Crypto Price Analysis: BITCOIN ($BTC), ETHEREUM ($ETH), SOLANA ($SOL), DOGECOIN ($DOGE), BITTENSOR ($TAO) and INTERNET COMPUTER ($ICP)

The crypto market is seeing some ups and downs, with prices pulling back after recent gains, but despite the pullback, the total market cap stays above $3.3 trillion, showing continued strength in the sector.

Today we’ll be analyzing these 6 cryptos – Bitcoin ($BTC), Ethereum ($ETH), Solana ($SOL), Dogecoin ($DOGE), Bittensor ($TAO), and Internet Computer ($ICP).

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Hybrid Layer-2 Solution For Bitcoin

At the same time, there is a project that could finally push BTC beyond a store of value – PlutoChain ($PLUTO). It brings a hybrid Layer-2 blockchain that might make Bitcoin transactions faster, cheaper, and boost its scalability.

Let’s check out the details.

How Could PlutoChain ($PLUTO) Greatly Expand Bitcoin’s DeFi Potential?

PlutoChain ($PLUTO) might be the solution to one of Bitcoin’s biggest limitations – slow transaction speed. While Bitcoin remains the dominant blockchain force, its 10-minute block time makes it a slow match for fast-moving applications.

So, that’s where PlutoChain could step in – as a Layer-2 solution, it offers block times of just two seconds, making transactions feel smooth and quick.

Early testnet results look strong, with the network handling over 43,200 transactions per day. To put that in perspective, PlutoChain can process hundreds of transactions in the time it takes Bitcoin to confirm a single block.

Beyond speed, PlutoChain might connect different blockchain networks. It could combine Bitcoin’s security with Ethereum’s EVM compatibility, building a smooth and safe environment for developers. This could open Bitcoin to DeFi apps and NFT marketplaces, drawing in users. PlutoChain puts decision-making in the hands of the community, allowing users to vote on major changes instead of relying on executive control.

Security is also a priority for the project and it has already undergone regular audits from firms such as SolidProof, QuillAudits, and Assure DeFi, bringing trust in the network.

Bitcoin (BTC) Holds Below $96,000 as Market Awaits Next Move

Bitcoin (BTC) is up nearly 1% in the past 24 hours, trading at around $98,000 after comments from Federal Reserve Chair Jerome Powell signaled no immediate rate cuts. Investor confidence remains uncertain due to inflation and trade issues.

BTC has been moving within a tight range, briefly crossing $100,000 before facing resistance. If it holds above $96,000, it may stabilize, but a drop below could see it test $90,000.

Technical indicators show mixed signals, with the RSI below neutral and the MACD remaining bearish. BTC’s next move will likely depend on upcoming economic data and investor sentiment.

Ethereum (ETH) Holds Steady as It Eyes $2,800 Resistance

As of February 15, 2025, Ethereum (ETH) is trading at approximately $2,720, showing a slight increase of 1.5% over the past 24 hours. The crypto has fluctuated between a high of $2,785 and a low of $2,670 today.

On the development side, Ethereum’s ecosystem is evolving with the upcoming Pectra upgrade, scheduled for mainnet activation on April 8, 2025. This upgrade is looking to enhance network efficiency and scalability, potentially strengthening ETH’s value proposition.

Solana (SOL) Attempts to Regain Momentum Above $200

Solana (SOL) has been struggling to stay above $200, facing ups and downs in price. It dropped to $176 last week, then recovered to $216 before falling again. Sellers have kept control, pushing SOL below key levels, with the price moving between $189 and $209. Buyers tried to push it higher, but the momentum didn’t last. Indicators show selling pressure is still strong, and SOL could drop further.

Is Dogecoin (DOGE) Gaining Stability for a Recovery?

Dogecoin (DOGE) has been trading in a narrow range, struggling to gain momentum after last week’s drop. It fell to $0.203 before recovering to $0.286, but sellers pushed it back down. The price remained volatile, with DOGE dropping to $0.248 by Thursday and seeing small ups and downs over the weekend. On Tuesday, it hit a high of $0.269 but quickly fell to $0.252. DOGE is currently trading around $0.254, showing slight gains in the latest session.

Can Bittensor (TAO) Stay Above $400 Resistance?

Bittensor (TAO) was bearish last week but started a recovery on Friday, testing resistance at $400. It dropped to $329 on Monday but quickly bounced back, surging over 14% to hit $400. However, TAO struggled to hold its gains, falling to $326 by Thursday before rallying again over the weekend. On Monday, it surged to $437 but failed to break past resistance, settling at $412. TAO is now trading around $390.

Is Internet Computer (ICP) Gearing Up for a Breakout?

Internet Computer (ICP) has been trading between $6.50 and $7.50, with no clear trend. It briefly rose above $7 but struggled to hold gains, dropping to $6.98 midweek. After a mixed weekend, ICP settled around $6.95. Buyers are trying to push it higher, with the price now slightly above $7.

The Bottom Line

The crypto market is moving in different directions, with some coins holding steady while others struggle to stay above key levels. Bitcoin and Ethereum are showing stability, while Solana, Dogecoin, Bittensor, and Internet Computers have had ups and downs. The next price movements will depend on investor interest and upcoming economic news. 

At the same time, a hybrid L2 project, PlutoChain ($PLUTO), could bring new improvements to blockchain technology. By potentially making Bitcoin transactions faster and cheaper, PlutoChain might help expand Bitcoin’s use.

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Kosta Gushterov