PEPE had a harsh week as the meme community turned its attention to the newly-launched Trump Official token. After a 9.6% weekly dip, PEPE now trades at $0.00001547, 44% below its all-time high of $0.00002825 recorded in December. The short-term chart now looks bearish, but Pepe holders don’t lose hope for a 100X surge. It isn’t PEPE’s first rodeo, and the token might still surprise us, particularly as whales flow into the project. Another project that has been attracting new users is PlutoChain ($PLUTO) , a Layer-2 solution that could equip Bitcoin with smart contract support and EVM (Ethereum Virtual Machine) compatibility. Besides, with a block time of two seconds and throughput of 43,200 daily transactions at just 0.15% of full capacity, PlutoChain could rival industry-leading networks like Solana. Let’s break down the situation. Pepe Coin Appears Oversold, Whales Buy the Dip Pepe Coin earned a loyal following that held their tokens through the ups and downs. Despite its limited use cases, PEPE’s viral appeal continues to attract users and has put it on the whale watchlist. Top meme coins like DOGE and SHIB have historically shown significant growth during bullish market cycles, so PEPE holders expect it to show similar performance this year. But while DOGE and SHIB set a precedent, the crypto market is notoriously volatile. PEPE’s growth depends not on the market cycle alone but also on internal factors like project development, new listings, and whale activity. Coinbase and Robinhood listings helped PEPE hit its December ATH. Now, the token needs even more viral news to boost demand. On January 13, one whale bought over $3.7 million worth of PEPE from Binance when the token’s price dipped. This signaled confidence in the project’s long-term prospects and triggered a new wave of buys among retail traders, helping PEPE to rebound. PEPE’s current RSI of 38 indicates it’s oversold, so the downward trend might soon reverse. Besides, the 5-day and 10-day moving averages are below the current price, which suggests a potential bullish breakout. PlutoChain’s Hybrid Layer-2 Solution Could Scale Bitcoin and Bridges It With Ethereum BTC hit a new record high of $109,114, but it’s still far from analyst predictions of $150,000. One of the reasons BTC doesn’t grow at the expected rate is the limited applications of the Bitcoin network. PlutoChain ($PLUTO) could change this. This Layer-2 blockchain might address three barriers to Bitcoin’s evolution: scalability, programmability, and interoperability. Users favor Ethereum and Solana because they offer rich ecosystems with a wide variety of decentralized applications. In contrast, Bitcoin’s role is limited to a store of value. PlutoChain could introduce smart contracts to Bitcoin, possibly allowing developers to create complex DeFi, NFT, P2E, and AI applications on top of its secure architecture. Another feature of PlutoChain is EVM compatibility. Essentially, PlutoChain could bridge the two leading blockchains for smooth flow of data and funds. This interoperability can potentially lead to the development of hybrid applications that combine the strengths of both Bitcoin and Ethereum. The Layer-2 testnet is already publicly available and handles 43,200 transactions daily. The current block time is two seconds, which is roughly 60 times faster than Bitcoin’s average block time. Fast, low-cost transactions make PlutoChain a compelling choice for hosting data-heavy dApps. Security is non-negotiable, so PlutoChain partners with industry-leading security firms to perform regular audits and penetration testing. SolidProof , QuillAudits , and Assure DeFi have analyzed PlutoChain’s smart contract to identify and mitigate weaknesses and ensure it complies with global regulations. To top it all, places a strong emphasis on community-driven development. Through a decentralized governance model, users have the power to directly influence key decisions like new features and security upgrades. The Bottom Line Despite the recent dip, PEPE’s loyal community, recent whale activity, and oversold conditions hint at a soon rebound. However, a 100X surge necessitates a combination of favorable market conditions and viral momentum. Meanwhile, PlutoChain could drive the next wave of Bitcoin evolution with its scalable, decentralized, and flexible Layer-2 solution. PlutoChain could tackle the shortcomings that hinder Bitcoin’s growth, which might make it a project worth watching in the coming weeks. ———— Disclaimer: It’s important to note that participating in presales carries risks, including market volatility and potential project delays. Please conduct thorough research, understand the risks of market volatility, and seek professional advice before engaging with any blockchain project. Future-oriented statements are speculative and may not be modified. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
