The post  Best Projects To Buy Now: Analyst Predictions for PlutoChain, Chainlink, Ripple, and Solana in 2024 appeared on BitcoinEthereumNews.com.

Today, the crypto market is worth over $3.2 trillion, and this bull cycle is just getting started. At its peak, the cumulative cryptocurrency market cap could exceed $5 trillion, which means most projects might rise by an average of 56%.  Among thousands of altcoins, analysts outline LINK, XRP, and SOL as strong contenders to outperform the market.  Meanwhile, the new Layer-2 project PlutoChain (PLUTO) has the potential to revive the Bitcoin ecosystem through the introduction of smart contracts and Ethereum interoperability. PlutoChain is making headlines in its presale, already achieving sales of more than 2 million tokens. Let’s explore analyst predictions.  PlutoChain (PLUTO) May Expand Bitcoin’s Use Cases and Accelerate Transaction Speeds With Its Layer-2 Solution  PlutoChain (PLUTO) is an innovative Layer-2 network that aims to enable smart contract functionality on Bitcoin. This upgrade could allow developers to create native applications directly on the most widely recognized blockchain and open up entirely new possibilities for users. PlutoChain’s EVM compatibility is another unique advantage that allows project teams to seamlessly transfer apps between the Bitcoin and Ethereum networks. On top of its limited utility, Bitcoin’s slow processing speed and high transaction fees make it poorly suitable for frequent transactions and complex decentralized finance applications. To put that into perspective, the network’s current block time averages 10 minutes. PlutoChain aims to reduce processing times to just a few seconds by offloading transactions to its proprietary chain. Its testnet currently handles 10% of Bitcoin’s mainnet daily transactions and could potentially process even more in the future. PlutoChain prioritizes community involvement and transparency in its governance model. Early supporters can shape the project’s future by voting on crucial development proposals. PlutoChain’s decentralized approach ensures that everyone’s voice is heard. As part of its commitment to security, PlutoChain passed audits by Assure DeFi, SolidProof, and…

---

Filed under: News - @ December 22, 2024 4:22 pm