Analysts are now eyeing a target of 1 and raising questions about whether it could catch up to heavyweights like DOGE and SHIB in market cap.

Is this the start of a serious rally, or just another spike in the meme coin market? To see what’s happening, we’ll analyze technical charts and data.

We’ll also take a look at PlutoChain ($PLUTO) – a new hybrid Layer-2 network that could be the missing link in helping Bitcoin activate its full potential and upgrade more functionalities. The presale of PlutoChain is attracting attention, with over 2 million tokens sold.

Let’s check out all the details below.

Granular Analysis of PEPE’s Technical Charts and Data – Is 1 Cent Possible in 2025?

PEPE is trading at approximately $0.00001739, with a 7.0% increase over the past 24 hours. Over the past week, the coin has appreciated a surge by 9.6%.

Notably, PEPE saw a major surge of 1,147.2% over the past year – which was mainly driven by external events in November after the Trump presidential win.

Currently, PEPE’s RSI is approaching overbought territory, which means there’s strong buying interest from everyday traders.

PEPE’s price is currently trading above both the 50-day and 200-day MAs, with a bullish trend. A crossover of the 50-day MA above the 200-day MA, known as a “golden cross,” could further validate this sentiment. Immediate resistance is at $0.00001877, with support around $0.00001723.

In November 2024, major cryptocurrency exchanges Robinhood and Coinbase announced the listing of PEPE on their platforms. This development contributed to a solid price surge, with PEPE rallying over 50% following the announcements.

Earlier in December 2024, PEPE’s market capitalization surpassed $11 billion, briefly overtaking Uniswap’s token (UNI) in crypto rankings.

DEFI OMEGA, a popular crypto analyst on Twitter, posted that $PEPE is currently on the brink of a breakout and that investors could see some major growth from the meme coin soon.

Is PlutoChain ($PLUTO) The Key to Advancing Bitcoin’s Network and Making It More Competitive in the Decentralized Finance Market?

PlutoChain ($PLUTO) could represent a significant advancement in Bitcoin’s blockchain by introducing a Layer-2 solution that may enable smart contract functionality and decentralized applications (dApps) on Bitcoin’s blockchain.

This development could address fundamental limitations while potentially preserving Bitcoin’s core security model.

While Bitcoin’s 10-minute block time has historically constrained its capability to support sophisticated applications, alternative blockchain platforms such as Ethereum, Solana, and Cardano have addressed these constraints by offering faster transactions and expanded development.

PlutoChain‘s Layer-2 architecture could bridge this technological gap.

With a block time of approximately 2 seconds, the protocol might enable smart contract deployment that leverages Bitcoin’s established security infrastructure.

The protocol’s testnet has reportedly demonstrated substantial throughput capacity, processing approximately 43,200 daily transactions. This could indicate the platform’s readiness for production deployment and real-world implementation.

The protocol implements community governance mechanisms, which could enable users to participate in network development decisions.

PlutoChain went through comprehensive security audits from established firms including SolidProof, QuillAudits, and Assure DeFi.

Another technical feature is PlutoChain’s Ethereum Virtual Machine (EVM) compatibility, which could enable the migration of Ethereum-based applications to Bitcoin’s ecosystem.

This interoperability might create a bridge between Ethereum’s robust development environment and Bitcoin’s security guarantees.

The Bottom Line

Ever since the major 40,000% rally, Pepe Coin has built a stellar reputation in the meme coin market and shares the throne with other giants like Dogecoin and Shiba Inu.

However, even with the recent updates, we probably won’t see any new bull rallies in the upcoming period – especially not ones in the 10,000% range.

Right now, it might be a better idea to pay attention to other projects.

One new project that could gain traction in the next few weeks is PlutoChain ($PLUTO), primarily due to its robust technology advancements.

Bitcoin’s historical positioning as primarily a store of value has traditionally limited its functionality in supporting sophisticated decentralized applications.

And PlutoChain’s technical approach could potentially reshape this narrative by enabling smart contract functionality on Bitcoin’s infrastructure. This might unlock previously unconsidered use cases for the leading digital asset.

Disclaimer: It’s important to note that participating in presales carries risks, including market volatility and potential project delays. Please conduct thorough research, understand the risks of market volatility, and seek professional advice before engaging with any blockchain project. Future-oriented statements are speculative and may not be modified.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.