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In November, the token had a 97% jump and was added to Robinhood’s cryptocurrency offering.
Another thing PEPE loves is the support of its active community. But can PEPE reach $1 by February 2025?
At the same time, whales are eyeing PlutoChain ($PLUTO) for its Layer-2 technology and unique approach that could address Bitcoin’s challenges. PlutoChain gained significant traction in the pre-sale, surpassing 2 million tokens sold.
Check out the details below.
Can Pepe Coin Reach $1 By February 2025? Analyst predictions and key insights
By mid-November, PEPE’s price had risen by nearly 97%, helping it outperform other meme coins like Dogecoin. This rise coincided with Bitcoin’s rise to around $99,000.
Later that month, Robinhood Markets added PEPE to its cryptocurrency offering, making it more accessible to a wider range of investors.
To reach $1, PEPE would need to overcome some major challenges, including the large token supply and market capitalization required for such a valuation.
Despite these obstacles, its popularity continues to grow and is mainly supported by active community engagement and increasing liquidity on exchanges.
However, PEPE’s ability to sustain momentum will depend on continued demand and the trajectory of the broader market.
As of December 27, 2024, Pepe Coin (PEPE) is trading at approximately $0.00001807 per token, up 4.0% in the last 24 hours.
The 24-hour trading volume is about $1.70 billion, with a market capitalization of about $7.60 billion.
The RSI is currently at 49, which puts PEPE in the neutral zone.
Key resistance levels are identified at $0.00002285 and $0.00002800, with support levels at $0.00001732 and $0.00001700.
JAKE, a crypto analyst at X, called PEPE the Shiba Inu of this cycle. He believes that PEPE could achieve a 7.5x increase from its current value and reach a market capitalization of $75 billion.
While that growth would be substantial, it would still be far from the $1 mark.
Changelly predicts a max trade value of around $0.0000595 for PEPE in Feb 2025 and Long Forecast a max price of $0.00002490.
PlutoChain’s technology could revolutionize the speed and functionality of Bitcoin
Bitcoin still faces major issues that could be frustrating for its users – network congestion, long transaction times, and high fees during periods of heavy usage.
PlutoChain ($PLUTO) could propose a solution to these challenges with its innovative Layer-2 technology.
The system could work by potentially creating an additional layer on top of Bitcoin’s main network to handle transactions more efficiently and reduce costs.
One of the biggest disadvantages of Bitcoin is that it takes 10 minutes to process transactions. This has allowed newer networks like Ethereum, Solana, and Cardano to thrive by offering faster speeds and better tools.
PlutoChain plans to reduce that waiting time to just 2 seconds in its L2 chain while keeping Bitcoin’s robust security intact. This improvement would expand Bitcoin’s utility beyond serving as a store of value.
Developers familiar with Ethereum may find the PlutoChain platform accessible because it uses the Ethereum Virtual Machine (EVM).
This compatibility would allow projects built for Ethereum to migrate to Bitcoin without much trouble. The platform would support everything from DeFi applications to NFTs and AI projects.
PlutoChain’s testnet has already processed 43,000 daily transactions without delay, demonstrating its readiness for real-world applications.
To make sure everything works securely, three respected security companies – SolidProof, QuillAudits and Assure DeFi – have thoroughly vetted the project’s code and systems.
PlutoChain also empowers its community through a governance system. users can vote on critical updates, partnerships and new features.
This mix of solid technology, proven security, and user involvement could make PlutoChain a turning point for the future of Bitcoin.
Final word
PEPE gained momentum with its price jumps, listing on Robinhood, and strong community support.
However, considering the challenges it faces, such as the large token supply and the huge market capitalization required, the $1 mark is a long way off, but still not impossible.
PlutoChain could offer a completely different opportunity. Its Layer-2 technology has the potential to revolutionize the way Bitcoin works, reducing block times from 10 minutes to just 2 seconds on its own chain, while maintaining the security of Bitcoin.
Both projects could be worth watching, but looking ahead, PlutoChain’s potential to address Bitcoin’s fundamental limitations could make it a particularly interesting project.
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Disclaimer: It’s important to note that participating in the presale carries risks, including market volatility and potential project delays. Do thorough research, understand the risks of market volatility, and seek professional advice before getting involved in any blockchain project. Forward-looking statements are speculative and may not be changed.
