Is a Christmas Rally on the Way? PlutoChain Expands Influence – As Ripple (XRP), Cardano (ADA), and Solana (SOL) Predictions Soar

The holiday season isn’t just bringing cheer—with Ripple (XRP), Cardano (ADA), and Solana (SOL) showing promising price predictions, all eyes are on the charts.

Ripple’s recent launch of the RLUSD stablecoin, has attracted regulatory approval from the New York Department of Financial Services.

Cardano is trending in the GameFi sector with initiatives like the Hydra Doom Tournament, a global online gaming event featuring a $100,000 prize pool.

Solana continues to attract institutional interest, with Grayscale filing to convert its Solana Trust into a spot ETF.

There’s also PlutoChain ($PLUTO) – a new and robust Layer-2 technology platform that could activate BTC’s full potential in the next few weeks by adding smart contracts to its secure network.

Let’s check out all the details below.

PlutoChain ($PLUTO) – The First Hybrid Layer-2 Network to Potentially Optimize Bitcoin’s Network and Add Smart Contracts for Upgraded Functionality

PlutoChain ($PLUTO) is stepping into the space as a Layer-2 solution that could tackle some of Bitcoin’s biggest challenges in a new way.

Bitcoin has long been the foundation of blockchain, known for its security and dominance. However, it still struggles with issues like high transaction costs, slow speeds, and network congestion.

PlutoChain may provide a potential fix for these problems.

One of its key ideas is slashing block times. Instead of Bitcoin’s 10-minute intervals, PlutoChain’s Layer-2 network could process block times as short as 2 seconds. This could pave the way for developers to build faster, smoother applications while still taking advantage of Bitcoin’s secure network.

With Ethereum Virtual Machine (EVM) compatibility, it could make transferring projects from Ethereum to Bitcoin much simpler.

And on the scalability front, PlutoChain handles over 43,200 transactions per day.

Decentralization is another focus for the platform. PlutoChain wants to involve its early users in key decisions, from proposing upgrades to voting on new features.

Through its Discord channel, users are encouraged to participate, share ideas, and influence the platform’s direction.

PlutoChain has undergone audits from respected firms like SolidProof, QuillAudits, and Assure DeFi, which only adds an extra layer of credibility.

Ripple (XRP) – New Stable Coin Updates Could Help Push It to $3 in the Christmas Rally

Ripple’s XRP is trading at $2.2, marking a 4% increase from the previous close.

Technical indicators present a mixed outlook. The Relative Strength Index (RSI) is at 43.13, which suggests a neutral to slightly bearish sentiment.

Moving averages, particularly the 50-day and 200-day, are currently above the trading price. Key resistance levels at $2.40 and $2.90, with support around $2.00.

JackTheRippler, a crypto analyst on Twitter, believes that even the $10 target is possible for XRP in the upcoming period.

Cardano (ADA) – Major Bull Movements Observed Since September with Potential to Continue the Surge

Cardano (ADA) saw some notable price movements recently, with its value increasing by approximately 157% over the past month, reaching a peak of $1.20.

Technical analysis indicates that ADA is currently consolidating within a range of $1.07 to $1.14 and preparing for a potential breakout.

The Relative Strength Index (RSI) stands at 52, which shows a neutral position with room for upward movement. Analysts have identified key resistance levels at $1.14 and $1.63, with support around $1.07.

A significant increase in whale activity has been observed, with transactions exceeding $80 million recorded within a 48-hour period.

Solana (SOL) – December’s Price Action May Bring the $200 Target Back

Technical analysis shows that SOL has formed a classic cup-and-handle pattern, which has historically been a strong bullish signal.

The current breakout could drive prices toward higher targets, with short-term goals set between $200 and $280. 

The Relative Strength Index (RSI) has dipped to 26, well below its neutral level of 50.

CoinCodex analysts suggest that a daily close above $235 could propel SOL toward the $400 level, representing a potential 70% increase.

On Twitter, VanEck predicted that Solana could even exceed $500 in 2025 after the Christmas rally.

The Bottom Line

Ripple (XRP), Solana (SOL), and Cardano (ADA) have always been among the top-ranking altcoins by market cap and it seems this season could bring another rally.

However, there’s a new Layer-2 project, PlutoChain, which could also gain a lot of traction in the upcoming weeks as it prepares for its potential mainnet launch.

With the potential to expand BTC’s functionality from simply being a store of value with L2 technology and smart contracts, this project could be worth keeping an eye on during the Christmas rally.

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This article do not offer financial advice. Cryptocurrencies can be unpredictable and carry risks. It is important to conduct thorough research before acquiring any crypto asset. Forward-looking statements carry risks and are not guaranteed to be updated.