Ripple may reach $15, Solana $300, while this altcoin is aims to change Bitcoin’s ecosystem

Ripple leads cross-border payments, Solana excels in fast, low-cost transactions, while PlutoChain tackles Bitcoin’s scalability.

Ripple (XRP) is holding strong as a leader in cross-border payments and plays a big role in global finance. Solana (SOL) stands out with its super-fast transactions and low fees, making it a favorite for apps and meme coins.

Meanwhile, PlutoChain (PLUTO) could gain attention as a hybrid Layer-2 solution aimed at expanding Bitcoin’s capabilities. By enabling instant transactions, lowering fees, and ensuring smooth Ethereum compatibility, PLUTO may help address Bitcoin‘s scalability issues.

Let’s check out the details below.

PlutoChain: The new hybrid L2 project that could bring smart contracts, and DeFi to Bitcoin

PlutoChain may have the potential to change Bitcoin’s ecosystem as a Layer-2 protocol that could enhance functionality while maintaining Bitcoin’s renowned security.

It’s built on parallel network architecture and might address Bitcoin’s traditional challenges, such as its 10-minute block time.

With its Layer-2 design, PlutoChain offers block times of just two seconds, potentially increasing transaction efficiency.

Early testnet results suggest scalability, with the ability to handle up to 43,200 transactions daily with minimal delay.

The protocol’s EVM compatibility might pave the way for deploying Ethereum-style smart contracts on Bitcoin, potentially creating opportunities for advanced DeFi applications, NFT marketplaces, and AI-powered tools — all underpinned by Bitcoin’s robust security.

PlutoChain’s commitment to security is evident through rigorous audits by SolidProof, QuillAudits, and Assure DeFi. Ongoing assessments and stress testing are also in place.

The project invites its community to play an active role in governance via Discord, where members can propose and vote on essential upgrades. 

With this collaborative approach, PlutoChain could become the next big project for Bitcoin enthusiasts and developers.

Ripple legal victory, global expansion could bring new momentum in the coming weeks

XRP is currently trading at $3.17, marking a 3% gain in the past 24 hours. The RSI is currently in neutral territory. 

The SEC’s ongoing appeal focuses on whether XRP qualifies as a security. 

Judge Torres’ July 2023 decision partially favored Ripple, distinguishing institutional from retail sales, but the SEC maintains its stance that all XRP transactions fall under securities regulations.

Analyst CryptoBall projects XRP could hit $15 soon and potentially surpass $25 during this bull cycle, based on Elliott Wave Theory. A resolution to the case, anticipated by late 2025, could significantly influence broader crypto regulations.

Solana sets target at $300, and the new update could help with network congestion

Solana is trading at $255 right now, with a slight 1.8% decrease over the last 24 hours. The Relative Strength Index (RSI) stands at 54, indicating neutral momentum with room for upward movement. 

Key support levels are now at $245.30 and $230.75, while resistance has shifted to $280 and $295.

Solana’s recent v1.17.31 update has effectively mitigated network congestion caused by increased meme coin activity. 

This improvement is expected to boost network performance and attract more users, potentially driving SOL closer to its $300 target in February.

The Bottom Line

XRP, and Solana remain top players in the altcoin market, with February 2025 coming up to be a promising month for growth after Trump’s inauguration.

Meanwhile, PlutoChain could also gain momentum with its Layer-2 technology and strong fundamentals. The project could activate Bitcoin’s potential, possibly turning it from just a store of value into a powerful platform for decentralized apps – all while keeping its core security intact.