SOL Still Struggling Below the $200 Mark, Community Turns Attention Towards a New Hybrid Layer 2 Project
Solana (Sol) is still struggling to maintain prices over $200, bearish indicators and weak momentum. Concerns about scams have also sparked debates about the future of the Internet.
Solana faces uncertainty, but plutochain($ pluto) A different problem is being solved – bitcoin lacks use cases. This hybrid layer layer 2 project can improve block time, reduce fees and bring Defi to Bitcoin.
Let’s take a closer look at the details…
SOL price fell 13% in 30 days – what is next for investors?
Solana (Sol) is trapped below $200, down 13% in the past month as bearish indicators indicate weaker momentum. Both Ichimoku Cloud and ADX have proposed an ongoing struggle, and SOL cannot maintain critical resistance levels.
If the buyer step in and put Sol over $209, it could move to $219 or even $244. However, if Sol is below $187, the next stop may be $175.
Some analysts remain cautious, suggesting Solana’s weak trend power and ongoing concerns about the scam.
But, according to X analysts, Solana’s long-term prospects still show strength despite recent struggles. Cryptoticker highlights the launch of ARKA, a forecasting market platform built on Solana, which may boost the demand for SOL.
Some believe that this expansion could push the SOL price to $750, especially as high-profile projects continue to be launched on the web.
Can plutochain make Bitcoin more practical in daily use?
Bitcoin is known for its security and decentralization, but struggles with slow transactions and high fees. plutochain($ pluto) This problem can be solved with a hybrid 2-layer solution that can make Bitcoin faster, cheaper and more practical.
Plutochain introduces Ethereum Virtual Machine (EVM) compatibility, which allows developers to bring DEFI, NFT, and AI-powered applications to Bitcoin.
More importantly, Bitcoin’s 10-minute block confirmation makes it too slow to compete with modern payment systems. plutochain takes another approach. As a Hybrid Layer-2 solution, it runs on its own high-speed network and processes blocks in just two seconds.
This speed could have a huge impact on anyone who actually wants to use Bitcoin for payments instead of just holding it.
Plutochain also has a strong focus on security. It has completed audits through solids, quillaudits and Assure defi, which confirm its reliability. It not only relies on miners and developers for upgrades. Instead, it provides control for the community and allows them to come up and vote on network improvements.
Tests have shown plutochain processing of 43,200 transactions per day. Bitcoin’s Defi market remains small, accounting for only 0.13% of its total market capitalization, but Plutochain can change that and open up new opportunities for the network.
Closing Words
Solana is still working to be below $200, and the technical indicators show weak momentum. Some analysts believe a breakthrough above $209 could lead to higher prices, while others remain cautious. SOL may continue to face resistance until confidence recovers.
at the same time, plutochain A new approach to blockchain efficiency is provided. It may speed up Bitcoin transactions, lower fees and introduce Defi features.
If it has its vision, it could change the way people interact with Bitcoin, expanding ecosystems and case uses.
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Remember, this article is purely informative, not financial advice. Any and all cryptocurrencies are volatile and prices are prone to rapid changes. Always do your own research and consult with experts before joining any cryptocurrency. Based on the information in this article, we are not responsible for any results. Statements about futures require risks and may not reflect updates.
