Stellar (XLM) is flashing sell signals, with a 'death cross' and ABC correction pattern pointing to a downturn. However, some analysts still see the potential for a breakout.
At the same time, PlutoChain ($PLUTO) is gaining attention for its Layer-2 solution, which could make Bitcoin faster and cheaper.
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PlutoChain could finally push BTC beyond a store of value into a versatile platform supporting smart contracts and more.
Let’s break it down below!
Stellar (XLM) is currently trading at around $0.35, down 0.6% in the last 24 hours. The trading volume sits at approximately $243.95 million, with prices fluctuating between $0.34 and $0.36 today.
Stellar’s recent price jump happened thanks to positive news in the crypto space, including the SEC’s acknowledgment of filings for spot XRP and Dogecoin ETFs.
However, not all signals are bullish. Technical indicators suggest a potential downturn, with XLM forming a “death cross” pattern—when the 20-period EMA falls below the 50-period EMA.
Additionally, a three-drive ABC correction pattern has emerged, which could mean further price dips ahead.
Now as for predictions, crypto analyst Ali says that Stellar is forming a bullish flag pattern and could break out to $1.80.
Another analyst, Jonathan Carter, is a bit more conservative and predicts that Stellar is rebounding from a descending channel’s lower boundary, with potential targets at $0.43, $0.50, and $0.57 if it breaks above the midline.
Bitcoin is often criticized for being slow and expensive. With transaction confirmations taking around 10 minutes and fees fluctuating based on network congestion, using Bitcoin for everyday transactions isn’t always practical.
Luckily, PlutoChain ($PLUTO) offers a Layer-2 solution designed to make Bitcoin transactions faster, cheaper, and more scalable.
PlutoChain operates on a high-speed network with block times of just 2 seconds. This could make instant payments a reality and allow Bitcoin to compete with modern payment systems.
Whether it’s for small purchases, microtransactions, or cross-border transfers, PlutoChain could remove the long wait times and high fees that have slowed Bitcoin’s adoption as a payment method.
Lower fees are another major advantage. Bitcoin’s transaction costs often make small payments inefficient, but PlutoChain could make sending BTC more affordable.
Instead of worrying about high fees, users could enjoy cost-effective transfers for both businesses and individuals.
But, PlutoChain isn’t just about transactions—it also brings Ethereum Virtual Machine (EVM) compatibility, meaning it can support DeFi applications, NFTs, and AI-driven blockchain tools. This could significantly expand Bitcoin’s use cases beyond just being digital gold.
Security is a priority as well. PlutoChain has been audited by SolidProof, QuillAudits, and Assure DeFi to reinforce trust in its reliability. Its testnet has already processed over 43,200 transactions in a single day, which shows it can handle high demand.
Unlike Bitcoin’s miner-controlled network, PlutoChain introduces decentralized governance and encourages users to propose and vote on upgrades.
This community-driven approach keeps the system flexible and future-proof. It could also make PlutoChain a key player in Bitcoin’s evolution toward mass adoption.
Stellar (XLM) is at a crossroads, with bearish signals suggesting a potential drop while some analysts predict a breakout. Whether it rebounds or declines further depends on market sentiment and key resistance levels.
Meanwhile, PlutoChain ($PLUTO) is stepping up as a Layer-2 solution designed to improve Bitcoin’s speed and cost-efficiency.
By solving key limitations, PlutoChain could help Bitcoin scale and evolve. PlutoChain’s technology may shape Bitcoin’s future.
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.
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