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Cryptocurrency News Articles

Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and PlutoChain ($PLUTO): Which Projects Will Reach New ATHs?

Feb 07, 2025 at 03:36 am

Right now, four major assets are showing signs of reaching new all-time highs: Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Dogecoin (DOGE).

Four major cryptocurrencies are showing signs of reaching new all-time highs. Here's a closer look at each project and what might be driving their impressive performance.

Bitcoin (BTC) is currently trading at around $99,343.10, up 2.2% over the past 24 hours. Several factors could push Bitcoin toward a new all-time high. The approval of spot Bitcoin ETFs has made it easier for both institutional and retail investors to gain exposure.

This increased accessibility has played a crucial role in boosting demand for BTC. Additionally, the recent appointment of Paul Atkins, a known cryptocurrency advocate, to lead the SEC under President Trump’s administration, signals a more crypto-friendly regulatory environment.

Crypto Virtuos predicts that Bitcoin could reach $114,000 mid-term if it breaks the $105K accumulation zone.

Meanwhile, Ethereum is currently trading at approximately $2,612.75, which reflects a 14.7% decline over the past 24 hours. The approval of spot Ether ETFs has made it easier for investors to gain exposure, which boosted demand.

Ethereum's burn mechanism is also reducing supply, creating a more favorable market balance. Meanwhile, clearer regulations under the current administration are improving investor confidence. Plus, Ethereum remains the backbone of DeFi and NFTs.

Crypto analyst That Martini Guy â‚¿ predicts that Ethereum will reach $10,000 by April.

At the moment, Solana is trading around $199.66, which reflects a 5.9% drop in the last 24 hours. Solana's fast, low-cost transactions make it a preferred choice for developers and users.

Interest in a potential Solana-based ETF is also building, which could bring in more institutional investors. Furthermore, the expansion of Solana's ecosystem, including new partnerships and innovative projects, is strengthening its position in the market.

CG_raino predicts that Solana could drop to $175 in February before rebounding to $250 within the next three months.

Finally, Dogecoin is trading at approximately $0.2797, up 1.72% over the past 24 hours. Grayscale's launch of a Dogecoin Trust is making it easier for investors to gain exposure, which could drive demand.

A more crypto-friendly regulatory environment is also boosting market confidence. Meanwhile, Elon Musk's ongoing support continues to keep DOGE at the center of discussions.

S A F W A N predicts that Dogecoin (DOGE) will increase 10x by mid-February.

While the above-mentioned projects are certainly making waves in the crypto space, it's important to note that this article is purely informational and should not be interpreted as financial advice. Readers are encouraged to carry out their own due diligence. Predictions involve risk and may not undergo updates.

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Other articles published on Feb 07, 2025