Missed Early Success With Solana (SOL), Ripple (XRP), And Toncoin (TON)? PlutoChain (PLUTO) Offers a Fresh Start With Revolutionary Layer 2

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/PlutoChain/ – Solana (SOL) is currently trading around $195, after a weekly decline of 18% that followed the overall market drop.

Ripple’s launch of RLUSD, a dollar-pegged stablecoin, has been one big recent network update that could spark a major surge after New Year’s.

Toncoin (TON), backed by Telegram, is also gaining traction with decentralized communication and payments.

There’s also a new project PlutoChain ($PLUTO) which could offer an advanced Layer-2 solution that may redefine Bitcoin’s entire network.

Let’s dive in and see what’s going on.

PlutoChain ($PLUTO) Is a Layer-2 Solution That Has a Robust Approach to Try and Unlock New Upgrades for Bitcoin

PlutoChain ($PLUTO) could provide a new approach to solving some of Bitcoin’s ongoing challenges. While Bitcoin is strong in security and value, it struggles with high fees, slow speeds, and congestion.

This project could fix this by cutting Bitcoin’s usual 10-minute block times down to just 2 seconds on its network. This could help developers create faster, more efficient apps while keeping Bitcoin’s security intact.

PlutoChain might also boost compatibility by supporting the Ethereum Virtual Machine (EVM), which could make it easier for developers to bring Ethereum projects to Bitcoin.

The network can handle over 43,000 transactions daily, which may help ease congestion during busy times.

At its core, PlutoChain is all about decentralization. It gives the community governance in updates and features, with discussions happening mainly on the platform’s Discord.

For extra peace of mind, PlutoChain has passed three independent audits by SolidProof, QuillAudits, and Assure DeFi, proving it’s a secure option for users and developers.

Solana (SOL) Could Start to Consolidate After 18% Weekly Drop with New Network Upgrades

2024, Solana (SOL) is trading at $197.20, showing a slight increase from the previous close.

Solana has gone through some major volatility, testing its Fibonacci levels for support and resistance.  The Relative Strength Index (RSI) stands at 42.62 right now.

The Moving Average Convergence Divergence (MACD) is at -9.42, suggesting a bearish trend.

The 10-day exponential moving average is $200.38, while the 20-day is $209.58, both above the current price, indicating potential resistance levels.

At the same time, analysts are optimistic about a complete bullish reversal. Crypto analyst Thestevemontano discussed how patience will be rewarded, highlighting a jump toward $588.

Ripple’s RLUSD Launch Is a Big Move in the Battle for Payment Processing Dominance

XRP is trading at $2.27 as per CoinGecko, with a slight decrease of 2.16% from the previous close.

The Relative Strength Index (RSI) stands at 42.62, while the Moving Average Convergence Divergence (MACD) is at -9.42.

The 10-day exponential moving average is $2.30, while the 20-day is $2.27, both above the current price.

Levi Rietveld, known as Crypto Crusaders on X, has expressed a bullish outlook on XRP, suggesting that the token could reach $10 in the near future.

Toncoin (TON) Is Gaining Traction with Decentralized Communication and Payments

Toncoin (TON) is getting attention thanks to its connection with Telegram, bringing decentralized communication and payments into the spotlight.

Right now, Toncoin trades at $5.95, up by 1.06% in the last 24 hours.

Toncoin is currently testing a support level at $4.80, which has held for several months. If it drops below this, the price could fall to around $3.76.

But if it stays above $4.80, Toncoin could keep going up. The next challenge is breaking past the $7.70 resistance level. If it can push through that, the price might rise further, up to around $8.25.

CoinCodex forecasts a 227% rise to $18.78 by January 2025.

The Bottom Line

As major players like Cardano (ADA), Ripple (XRP), and Pepecoin (PEPE) capture attention, we might see these projects surge to new heights in 2025.

But, PlutoChain could be the project that gains the most traction in the upcoming weeks.

With its Layer-2 foundation and ability to bring smart contracts to Bitcoin, PlutoChain might activate robust new functionalities on its network.

As it gears up for its potential mainnet launch, it may be the one to keep an eye on in the coming months.

This article is not financial advice. Cryptocurrencies and meme coins are volatile and risky. Do your own research before buying any cryptocurrencies and meme coins. All forward-looking statements include uncertainties and may not be revisited.

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