CoinGecko Listing Sends $PEPE Price Soaring – Could This Layer-2 Blockchain Token be Next?

The recent listings of $PEPE on Coinbase and CoinGecko have triggered a massive price spike. 

When Paul Grewal, Coinbase’s Chief Legal Officer, shared the news, the buzz among $PEPE supporters skyrocketed. 

But this excitement isn’t just limited to $PEPE. 

The listings have stirred up speculation across the market and investors are now on the hunt for the next potential breakout token. 

Projects like PlutoChain ($PLUTO), among other Layer-2 solutions, are catching the eye of the community. 

Can $PEPE Keep The Momentum Going and Reach New Highs?

$PEPE’s success also comes in the middle of an overall positive momentum in the crypto market, which is primarily caused by Bitcoin’s recent rally.

According to CoinGecko, the meme coin went up by an impressive 43% to reach a fresh all-time high of $0.00001896.

$PEPE is currently one of the best-performing meme coins, just behind Peanut the Squirrel ($PNUT), which saw a 238% increase. 

This shows how much a high-profile listing can impact a token’s price, especially one backed by a strong community.

With meme coins now collectively worth over $100 billion, investors are eyeing the next potential big mover. 

But it’s not just meme coins in the spotlight. The focus is also shifting to Layer-2 blockchain tokens, which stand out for their practical benefits, such as faster transactions and lower fees on major blockchains.

Layer-2 tokens, which help scale blockchain networks more efficiently, are gaining momentum and are on the radar of investors hoping for another listing-fueled price jump. 

One coin that could be particularly interesting is PlutoChain ($PLUTO – below, we’ll see why this is the case. 

PlutoChain ($PLUTO) Brings Smart Contracts to Bitcoin with a Hybrid Layer-2 Solution – Key Details for Investors

Bitcoin may be the biggest name in crypto, but it missed out on the DeFi boom.

PlutoChain ($PLUTO) is looking to change that as the first hybrid Layer-2 solution built to bring smart contracts and decentralized applications directly onto Bitcoin. 

With PlutoChain, Bitcoin’s solid security and reliability are combined with the flexibility to support DeFi, NFTs, AI, and even Metaverse applications.

$PLUTO, PlutoChain’s native currency, is currently in presale at $0.102, giving early investors a chance to buy in before the next presale phase increases the price. 

PlutoChain is focused on low transaction fees and fast processing, making scalable blockchain solutions accessible on Bitcoin’s network. 

This timing seems ideal, as developers and investors look for ways to expand Bitcoin’s use cases beyond simple transactions. 

By reducing the need for networks like Ethereum, Solana, and Cardano, PlutoChain may build a unique ecosystem within Bitcoin itself.

A similar Bitcoin Layer-2 project, CORE, is valued at $2 billion, while PlutoChain’s presale is based on a $30 million market cap.

Another big feature of PlutoChain is its compatibility with the Ethereum Virtual Machine (EVM), which will allow developers to easily migrate Ethereum-based DeFi apps to Bitcoin. 

This feature could build a bridge between Ethereum and Bitcoin. It brings Ethereum-level functionality to Bitcoin and opens the door to a Bitcoin-based DeFi sector. 

Bitcoin’s DeFi market is still small, with only 0.13% of its $1.5 trillion market cap in total value locked (TVL), compared to Ethereum’s 10%. PlutoChain’s model could bring more attention to Bitcoin’s DeFi space.

Security First – PlutoChain’s SolidProof Audit

Security is a big deal for PlutoChain. The project has completed a thorough audit with SolidProof to make sure assets are safe and to catch any issues early. 

Regular audits and close monitoring of its smart contracts mean PlutoChain is always on top of security, keeping investors’ assets safe.

With strong encryption and privacy features added, PlutoChain provides secure transactions, which is a big plus in a world full of crypto scams and breaches. 

For investors, PlutoChain’s commitment to security is a reassuring feature.

The Bottom Line – PlutoChain ($PLUTO) Could Be Set for Long-Term Success

With its unique Layer-2 technology, low transaction fees, and strong security focus, PlutoChain ($PLUTO) is stepping into the market at just the right time. 

As DeFi on Bitcoin picks up speed, PlutoChain’s hybrid model could stand out as an innovative and scalable choice. For those who want to learn more, PlutoChain’s whitepaper dives deeper into the details, and the $PLUTO community is active on Twitter, Telegram, and Discord, offering regular updates and a space to connect with others.