Why Crypto Whales Are Eyeing XRP, Solana, Hedera, Cardano & PlutoChain After Trump Takes Office

Now that Trump is in office and has promised to make digital assets a national priority, users are rushing to buy XRP, SOL, HBAR, and ADA. 

Each of these projects brings something unique to the table and has seen remarkable growth last year. Will 2025 be equally successful? 

Among new projects that could draw attention, PlutoChain (PLUTO) might stand out with its potential to address Bitcoin’s scalability limitations and expand its use cases. 

Let’s take a closer look. 

PlutoChain (PLUTO) Could Potentially Pioneer a New Generation of dApps on Bitcoin 

PlutoChain (PLUTO) is a Layer-2 solution that could potentially introduce smart contracts to Bitcoin and enable developers to build complex applications on top of its secure architecture. 

Besides, PlutoChain is compatible with the Ethereum Virtual Machine (EVM), which could open up possibilities for interoperability of the two leading networks. 

PlutoChain’s testnet is already live and currently processes 43,200 daily transactions. Its average block time is just two seconds, substantially faster than Bitcoin mainnet’s 10 minutes. 

After processing over 2,290,653 total blocks, PlutoChain appears to be ready for real-world applications. The combination of PlutoChain’s scalability and Bitcoin’s reliability potentially makes it a game-changer in the Bitcoin dApp space. 

Transparency lies at the core of PlutoChain’s philosophy – users can vote on key development proposals through a decentralized governance model. 

To ensure the safety of user funds and data, PlutoChain collaborates with reputable firms SolidProof, QuillAudits, and Assure DeFi. Independent smart contract audits, regular stress tests of the network, and regulatory compliance help to build a strong foundation of trust between PlutoChain and its users.

XRP ETFs Might Inject Billions, Analysts Set $5-$34 Price Targets

XRP’s price consolidated around $3.11 after it briefly hit $3.39 last week. Two factors were at play here: optimism surrounding the possible launch of XRP ETFs and developments in the SEC v Ripple legal case. 

On January 15, the SEC filed another appeal against Judge Torres’ decision in favor of Ripple. However, Ripple CEO Brad Gralinghouse and CLO Stuart Alderoty both publicly shared they’re confident in another victory, which sparked bullish sentiment among their followers. 

On top of that, Ripple Labs president Monica Long confirmed that XRP ETFs will be approved very soon. JP Morgan reports that this would add billions of dollars to Ripple’s ecosystem. 

Analysts set the minimum target of $5 for XRP this year, and some expect it to surge as high as $34. While XRP’s RSI leans into the overbought territory, the launch of ETFs might prolong the upward trend. 

SOL Could Hit a New ATH On the Back Of Growing Activity on Solana 

Solana experienced a dramatic activity spike after Trump launched his official token, which sent SOL to a new all-time high (ATH) of $294.33 on January 19. 

The token has since dropped to $248.18, but the 5-day and 200-day simple moving averages (SMAs) are below the current price, which hints at a potential rebound. 

SOL also has an active ETF application in progress. If approved, SOL institutional adoption would spike, and SOL could reach a new ATH by the end of the year. Eric Balchunas predicts this to happen by March. 

Analyst Ali Martinez forecasts SOL to hit $4,700 based on the cup and handle pattern on its current chart. That’s an ambitious target, but high activity on Solana suggests it’s plausible. 

HBAR Might Finally Break the $1 Barrier As Hedera Partners With Nvidia 

After a lackluster period in 2022-2023, Hedera made substantial improvements to its network in 2024. This pushed HBAR up 353%, but it still hovers around $0.30, 44% below its former ATH of $0.57. 

Hedera’s enterprise-grade solutions and eco-conscious technology carved it a unique place in the crypto ecosystem, and some analysts believe it would help HBAR reach $1 in 2025. 

Besides, Hedera is fully compliant with the ISO 20022 standard, which enables interoperability between financial institutions, so it could be seamlessly integrated into traditional banking systems in the future. 

HBAR is also rumored to be on the list of altcoin ETFs. Canary Capital Group filed the application with the SEC back in 2024, and it could be approved in spring. 

To top it all, Hedera has forged partnerships with tech giants like Nvidia, which could expand its applications and drive adoption. 

ADA Technical Indicators Point to a Soon Breakout 

ADA has formed a symmetrical triangle pattern, which means it could reach $1.50 if it breaks resistance at $1.10. However, this would only be possible if ADA manages to hold above the $0.93 level, which currently acts as key support. 

Cardano’s high network activity adds to the optimism. The number of active addresses reached a record of 50,828 in January, indicating that ADA adoption continues to grow. 

The Elliott Wave analysis also supports the bullish outlook. ADA appears to be in an impulsive Wave 5 after completing a corrective Wave 4. However, strong resistance lies between $1.08 and $1.13, where Fibonacci retracements and previous highs converge.

Cardano founder Charles Hoskinson confirmed that the network would integrate Bitcoin by May 2025. This integration will use BitcoinOS’s Grail Bridge, to securely transfer BTC and other Bitcoin-based assets onto the Cardano blockchain and could fuel additional interest in ADA. 

Final Remarks 

Potential altcoin ETF approvals and the new pro-crypto administration fuel a new wave of optimism in the market. Established projects like XRP, Solana, Hedera, and Cardano could hit new records in this cycle due to their strong fundamentals and user sentiment. 

Meanwhile, PlutoChain may stand out as a potential game-changer in the Bitcoin ecosystem. By enabling smart contracts on Bitcoin, it could open doors to a wide range of applications that were previously unimaginable. 

PlutoChain’s focus on scalability, security, and community governance might make it a project worth watching in 2025.

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This article is not financial advice. Cryptocurrencies and meme coins are volatile and risky. Do your own research before buying any cryptocurrencies and meme coins. All forward-looking statements include uncertainties and may not be revisited.