Solana is trending again, largely due to Trump's impending return to the presidency and Solana's own impressive development.
Specifically, SOL is currently trading at $213, up 4.3% in the past 24 hours.
Recent upgrades to Solana's network have increased transaction speeds and reduced costs, making it an even stronger competitor to Ethereum. A growing ecosystem such as NFT marketplaces and DeFi projects is further improving its market position.
With momentum building, it could also be a good time to consider new pre-sale projects like PlutoChain ($PLUTO).
Let's check out the deets.
Will Trump's victory help Solana get over the $400 hurdle? Analysts and the press will also be involved.
Over the past month, Solana's value has increased by 37%, passing the key benchmark of $200. This is a clear sign of growing confidence.
With Donald Trump's return to the White House looming, many are wondering if this will propel SOL towards the ambitious $400 milestone.
President Trump’s track record of pro-cryptocurrency policies that support deregulation and open markets could create a more favorable environment for cryptocurrencies.
This could benefit high-performing assets like Solana, which is already experiencing rapid growth with network upgrades and ecosystem expansion.
To reach its $400 target, Solana will need to maintain its current strength, capitalize on bullish market trends, and adapt to regulatory changes.
The price movement is consistent with Elliott wave theory, and further growth is suggested if the price can break above $200 and $216.
However, analysts at Forbes say a break below $148 could signal the end of its upward trajectory.
Presale projects are also expected to gain traction in the coming weeks. PlutoChain ($PLUTO) may be interesting to watch in the early stages due to its hybrid layer 2 solution and other innovative features.
Please check the details below.
PlutoChain ($PLUTO) is a hybrid Bitcoin layer 2 solution that has the potential to bring smart contracts to major crypto assets
PlutoChain ($PLUTO) is a new, first-of-its-kind hybrid layer 2 solution that has the potential to increase the utility of Bitcoin.
It introduces a concept that blends the strengths of Bitcoin's network with the growing potential of decentralized finance (DeFi). This could change the way Bitcoin is used, especially since it has not been present in the DeFi space until now.
PlutoChain's layer 2 blockchain solution focuses on integrating smart contracts and DeFi applications directly into the Bitcoin network. This approach has the potential to preserve Bitcoin's unparalleled security features while expanding its utility beyond being a digital store of value.
PlutoChain offers seamless compatibility with Ethereum Virtual Machine (EVM), ensuring wide integration possibilities. This could also help Bitcoin regain a more active role in areas such as DeFi, where Ethereum and similar platforms are currently dominant.
To prioritize security, this project underwent a thorough audit by SolidProof, reinforcing our commitment to reliability and trustworthiness.
PlutoChain's technology and capabilities also allow it to process larger volumes of transactions without creating congestion or energy demands seen with other blockchains.
For those who want to explore PlutoChain's vision in more detail, their whitepaper provides more detailed insight into their vision and approach.
last word
Solana has been gaining momentum after Donald Trump's victory, but questions remain as to whether it can maintain its bullish trend and break above the $400 target.
We've historically seen presale projects succeed in situations like this, so they might be worth checking out as well.
At the moment, PlutoChain ($PLUTO) might be interesting to watch because of its idea of potentially bringing smart contracts to BTC. This project has the potential to generate a lot of buzz once it launches mainnet.
To learn more about PlutoChain and its unique features, please visit the links below.
Official website: https://plutochain.io
X/Twitter page: https://x.com/plutochain/
Telegram channel: https://t.me/PlutoChainpayments/
This article is not financial advice. Cryptocurrencies are highly volatile and risky. Readers should conduct their own research before participating in any cryptocurrency activity.
This is a sponsored article. The opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before acting on the information presented in this article.
