in DeFi, NFTs, and AI-driven technologies, which would broaden Bitcoin’s ecosystem.
Impressively, the PlutoChain testnet has already processed 43,000 transactions daily, which shows it could handle large-scale, real-world demands.
Security is a top priority for PlutoChain. The project has passed rigorous audits by SolidProof, QuillAudits, and Assure DeFi, to assure users its smart contracts and infrastructure are robust and reliable.
Beyond external audits, PlutoChain conducts regular code reviews, and stress tests, and adheres to global regulatory standards to stay ahead of threats.
PlutoChain also values community governance, so it encourages users to vote on proposals, upgrades, and partnerships. Proposals are submitted via the official Discord channel.
Hedera’s ecosystem continues to expand with innovative solutions and significant partnerships. Although its price remains under $1, there’s optimism for HBAR’s future.
On the other hand, PlutoChain could emerge as a potential game-changer for Bitcoin.
It could tackle long-standing issues like high fees, network congestion, and scalability. Its ability to integrate Ethereum-based projects and support advanced applications in DeFi and AI might broaden Bitcoin’s ecosystem.
Whether Hedera reaches $10 or PlutoChain redefines Bitcoin’s capabilities, these projects might be worth watching as they continue to gain traction in the following weeks.
This article is purely informational and should not be interpreted as financial advice. Readers are encouraged to carry out their own due diligence. Predictions involve risk and may not undergo updates.
Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.