Can Ripple expect price increases in the following period or should investors focus on this new presale project?
The rise of Bitcoin has not stopped since Donald Trump’s victory in the presidential election. The world’s largest cryptocurrency currently stands at $87,332 (per CoinGecko), with the possibility of going even further.
This caused a domino effect on the rest of the market, with major altcoins like Ripple ($XRP) also seeing a resurgence. Forbes Analysts say that while an uptrend is possible for Ripple, it is unlikely that we will see major gains in the coming weeks.
For those wanting potentially larger gains, it may be a good idea to look into meme presales, given that they have historically tracked BTC’s rises.
Right now, a popular meme presale that has just started launching is Pluto Chain ($PLUTO).
Let’s see the details below.
Ripple Price Prediction After Election – Can It Finally Break the $5 Barrier?
With renewed optimism for pro-crypto policies following the latest US election, some XRP investors are once again eyeing the $5 mark – but reaching that milestone is anything but guaranteed.
Despite a recent rally that pushed XRP to $0.618 – its highest since October – it remains almost 500% below its high of $3.40 set in 2018. Currently, it sits around $0.58, according to the latest report. CoinGecko data.
For XRP to even approach $5, it would take a massive rally. Over the past week, the price rose from $0.50 to $0.61, before returning to $0.5759.
Binance analysts suggest that XRP must first break through the crucial resistance at $0.9302, which would mark the neckline of a support trendline that has remained intact since mid-2022. Until the project surpasses this level, talk of reaching an all-time high remains purely speculative.
Additionally, Ripple’s SEC Lawsuit is still active and it is not certain that the result will be positive for $XRP. While a $1 target may be more realistic, even that is considered overkill at present.
Currently, it seems best to focus on trending assets, especially coin presales like PlutoChain ($PLUTO). Below, we’ll explain why this new pre-sale project has a chance to turn a profit in the coming weeks.
PlutoChain ($PLUTO) is a new pre-sale project that aims to create a hybrid Bitcoin Layer-2 blockchain – investors need to know these details
Bitcoin may still be the undisputed crypto leader, but it has been left out of the DeFi movement – but Pluto Chain intends to bring him back.
PlutoChain is building a new layer 2 blockchain solution with the idea of introducing smart contracts and DeFi applications directly to Bitcoin’s network, while preserving Bitcoin’s robust security protocol.
The native token, $PLUTO, is currently available for presale at $0.101, so investors can get early access to the project without spending too much. But as the pre-sale stages end, the price will increase.
It is also worth noting that PlutoChain is committed to keeping transaction fees low, which is particularly helpful during times of market volatility. And seeing that the potential “supercycle” coin could bring the industry’s market cap to a staggering $1 trillion, it appears $PLUTO has hit the right time for its launch.
Additionally, with EVM compatibility, developers should be able to easily migrate Ethereum-based DeFi applications to the Bitcoin network, which could also open up exciting new possibilities for the Bitcoin ecosystem.
Investors should keep in mind that the presale price is expected to increase in two days, as the next phase begins. For those curious about PlutoChain’s vision to bridge Bitcoin and DeFi, their white paper gives deeper insight.
PlutoChain Prioritizes Security Protocols – SolidProof Audit Proves Assets Will Stay Safe
PlutoChain does not skimp on security. They crossed a SolidProof audit for thorough and ongoing security checks, ensuring your assets stay safely in your wallet, where they belong.
PlutoChain schedules these audits regularly, to ensure they stay on top of any vulnerabilities before they become real problems.
Their team is vigilant and constantly monitors smart contracts and updates the code to keep everything working correctly and securely.
With strong encryption in place, PlutoChain also ensures that your transactions remain private. Their anonymity features are designed to keep your financial activities secure and private, protecting your identity while maintaining the legitimacy of each transaction.
Considering the frequency crypto scams Today, it’s a breath of fresh air for investors worried about their money.
You can join the $PLUTO social hype via Twitter,DiscordAnd Telegram.
The essentials
Ripple is finally seeing some action, with the last week bringing a 16% increase in value following BTC’s new ATH. But when it comes to long-term profits, there isn’t much to fall back on with XRP.
Meme coin presales might be the best bet right now – especially new launches like PlutoChain ($PLUTO).
Pluto Chain ($PLUTO) has all the ingredients: unique L2 technology, strong security protocols and innovative ideas. For this reason, the project has a chance to generate profits after listing, especially if the hype continues.
This is a sponsored post. The opinions expressed are solely those of the sponsor and readers should conduct due diligence before taking any action based on the information presented in this article.