Can Pepe Coin (PEPE), Ripple (XRP), and Dogecoin (DOGE) Go 10x This Bull Run as New Altcoin PlutoChain Surges

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/PlutoChain/ – The crypto market is heating up and altcoins like Pepe Coin (PEPE), Ripple (XRP), and Dogecoin (DOGE) is particularly popular at the moment.

PEPE is seeing more trading activity, XRP is trending with its new RLUSD stablecoin and expanding role in global finance, and Dogecoin is seeing growth following major protocol updates.

But one project, PlutoChain ($PLUTO), could particularly gain traction with its Layer-2 technology, which may bring smart contracts to Bitcoin and bring exciting new possibilities.

Let’s check out the deets.

Pepe Coin (PEPE) Is One of the Meme Leaders Looking to Spark Another Rally

Pepe Coin (PEPE) is one of the biggest names in the meme spaces and it’s starting to gain traction once again.

Currently, it’s trading at around $0.00001758, with a 24-hour trading volume of about $2.48 billion, showing a slight price increase.

PEPE has recently seen a price jump, hitting $0.000022, indicating an upward trend. The Relative Strength Index (RSI) is at 60, meaning it’s neither overbought nor oversold.

PEPE faces resistance at $0.00002010 and $0.00003400. If it breaks these levels, the price could rise significantly. Support levels are at $0.00001497 at the moment.

Ripple (XRP) With RLUSD Stablecoin and Global Finance Expansion Sparks Interest

Ripple’s recent launch of the RLUSD stablecoin has gotten a lot of attention and increased XRP’s price by 11.5%, bringing it to $2.14.

Currently, XRP trades around $2.15, with highs of $2.25 and lows of $2.13.

Technical analysis shows a descending triangle, suggesting that if XRP can break through the $2.25 resistance, it could see a strong breakout.

However, the Relative Strength Index (RSI) is dropping, which shows weaker buying pressure. Support levels are at $2.20 and $1.98, with the main resistance at $2.90.

Analyst Antonio Di Giacomo predicts that XRP could reach $3 by the end of 2024, driven by Ripple’s advancements in cross-border payments and the launch of the RLUSD stablecoin.

Dogecoin (DOGE) Growth Continues After Major Protocol Upgrades

Dogecoin (DOGE) has been growing recently, thanks to major protocol upgrades and increased community support.

Right now, DOGE is trading at $0.3132, showing a slight drop of about 1.3%.

The 50-day moving average is higher than the 200-day, suggesting a bullish trend.

However, the 14-day RSI is getting close to overbought levels, which could signal a short-term pullback.

DOGE has support around $0.30 and resistance at $0.35. If it breaks $0.35, it could keep rising.

Recent upgrades to Dogecoin’s protocol have improved its transaction speed and scalability.

Analyst Lebicahlz predicts a significant surge for Dogecoin, potentially reaching new all-time highs. They estimate a price of $20 by early 2025.

Dogecoin’s recent rise, backed by upgrades and community backing, sets it up for potential growth.

PlutoChain ($PLUTO) Is a New Layer-2 Solution That Could Bring Smart Contracts to Bitcoin and Upgrade the Network

PlutoChain ($PLUTO) may offer a new approach to tackling some of the persistent problems Bitcoin faces.

While Bitcoin remains the top dog in terms of security and market dominance, it’s far from perfect, especially with issues like high transaction fees, slow speeds, and congestion.

PlutoChain might just solve these by drastically reducing block times from Bitcoin’s standard 10 minutes to just 2 seconds on its own network.

This change could help developers create apps that run faster and more efficiently, without sacrificing Bitcoin’s trusted security.

The project also looks to boost interoperability, as it’s compatible with the Ethereum Virtual Machine (EVM). This could allow developers to easily port projects from Ethereum over to Bitcoin.

PlutoChain claims to handle over 43,200 transactions per day, which could ease congestion during high-traffic times.

At the heart of the project is decentralization. PlutoChain values community governance, giving early users the chance to vote on updates and new features. The platform encourages open discussions, mainly through its Discord channel.

To ensure credibility, PlutoChain has completed three independent audits by SolidProof, QuillAudits, and Assure DeFi, reassuring users and developers that it’s a secure and trustworthy option in the crypto space.

Final Thoughts

With the crypto community buzzing over PEPE, XRP, and DOGE, analysts are keeping a close eye on these altcoins.

But PlutoChain ($PLUTO) is another project that could gain a lot of attention in the following weeks as well.

Its Layer-2 solution may bring smart contracts to Bitcoin, unlocking new potential and taking Bitcoin to the next level.

As it prepares for the mainnet launch, it could be worth keeping an eye on its advancements.

Please remember that this article is purely informational and not financial advice. Any and all cryptocurrencies are volatile, with prices prone to rapid changes. Always do your own research and consult an expert before joining any crypto venture. We are not liable for any outcomes based on the information in this article. Statements about the future entail risks and may not reflect updates.

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