Elliot Wave theory analysis shows that XRP could reach double digits by 2026, which appears realistic given the current price action. Meanwhile, SOL and SHIB would take longer to reach their targets of $1,000 and $0.01, but we already see positive ecosystem developments that may prolong the bull run.
Among new projects with strong growth potential, PlutoChain (PLUTO) is capturing the attention of the crypto community due to its utility. It introduces a Layer-2 solution for Bitcoin that could capitalize on a multi-trillion-dollar market and resolve the network’s scalability issues.
Can XRP Hit $28 by 2030?
The XRP price forms a triangle pattern. After a correction following a test of the $3.84 ATH, the price could surge above $10 and potentially reach $28 in the next market cycle. This would bring XRP’s market cap to $2.8 trillion.
Moving averages confirm the bullish trend both for the short and long term, while the RSI suggests XRP is slightly overbought and may be due for a correction. The high ADX (Average Directional Index) indicates the uptrend is strong, so after a minor pullback, XRP is likely to see a further price increase.
Naturally, fundamentals also come into the picture. Ripple’s recent legal victory and strategic partnerships with financial institutions and crypto projects like Cardano increase XRP’s chances for sustained growth.
Community Initiatives Could Help SHIB Reach $0.01
Meme coins were on fire at the beginning of November, and SHIB isn’t an exception. However, SHIB price consolidated at the $0.000025-$0.000027 level this week as it failed to break above the $0.000028 resistance zone.
Stochastic oscillators and the Williams %R value indicate SHIB is oversold, so a soon bullish reversal is likely. Overall, technical indicators show a slow upward momentum, so SHIB could hit $0.000059 in December.
A breakthrough to $0.01 would require a combination of a broader bull market and serious ecosystem updates.
Among Shiba Inu’s recent developments are a new NFT collection SHEboshis, Shibarium testnet Puppynet, and Shibdentity digital ID service. If Shib DAO remains equally active throughout the years, SHIB may reach the target by 2030.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Solana Actions: A Game-Changer for SOL?
SOL price has been steadily growing throughout November and now stands just 3.84% below its ATH of $263.83. A potential pullback is likely based on the oscillator and RSI analysis, but a relatively high ADX gives hope for further price appreciation.
Still, SOL’s technical indicators are nowhere as promising as XRP’s. Solana Actions is the main development that sparks community interest right now and could benefit SOL in 2025. Integration of blockchain transactions into familiar platforms may drive mass adoption of the Solana network and increase demand for its native token, helping it reach $1,000 by 2029.
PlutoChain Brings Ethereum dApps to Bitcoin
SHIB and SOL aren’t yet past their prime, but PlutoChain could be more interesting to watch for those interested in projects that could generate significant buzz.
PlutoChain's Layer-2 solution brings scalability and smart contract functionality to Bitcoin, allowing developers to build dApps on the world's first blockchain. SolidProof audited PlutoChain’s smart contracts and identified no critical vulnerabilities, which means the project is reliable.
Additionally, its compatibility with the Ethereum Virtual Machine (EVM) allows for the migration of existing Ethereum-based dApps to Bitcoin. This means Bitcoin could evolve from merely a store of value to a fully-fledged ecosystem hosting dApps, NFTs, and DeFi platforms, with PlutoChain at its backbone.
With solid utility and community-driven governance, this project could emerge as a notable contender in the BTCFi sector and attract the attention of the crypto community.
Early adopters can now secure their PLUTO tokens at a lower entry price of $0.105 and get access to vote on important decisions regarding this project’s future.
Final Remarks
Established projects like XRP, SHIB, and SOL compete for dominance by regularly introducing new features and community initiatives. Meanwhile, PlutoChain targets an untapped sector within Bitcoin’s ecosystem, which potentially positions it for exponential growth.
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.
