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Cryptocurrency News Articles
Four Crypto Projects Whales Are Interested in as We Kick Off 2025
Jan 15, 2025 at 10:51 pm
As we just kicked off 2025 the crypto market is already heating up. Right now, four projects have whales interested in their unique value propositions
Four projects are currently piquing the interest of cryptocurrency whales due to their distinctive value propositions: Ripple (XRP), Ethereum (ETH), Dogecoin (DOGE), and PlutoChain ($PLUTO).
XRP facilitates quick, low-cost international transactions, while Ethereum spearheads innovation with dApps and Layer-2 scaling.
Dogecoin enables fast, economical payments, and PlutoChain might introduce a game-changing Layer-2 solution for Bitcoin with EVM compatibility and DeFi support.
Let's investigate the elements that distinguish these initiatives.
PlutoChain ($PLUTO) Might Integrate Bitcoin with EVM Support and DeFi Solutions
A special Layer-2 solution from PlutoChain ($PLUTO) might address Bitcoin's long-standing problems.
Bitcoin frequently experiences network congestion, sluggish transaction speeds, and exorbitant costs. Operating concurrently with Bitcoin's main blockchain is a parallel network created by PlutoChain.
This strategy might lessen mainnet traffic, cut transaction costs, and increase scalability without modifying Bitcoin's fundamental architecture.
The 10-minute block time of Bitcoin frequently results in delays, but PlutoChain uses Layer-2 technology to achieve block times of only 2 seconds.
The platform might enable developers and creators to investigate new use cases while maintaining Bitcoin's security thanks to the introduction of smart contract capability.
Its EVM compatibility might link Ethereum-based projects to Bitcoin, enabling DeFi applications, NFTs, and AI-driven tools.
The PlutoChain testnet is prepared for real-world deployment since it can handle 43,200 transactions daily without experiencing congestion.
Regular code reviews, stress testing, and audits by SolidProof, QuillAudits, and Assure DeFi guarantee the platform's strong security, which also includes routine code reviews and stress testing.
Its community involvement influences its development; users submit suggestions, talk about improvements, and vote on crucial changes through its Discord channel.
Making Instant, Low-Cost Transactions for Global Finance a Reality with Ripple (XRP)
As of January 13, 2025, XRP is trading at about $2.46. Over the past day, its price has ranged between $2.46 and $2.56, with a trading volume of close to $4.86 billion.
With 57.49 billion XRP tokens in circulation out of a total supply of 99.99 billion, the market cap is about $145.12 billion.
An RSI of 52 indicates a neutral market mood.
XRP has recently seen a surge in whale transactions. Large holders have acquired over 1 billion XRP tokens in the past two days.
This activity follows a 430% rally last month, which brought XRP to its highest levels since 2018. These large trades, which frequently correspond with price increases, have had a substantial influence on the rally.
Steph_iscrypto observes XRP in the early stages of a breakout, which higher trading volume will confirm, setting a conservative target of $5 and a bullish target of $14.
dApps and Layer-2 Solutions for Global Growth Are Being Built by Ethereum (ETH)
As of January 13, 2025, Ethereum (ETH) is priced at around $2,996.10, reflecting a 2.2% drop in the last 24 hours.
Over the past week, ETH has declined by 12.8%. The 24-hour trading volume sits at $15.7 billion, with a market cap of $384.5 billion.
Approximately 120.5 million ETH tokens are in circulation. The RSI is currently at 21, indicating that ETH is oversold.
A key milestone for Ethereum occurred in September 2022 when it transitioned to a Proof-of-Stake (PoS) consensus mechanism, a move known as "The Merge." This shift reduced the network’s energy consumption by more than 99%.
Afterward, Ethereum entered "The Surge," a phase aimed at increasing transaction speeds to 100,000 per second using rollups, sharding, and other innovations.
The Ethereum ecosystem has also seen impressive growth in Layer 2 solutions, which improved transaction speed and lowered costs across the network.
Crypto Caesar predicts Ethereum’s next major rally could begin soon, with strong support holding and a potential target of $6,000 if the bullish trend persists.
Offering Instant Payments and Low Fees for Smooth Daily Transactions with Dogecoin (DOGE)
As of January 13, 2025, Dogecoin (DOGE) trades at approximately $0.3341, which is a 1.2% increase over the past 24 hours.
Its 24-hour trading volume stands at about $3.63 billion, with a market capitalization
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