XRP was one of the best performing crypto assets in 2024 – all thanks to positive developments in its legal case against SEC.
However, things could turn to even better as the SECs anti-crypto chief, Gary Gensler, resigned as Donald Trump assumed the office.
Now, the question on everyone’s mind is will SEC, under the new leadership, appeal the decision recently made by the court.
On the other side of the market, PlutoChain ($PLUTO), a new project built with Layer-2 technology that could fix Bitcoin’s lack of use cases.
Let’s see how
Is the New SEC Leadership Going to Change Its Stance Towards XRP?
Ripple price is at around $3.14 as of January 24, 2025, holding strong after a recent climb that brought it close to its all-time high of $3.40.
With a market cap of roughly $180 billion and daily trading volume near $12.91 billion, it’s clear there’s plenty of excitement around this token right now. However, with the RSI at 50, which indicates a more neutral momentum.
On the regulatory side, the SEC isn’t backing down. They’ve filed an appeal to overturn the 2023 court decision that ruled XRP wasn’t a security when sold to retail investors.
Their argument? They believe all XRP sales count as unregistered securities offerings. This has introduced a layer of uncertainty, but XRP holders aren’t fazed. Many are hopeful that the new administration and leadership changes at the SEC might take a more crypto-friendly approach.
Even with this legal back-and-forth, XRP is holding its ground. Investors are banking on a favorable outcome, which could boost confidence not just in XRP but in other digital assets too.
Meanwhile, Ripple’s global influence keeps growing. The organization has formal collaborative arrangements with over 200 financial organizations, which also include the likes of Bank of America.
They’ve been making an impact in cross-border payments, where part of their offering is a partnership with Clear Junction for smoother GBP and EUR payouts. Ripple, in fact, has a foothold in particular Middle Eastern and North African regions, now constituting about one-fifth of its overall user base on RippleNet.
In addition, Ripple is making efforts concerning Central Bank Digital Currencies (CBDCs). They’re taking part in trials with nations like Bhutan, Palau, and Montenegro, which are testing out these currencies as a way to improve financial access.
Otherwise, Ripple thumps very well when it comes to tussling with challenges as well as continuing to innovate and expand globally. For XRP holders, this development paints a very optimistic and exciting scene for the future: growing use cases boost legal optimism!
PlutoChain ($PLUTO) Could Supercharge Bitcoin with Next-Level Speed and Cross-Chain Innovation
Bitcoin is a giant in the crypto world, but let’s be honest—it has its share of issues. Network congestion, sluggish transaction times, and sky-high fees can make using it a headache, especially during peak periods.
A lot of this comes down to Bitcoin’s outdated design, which was never built to handle the kind of volume we see today.
That’s where PlutoChain ($PLUTO) comes in. This new project is positioning itself as the solution Bitcoin desperately needs. Using a hybrid Layer-2 setup, PlutoChain operates alongside Bitcoin’s main blockchain, easing the load to reduce fees, cut delays, and massively boost scalability.
One of Bitcoin’s biggest bottlenecks is its 10-minute block time—it’s painfully slow. PlutoChain’s tech aims to fix that by cutting block times down to just two seconds. But it’s not just about speed. PlutoChain wants to expand Bitcoin’s potential by introducing smart contracts and Ethereum Virtual Machine (EVM) compatibility.
This means developers could bring Ethereum-based projects over to Bitcoin with ease, opening the door to things like DeFi, NFTs, and even AI-powered applications. Imagine Bitcoin finally stepping into the modern era—it’s a game-changer.
During its testnet, PlutoChain showed it could handle 43,200 transactions per day without breaking a sweat. It’s built with security in mind too, passing audits from heavy hitters like SolidProof, QuillAudits, and Assure DeFi. That’s the kind of track record that gives people confidence.
What really sets PlutoChain apart is its focus on community. Unlike traditional setups, PlutoChain is fully community-driven.
The community gets to propose upgrades, vote on decisions, and really have a say in how things evolve. It’s a refreshing change from the usual top-down approach in crypto.
Wrapping Up
XRP has surged to $3.35, pushing through the uncertainty created by the SEC’s appeal.
Despite the ongoing legal battle, analysts expect significant price movements on the horizon. Confidence remains strong among investors who believe XRP still has room to grow.
At the same time, PlutoChain ($PLUTO) is turning heads as a project that could help Bitcoin overcome its biggest hurdles.
With lightning-fast 2-second block times and EVM compatibility, PlutoChain could fix Bitcoin’s slow transaction speeds and lack of scalability.
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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.
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