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/PlutoChain/ – XRP has jumped 14% in a single day thanks to optimism around a possible ETF approval and speculation that the SEC lawsuit against Ripple could be coming to an end. This surge has outpaced most major cryptocurrencies.
At the same time, PlutoChain ($PLUTO) is looking to reshape Bitcoin’s ecosystem with its Layer-2 solution. It has the potential to turn Bitcoin from just a store of value into a fully functional platform for everyday payments and dApps.
Here’s a closer look at what’s going on with both projects.
Can XRP Sustain This Rally or Is a Pullback Coming?
XRP surged from $2.42 to an intraday high of $2.76, which marks a 14% increase in just one day. One of the biggest reasons behind XRP’s rally is optimism around an XRP exchange-traded fund (ETF).
The U.S. Securities and Exchange Commission (SEC) recently acknowledged Grayscale’s ETF application, which could mean regulators are seriously considering the idea. While this doesn’t mean approval is guaranteed, it’s a step forward.
Furthermore, there’s more and more speculation that the SEC may be preparing to settle its lawsuit against Ripple. With regulators showing more openness to crypto-based financial products, many believe a resolution could happen soon.
As a result, trading activity has surged, with 431 million XRP moving between wallets shortly after the ETF filing acknowledgment.
Crypto Bully predicts that XRP could drop to $2.55-$2.60 due to strong resistance at $2.80, fading volume, and potential Bitcoin weakness.
PlutoChain ($PLUTO): The Hybrid Layer-2 Upgrade That Could Make Bitcoin Faster, Cheaper, and More Functional
Bitcoin may be the most well-known cryptocurrency, but it’s far from the most efficient. Bitcoin is slow for everyday payments — whether you’re sending small amounts, transferring money internationally, or making online purchases it can be frustrating.
PlutoChain ($PLUTO) offers a hybrid Layer-2 solution that could process transactions off-chain, ease congestion, and make Bitcoin much faster.
With two-second block times, PlutoChain could enable near-instant BTC payments and eliminate the long wait times that have held Bitcoin back from real-world use.
Beyond speed, PlutoChain could also tackle Bitcoin’s high transaction fees. Small payments on Bitcoin can sometimes cost more in fees than the transaction itself, which makes it impractical.
PlutoChain could significantly reduce these costs and make BTC transfers affordable for both individuals and businesses.
But, PlutoChain isn’t just about payments. With Ethereum Virtual Machine (EVM) compatibility, it could bring DeFi, NFTs, and smart contracts to Bitcoin, which could allow developers to build dApps directly on its network — something that wasn’t possible before.
In testing, PlutoChain handled over 43,200 transactions in a single day, which proves it can support high traffic. The platform prioritizes security, so it passed comprehensive audits by SolidProof, QuillAudits, and Assure DeFi, alongside regular code reviews and stress tests.
Unlike Bitcoin, where miners and developers control decisions, PlutoChain promotes decentralized governance and gives users the power to propose and vote on upgrades.
Final Thoughts
XRP’s recent surge shows that investors are drawn to established cryptocurrencies, especially as regulatory clarity improves. While XRP pushes for wider adoption, PlutoChain ($PLUTO) is focused on the next phase of blockchain evolution.
With its Layer-2 solution, PlutoChain could turn Bitcoin into more than just a digital asset and make it faster, cheaper, and more useful for everyday transactions.
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.
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