Buy Pedro The Raccoon (PEDRO)

Experts believe the crypto market to be on the brink of a bull run and tokens like Pepe Coin (PEPE), XRP, Solana (SOL), and Dogecoin (DOGE) are on the verge of reaching their all-time high ATH. 

At the same time, a revolutionary Bitcoin Layer-2 solution PlutoChain ($PLUTO) is capturing the attention of whales with its groundbreaking innovations.

Pepe Coin: Optimism From Whale Movement

In the last few days, there has been a significant increase in the whale activity in Pepe Coin, with billions of tokens traded recently. 

Some analysts suggest that the memecoin could recover if it breaches major resistance of 0.000015 which adds blindness to the low Relative Strength Index RSI and falling active addresses. The optimism surrounding wholesale feeders adds depth to PEPE's short-term potential.

XRP: Targeting Record Highs

Growing whale accumulation pushes the prices of XRP upwards which is currently at $2.57. As newly added traders have noticed the new technical patterns like the megaphone bottom, they expect a further increase and even hope to reach the $5 target. 

Ripple’s suit with SEC and the recent things surrounding global finance surely make XRP reach for the stars in breaking its previous ATH.

Solana: Powerful Ecosystem Powers Development

Solana is a leader in innovation within blockchain technology owing to its exceptional dex engagement which accounts for 45% of the market. 

By providing new blockchain decentralized applications, Solana is able to motivate new users. Taking into consideration analysts’ reports, reaching its all-time high of $295 is highly possible, but maintaining a steady level of network activity is crucial.

Dogecoin: ETF Speculation Improves the Market Paris

The hype around token ETFs on Dogecoin has caused an increase to approximately $0.38. With Elon Musk’s endless support for crypto, interest in the original meme coin has received a second wind. 

Despite selling off, Doge may very well target $0.40 and beyond purely based on interest from the community and corporations.

PlutoChain: Innovating Bitcoin With Its Hybrid Layer-2 Blockchain

PlutoChaincould bring massive innovation to Bitcoin thanks to its hybrid Layer-2 blockchain that enables smart contracts and dApp integration.

Developers are enabled to interact with Bitcoin and Ethereum-based DeFi and NFT ecosystems via the Ethereum Virtual Machine, unlocking new levels of possibilities.

The unprecedented speed and extensibility of PlutoChain are showcased by over 43,200 daily transactions and 2-second confirmation block times on the testnet. 

This project has put security in the first place as it passed triple audits done by renowned companies SolidProof, QuillAudits, and Assure DeFi.

PlutoChain has the potential to unlock the untapped DeFi sector on Bitcoin, opening doors to a sector that could surpass Bitcoin's current scope. This isn’t just another project; it’s a carefully crafted blueprint for delivering real utility and transforming Bitcoin’s capabilities.

Conclusion

The crypto market is brimming with excitement as Pepe Coin, XRP, Solana, and Dogecoin show strong potential to reclaim their all-time highs, fueled by whale activity, technical patterns, and ecosystem growth. 

Meanwhile, PlutoChain could redefine Bitcoin’s capabilities with its hybrid Layer-2 blockchain, enabling smart contracts and dApps while ensuring top-tier security. 

With such promising developments across the board, it could create a significant buzz after its mainnet launch.

—----------------------------

This article is not financial advice. Past results are not indicative of future returns, and the crypto market is inherently unpredictable. Readers must conduct their own thorough research before purchasing any crypto coin or token. These forward-looking statements are subject to risks and may remain unchanged.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Bitcoin (BTC) price is up 3% in the last 24 hours. Still, the rally has been relatively muted despite two major developments: the SEC revoking SAB 121 policy, allowing banks to custody crypto, and Trump creating a Digital Asset Stockpile by executive order.

The 7-day MVRV Ratio indicates more room for short-term growth, while whale activity has dropped to its lowest level in a year, signaling a potential shift in large-holder behavior. With BTC’s EMA lines reflecting bullish sentiment but showing signs of consolidation, the market faces a decisive moment between testing new highs or retreating to key support levels.

MVRV Ratio Shows More Room for Growth

The 7-day MVRV (Market Value to Realized Value) Ratio for Bitcoin currently stands at 0.85%, following a period of stability near 0% over the past two days. This metric measures the average profit or loss of BTC holders who have acquired their coins within the last seven days.

A positive MVRV ratio indicates that recent holders, on average, are in profit, while a negative ratio suggests unrealized losses. The recent move into positive territory suggests that market sentiment among short-term holders is shifting toward profitability, reflecting a potential uptick in momentum.

BTC 7D MVRV Ratio. Source: Santiment

Historical trends show that Bitcoin’s 7D MVRV Ratio often rises to levels around 5-6% before experiencing a significant price correction. This indicates that BTC has historically demonstrated more room for short-term growth from current levels before encountering resistance or selling pressure.

At the current 0.85%, the metric suggests that the market is far from overextended, leaving ample space for additional upside before reaching typical profit-taking thresholds.

Bitcoin Whales Reached Its Lowest Level In One Year

The number of Bitcoin whales – wallets holding at least 1,000 BTC – dropped sharply from 2,067 on January 20 to 2,039 on January 23, reaching its lowest level since January 30, 2024.

Whale activity is a key metric to watch as these large holders often influence market trends through significant buy or sell decisions. This recent decline suggests a shift in strategy among major BTC holders, potentially signaling caution or reallocation of funds, even after SEC revoked SAB 121 policy allowing banks to custody crypto.

Number of addresses holding at least 1,000 BTC. Source: Glassnode

This drop could reflect whales awaiting further details on Bitcoin-related executive orders expected from the Trump administration. Alternatively, some whales might be rotating their capital into other assets now that BTC has stabilized above the $100,000 mark.

“The amount of Bitcoin held by long-term holders has decreased by 1.5 million BTC (approximately $150 billion) in the last year. Their selling accelerated since Trump’s election in November, with 500,000 BTC (around $50 billion) leaving long-term holder addresses since then. This trend resembles a pattern from previous bull cycles, where these holders started selling after prices reached new all-time highs and accumulated following 50%+ retracements,” Lucas Outumuro, Head of Research at IntoTheBlock, told BInCrypto.

BTC Price Prediction: Will It Stay Above $100,000?

Bitcoin’s EMA lines are currently bullish, with short-term lines positioned above long-term lines, but their lack of upward movement suggests the market may be entering a consolidation phase.

BTC Price Analysis. Source: TradingView

“There is a combination of institutions and short-term speculators driving the demand-side. Onchain data shows that the amount of Bitcoin held by addresses that have been holding for under 12 months is at its highest since early 2022. This suggests high speculative activity and traders being in control of market dynamics. From the institutional side, Trump’s DeFi protocol, World Liberty Financial, bought over $47 million of wrapped Bitcoin on Ethereum, along with ETH, AAVE, and other tokens. It is unclear what the plan for these assets is, but it appears that World Liberty Financial could become an increasingly relevant player in the space,” Outumuro added.

If Bitcoin regains its strong uptrend, it could test the resistance at $108,561, and a breakout above this level could lead to BTC reaching $110,000 for the first time ever. This could be sparked as soon as more details about the Digital Asset Stockpile are out.

However, if the trend reverses and Bitcoin price enters a downtrend, it may test the support at $99,486, with a potential drop to around $95,800 if that support is broken.