Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The crypto market remains green today, according to CoinStats.
On the hourly chart, the price of ADA might have set a local resistance level of $1.0961. As part of the daily ATR has been passed, there are low chances to expect any sharp moves by tomorrow.
On the bigger time frame, the rate of ADA keeps accumulating energy for a further move. As none of the sides has seized the initiative, ongoing sideways trading in the range of $1.00-$1.10 is the more likely scenario until the end of the week.
Major asset managers, including BlackRock and JPMorgan, are eyeing XRP ETF filings, which, if approved, could lead to a major rally for the altcoin.
Ripple’s U.S. dollar-pegged stablecoin, RLUSD, launched yesterday following the approval from NYDFS. Also, a favorable resolution to Ripple’s SEC lawsuit could eliminate regulatory uncertainties.
The XRP price, currently rebounding after a wider market correction, has been under strong observation, given its weekly trend showing a decrease of 11%. However, owing to the 302% surge in the last 30 days, Ripple’s XRP still stands strong. Quoted at $2.34 at press time, XRP enthusiasts are holding their breath for several developments that are to take place in the coming days and push the token’s value upward.
Rising Interest In Spot XRP ETFs
The prospect of a spot XRP ETFs has been highly anticipated. Heavyweight asset managers, such as BlackRock and JPMorgan, are said to be looking at filings for XRP ETFs. Companies like WisdomTree, 21Shares, and Bitwise have already filed applications with the U.S. Securities and Exchange Commission.
Investment firm Canary Capital also filed an application to start an XRP ETF in October, which attracted others’ interest. Approval for an XRP ETF will give individuals regulated exposure to the asset, which is likely to increase mainstream adoption.
The analysts think that the entry of capital that Bitcoin saw after the approval of BTC spot ETFs will be what XRP will undergo if an ETF gets approved. Since BTC recently hit a new all-time high of $103,000, the XRP price could also see an unprecedented surge. Thus, analysts like Armando Pantoja expect the Ripple token to surge to $30, suggesting a whopping 1,182% increase from current levels, reported CNF.
Ripple’s RLUSD Stablecoin Launch
Ripple has announced the launch of RLUSD, a U.S. dollar-pegged stablecoin, after securing the much-awaited clearance from the New York Department of Financial Services (NYDFS) yesterday, on Tuesday, December 10. Soon after, the XRP price surged over 20% after Ripple announced approval from NYDFS for its RLUSD stablecoin.
Ripple CEO Brad Garlinghouse confirmed the milestone on X, stating, “We have final approval from NYDFS for $RLUSD! Exchange and partner listings will be live soon.” RLUSD is expected to enhance Ripple’s ecosystem, and the company promised further updates upon the stablecoin’s launch.
Market analysts expect the release of RLUSD to spark greater institutional interest. RLUSD’s role in cross-border transactions could highlight XRP’s use case as a bridge asset in Ripple’s payment network.
Will Ripple SEC Lawsuit Be Over Soon?
Ripple’s legal case with the SEC would be a significant factor in influencing XRP’s market performance. Market observers believe that an effective resolution is more likely after the political shift, as President-elect Donald Trump will take over in January.
A settlement or favorable court ruling could eliminate ongoing regulatory uncertainties surrounding XRP and further cement its position as a non-security. Analysts suggest this could act as a significant catalyst for market participants and institutional investors who have been hesitant due to the legal ambiguity. This could potentially drive the XRP price higher, reaching $3 in the short term.
The Solana price had a magnificent ‘moonvember,’ up 10% on the month and flipping Binance in the process. But the last week has been relatively quiet. Shell shocked by XRP’s explosive growth, the Solana price is down 5% on the week. But what does the Solana price prediction look like? In a word: bullish. Solana is a rising crypto and is expected to at least double from the current level. However, an even more bullish and rising crypto is Rollblock, and it is set to surpass Solana’s growth predictions by quite a margin.
Rollblock (RBLK): New rising crypto casino rolls out the red carpet to investors
Rollblock has quickly established itself as a rising crypto to watch, raising an impressive $7 million in liquidity during its presale. Positioned as a GambleFi token, Rollblock offers a unique blend of blockchain innovation and real-world utility in the online gambling sector. What sets Rollblock apart is its revenue-sharing model, which distributes a portion of the platform’s daily earnings directly to token holders, ensuring steady passive income alongside growth potential.
Unlike many speculative projects, Rollblock is designed with sustainability in mind. Its deflationary tokenomics reduce supply over time, driving scarcity and value. This rising crypto’s success stems from its solid fundamentals and the massive $500 billion online gambling market it taps into. With strong presale momentum and growing investor confidence, Rollblock is poised to deliver significant returns once it hits open markets.
For those seeking more than just speculative gains, Rollblock’s combination of innovative GambleFi features and robust DeFi principles makes it a standout opportunity. As the crypto rally continues, Rollblock’s potential to outperform even established tokens like Solana makes it an exciting addition to any portfolio. This rising crypto is not just a token—it’s a revolution in how blockchain meets online gaming.
Solana (SOL): Solana’s price prediction for 2025 and beyond looks bullish
At around $225, the Solana price is down 14% from its November high. This is a result of profit-taking and over-investment in XRP right now. But even at $216, the Solana price is still up 73% from mid-September. Solana had a great bull run, and according to Coincodex, the bulls are not quite done with Solana just yet.
We can expect a relatively stagnant Solana price for December, but it will more than double to $560 by mid-2025 before crashing to present levels until the next halving cycle. By 2029, Solana is expected to breach the $1k mark. This is a 5x increase in just 4 years, which is not bad going at all. But even that bullish number fades compared to the rising crypto opportunity that is Rollblock.
Solana may not be the fastest grower in the crypto market, but for long-term sustainability, it cannot be beaten.
Conclusion
The Solana price will still double- – or even more – in the next six months, but then there’s a lull ahead before Solana shoots the moon in 2029. But not everyone has four years to wait. This is where the rising crypto star Rollblock comes in.
Rollblock is expected to return several orders of magnitude after its presale ends and the token lists on the open markets. Rollblock is an amazing investment opportunity and is available at $0.041 directly from their website. Discover the exciting opportunities of the Rollblock (RBLK) presale today! Website: https://presale.rollblock.io Socials: https://linktr.ee/rollblockcasino
*This article was paid for. Cryptonomist did not write the article or test the platform.
Bitcoin Futures Analysis: AI-Powered Insights for Investors and Traders
Bitcoin futures continue to attract significant attention as traders navigate key levels and market shifts. In this report, we bring you our AI-driven analysis, propietary to ForexLive.com, based on advanced order flow mechanics and volumetric data, offering actionable insights into current and historic price dynamics.
Key Market Levels and Their Dates
As of now, Bitcoin futures are trading near $97,548, aligning closely with today’s VWAP. To provide clarity, we outline the key levels below, distinguishing between today’s metrics and historic levels:
$96,200 (POC from December 10): This is a naked POC, meaning it hasn’t been tested by price today, making it a potential magnet for price action.
$94,950 (VAL from December 10): Another naked level that is just above $95,400, a long-term historic naked level that has held importance in prior sessions.
$98,645 (VWAP from December 9): This level represents the average trading price weighted by volume from December 9 and acts as potential resistance in the current market.
$100,565 (VAH from December 9): A naked VAH that serves as a critical resistance level, marking the upper boundary of value from that day.
Today’s VWAP: Currently at $97,548, providing a baseline for today’s trading activity.
Yesterday’s VWAP (December 10): Closed at $96,980, forming a key reference point below the current price.
AI-Powered Prediction Methodology
Our predictive model combines volumetric data, delta analysis (buy vs. sell strength), and market context to evaluate momentum and identify key price levels. This unique approach dives deep into the mechanics of the market, leveraging bid-ask dynamics and auction theory for superior market insights.
Rather than relying solely on traditional indicators like moving averages, our methodology focuses on the interaction between buyers and sellers at critical levels, such as VWAP, POC, and VAH/VAL.
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The ForexLive.com Prediction Score Explained
Our prediction score ranges from -10 (extremely bearish) to 0 (neutral or indecisive) to +10 (extremely bullish). This score reflects both the momentum direction and its strength:
Current Score: +3 The current market is moderately bullish, with buyers defending key support levels such as the $96,200 POC from December 10, but momentum shows signs of softening. The market could potentially retest $98,645 (VWAP from December 9) if buying activity strengthens, but resistance at $100,565 (VAH from December 9) may cap any upside move.
Why This Analysis Matters
The price has demonstrated resilience near the $96,200 POC (December 10), suggesting buyers are stepping in at critical support. However, declining delta values in recent bars indicate weaker follow-through. The historic significance of levels like $94,950 VAL (December 10) and $95,400 (long-term naked level) adds context, highlighting areas of strong buyer interest that could limit downside risk.
Suggested Approach for Traders and Investors
For Bullish Traders:
Maintain long positions with stops below $96,200 to protect against downside risk.
Watch for a breakout above $98,645 (VWAP from December 9) for potential upside to $100,565 (VAH from December 9).
For Neutral Traders:
Wait for stronger confirmation. A decisive move above $98,645 or below $96,200 will provide clearer direction.
For Bearish Traders:
Consider short positions if price fails to hold $96,200, targeting $94,950 VAL (December 10) or $95,400.
The Importance of Key Levels
VWAP: A weighted average price offering insight into market sentiment. Prices above VWAP signal buying dominance, while prices below indicate selling pressure.
POC: A magnet for price action due to concentrated volume.
VAH/VAL: Representing 70% of trading activity, these levels act as natural support and resistance zones.
Conclusion: Rebounding from Recent Low but Proceed with Caution
Bitcoin futures are at a pivotal juncture, with buyers defending critical levels but struggling to generate strong momentum. Our +3 prediction score reflects moderate bullishness but emphasizes the need for confirmation before expecting a significant move higher. WATCH $100,565 (VAH from December 9) for partial or full profit taking.
For traders and investors, understanding the significance of today’s and historic levels is crucial for making informed decisions. Stay tuned for further updates as we continue to track these evolving market dynamics. Remember, AI is amazing but it does not promise you the future. While it can assist you in decision making, with specific prices to consider, bitcoin investing and trading is always at your risk only.
REMEMBER – This is our AI looking at Bitcoin Futures, not just any BTCUSD pair, and you will find that financial instrument listed on the Chicago Mercantile Exchange (CME), represented as BTC1!.
Tip for Traders: You can find this ticker on platforms like TradingView by searching for BTC1! or looking under the CME Futures section. Ensure your broker supports Bitcoin Futures trading if you’re using a different platform.
The chart above shows that XRP price have been on a buying spree since mid-November when controversial SEC Chairman Gary Gensler confirmed his imminent exit. After a mild sell-off when XRP price topped out at $2.91 on December 4, crypto whales have capitalized on the ensuing market volatility to buy large amounts of XRP coins.
Since Dec 4, the whale cluster increased their balances from 4.58 billion XRP to hit 4.79 billion XRP at press time on Dec 11. Valued at current prices, this increase of 210 million XRP reflects that crypto whales invest another $494.2 million within the past week, capitalizing on the market volatility, and bullish sentiment surrounding the RLUSD stablecoin approval in New York.
When whale investors make surge large acquisition amid a market dip, the resultant market liquidity boost allows panic sellers to exit without causing major drag on prices. This partly explains why XRP price staged an early rebound above $2.40 on Tuesday while, outpacing other top-ranked assets like BTC, ETH.
XRP Price Forecast: $3 breakout ahead, if $2.60 resistance caves
XRP price appears poised for a bullish reversal towards $3 as technical indicators reflect improving market sentiment after the RLUSD stablecoin approval.
First, the Keltner Channels indicate that XRP faces significant resistance at $2.67. A decisive close above this level could confirm the start of a bullish continuation toward the psychological $3 milestone.
Further supporting the bullish case is the Bull-Bear Power (BBP) indicator, which has flipped green, showing stronger bullish pressure outweighing selling activity. This setup could attract strategic investors and short-term traders eyeing opportunities to capitalize on the upward trend.
Dogecoin (DOGE) price has been in a bearish momentum in the last 24 hours, with the price dipping from an intra-day high of $0.424 to an intra-day low of $0.3668.
At press time, DOGE price was trading at $0.3934, a 6.15% decline from the 24-hour high. Amid this dip, whales have been actively transferring large amounts of DOGE, fueling speculation about a potential price rally.
In the past few hours, large transfers of Dogecoin have caught the attention of market participants. According to Whale Alert, over 61 million DOGE, worth approximately $23.5 million, were transferred from an unknown wallet to the Robinhood platform.
This was followed by another transfer of nearly 85.4 million DOGE, valued at around $32.9 million. These large transactions come amid heightened market interest and could signal significant developments for the price of Dogecoin.
Whale movements are often viewed as indicators of potential market shifts, particularly when such large sums are moved to exchanges. Traders and investors may be watching these transfers closely, speculating whether they signal the beginning of a price rally. As larger market participants move their positions, volatility in Dogecoin’s price could increase, leading to potential price swings in the coming days.
Will DOGE Price Surge to $3?
Several analysts are keeping a close eye on Dogecoin’s price action amid these large whale transactions. Ali Martinez, a crypto analyst, recently stated that Dogecoin is still in the early stages of its bullish cycle.
He points to a potential price rise to $3 during the current bull run, with long-term projections suggesting a rise to as high as $18.
Martinez bases his prediction on the weekly chart’s regression channel, which suggests that DOGE still has room for upward momentum. However, he acknowledges that the market could face some fluctuations before these price levels are reached. Despite the recent decline in Dogecoin’s price, analysts are optimistic about its medium-to-long-term prospects.
Source: Coinglass
However, DOGE’s open interest dipped by 12%, and its derivatives trading volume decreased by 10%, signaling a slight reduction in market activi
Technical Breakout Sparks Renewed Optimism
Technical analysis has also been pointing to a potential breakout for Dogecoin. Trader Tardigrade, another crypto analyst, notes that DOGE price has recently broken out of a Symmetrical Triangle pattern, which often signals a bullish trend. Following this breakout, the price of Dogecoin has not experienced a significant pullback, suggesting that the upward momentum may continue.
If Dogecoin retraces to the upper boundary of the triangle at around $0.44, like it has done today, it could present a buying opportunity for investors looking to capitalize on the next leg of the rally. Tardigrade suggests that the price could eventually reach $0.65, marking a potential 50% rallyfrom the current levels.
Further, he predicts that DOGE might peak within the range of $8 to $10 before a possible retracement, which could provide another entry point for long-term investors. Moreover, from its current price of around $0.39, a rally to $3 would represent a significant increase of 630%, making it an enticing prospect for investors looking to capitalize on Dogecoin’s growth potential.
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Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dan Gambardello, the founder of Crypto Capital Venture, is bullish on Cardano (ADA) breaking new price levels as early as January. Gambardello, in an X post, says ADA could hit $2 based on the “cycle data.”
Path to $3: Gambardello’s cycle analysis
Gambardello maintains that Cardano’s spike to $2 will occur faster than the market anticipates. He believes that, based on technical analysis, historical price cycles, upgrades or other macroeconomic factors, ADA could hit $2 in the near term.
The Cardano pump to $2 will likely be here sooner than most people realize.
And according to cycle data, the pump back to $3 could realistically occur by January 10.
Since I’m usually slightly early with these things, let’s say January 24th.
“According to cycle data, the pump back to $3 could realistically occur by January 10,” Gambardello stated.
This suggests that ADA could achieve new price levels within the second week of the first month of 2025. During its bull run, ADA last reached the $3 level Gambardello pegged in August 2021.
However, to stay conservative, Gambardello has adjusted his timeline for ADA to hit $3 to Jan. 24. This timeline allows for possible delays in market reaction or if Cardano’s momentum experiences a slower-than-expected price surge.
Current performance and investor sentiment
Gambardello’s post implies that he has posited that ADA will hit a possible all-time high (ATH) in the current bull cycle. This price recovery relies on historical trends and ongoing positive sentiment surrounding ADA in the broader crypto space.
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While this might motivate investors to consider purchasing the asset, experts say Gambardello’s bullish stance remains a speculative guess. They maintain that other factors could derail Cardano’s rally to new levels.
In the meantime, ADA has seen a remarkable surge in its Open Interest amid its bullish YTD performance. The OI figures suggest traders are increasing their purchases. This could support ADA reaching new peak levels predicted by Gambardello.
As of this writing, the ADA price was exchanging for $1.03, down by 8.22% in the last 24 hours. Cardano rose by $1.15 in earlier trading before experiencing this drop.
XRP price gains in December could yield high profits as experts say Ripple will exceed $2. However, Propichain is attracting many altcoin whales with its ongoing presale, which offers 800% potential profit.
Analysts say Propichain’s real estate tokenization plans could make it one of the top altcoins in 2025. Yet, can it overshadow the current XRP price rally? Keep reading
XRP Price Rally: Why Experts Are Confident of a Jump to $3
XRP price predictions are a hot topic among investors. Since the early November rally, investor demand for Ripple has surged, pushing the XRP price to $2.57. XRP price charts also show a 366.38% surge in the past 30 days.
Following the recent XRP price rally, many analysts are confident that Ripple will keep rising. These analysts base their prediction on expectations that the next government will adopt a pro-crypto stance.
Adopting such a stance could help Ripple overcome its years-long legal dispute with the Securities and Exchange Commission (SEC), thus adding momentum to the current XRP price rally.
While the XRP price growth is capturing significant attention in crypto, many investors are also turning to innovative projects like Propichain, which promises to disrupt the real estate sector with cutting-edge technology.
Propichain: Turning the Housing Sector into a Goldmine
Propichain is a game-changing project that will expand the housing sector, opening up investment opportunities using artificial intelligence and asset tokenization. The platform also broadens investment access by connecting users via virtual reality services to global markets.
Propichain (PCHAIN) starts its real estate revolution with asset tokenization to lower investment costs and democratize access to virtual markets. The platform turns housing assets into fractional tokens investors can acquire in shares.
By letting investors acquire housing assets through fractional tokens, Propichain provides profit opportunities that are available to all despite their budget sizes.
Propichain’s lower-cost investing is the first layer of its real estate investing benefits. The second layer is AI-powered investing tools that help users analyze the market, estimate property costs, and assess emerging trends. This gives investors quality insights, allowing them to make smarter investing decisions.
Propichain (PCHAIN) is creating a level playing field for novice and expert investors by offering AI-powered market insights. Propichain’s AI-powered tools also help investors automate trades using buy or sell orders that are executed based on conditions specified by the user.
For instance, you can acquire a housing property when its value falls by using a buy order that will execute when the asset’s price drops. This allows for a more automated approach when investing in housing assets.
After improving investing convenience with AI-powered tools, Propichain (PCHAIN) broadens access to housing markets. It bridges investors worldwide using virtual tours that help traders overcome geographical barriers.
With virtual tours, you can look up housing assets anywhere in the world from a single location. This feature allows buyers and sellers to find and capitalize on more trading opportunities.
Propichain (PCHAIN) also guarantees safe and secure transactions thanks to its smart contract technology. These transactions are also seamless as there are no middlemen to cause delays. Furthermore, the BlockAudit-issued security certificate shows Propichain’s commitment to keeping investors safe.
XRP Price Rally and Propichain: What are the Similarities?
With its groundbreaking features and potential to revolutionize the real estate market, Propichain is drawing comparisons to other high-performing crypto projects.
One such comparison is with XRP, which saw significant growth due to its innovative use cases and strong market backing. Furthermore, Propichain (PCHAIN) has been listed on CoinMarketCap, a move that could bolster participation in its ongoing crypto presale.
Analysts predict that an investment of $2,000 in PCHAIN today could grow to an impressive $60,000 by mid-2025, highlighting the platform’s strong potential for delivering substantial returns to early adopters.
PCHAIN’s Crypto Presale: Why the Buzz?
PCHAIN’s ongoing presale is quickly becoming one of the most popular events in the crypto market. Many investors are rushing to participate in its presale to buy PCHAIN at its lowest-ever price.
Already, PCHAIN has sold over $1 million worth of tokens, showing high demand for its services. PCHAIN is currently in round one of this presale, selling at $0.004. By round two, PCHAIN’s value will surge to $0.011, resulting in a 208.17% gain for early investors.
By the end of its presale, PCHAIN’s value will jump to $0.032, meaning round one holders will earn 800% ROI. With Propichain set to change the real estate market, feel free and secure a spot in its presale.
For more information about the PropiChain Presale:
Solana was worth only around $60 in the previous year at this exact time, but its current momentum pushed it over $200 in just a few weeks since the BTC rally.
To be specific, SOL is up by 39% in the last thirty days alone and its low transaction fees and scalability seem to be the primary drivers.
With the holiday season just around the corner, we might see another rally in the market – especially if BTC continues its post-election trajectory.
There’s also a new project called PlutoChain ($PLUTO) that could draw whale attention with its hybrid Layer-2 blockchain. This project might be the missing piece for BTC’s network and could help it increase its functionality with added smart contracts.
Let’s check out the details.
Solana Puts a Target on the $1,000 Price – But Is It Possible?
One recent milestone for Solana is that it surpassed $100 billion in DEX trading within a single month. The record came in November 2024 and marked a 100% increase over the previous months’.
The altcoin went from merely an Ethereum competitor to nearly doubling Ethereum’s DEX trading volume of $55 billion during the same period.
Solana is now accepting payments from over 90 million merchants globally. Its impressive transaction speeds, low fees, and strong decentralized finance (DeFi) ecosystem might make it an ideal choice for additional partnerships.
Throughout this last year, the value locked in Solana’s network has multiplied 5x, now sitting at $8.8 billion. As of December 2024, SOL is trading at around $226, according to Coin Gecko.
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The ecosystem continues to expand at a high pace, and from a technical standpoint, the future looks bright.
Changelly analysts forecast Solana valued at $500 by the end of Q2 in 2025, but it would require a perfect storm of circumstances for it to cross $1,000 by the end of 2025. At the same time, analysts like Matthew Sigel believe SOL could reach $3,000 by 2030.
Based on this data, a $500 year-end price for Solana looks reasonable – but for $1,000, it will need a lot more help than just Bitcoin’s domino push.
PlutoChain ($PLUTO) Is a Hybrid Layer-2 Solution That Could Add More Functionalities to Bitcoin’s Ecosystem
PlutoChain ($PLUTO) could add more functionality to blockchain networks with a potential direct connection between Bitcoin and Ethereum.
Because it works as a hybrid Layer-2 solution, it has the potential to expand what blockchain technology can do and make it more efficient and user-friendly.
The project uses advanced tools to potentially speed up transactions and cut costs. These include systems like sidechains and blockchain rollups that process activity away from the main blockchain. This setup reduces the load on Bitcoin’s network and makes it faster and cheaper to use.
PlutoChain could also lower fees to potentially attract more early adopters and developers, especially during times when other networks, like Ethereum, experience fee spikes due to high demand.
Layer-2 solutions like PlutoChain could generally solve key problems in blockchain.
Firstly, they handle more transactions at once, reduce delays, and ensure smoother operations. These systems also save money by moving transactions to separate layers instead of the main blockchain.
For end users, this means faster payments at a lower cost. PlutoChain could also allow different blockchains to work together, so developers can create apps that tap into multiple systems without compatibility issues.
One feature that sets PlutoChain apart is its support for Ethereum-based applications. Developers can create apps for Ethereum while also getting benefits from Bitcoin’s security protocols. This could help Bitcoin take a larger role in decentralized finance (DeFi), an area where it has lagged behind other networks.
PlutoChain doesn’t just focus on performance – it also prioritizes security.
On top of this, PlutoChain gives its early adopters a voice. They can vote on major decisions, like new features or partnerships, so they can participate and shape the project’s direction.
Many outlets expect Solana to continue its rally – but a $1,000 might be a bit too ambitious right now.
At the same time, there are other projects like PlutoChain ($PLUTO) that could gain traction after the mainnet launch. With its hybrid Layer-2 blockchain, it could expand Bitcoin’s reach and case uses.
This project could also solve Bitcoin’s problems like high costs and limited compatibility, so it could become a useful tool for both everyday users and developers.
Visit the links below to learn more about PlutoChain and its unique features:
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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bulls may have seized the initiative, from the midterm point of view, according to CoinStats.
On the hourly chart, the price of BTC is going down after a false breakout of the local resistance of $98,159. If the drop continues, one can expect a test of the $96,000 zone by tomorrow.
From the midterm point of view, one should pay attention to the weekly bar’s closure in terms of the previous candle low. If it happens below $92,000, the drop may continue to the $88,000 zone.
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