Ripple Price Prediction: XRP’s DEX Records $17M Daily Volume; Is a ATH Rally Imminent?
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/PlutoChain/ – Ripple’s XRP Ledger decentralized exchange (DEX) has recently achieved a significant milestone, processing over $1 billion in cryptocurrency swaps since its 2024 launch. In January alone, the DEX handled $400 million, averaging $17 million daily.
Meanwhile, PlutoChain ($PLUTO) could introduce the first hybrid Layer-2 blockchain that adds smart contracts to Bitcoin. Its Ethereum Virtual Machine compatibility might allow developers to seamlessly migrate Ethereum-based applications to Bitcoin, potentially bridging two major blockchain networks.
This innovation could pave the way for DeFi, NFTs, AI and gaming applications to thrive on Bitcoin’s secure blockchain.
Could This Recent DEX Activity Push XRP to New Heights?
XRP’s decentralized exchange (DEX) is gaining traction, with daily swap volumes hitting $17 million and a staggering $400 million in transactions for January 2025.
This surge reflects growing confidence in XRP’s trading ecosystem, driven by Ripple’s US dollar-pegged stablecoin (RLUSD) and speculation around an XRP ETF.
With JPMorgan predicting XRP ETFs could attract over $8 billion in inflows, institutional interest may boost further price momentum.
Ripple CEO Brad Garlinghouse sees 2025 as a pivotal year for XRP, crediting Donald Trump’s pro-crypto stance for renewed market optimism. Since Trump’s election win, XRP has surged over 500%, demonstrating how political shifts can impact crypto adoption.
Analysts from Coinpedia think that a price of $3,99 is on the table in 2025 which would mean a new ATH. Experts at Cryptopolitan see a potential doubling of the price to $5 as a possibility in 2025.
Despite being 35,5% below its all-time high, XRP’s rapid growth suggests a potential breakout. If demand for its DEX and stablecoin continues, alongside increased ETF interest, XRP could be positioned for new heights.
With favorable market conditions and increasing liquidity, the current momentum might be the catalyst XRP needs to reclaim its former highs and establish a stronger foothold in the crypto market.
Could PlutoChain Be the Missing Link for Bitcoin-Based Decentralized Innovation?
Bitcoin’s untapped potential could finally be unlocked, and PlutoChain ($PLUTO) might be the catalyst.
With its hybrid Layer-2 technology, PlutoChain could enhance Bitcoin’s infrastructure, potentially transforming it from a digital gold standard into a dynamic hub for decentralized applications (dApps) and more.
PlutoChain might open the door for DeFi, NFTs, AI, and metaverse applications to flourish within Bitcoin’s secure ecosystem. Instead of Bitcoin’s standard 10 minute block time, PlutoChain offers a 2 second block time on its own L2 chain.
The project aims to bring Ethereum-level functionality to Bitcoin, potentially bridging two of the most influential blockchains.
Developers might be able to seamlessly migrate Ethereum-based apps to Bitcoin thanks to PlutoChain’s Ethereum Virtual Machine (EVM) compatibility, merging Ethereum’s flexibility with Bitcoin’s unmatched security. This innovation could create a unique DeFi ecosystem on Bitcoin, capitalizing on its dominance.
PlutoChain also wants to empower its community with a unique governance system, allowing users to shape its evolution actively. Reliability isn’t compromised, with multiple audits guaranteeing robust security – SolidProof, QuillAudits, and Assure DeFi.
Early data, like 43,200 daily transactions on its testnet, shows PlutoChain’s scalability is more than theoretical – it’s proven.
Furthermore, Bitcoin’s underdeveloped DeFi market holds immense potential, with only 0.13% of Bitcoin’s market cap currently locked in DeFi, compared to Ethereum’s 10%. PlutoChain’s features could alter this landscape.
As Bitcoin inches towards monumental milestones, PlutoChain might amplify its utility and ensure Bitcoin isn’t just valuable but versatile.
Final Words
XRP’s DEX milestone signals growing adoption, with increasing liquidity and institutional interest potentially fueling a breakout. If ETF speculation and stablecoin demand hold strong, XRP could edge closer to record highs.
While XRP strives for new heights, PlutoChain could redefine Bitcoin’s role in DeFi. By merging Ethereum’s flexibility with Bitcoin’s security, it might unlock an untapped market.
Its rapid transactions, EVM compatibility, and community governance could attract developers and users alike.
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