Dogecoin (DOGE) Plunges with Trump’s Latest Tariff Orders – Will This New Hybrid L2 Project Gains Traction?

Dogecoin saw a major drop following former President Donald Trump’s latest tariff announcement. As Trump pushes for stricter trade policies, investor sentiment has turned volatile, triggering a sell-off across riskier assets—including meme coins like DOGE.

But there’s a new hybrid Layer-2 project that could gain traction in the meantime – PlutoChain. With its potential to bring new functionalities to Bitcoin, it might draw lots of attention in the coming weeks.

Let’s check out the deets.

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Dogecoin Price Prediction: Is a New Drop Coming for Dogecoin with Trump’s Latest Tariff Updates?

On February 10, 2025, U.S. President Donald Trump issued an executive order imposing a 25% tariff on aluminum and steel imports, set to take effect on March 12.

The move has brought concerns over escalating trade tensions, with potential ripple effects across global markets—including meme cryptocurrencies, which are highly reactive to economic changes.

Dogecoin, like much of the meme crypto market, has faced volatility in response. Currently trading between $0.25 and $0.28, it has declined 27% in the last month.

Popular meme pages on Twitter provided an update on a prediction market for Dogecoin, asking whether it will surpass $0.50 before March 1, 2025. Currently, 40.5% of participants believe it will, while 59.5% think it won’t. The sentiment is leaning bearish and it might continue this way throughout March.

While still up over 100% in the last six months, its heavy dependence on social media hype rather than real value has led some market participants to seek more utility-driven projects.

How PlutoChain ($PLUTO) Might Use Hybrid L2 Tech to Make Bitcoin Faster, Cheaper, and More Functional

Bitcoin may be the most recognized cryptocurrency, but it still faces major hurdles that limit its everyday usability.

High transaction fees make small purchases inefficient, and slow processing times lead to network congestion. These challenges come from Bitcoin’s core design, which prioritizes security over speed and scalability.

With the growing demand for a more efficient Bitcoin network, PlutoChain ($PLUTO) could present a potential solution. As a hybrid Layer-2 platform, it may offer faster transaction speeds, lower costs, and broader functionality.

Instead of Bitcoin’s 10-minute block time, PlutoChain could process blocks in just two seconds, making it more practical for day-to-day transactions and cross-border payments. PlutoChain may also significantly reduce transaction fees, making Bitcoin more accessible for businesses and individuals.

It also integrates with Ethereum’s Virtual Machine (EVM), potentially helping Bitcoin to interact with DeFi applications, NFT platforms, and AI-powered tools—expanding its role beyond a passive store of value.

In trials, it processed over 43,200 transactions in a single day, demonstrating its ability to scale. Unlike Bitcoin’s miner-driven governance, PlutoChain empowers its community to vote on protocol upgrades.

Security remains a top priority, with PlutoChain undergoing audits by SolidProof, QuillAudits, and Assure DeFi, along with rigorous testing to ensure network stability.

By addressing Bitcoin’s key limitations, PlutoChain could help transform BTC into a faster, more versatile asset.

The Bottom Line

With Trump’s new tariff plans, Dogecoin and meme coins without any real utility might be in trouble. DOGE has already seen a drop last week and it might see another one by the end of February before stabilizing.

At the same time, a new hybrid Layer-2 project called PlutoChain could draw attention with its powerful features that could expand BTC’s use cases. The mainnet launch is coming soon, so it might be a good idea to keep an eye on it.

Please remember that this article is purely informational and not financial advice. Any and all cryptocurrencies are volatile, with prices prone to rapid changes. Always do your own research and consult an expert before joining any crypto venture. We are not liable for any outcomes based on the information in this article. Statements about the future entail risks and may not reflect updates.

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.

Alexander Stefanov