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Crypto Price Analysis: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) Signal a New ATH

Last Updated: February 6, 2025By

Right now, four major assets are showing signs of reaching new all-time highs: Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Dogecoin (DOGE). 

Meanwhile, PlutoChain ($PLUTO) could play a crucial part in Bitcoin’s ecosystem expansion with the help of its hybrid Layer-2 solution that might push BTC beyond a simple store of value.

Let’s have a look at what makes each project stand out.

Bitcoin (BTC): Surging Adoption and Limited Supply Push for New ATH

Bitcoin is trading at approximately $99,343.10, up 2.2% over the past 24 hours. Several factors could push Bitcoin toward a new all-time high. The approval of spot Bitcoin ETFs has made it easier for institutional and retail investors to gain exposure.

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Additionally, the recent appointment of Paul Atkins, a known cryptocurrency advocate, to lead the SEC under President Trump’s administration, signals a more crypto-friendly regulatory environment. 

Crypto Virtuos predicts that Bitcoin could reach $114,000 mid-term if it breaks the $105K accumulation zone.

Ethereum (ETH): Layer-2 Growth and Institutional Interest 

Ethereum is currently trading at approximately $2,612.75, which reflects a 14.7% decline over the past 24 hours.The approval of spot Ether ETFs has made it easier for investors to gain exposure, which boosted demand.

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Ethereum’s burn mechanism is also reducing supply, creating a more favorable market balance. Meanwhile, clearer regulations under the current administration are improving investor confidence. Plus, Ethereum remains the backbone of DeFi and NFTs.

Crypto analyst That Martini Guy ₿ predicts that Ethereum will reach $10,000 by April.

Solana (SOL): High-Speed Transactions and DeFi Growth

At the moment, Solana is trading around $199.66, which reflects a 5.9% drop in the last 24 hours. Solana’s fast, low-cost transactions make it a preferred choice for developers and users.

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Interest in a potential Solana-based ETF is also building, which could bring in more institutional investors. Furthermore, the expansion of Solana’s ecosystem, including new partnerships and innovative projects, is strengthening its position in the market.

CG_raino predicts that Solana could drop to $175 in February before rebounding to $250 within the next three months.

Dogecoin (DOGE): Community Hype and Growing Utility

Dogecoin is trading at approximately $0.2797, up 1.72% over the past 24 hours. Grayscale’s launch of a Dogecoin Trust is making it easier for investors to gain exposure, which could drive demand.

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A more crypto-friendly regulatory environment is also boosting market confidence. Meanwhile, Elon Musk’s ongoing support continues to keep DOGE at the center of discussions. 

S A F W A N predicts that Dogecoin (DOGE) will increase 10x by mid-February.

PlutoChain ($PLUTO): The Layer-2 Solution That Could Bring Speed, Low Fees, and Utility to Bitcoin

Bitcoin’s slow transactions, high fees, and network congestion make it impractical for everyday use. Faster blockchains like Ethereum and Solana have integrated scalability solutions, but Bitcoin is still lagging behind. 

That’s where PlutoChain ($PLUTO) could step in — a Layer-2 upgrade designed to make Bitcoin transactions faster, cheaper, and more efficient.

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PlutoChain offers block times of only 2 seconds on its own Layer-2 chain, which is a huge improvement compared to Bitcoin’s 10-minute block times, and this could transform how Bitcoin is used. 

Small purchases, global transfers, and instant payments could finally become seamless, which could make Bitcoin more than just digital gold. Lower fees remove another major hurdle and make BTC more appealing for everyday transactions.

PlutoChain also brings cross-chain compatibility to Bitcoin. As an Ethereum Virtual Machine (EVM)-compatible network, it allows Ethereum-based apps — like DeFi platforms, NFT marketplaces, and AI projects — to integrate directly with Bitcoin’s ecosystem. This means BTC could play a bigger role in Web3 beyond just being a store of value.

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Scalability is another key feature. In testing, PlutoChain successfully handled over 43,200 transactions in a single day during its testnet phase, which proves its ability to support high-volume activity without congestion.

Security measures include audits from SolidProof, QuillAudits, and Assure DeFi, as well as regular code reviews and stress tests. Unlike Bitcoin’s traditional governance model — where miners and core developers make most decisions — PlutoChain takes a decentralized approach. 

Users can submit proposals and vote on upgrades, which creates a more community-driven development process. With instant transactions, low fees, Ethereum compatibility, and a governance system that gives users a voice, PlutoChain could reshape Bitcoin’s future. 

With these implementations, Bitcoin could finally become a fast, efficient, and widely used network for much wider case uses than its current one.

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Final Words

Innovation is at the forefront of the industry right now, and the above-mentioned projects are leading the charge. 

While Bitcoin gains from institutional adoption, PlutoChain ($PLUTO) might stand out as a game-changer by offering speed, low fees, and cross-chain compatibility.

With near-instant transactions and Ethereum-based integrations, PlutoChain could redefine Bitcoin’s role in Web3. It may transform BTC from a passive asset into a powerful, widely-used financial tool.

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This article is purely informational and should not be interpreted as financial advice. Readers are encouraged to carry out their own due diligence. Predictions involve risk and may not undergo updates.

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