2024-12-26 16:42 |
Ripple (XRP) just released a new upgrade for cross-border transactions, which may lead to another price surge by the end of the year.
Cardano (ADA) is also getting more attention and it’s primarily coming from increased whale activity that may hint at a new breakout.
Dogecoin (DOGE) is still reaping benefits from Elon Musk’s new administrative position and this could last until January 2025.
Meanwhile, PlutoChain ($PLUTO) could gain momentum with its cutting-edge Layer-2 solution that may bring faster and more efficient performance for Bitcoin’s network.
Let’s check out all the details.
PlutoChain ($PLUTO) Could be the Long-Awaited Layer-2 Project That Activates Bitcoin’s Full Potential and Expand Its Role in DeFiPlutoChain ($PLUTO) is releasing a Layer-2 solution that could boost Bitcoin’s blockchain by enabling smart contracts and decentralized apps (dApps) on its network.
Bitcoin’s 10-minute block time has limited its ability to support advanced features, giving faster blockchains like Ethereum, Solana, and Cardano an edge.
PlutoChain might change this by offering a framework that can process transactions in just 2 seconds.
This could help developers create dApps on Bitcoin’s secure network, potentially opening up new possibilities and strengthening Bitcoin’s place in the blockchain space.
Its testnet has already processed over 43,000 transactions a day, proving it’s scalable and ready for real-world use.
One key feature is its focus on community governance. This allows users to vote on updates and shape the network’s future, keeping it decentralized and aligned with user needs.
PlutoChain has also built trust by passing audits from top firms like SolidProof, QuillAudits, and Assure DeFi, showing it’s secure and reliable.
What could make PlutoChain even more exciting is its compatibility with the Ethereum Virtual Machine (EVM), which connects Ethereum’s flexibility with Bitcoin’s security.
This could make it easier for Ethereum-based projects to run on Bitcoin, potentially opening doors for new opportunities in decentralized finance (DeFi), NFTs, and even AI.
Ripple (XRP) – RLUSD Stablecoin and Global Finance Efforts Could Pave the Way for New SurgesRipple’s launch of the RLUSD stablecoin has pushed XRP’s price up by 11.5% to $2.14. Currently, XRP trades around $2.31, with highs of $2.33 and lows of $2.14.
Technical analysis points to a descending triangle pattern, suggesting that if XRP can break through the $2.25 resistance, it might see a bigger jump.
However, the Relative Strength Index (RSI) is dropping, showing that buying pressure is weakening. Support levels sit at $2.20 and $1.98, with major resistance at $2.90.
Analysts have different opinions on XRP’s future. Arthur Azizov thinks XRP could hit $5 to $7 in the first half of 2025, thanks to Ripple’s progress and post-election momentum.
The RLUSD launch also boosted Ripple’s global presence. On December 22, 2024, Independent Reserve Singapore became the first licensed exchange in Singapore to offer RLUSD trading, marking a milestone for Ripple in the Asia-Pacific region.
Cardano (ADA) – Research-Focused Blockchain Delivering a 1,622% Return in Nine MonthsCardano (ADA) has experienced a notable surge, achieving a 1,622% return over the past nine months.
Currently trading at $0.936 as per CoinGecko, ADA has encountered resistance around $1.30 and is approaching key support at $0.873.
Technical analysis indicates a downward trend, with the Relative Strength Index (RSI) at 36.22, suggesting bearish momentum.
The 200-period Exponential Moving Average (EMA) on the 4-hour chart, near $1.0755, offers resistance.
Analyst Andrew Griffithi also shares a positive outlook for Cardano (ADA), suggesting the token is poised for an upside reversal.
Dogecoin (DOGE) – Community Rallies Behind New Support Levels After Elon Musk AppointmentDogecoin (DOGE) is currently trading at $0.3336, which marks a 6.86% increase from the previous close.
The 50-day moving average is above the 200-day, signaling a bullish trend for DOGE. However, the 14-day Relative Strength Index (RSI) is nearing overbought levels, which could indicate a short-term pullback ahead.
Support levels are around $0.30, while resistance sits at $0.35. If DOGE manages to break through the $0.35 barrier, it may continue its upward trajectory.
Analyst Javon Marks has a strong outlook for Dogecoin, predicting a potential rally above $3, with the possibility of reaching as high as $15.
With improvements in the protocol and growing community support, Dogecoin may position itself for potential gains.
Final ThoughtsAs Christmas is approaching, the crypto market heats up, with Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE) making their moves.
But PlutoChain ($PLUTO) could be the biggest surprise this year.
With its strong Layer-2 foundation, it could be the one to capture the spotlight this holiday season if it keeps up its momentum.
Disclaimer: It’s important to note that participating in presales carries risks, including market volatility and potential project delays. Please conduct thorough research, understand the risks of market volatility, and seek professional advice before engaging with any blockchain project. Future-oriented statements are speculative and may not be modified.
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
origin »Cardano (ADA) на Currencies.ru
|
