Market volatility prompts investors to reassess their altcoin portfolios. Specific tokens face significant value drop due to market conditions. Continue Reading: Investors Reassess Altcoins Due to Market Volatility The post Investors Reassess Altcoins Due to Market Volatility appeared first on COINTURK NEWS .
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XRP Price Prediction: Here’s Why XRP Price is Outperforming the Broader Market While PlutoChain Could Get More Attention as Well
XRP is back in the game after the DeepSeek sell-off earlier this week. While most cryptos have only recovered slightly, XRP is coming back with solid gains, outperforming the rest of the market. That kind of comeback makes you wonder – what’s behind the sudden surge? At the same time, the Pluto Chain ($PLUTO) project could draw attention for its potential to improve Bitcoin’s capabilities. It’s introducing a hybrid Layer-2 blockchain designed to make Bitcoin transactions faster, cheaper, and boost its scalability. Let’s check out the details. Can We See XRP Price Hit the $8 Mark? XRP’s recent surge seems tied to Ripple’s latest moves. On Monday, the company announced it had secured Money Transmitter Licenses in New York and Texas—two states with some of the toughest regulations in the country. Ripple is pushing to expand in the U.S., taking advantage of a more favorable regulatory climate under the Trump administration. With these licenses, the company can now offer banks in the region real-time global payment services, using XRP Ledger technology and XRP for liquidity. In an X post, Mikybull Crypto predicted that the XRP price could rip through $8 before a cycle top because of the current bullish basics. Although the analyst didn’t elaborate on these basics, they likely revolve around Donald Trump’s pro-crypto administration. PlutoChain ($PLUTO) Is a Layer-2 Solution That Could Upgrade Bitcoin Into a Fast and Scalable Powerhouse Bitcoin changed the sphere forever, but it has its flaws. Slow transactions, high fees, and network traffic are its famous problems. Bitcoin also struggles with energy efficiency and relies on a resource-heavy proof-of-work system – and PlutoChain ($PLUTO) is trying to fix that. By launching a hybrid Layer-2 solution, PlutoChain could build a parallel network on top of Bitcoin’s blockchain easing congestion and lower fees. It also offers block time of just 2 seconds compared to Bitcoin’s standard 10 minute block time. It could also improve Bitcoin’s energy efficiency by reducing the computing power needed for transactions. Beyond scalability, PlutoChain adds EVM compatibility , letting developers bring Ethereum-based projects to Bitcoin. This could expand Bitcoin’s use in DeFi, NFTs, and AI-powered apps—areas where it has lacked before. Another big issue is Bitcoin’s complexity. Many users and developers find it too technical and hard to navigate. PlutoChain could change that with tools that make development and interaction much simpler. During its testnet phase, it proved its scalability by handling 43,200 transactions per day without delays. Security is also a priority – and the project has passed strict audits by SolidProof , QuillAudits , and Assure DeFi . Regular code reviews, stress tests, and compliance with global regulations might keep its infrastructure strong. PlutoChain is also built on a system where decisions about a project, network, or organization are made by the community instead of a central authority. Final Thoughts XRP is back in the game after the DeepSeek sell-off earlier this week. While most cryptos have only recovered slightly, XRP is coming back with solid gains, outperforming the rest of the market. At the same time, PlutoChain ($PLUTO) might be interesting to watch as a new project that might bridge Bitcoin and Ethereum, and bring interesting applications to the network. While integrating Ethereum’s EVM compatibility with Bitcoin’s famous security, PlutoChain might bring smart contracts, NFTs, and more. ——————- This article is not financial advice. Cryptocurrencies and meme coins are volatile and risky. Do your own research before buying any cryptocurrencies and meme coins. All forward-looking statements include uncertainties and may not be revisited. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . CoinTurk News
CARDANO PRICE ANALYSIS & PREDICTION (February 1) – ADA May Experience Broad Correction if This Support Cracks
Unlike many mid-cap altcoins, Cardano’s ADA is still within a buying range despite posting notable losses in the past weeks. It now trades near a crucial support, where the next market phase will be determined. ADA’s market structure remains weak due to a steady reduction in the past months. This suggests a strong bearish presence while undergoing a deep correction daily. Still, its mid-term bullish trajectory remains intact. However, the crucial $0.8 level has been standing as support since it initiated drops two months ago. Technically, things are likely to get uglier soon following the new sell order building up from the $1 level. As we can see on the daily chart, ADA has been gathering volatility for almost two weeks, subjecting trading to choppy price actions. Due to this, we may see a crash. The key target level to watch would be $0.4. Currently, the selling pressure is low due to a lack of interest from the bears’ side but we can anticipate a major move when they show strong commitment. That should trigger a heavy supply in the market. The only condition for a bullish move right now lies in a rebound. If the mentioned crucial level continues to provide support, we can consider an upward movement with a double-bottom pattern. As it stands, the bears are most likely to have an upper hand in the near term. ADA’s Key Levels to Watch Source: Tradingview Breaking down the holding $0.86 support could cause a serious sell-off to $0.765 and $0.65 before reaching the mentioned key target level. If ADA continues to hold the mentioned level well, we may see a bounce back to $0.988. Retaking January’s $1.152 high should send us to the $1.32 resistance with a potential break up to $1.5. Key Resistance Levels: $0.988, $1.152, $1.32 Key Support Levels: $0.86, $0.765, $0.69 Price: $0.93 Trend: Bearish Volatility: Moderate Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: angrysun/ 123RF // Image Effects by Colorcinch CoinTurk News