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Pepe Coin is gaining attention again after a staggering 1.14 trillion PEPE trades in just 24 hours.
This activity has led to discussions of a potential 100x growth, with analysts and forecasting platforms speculating as to whether Pepe could outgrow his meme status and become a more serious contender.
But is this rise a signal of sustainable growth or just another hype-driven cycle?
We’ll also take a look at PlutoChain ($PLUTO), a new hybrid L2 project that could add smart contracts to the BTC network and bring new functionality to it. The PlutoChain presale is making a strong impression, with more than 2 million tokens sold.
Let’s look at the details.
Pepe Coin Market Performance and Outlook to 2025 From a Technical Perspective
As of December 29, 2024, Pepe Coin (PEPE) is trading at approximately $0.00002112, reflecting a slight decrease of 0.03% in the last 24 hours.
The Relative Strength Index (RSI) for PEPE is currently around 55.55 on the 4-hour chart, indicating a neutral market stance. There is currently balanced momentum with no immediate signs of a trend reversal.
Moving averages provide further insight into PEPE price dynamics. The 50-day simple moving average (SMA) is currently at $0.01205 and PEPE price recently crossed above this level, so we can expect increasing bullish momentum.
Last week, Santiment reported that more than 1.14 trillion PEPE tokens were traded overnight, sending the market soaring.
There are several possible catalysts for this.
Elon Musk, the billionaire entrepreneur known for his affinity for memes, recently created a buzz around Pepe. In a post on Xu, he shared a meme that talks about how some users on the platform interact with information and news, including PEPE.
PEP HOLDER, a meme coin analyst on Twitter, also announced that big things are coming for PEPE as the platform will partner with Tangema, a hardware wallet.
Is PlutoChain ($PLUTO) the missing piece of the puzzle to help Bitcoin activate its full potential and expand its role in DeFi?
PlutoChain ($PLUTO) represents a Layer-2 solution that could expand Bitcoin’s capabilities beyond its traditional role as a store of value.
Bitcoin faces ongoing challenges with network congestion, transaction delays, and high fees during peak usage periods.
PlutoChain could tackle these issues through its Layer-2 network, built on top of Bitcoin’s core layer, offering a scalable solution without compromising the underlying security that Bitcoin is known for.
While Bitcoin’s 10-minute transaction time has allowed networks like Ethereum, Solana, and Cardano to gain market share, PlutoChain could reduce that to 2 seconds on its own chain while potentially maintaining Bitcoin’s security through its blockchain anchoring.
Its compatibility with EVM means that Ethereum developers can transfer their projects seamlessly, potentially enabling direct integration of DeFi applications, NFTs and AI projects into the Bitcoin ecosystem.
This compatibility could be particularly significant as it could open up Bitcoin to the vast ecosystem of existing Ethereum-based applications and developers, potentially bridging the gap between these two major blockchain communities.
The platform has proven its capabilities in testing and processing 43,200 daily transactions without performance issues. This throughput demonstrates the potential of PlutoChain to handle significant network activity while maintaining consistent performance levels.
In terms of security, PlutoChain has undergone thorough audits by respected companies including SolidProof, QuillAudits and Assure DeFi, establishing a strong foundation of trust and reliability in its infrastructure.
The platform also emphasizes community involvement, implementing a governance system where users can participate in key decisions about updates, partnerships and feature development. The management structure allows users to have a direct influence on the future of the platform.
Final thoughts
Pepe Coin could see an interesting growth in early 2025 with the latest developments regarding the partnership with Tangema.
At the same time, there is a new L2 project called PlutoChain that could attract attention.
PlutoChain’s approach to potentially scaling Bitcoin could represent a significant step forward in blockchain interoperability.
By potentially combining the security of Bitcoin with the programmability of Ethereum, it could create unique value in the ecosystem.
The platform’s ability to maintain high transaction speeds while leveraging Bitcoin’s security model could help it become more popular in the coming weeks.
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Please remember that this article is for informational purposes only and not financial advice. All cryptocurrencies are volatile, and prices are prone to rapid changes. Always do your own research and consult with an expert before joining any crypto venture. We are not responsible for any outcomes based on the information in this article. Forward-looking statements involve risks and may not reflect updates.
