Why Solana, Ripple, and other Altcoins Are Emerging as the Best Altcoins for Crypto Whales

December 18, 2024
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4 min read

This Brand Press post is for informational purposes only and should not be interpreted as financial or investment guidance. Always ensure to carry out due diligence.

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Crypto whales recently bought over $380 million in XRP and drove its price up by 25%.

At the same time, Solana remains a developer favorite with its ability to handle 65,000 transactions per second.

Meanwhile, PlutoChain($PLUTO) could emerge as a strong contender with its innovative approach to blockchain technology.

PlutoChain might be interesting to watch in the coming weeks because it might expand Bitcoin’s utility in DeFi and more.

All of these have something working in their favor. Let’s check out the details!

PlutoChain ($PLUTO) — A Hybrid Layer-2 Breakthrough That May Enhance Bitcoin’s Network

PlutoChain’s ($PLUTO) innovative use of Layer-2 technology might improve Bitcoin's scalability and reduce transaction costs.

Bitcoin has struggled to keep up with the fast growth of the DeFi sector - but PlutoChain could change this. With compatibility with the Ethereum Virtual Machine (EVM), this project might allow Ethereum-based DeFi apps to run on the Bitcoin network smoother than ever, adding flexibility to Bitcoin's role in DeFi. 

By bridging multiple blockchains, it might offer a great solution for developers and users who’re looking for cross-network functionality.

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As the Bitcoin Layer 2 market keeps expanding daily, it may position itself as a key player by potentially boosting Bitcoin’s scalability and opening new opportunities for decentralized apps (dApps).

On top of that, users have the chance to join early and influence the platform’s development and governance while helping build a supportive community around it.

PlutoChain has completed security audits with SolidProof, QuillAudits, and Assure DeFi which serves as proof of the platform’s safety and reliability. The platform prioritizes security by regularly checking its infrastructure and smart contracts - it’s making sure to keep users safe and free of vulnerabilities.

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Solana’s (SOL) Charm— Why Crypto Whales Are Investing?

Solana remains a strong performer in the market - and always a popular choice for decentralized finance (DeFi), NFTs, and gaming applications because of its fast transaction speeds and low fees. 

According to CoinGecko, its price currently stands at nearly $225 with a market cap of $106 billion - but even though it has dropped a little, it’s still over 230% up from the past December.

Not only are whales investing, but it also continues to be a go-to platform for developers looking for scalability and cost-efficiency.

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The increasing institutional interest in Solana is also an important factor powering the hype.

For example, Franklin Templeton has launched products on the Solana blockchain, which demonstrates confidence in its infrastructure. This institutional backing strengthens Solana’s credibility and broadens its appeal to large investors.

To further emphasize Solana's growing influence, Tether (USDT) has moved a portion of its stablecoin operations to the Solana blockchain.

Additionally, Chainlink, a leading provider of decentralized oracles, has integrated with Solana, enabling smart contracts on the platform to access real-world data.

These partnerships reflect Solana’s expanding adoption and its increasing relevance across all kinds of sectors of the market.

XRP’s Big Year Ahead – A Payment Leader in 2025

Ripple’s famous token, XRP, has recently surpassed Solana in market cap. It’s currently at an impressive $138 billion, and its price stands at $2.42.

This marks a remarkable surge of over 250% in just one month, and XRP’s fast and low-cost international payment capabilities are the driving force behind this increased demand.

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These cost-effective cross-border transactions make XRP a popular choice for global financial institutions. 

Ripple has built strong relationships with major banks such as Santander and PNC, which strengthens XRP's position in the global financial system.

As Central Bank Digital Currencies (CBDCs) become more important, XRP is seen as a potential leader in changing global payments.

In fact, XRP’s scalability and security features through the XRP Ledger attract developers who want to build decentralized applications (dApps).

Despite the ongoing SEC lawsuit, many investors remain confident in XRP's long-term potential, especially after the ongoing events.

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The Takeaway

Ripple and Solana are considered to be among the best contenders with strong market positions right now.

On the other hand, PlutoChain($PLUTO) might be worth the attention with its focus on Layer-2 technology, low transaction fees, and impressive safety measures.

As the launch of its mainnet draws closer, it may have the potential to stand out - especially now with BTC trading above the historic $100k milestone.

With these features, PlutoChain could be a name to watch in the coming weeks.

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.

This Brand Press post is for informational purposes only and should not be interpreted as financial or investment guidance. Always ensure to carry out due diligence.

About Brand Press: This is a sponsored content service, enabling brands to directly engage with our technology-focused audience. Please note that Brand Press content is created independently of Techpoint Africa's editorial team.

Interested in reaching our dynamic readership? Connect with us at business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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