/PlutoChain/ – XRP is still recovering from the painful drop of 2018, caused by its legal battle with the SEC. Fortunately for XRP’s long-term holders, the token’s price grew by 74.99% last week. Now trading at $1.39, XRP could reach $5 in 2025 given its bullish technical indicators.
Meanwhile, new projects like PlutoChain (PLUTO) could be worth taking a look at because of their strong utility.
Let’s unpack what the future holds for these projects.
Just a month ago, the prediction of XRP reaching $1 seemed like a stretch. But the post-election rally benefited most tokens, XRP included, driving its 24-hour trading volume from $1 billion to nearly $17 billion.
After consolidating at $1.08-$1.18 last week, XRP resumed its upward trajectory and is now testing key support and resistance levels.
Fibonacci retracement indicators suggest XRP could face resistance at $1.4062. If it fails to break above this point, it may find support between $1.3824 and $1.3595.
A break through the $1.4062 zone could increase buying pressure and bring XRP to the next resistance point of $1.4195. In the most optimistic scenario, XRP could hit $1.4337 next week and revisit its May 2021 price.
To bulls’ dismay, high RSI and Stochastic oscillators indicate XRP is overbought and might be due for a correction. Meanwhile, the ADX of 65.9 contradicts oscillators, signaling a strong uptrend.
News about the SEC Chair Gary Gensler stepping down on January 20 also supports XRP’s potential breakthrough. Gensler and Ripple have a long history of mutual dislike, so Garlinghouse hopes for the new leadership to be more lenient and forward-thinking.
Positive regulatory changes are likely to strengthen XRP’s price action and may drive it to $5 by Q4 2025.
As XRP faces extreme volatility, PlutoChain is getting early traction due to its sustainable fundamentals.
New altcoins are introduced every day. The problem is that most emerging projects lack utility, which limits their long-term potential.
PlutoChain is different – it’s the first hybrid Layer-2 solution for Bitcoin. Smart contract programmability allows PlutoChain to introduce endless applications on the network.
Besides, developers can migrate Ethereum-based dApps to Bitcoin thanks to PlutoChain’s compatibility with the Ethereum Virtual Machine (EVM).
This way, PlutoChain reduces reliance on networks like Ethereum to build a scalable Bitcoin ecosystem with low transaction costs and fast execution times.
It would be right to argue that PlutoChain isn’t the only EVM-compatible Bitcoin solution. Currently valued at $31.2 million, this project could capture similar developer interest such as well-stablished CORE project – reflecting its position as a developing initiative.
Another appealing aspect of PlutoChain is its community-driven nature. PLUTO holders have a say in core decisions shaping the project’s future, which ensures its direction always aligns with the vision of its users.
Early adopters have a chance to secure PLUTO at $0.105 before the next price uptick, scheduled in 2 days.
The Bitcoin dApp sector is still critically underdeveloped, confining BTC’s function to merely a store of value. Hardly any projects exist within the BTCFi (Bitcoin DeFi) ecosystem, with a Total Value Locked (TVL) of under 1$ from BTC’s multi trillion-dollar economy.
To put that into perspective, DeFi apps on Ethereum account for roughly 10% of ETH’s TVL. This means there’s a prime opportunity for BTCFi to grow and capture a significant share of the market.
PlutoChain’s cross-platform utility could change how we interact with BTC forever, allowing developers to build solutions that address real-world problems and drive the adoption of blockchain technology.
Utility and innovation are becoming increasingly important as crypto adoption grows. While XRP tries to rebound to its all-time high of $3.84, PlutoChain aims to lead the evolution of the Bitcoin ecosystem.
With its Layer-2 solution enabling smart contracts on Bitcoin, this project offers a unique innovation that could be worth paying attention to.
Check out the links to learn more about PlutoChain’s vision and features: Official Website, X/Twitter Page, Telegram Channel.
This article is not financial advice. Past results are not indicative of future returns, and the crypto market is inherently unpredictable. Readers must conduct their own thorough research before purchasing any crypto coin or token. These forward-looking statements are subject to risks and may remain unchanged.
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