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10X Rally For Hedera Imminent? Announcement of Layer2 On HBAR Sparks Bullish Hedera Price Prediction

10X Rally For Hedera Imminent? Announcement of Layer2 On HBAR Sparks Bullish Hedera Price Prediction

CryptoNewsNetCryptoNewsNet2025/01/15 04:55
By:thecryptobasic.com

With a market cap of $11.68 billion and strong trading activity, HBAR’s potential to reach new heights in the current bull run is a hot topic.

Key upgrades, strategic partnerships, and optimistic price predictions fuel the bullish sentiment surrounding Hedera. Meanwhile, PlutoChain ($PLUTO) is stepping into the scene with an innovative Layer-2 solution that could address Bitcoin’s speed and scalability issues.

So, what does the future hold for Hedera in this bull run? Let’s check out the deets.

Can HBAR Hit $5 in the Current Bull Run? Key Technical Indicators and Market Drivers to Watch

Hedera (HBAR) is currently priced at around $0.3052, up 1.6% in the past 24 hours. Its market cap sits at an impressive $11.68 billion, ranking it as the 21st largest cryptocurrency.

With a 24-hour trading volume of $534.6 million, there’s plenty of activity around HBAR right now. HBAR’s key support levels are $0.26 and $0.23, while resistance sits at $0.36 and $0.40. The RSI sits at around 52, which means HBAR is in the neutral zone.

In June 2024, Valour Inc. launched the Valour Hedera ETP on the Frankfurt Stock Exchange and this gave investors a new way to access HBAR. Hedera also teamed up with Chainlink to strengthen DeFi infrastructure and partnered with SEALSQ to explore quantum-resistant blockchain technology.

On the tech side, Hedera rolled out the Asset Tokenization Studio, an open-source toolkit that makes it easier to issue and manage tokenized assets like bonds and equities. Upgrades to its smart contracts now allow for atomic transfers of assets and real-time updates to NFT metadata, which makes the network more user-friendly. HBAR’s market performance has been strong. Its price hit $0.369 in December 2024, the highest in three years.

Large investors have been paying attention too, with accounts holding over 100 million HBAR increasing by 20% since August. Crypto analyst Shawn Sully believes HBAR could hit $5 if the bull market lasts beyond April 2025, but sees $2.50 as a more likely target if it peaks earlier.

Similarly, analyst Jai predicts HBAR could climb to $5 during this bull run and draws parallels to Ethereum’s unexpected surge from $250 to over $1,000 in the past.

PlutoChain ($PLUTO) Might Have What it Takes to Upgrade Bitcoin’s Mainnet

Bitcoin users face constant challenges: clogged networks, sluggish transactions, and steep fees. PlutoChain ($PLUTO) might have a fresh solution with its hybrid Layer-2 approach.

By building a parallel network atop Bitcoin’s main blockchain, PlutoChain could reduce congestion, slash fees, and boost scalability. Bitcoin’s 10-minute block time has long been a roadblock and made it hard to compete with faster blockchains like Ethereum and Solana.

PlutoChain’s Layer-2 technology could cut block times to 2 seconds. It could also introduce smart contract functionality while keeping Bitcoin’s trusted security intact. This shift would turn Bitcoin into more than a store of value—it would make it a hub for innovation. PlutoChain’s Ethereum Virtual Machine (EVM) compatibility could allow developers to bring their Ethereum projects to Bitcoin without starting from scratch.

This would open the door for DeFi, NFTs, and even AI-driven applications. On its testnet, PlutoChain has already handled 43,000 transactions per day, which shows it’s ready for real-world demands. Security is a top priority. PlutoChain has passed audits by SolidProof, QuillAudits, and Assure DeFi to prove its smart contracts and infrastructure are solid.

The team also conducts regular code reviews and stress tests to stay ahead of potential risks. Governance is in the community’s hands users can vote on upgrades, partnerships, and proposals.

The Bottom Line

Hedera offers strong partnerships, innovative tools like the Asset Tokenization Studio, and growing interest from investors.

Its price performance and predictions look promising. However, challenges like declining Total Value Locked and limited staking rewards could hold it back. If you’re looking for something innovative and new, PlutoChain ($PLUTO) might be worth a look. The platform’s Layer-2 solution could solve Bitcoin’s long-standing issues with speed and scalability.

Disclaimer: This Press release article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this press release article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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