XRP broke through the $1.43 resistance zone and hit its yearly high of $1.61, up 11.27% within a day and 55.09% within a week. Despite strong momentum, the overbought RSI indicates that a short-term pullback or consolidation is likely. This potential correction could provide a buying opportunity before the next leg higher.
SHIB saw an 8.55% 24-hour increase, now trading at $0.00002707. Analysts note that SHIB’s current price pattern resembles DOGE’s, which means it may surge by over 1,700% in the upcoming months.
While XRP and SHIB have shown solid performance this year, both have a long way to go before they reach their former ATHs. On the other hand, a new project like PlutoChain (PLUTO) that introduces actionable solutions to Bitcoin’s limitations could be interesting to watch.
XRP’s Future Brighter Than Ever
XRP had a tough few years. However, the future looks bright as Gensler announced he’d step down from the SEC Chair position and Ripple is actively forging global partnerships, including a potential collaboration with Cardano. Two days since rumors spread about Ripple and Cardano collab, ADA grew by 42% and XRP by 44%.
XRP’s exponential moving averages indicate a strong bullish trend both for the short and long term. Although the RSI and Stochastic oscillators show that XRP is overbought, the ADX (Average Directional Index) and MACD (Moving Average Convergence Divergence) suggest the upward movement will continue.
All in all, XRP’s high volatility in this case is more likely to cause rapid price appreciation than reversal. Given the current pace, XRP could hit $5 by mid-2025, a 210% increase from the current price.
Can SHIB Reach $0.01? A Realistic Look
It’s true that DOGE’s performance sets the tone for other meme coins, particularly those in the top 10 like SHIB and WIF. That’s good news for SHIB because DOGE surged by 240% this month and over 500% year-to-date.
SHIB’s increase was more modest, but the ecosystem’s numerous developments, including Doggy DAO and SHI stablecoin, could drive price action.
Short and long-term moving averages show a strong bullish trend, supported by a relatively low RSI and Commodity Channel Index (CCI). SHIB now experiences a weak buying pressure but the sentiment is bullish nonetheless, which means its growth may be slow but steady.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
With this in mind, SHIB has the potential to reach $0.000059 in early December. Positive ecosystem updates could help SHIB hit $0.00049 by the end of 2025, but a surge to $0.01 would require a sustained bull run across the entire meme coin sector.
PlutoChain Brings Smart Contracts to Bitcoin
PlutoChain’s Layer-2 solution for Bitcoin has two key benefits: scalability and smart contract programmability. This means developers can build dApps and launch NFTs and new tokens on top of Bitcoin, while users benefit from lower gas fees and faster speeds.
PlutoChain also allows developers to migrate existing Ethereum-based dApps to Bitcoin through compatibility with the EVM (Ethereum Virtual Machine).
Other EVM-compatible Bitcoin solutions exist, but PlutoChain's early-stage status and relatively low market capitalization makes it an interesting project to watch.
Besides, PLUTO holders get a say in the project’s development. Transparent governance model builds trust and loyalty within the community and ensures the project’s direction aligns with the common vision.
Bitcoin’s DeFi sector is still young and underdeveloped. Ethereum now dominates the niche, but Bitcoin’s multi-trillion-dollar market cap and security make it a compelling alternative.
PlutoChain taps into this nascent niche and potentially positions itself as a pioneer in the Bitcoin DeFi ecosystem.
Closing Remarks
In early 2024, XRP’s resurgence seemed unlikely, but last month proved there’s still hope for the token. With current momentum, XRP could reach a new ATH of $5 in the foreseeable future.
Meanwhile, SHIB would need a combination of innovative developments, positive community sentiment, and favorable market conditions to reach the $0.01 target, despite its remarkable growth in Q2 2024.
Among early-stage projects, PlutoChain has the strongest utility. Two days remain until the presale moves to the next stage, so the current price is the lowest possible entry point into the community.
Visit PlutoChain’s website and social channels to learn more about its vision and features:
Official Website: https://plutochain.io
X/Twitter Page: https://x.com/plutochain/
Telegram Channel: https://t.me/PlutoChainAnnouncements/
This article is not financial advice. Past results are not indicative of future returns, and the crypto market is inherently unpredictable. Readers must conduct their own thorough research before purchasing any crypto coin or token. These forward-looking statements are subject to risks and may remain unchanged.
