With the anticipated launch of “UP,” a Layer 2 solution designed to integrate Web3 into sports and esports, Hedera is taking bold steps toward mass adoption and innovation.
Could these developments, alongside strategic partnerships and ecosystem growth, help HBAR reach the $15 price target? Meanwhile, PlutoChain ($PLUTO), a cutting-edge Layer-2 solution for Bitcoin, could upgrade its blockchain by addressing transaction speed and scalability issues.
Let’s look at the deets below.
Can Hedera (HBAR) Hit $15 in 2025? Key Factors Behind This Bold Prediction
Hedera (HBAR) is currently priced at about $0.28, down 7.4% in the past 24 hours.
Its market cap is sitting around $10.68 billion, with $717 million in trades over the last day. Out of a total supply of 50 billion tokens, 38.26 billion HBAR are already in circulation.
The first support level is at $0.25, followed by $0.22 and $0.20. Resistance levels start at $0.30, with the next at $0.33 and $0.35. HBAR’s RSI is at around 52 right now, which means it’s in the neutral zone.
Hedera is preparing for a significant milestone with the upcoming launch of “UP,” a Layer 2 blockchain platform developed by Karate Combat. Scheduled for the first quarter of 2025, this initiative aims to integrate Web3 technology into sports and esports.
Under the leadership of new CEO Charles Atkins, the company is looking to combine AI with DeFi to enhance its blockchain technology and address challenges like trust and compliance. One of the standout developments is Hedera’s work with Nvidia and Intel on a Verifiable Compute framework.
This initiative connects distributed ledger technology (DLT) with AI to ensure better governance and reliability for AI applications. Meanwhile, its collaboration with Chainlink focuses on integrating decentralized Oracle solutions.
Hedera is also doubling down on ecosystem growth. The Hedera Governing Council has allocated 4.86 billion HBAR tokens — worth roughly $408 million — to initiatives like the HBAR Foundation, the Hashgraph Association, and the DLT Science Foundation.
According to crypto analyst Birdman, Hedera is expected to maintain a sideways trading pattern on the weekly chart, with a projected price target of $3.
How PlutoChain ($PLUTO) Could Solve Bitcoin’s Slow Transactions and High Fees with L2 Technology and Smart Contracts
Bitcoin’s users often deal with slow transaction speeds, high fees, and crowded networks and PlutoChain ($PLUTO) is a hybrid Layer-2 solution that may tackle these pain points.
PlutoChain could work alongside Bitcoin’s main blockchain, by creating a a parallel network that could ease congestion, lower fees, and boost scalability.
It’s a smart way to potentially enhance Bitcoin’s performance without compromising its core strengths. Bitcoin’s 10-minute block time has always been a sticking point, especially when compared to quicker alternatives like Ethereum or Solana. PlutoChain could shorten this delay and bring block times down to just 2 seconds on its own Layer-2 chain.
It could also make Bitcoin a more versatile platform by supporting efficient smart contracts, all while keeping Bitcoin’s proven security intact. One of PlutoChain’s most exciting features is its compatibility with Ethereum’s ecosystem. Developers could easily move their Ethereum projects to Bitcoin, which would open the doors for things like DeFi, NFTs, and even AI-driven apps.
This could mark a shift in how Bitcoin is used and turn it from just a store of value into a development hub. During testing, PlutoChain processed up to 43,200 transactions a day without hiccups.
To keep things secure, the project has been audited by SolidProof, QuillAudits, and Assure DeFi. PlutoChain’s community-first mindset lets users shape the project’s future. They can submit proposals, vote on important decisions, and help guide PlutoChain’s growth.
Final Thoughts
Hedera (HBAR) offers a promising combination of technology and scalability, with its Layer 2 launch and strategic partnerships.
However, challenges like fluctuating market performance and stiff competition from other networks remain hurdles to its $15 price target. On the other hand, PlutoChain ($PLUTO) might bring a unique value proposition to Bitcoin by potentially addressing its long-standing issues with speed and cost. With its Ethereum compatibility and robust Layer-2 technology, it could be a project worth keeping on your radar.
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