2025-1-22 18:12 |
Despite market fluctuations, Ethereum is resilient, with more and more utility in DeFi, NFTs, and dApps. But how realistic is it for ETH to reach $10,000 this year?
At the same time, PlutoChain ($PLUTO) is a new project with the potential to address Bitcoin’s scalability issues with its hybrid Layer-2 solution.
Let’s see what’s going on.
Will Ethereum Reach $10,000 Amid Market Momentum and Growing Utility?As of January 18, 2025, Ethereum is trading at around $3,252.04.
Its market cap is sitting at just under $390 billion, with over $32 billion worth of ETH changing hands in the last 24 hours. There are currently 120.5 million ETH in circulation.
Over the past day, its price ranged between $3,238 and $3,517. In the past 24 hours, it saw a solid 5.3% boost.
Zooming out, ETH is up 0.1% over the past week, 11.9% over the last month, and an impressive 27.7% compared to this time last year.
Ethereum’s key resistance is around $3,650, while its key support is near $3,250, marking crucial levels for price movement.
Key resistance is around $3,650, while its key support is near $3,250.
The RSI is currently at 43, which means ETH is in the neutral zone.
In March 2024, Ethereum rolled out the “Dencun” upgrade, a major improvement meant to cut transaction fees on Layer 2 networks and boost scalability.
In July 2024, the SEC approved spot Ethereum ETFs from giants like BlackRock and Fidelity. This marked a huge milestone, brought Ethereum into traditional financial markets, and made it more accessible to investors.
Later in November, the Ethereum community gathered in Bangkok for Devcon SEA, a major event highlighting the network’s next steps. Discussions focused on the upcoming Pectra upgrade, Layer 2 interoperability, and scaling solutions.
The roadmap ahead shows Ethereum focusing on scalability and security without losing its decentralized edge. Upgrades like proto-danksharding and rollup-based solutions are supposed to make the network faster and more affordable.
InvestingHaven predicts that Ethereum could climb to the $10,000–$12,000 range by 2030.
Crypto analyst on X, Virtual Bacon, predicts Ethereum could reach $14,000 by year-end, thanks to increased Fed liquidity, pro-crypto policies, ETF inflows, and a strong altcoin season, with ETH expected to outperform Bitcoin in the bull market.
VeLLa Crypto highlights bearish sentiment around Ethereum but sees a potential rebound, targeting $3,800–$4,000, while calling this a critical “do or die” level for ETH.
PlutoChain ($PLUTO) Might Revolutionize Bitcoin with Unmatched Speed, EVM Compatibility, and Community-Driven InnovationPlutoChain ($PLUTO) could offer a fresh solution to Bitcoin’s biggest challenges and change how users interact with the world’s leading cryptocurrency.
Bitcoin often faces criticism for slow transactions, high fees, and network congestion, which leave it trailing behind newer, more efficient blockchains. PlutoChain introduces a hybrid Layer-2 solution that could solve these pain points.
With two-second block times, PlutoChain could bring speed and efficiency to Bitcoin. Its Layer-2 network could work alongside Bitcoin’s blockchain and improve performance without compromising security.
PlutoChain also integrates smart contract functionality and could make way for DeFi, NFTs, and AI-driven projects.
The network’s EVM compatibility could make it easier for developers to transition to Ethereum-based applications without major adjustments.
During testing, PlutoChain handled 43,200 daily transactions without any delays, which proves its scalability for real-world use cases. On-chain data reveals that whale investors can see the potential too.
The platform prioritizes security – it has passed audits by SolidProof, QuillAudits, and Assure DeFi. Regular stress tests and code reviews, along with adherence to regulatory standards, help maintain trust and reliability.
Through decentralized governance, the community has a say in decisions like proposals, upgrades, and partnerships.
The Bottom LineIt’s still uncertain whether ETH can hit $10,000 this year, but its recent upgrades and increasing adoption keep it on the radar.
Meanwhile, PlutoChain ($PLUTO) could provide a new solution for blockchain scalability and utility.
By combining speed, scalability, and a user-first approach to potentially address Bitcoin’s challenges with innovative Layer-2 technology, PlutoChain could be interesting to keep an eye on.
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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.
This article is sponsored content. All information is provided by the sponsor and Brave New Coin (BNC) does not endorse or assume responsibility for the content presented, which is not part of BNC’s editorial. Investing in crypto assets involves significant risk, including the potential loss of principal, and readers are strongly encouraged to conduct their own due diligence before engaging with any company or product mentioned. Brave New Coin disclaims any liability for any damages or losses arising from reliance on the content provided in this article.
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