This Week: XRP Holds Steady Near $1.10, While Solana and Toncoin Are Still Going Through Ups and Downs, Trying to Hold Last Week's Gains

There's also a new name in the presale space that could be interesting to watch – PlutoChain ($PLUTO). Let's go through the details.

Cryptocurrency markets are seeing some interesting shifts this week. While XRP is holding steady near the $1.10 mark, Solana and Toncoin are navigating ups and downs in their attempts to sustain last week’s gains.

Meanwhile, a new name in the presale space is catching attention for its unique approach to expanding Bitcoin’s capabilities.

Solana (SOL) is currently trading around $215 per CoinGecko, showing promise as it finally breaks the long-awaited $204 support level. Breaking out of a nine-month parallel channel, Solana seems to be set for a more bullish momentum. But is it realistic?

Analyst C. Gupta believes this consolidation could set SOL up for a potential 25% gain, eyeing the $260 mark in the near future.

What keeps Solana in the spotlight is its Proof-of-History (PoH) mechanism that speeds up transactions while keeping costs low, making it a good choice for crypto whales. This powers Solana’s DeFi and NFT ecosystems and strengthens its case as a network built to scale.

Toncoin (TON) is turning heads after a 14% jump, now trading at $5.67. It recently bounced off strong support at $4.6 and broke out of a descending channel. With the 200-day EMA resistance at $5.47 in sight, analysts say a close above this level could pave the way for a push to $6.05.

On-chain data supports this outlook. Daily transactions and active wallets have hit their highest levels since October, and the Relative Strength Index (RSI) suggests there’s still room for growth before hitting overbought territory.

Toncoin has deep integration with the Telegram ecosystem, which is a key advantage. Because of Telegram’s massive user base, TON is seeing steady transaction and active wallet activity growth.

Ripple (XRP) is still a favorite for crypto investors and Robinhood’s decision to relist XRP has added some momentum. In the last week, XRP finally crossed the $1 barrier. It’s still able to maintain it, but analysts say that the SEC trial outcome could have a big impact on whether the bull momentum continues.

Its utility as a bridge for cross-border payments is a big part of the story. Ripple’s technology is already solving real-world financial problems, and recent moves like the RLUSD stablecoin launch and increased trading activity are only adding to its appeal.

Bitcoin might be the king of crypto, but it hasn’t kept up with the DeFi explosion. That’s where PlutoChain steps in as the first hybrid Layer-2 solution designed to bring smart contracts and decentralized apps (dApps) to Bitcoin’s network.

It wants to combine Bitcoin’s unmatched security with the flexibility of DeFi, NFTs, AI, and even Metaverse applications.

Currently, PlutoChain’s token, $PLUTO, is in presale for $0.102, offering early investors a chance to get in before prices rise in the next round.

With low fees, fast transactions, and scalability, PlutoChain could make Bitcoin more practical for both developers and users at just the right time.

One standout feature is its Ethereum Virtual Machine (EVM) compatibility, allowing Ethereum-based DeFi apps to migrate to Bitcoin without rewriting their code. This bridges Ethereum’s functionality with Bitcoin’s security, which might open the door for a huge DeFi market on Bitcoin.

Considering Bitcoin’s DeFi usage is still just a fraction of Ethereum’s, PlutoChain’s ideas strike a chord with investors.

Security is another area where PlutoChain shines. It has passed a SolidProof audit to ensure assets are safe and vulnerabilities are addressed. Regular audits and strong encryption further show the platform’s commitment to secure and private transactions.

PlutoChain isn’t just about expanding Bitcoin’s use—it’s about doing it right.

PlutoChain ($PLUTO) could be a project worth watching. With its hybrid Layer-2 technology, low transaction fees, and a strong focus on security, it has a new take on bringing DeFi capabilities to Bitcoin.

The team’s roadmap outlines clear development milestones, including private and public testnets, bridge launches, and an eventual mainnet rollout. Get in on the action now and start being involved in the projects!

For those curious to dive deeper, PlutoChain’s whitepaper offers detailed insights, while the $PLUTO community is active and engaging on Twitter, Telegram, and Discord.

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