In November, the token had a 97% surge and was added to Robinhood’s cryptocurrency offerings.
Another thing PEPE has going for it is the support of its active community. But, can PEPE reach $1 by February 2025?
At the same time, whales are eyeing PlutoChain ($PLUTO) due to its Layer-2 technology and a unique approach that could address Bitcoin’s challenges. PlutoChain has gained significant traction in its presale, surpassing 2 million tokens sold.
Check out the details below.
Can Pepe Coin Hit $1 by February 2025? Analyst Predictions and Key Insights
In mid-November, PEPE’s price surged by nearly 97%, which helped it surpass other meme coins like Dogecoin. This rally coincided with Bitcoin’s climb to around $99,000.
Later that month, Robinhood Markets added PEPE to its cryptocurrency offerings, which made it more accessible to a wider range of investors.
To achieve $1, PEPE would need to overcome some big challenges, including its high token supply and the market cap required for such a valuation.
Despite these obstacles, its popularity continues to grow and is mostly supported by active community engagement and increasing liquidity across exchanges.
However, PEPE’s ability to maintain momentum will depend on consistent demand and the broader market’s trajectory.
As of December 27, 2024, Pepe Coin (PEPE) is trading at approximately $0.00001807 per token, which is a 4.0% increase over the past 24 hours.
The 24-hour trading volume stands at around $1.70 billion, with a market cap of around $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, crypto analyst on 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 cap of $75 billion.
Although this growth would be substantial, it would still be far away from the $1 mark.
Changelly forecasts a maximum trading value of around $0.0000595 for PEPE in February 2025, and Long Forecast a maximum price of $0.00002490.
PlutoChain’s Technology Could Revolutionize Bitcoin’s Speed and Functionality
Bitcoin still faces major problems that could be frustrating to its users – network congestion, long transaction times, and high fees during periods of heavy use.
PlutoChain ($PLUTO) could propose a solution to these challenges with its innovative Layer-2 technology.
The system may work by potentially creating an extra layer on top of Bitcoin’s main network to handle transactions more efficiently and keep costs down.
One of Bitcoin’s biggest drawbacks is that it takes 10 minutes to process transactions. This has let newer networks like Ethereum, Solana, and Cardano pull ahead by offering faster speeds and better tools.
PlutoChain plans to cut that wait time down 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 might find PlutoChain’s platform accessible, as it uses the Ethereum Virtual Machine (EVM).
This compatibility would allow projects built for Ethereum to move over to Bitcoin without much hassle. The platform would support everything from DeFi apps to NFTs and AI projects.
PlutoChain’s test network has already processed 43,000 daily transactions without delays, which demonstrates its readiness for real-world applications.
To make sure everything runs safely, three respected security firms – SolidProof, QuillAudits, and Assure DeFi – have thoroughly checked 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 game-changer for Bitcoin’s future.
Final Word
PEPE has gained momentum with its price surges, a listing on Robinhood, and strong community support.
However, considering the challenges it faces, such as the high token supply and massive market cap required, the $1 mark is a long shot, but still not impossible.
PlutoChain could offer an entirely different opportunity. Its Layer-2 technology has the potential to revolutionize how Bitcoin operates, by cutting block times from 10 minutes to just 2 seconds on its own chain while retaining Bitcoin’s security.
Both projects could be worth watching, but looking ahead, PlutoChain’s potential to address Bitcoin’s fundamental limitations may make it an especially interesting project.
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Disclaimer: It’s important to note that participating in presales carries risks, including market volatility and potential project delays. Please conduct thorough research, understand the risks of market volatility, and seek professional advice before engaging with any blockchain project. Future-oriented statements are speculative and may not be modified.
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