The post Solana, Toncoin, and XRP Hitting New Targets After Trump’s Victory – But Could PlutoChain Enter the Arena as well? appeared on BitcoinEthereumNews.com.

With its promise to bring smart contracts to Bitcoin using a layer-2 blockchain, it will be interesting to see whether $PLUTO can join the ranks of these established altcoins. This week, XRP is holding steady near $1.10, while Solana and Toncoin are still going through ups and downs, trying to hold onto last week’s gains. There’s also a new name in the presale space that could be interesting to watch – PlutoChain ($PLUTO). Let’s go through the details. Solana (SOL) – Ready to Rally or Stuck in Place? Solana (SOL) is currently trading around $215 per CoinGecko, which is promising considering that it finally broke the long-awaited $204 support level. Breaking out of a nine-month parallel channel, Solana seems to be ready for a more bullish momentum, but is it realistic? Analyst C. Gupta believes this consolidation could set SOL up for a potential 25% gain, eyeing the $260 mark in the near future. What’s keeping Solana in the spotlight is its Proof-of-History (PoH) mechanism that speeds up transactions while keeping costs low, making it a good choice for crypto whales. This powers it DeFi and NFT ecosystems and strengthens its case as a network built to scale. Toncoin (TON) – Daily Transactions and Active Wallets Are at an ATH and There’s Still Room for Growth Toncoin (TON) is turning heads after a 14% jump, now trading at $5.67. It recently bounced off strong support at $4.6 and broke out of a descending channel. With the 200-day EMA resistance at $5.47 in sight,analysts say a close above this level could pave the way for a push to $6.05. On-chain data supports this outlook. Daily transactions and active wallets have hit their highest levels since October, and the Relative Strength Index (RSI) suggests there’s still room for growth before hitting overbought territory.…

---

Filed under: News - @ November 17, 2024 2:21 pm