Crypto Bull Run Trends: Big Whales Rush to Ripple (XRP), Kaspa (KAS), Solana (SOL), Cardano (ADA), and PlutoChain During Altseason
Andre Martin | Last Updated : December 26, 2024Everything is set for another bull run in the cryptocurrency market, and everyone wants to know which projects have the best chance of making money this season.
People are talking about XRP’s bigger role in global banking after Ripple released RLUSD, a stablecoin that is fully backed by the dollar.
People are also interested in Kaspa (KAS) because of its BlockDAG technology, which makes transfers fast and scalable.
People are also talking about Solana because it works with Visa’s payment system and lets stablecoins settle directly.
Cardano, which is known for taking a careful, research-based method, gave investors a huge 1,622% return over nine months, which sparked a lot of interest.
Then there’s PlutoChain ($PLUTO), an interesting project that might open up new ways for the network to work and help smart contracts work with Bitcoin.
Let’s get into the specifics.
A list of altcoins that might do well during the next bull market in 2025
These are the projects this piece will talk about:
PlutoChain ($PLUTO) is a cutting-edge Layer-2 solution that could make Bitcoin smarter by adding smart contracts and making it more useful.
The Ripple (XRP): XRP whales bought $2.17 billion worth of tokens, which could mean a Ripple rally.
Kaspa (KAS): BlockDAG technology makes transactions fast and scalable.
Solana (SOL) is teaming up with Visa to allow for direct cryptocurrency settlements.
Cardano (ADA) is a blockchain that is based on research and has returned 1,622% in nine months. An in-depth look at the altcoins that could do well in the next bull market in 2025.
Finally, let’s look at each of these on its own:
PlutoChain ($PLUTO) is a cutting-edge Layer-2 solution that could make Bitcoin smarter by adding smart contracts and making it more useful.
PlutoChain ($PLUTO) is a project that might offer a cutting edge new way to fix some of Bitcoin’s long-standing problems.
Bitcoin is famous for being the safest and most popular cryptocurrency, but it still has issues like high fees, slow transfers, and a lot of people using it at once.
PlutoChain wants to solve these problems by making block times faster. On its network, they will be only 2 seconds instead of 10 minutes like they are on Bitcoin. This might let devs make apps that work faster and better while still using Bitcoin’s strong security.
Interoperability is another thing that PlutoChain works to improve. It might be easy for devs to move their projects from Ethereum to Bitcoin if it works with the Ethereum Virtual Machine (EVM).
PlutoChain says it can handle more than 43,200 deals every day, which could help avoid traffic jams during busy times.
One more important part of this project is decentralization and locally run government. Early users can help shape the platform by deciding on features and upgrades. The platform’s Discord channel is where people can talk about these issues.
PlutoChain has passed audits by SolidProof, QuillAudits, and Assure DeFi to build trust. This makes it seem like a safer and more trustworthy option.
XRP whales bought $2.17 billion worth of tokens, which could mean a possible Santiment research shows that whales have been very active on Ripple Rally XRP, with $2.17 billion worth of tokens being collected over three days.
The price of XRP is $2.14, and it has a key resistance level at $2.25 and a support level around $2.20.
If the price goes above $2.25, technical analysis shows a falling triangle pattern that points to a breakout.
But the falling RSI shows that buying pressure is weakening.
Analyst Michael van de Poppe thinks that XRP could make a lot of money if it can break through the $2.25 resistance level. However, he says that the current lack of confidence in the market could lead to short-term volatility.
Kaspa (KAS): BlockDAG technology makes transactions fast and scalable.
People are interested in Kaspa (KAS) because of its BlockDAG technology. Compared to traditional blockchains like Bitcoin, BlockDAG operations are faster and can be scaled up more easily.
Trading at about $0.12, KAS has been strong, keeping support at $0.11 even as the market has changed.
They think the price could go up to $0.136 by December 25, 2024. The levels of support are $0.115 and $0.110, and the level of resistance is $0.125.
Analysts at StealthEX have made positive predictions about KAS. They think that by 2025, the coin could be worth as much as $0.75. This means that its value could rise significantly as more people use BlockDAG technology.
Solana (SOL) is teaming up with Visa to allow for direct cryptocurrency settlements.
Recently, there was a big drop in the price of Solana (SOL). It fell below $200 and hit an intraday low of $176.85.
At the moment, SOL is trading at $183.18. Its ceiling is around $201.82, and its support is close to $178.04.
The Relative Strength Index (RSI) is at 26, which means that prices are going down. Technical analysis shows that SOL is moving in a parallel channel that is falling. The 200-period Exponential Moving Average (EMA) on the 4-hour chart, which is currently near $223, could act as resistance near $235, and it could also act as support.
Analyst Inmortal thinks that SOL could hit $500, which shows that there is a lot of room for growth.
Cardano (ADA) is a blockchain based on research that has gone up 1,622% in nine months.
Cardano (ADA) has recently gone through a big jump, and in the last nine months it has gained 1,622%.
ADA is trading at $0.8638 right now. It has run into resistance around $1.30 and is getting close to important support at $0.8119.
With the Relative Strength Index (RSI) at 36.22, which means negative momentum, technical analysis shows that the price is going down. On the 4-hour chart, the 200-period Exponential Moving Average (EMA) near $1.0755 acts as support.
Benjamin Cowen said that Cardano (ADA) might go down in value in the near future and warned buyers to be careful.
In Short
Some projects that are getting a lot of attention are Ripple (XRP), Kaspa (KAS), Solana (SOL), and Cardano (ADA). The crypto market is getting hot.
But PlutoChain ($PLUTO), which offers a Layer-2 option that could add smart contracts to Bitcoin and open up a lot of new possibilities, could be the most exciting new thing.
The possible start of the mainnet is coming up in just a few weeks, and the project could get a lot of attention when it does.
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