Pepe Coin (PEPE) soared over 100% in November 2024 and reached an all-time high of $0.000027. Now the question on everyone’s mind is whether the amount can reach 1 cent.
But the recent success of PEPE is not only due to price developments. Major exchanges like Binance.US and Coinbase have added the coin to their platforms, while new DeFi features such as staking give it more practical uses.
Combined with its passionate meme community, PEPE has become the third largest meme coin.
Meanwhile, PlutoChain ($PLUTO) emerges as an innovative solution with a plan to revolutionize Bitcoin using Layer-2 technology that could make transactions faster and cheaper.
Let’s take a closer look at these developments.
Can Pepe Coin reach 1 cent? Analysts weigh in on Pepe’s future
In November 2024, the PEPE price jumped by more than 100%, reflecting renewed investor interest and market momentum.
In December, it reached a new all-time high of $0.000027, making it the third largest coin by market capitalization.
Major cryptocurrency exchanges have played a significant role in this growth. Platforms like Binance.US and Coinbase added PEPE to their listings, making it easier for more people to trade the coin.
This wider availability has led to a sharp increase in trading activity and liquidity.
PEPE has also found its place in decentralized finance (DeFi). It now offers options like staking and lending across various platforms, which adds more practical uses for the coin beyond just buying and holding it.
PEPE’s meme roots also give it a unique advantage. Unlike some cryptocurrencies, it is supported by a strong and enthusiastic community.
This type of energy has proven to do wonders for tokens like Dogecoin and Shiba Inu in the past.
The meme market itself is another important factor. Pepe the Frog, who inspired PEPE, has been an internet icon for years.
As of January 2, 2025, Pepe (PEPE) was trading at approximately $0.00002024, with a market capitalization of approximately $8.5 billion.
The current RSI is around 56, which means that PEPE is in the neutral zone.
CoinCodex predicts a 234.69% increase, which would bring the PEPE price to $0.00006834 by February 1, 2025. Their technical indicators currently show an uptrend for PEPE.
Cryptocurrency analyst Defi Omega predicts that PEPE is on the verge of a major breakthrough and expects it to break above the resistance at $0.000023 soon, with a short-term target of 0.000023. $00003.
PlutoChain’s Layer 2 Solution ($PLUTO) Could Speed Up Bitcoin
Bitcoin often faces network congestion, slow transaction speeds, and high fees. PlutoChain ($PLUTO) could solve these problems with its innovative hybrid layer 2 solution.
PlutoChain’s vision is to introduce a parallel network designed to run on top of the main Bitcoin blockchain. This framework would reduce mainnet traffic, lower transaction costs, and significantly improve scalability. Although Bitcoin’s 10-minute block time has been a drawback for some time, PlutoChain’s Layer-2 technology could reduce it to just 2 seconds via its own mainnet.
In doing so, it could transform Bitcoin from a simple store of value into a versatile platform capable of supporting smart contracts and enabling blockchain innovation. Thanks to its compatibility with the Ethereum Virtual Machine (EVM), PlutoChain would bridge the gap between Bitcoin and Ethereum.
Developers could migrate Ethereum-based projects to Bitcoin, which would open up new opportunities for DeFi applications, NFTs, and AI-based technologies. PlutoChain’s testnet has already processed 43,200 daily transactions, demonstrating its ability to easily handle real-world demands.
The project has also undergone independent audits by SolidProof, QuillAudits and Assure DeFi, which ensure that its smart contracts and network infrastructure meet rigorous security standards.
PlutoChain also has a governance system through which it gives users a voice in decision-making by allowing them to vote on updates, partnerships, and other key developments.
The essentials
PEPE shows strong potential with its growing presence in DeFi and its stock listings, however, to reach 1 cent would require a massive market movement. And for those looking beyond meme coins, PlutoChain ($PLUTO) could offer something truly different.
Its Layer 2 solution could be exactly what Bitcoin needs right now: faster transactions, lower fees, and smart contract capability, while maintaining Bitcoin’s ironclad security.
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