Pluton Price Prediction 2022 and Beyond — Will $PLU Potentially Reach $50?
As the cryptocurrency market grows, projects tend to get more creative and lucrative. The crypto market is known for providing lots of ways for people to passively earn income. One of the newest ways to passively earn from cryptocurrencies is spending your fiat shopping… literally. This was made possible by Plutus. Using Plutus, you can literally earn cryptocurrency rewards by shopping with your Visa debit card. But what is Plutus? What is the Pluton token, PLU? How does this project work? Throughout this article, we will answer these and many more questions. Moreover, we will provide a price prediction for Pluton as well.
What is Pluton (PLU)?
So, what is Pluton? Well, Pluton is an ERC-20 token operating on the Ethereum network. According to CoinMarketCap, PLU made its debut back in September 2016. It is a reward token, similar to Avios airmiles, given to people who use the Plutus product. Plutus is one of the best providers when it comes to distributing crypto cashback through a Visa debit card. Their main product, the card, can be ordered using their website or their mobile app.
When you shop with the Plutus card, you get 3–8% cashback in PLU; you literally get paid for spending. You can also select various Perks within the app such as Netflix, Spotify, Amazon Prime, Disney Plus, Uber, Apple One, Deliveroo, Booking, Aldi, and Tesco; and get up to 100% cashback at these brands. Moving on, one of the most interesting features that the Plutus platform provides is its decentralized exchange (DEX) known as the PlutusDEX. There, you can swap tokens for fiat.
Pluton (PLU) Tokenomics
As stated above, Pluton is the token that Plutus uses. This token’s tokenomics were specifically designed for the utility that this token has. According to CoinMarketCap, the maximum supply of Pluton is 20 million, out of which only 1.85 million are in circulation right now. New PLU enters the circulation when people spend with the Plutus Card. This demand comes from users buying PLU to access higher rewards, Perks, and other benefits. According to Plutus, staked PLU is growing at a faster rate than new PLU is entering circulation, which in other words means demand is outgrowing supply. This is a positive indicator that the tokenomics work and the price should rise. At the time of writing, you can find this token on KuCoin, Coinbase, Huobi Global, Bitfinex, ProBit Global, Hoo, CoinW, and HitBTC. Additionally, this token is currently trading at a price of $7.75 and a market capitalization of $14.4 million.
Crypto Academy Pluton (PLU) Price Prediction
We at Crypto Academy put research over everything. After doing our own research on Plutus, we managed to come up with a price prediction regarding its token, PLU. Our PLU price forecast mainly uses fundamental analysis but includes bits of technical analysis as well.
Pluton (PLU) Price Prediction 2022
The cryptocurrency market had a very hard start in 2022. The whole market was met with challenges and dips throughout the first quarter of the year. However, it seems that things are slowly getting better and the market is recovering. Considering the global economical and political situation right now, the market is doing just fine. We believe that Pluton has the potential to surpass the $15 mark during the second quarter of the year 2022. Moving on, our forecast shows Pluton potentially trading above the $20 mark throughout the third quarter of the year. By the end of the year 2022, Pluton might set a new yearly high by possibly hitting a trading value of $25. If the market gets as bullish as some expect it to do, this token could even hit the price of $30 by the end of the year.
Pluton (PLU) Price Prediction 2023
The long-awaited mass adoption of the crypto market has already started. By 2023, this adoption will already be at different levels. This would mean more money flowing into the market, which could lead to higher prices. As for Pluton, we can say the same thing. Our forecast shows that Pluton is likely to maintain a price between $30-$40 throughout the year 2023. However, there are many people who believe that the market is going to turn bearish. To further support their argument, there are several indicators that show an upcoming bear run. If this happens, the price of Plutus is expected to fall a bit as well. Yet, our forecast shows that Plutus, unlike some other tokens, will not experience that much of a fall given it has real-world utility and a less speculative following. By the end of 2023, PLU could drop to as low as $20 if the market is bearish.
Pluton (PLU) Price Prediction 2024
In 2024, the next Bitcoin halving is set to occur. For your information, Bitcoin halving is when the mining rewards of Bitcoin are halved. This happens every four years and often initiates a bull run. If this is the case once again, then Plutus is likely to be affected as well. We believe that Plutus might start a bull run by the end of the year 2024. However, we believe that the market performance of Plutus is likely to be positive throughout the year. If the market turns bullish after the halving, Plutus might surpass the $50 milestone. By the end of 2024, we believe that Plutus might hit a trading value between $50-$60.
Pluton (PLU) Price Prediction 2025
The aftermath of the Bitcoin halving is usually experienced the year after it happens. In 2025, the crypto market is likely to reach unimaginable highs. In this potential bull run, Bitcoin is expected to hit a trading value of at least $500,000. This could spark a new wave of investments into altcoins such as Ethereum, Dogecoin, and Pluton. Our forecast shows that the year 2025 is likely to be the most bullish upcoming year. That being said, Pluton is likely to set a new all-time high in 2025. Our prediction shows Pluton hitting a price between $150-$200 during the first half of 2025. If the market remains bullish, PLU could end the year 2025 with a price of $220. However, if the market experiences a correction around that time, PLU might be left with a price of $140.
Pluton (PLU) Price Prediction 2026
The year 2026 might not be as lucrative as the previous years. This is because the bigger the market gets, the less volatile it is. However, the bigger the market gets, the more attention it gets. This usually attracts more investors to this space, giving low-cap altcoins the chance to get more investments. We believe that the market will experience smaller price movements in 2026. As for Plutus, the same can be said. We believe that PLU is likely to experience a year full of +-20%. By the end of the year, Plutus is likely to be trading at a price of $180. [caption id=”attachment_24852" align=”alignnone” width=”1200"]
Crypto Academy Pluton (PLU) Price Prediction for 2022–2026.[/caption]
Pluton (PLU) Market Prediction
Price Prediction is one of the biggest websites that provides algorithm-based predictions for cryptocurrencies. They also provided a price prediction for Plutus. According to their price prediction for PLU, this token is likely to end the year 2022 with a price over $11.10. Moving on, their forecast shows PLU possibly trading at a price of $16.50 by the end of 2023. As for the year when the Bitcoin halving is set to happen, their forecast shows Pluton with a potential price of $22.29. As for the long-term, this platform believes that Pluton is likely to hit the $50 milestone by the end of 2026. Moving on, their prediction shows that PLU could hit a price of $70 by the end of 2027. By the year 2030, Plu might even surpass the $200 milestone. In about 9 years, PLU could be trading at a value of $295.
AJ Five is an upcoming cryptocurrency Youtuber. In one of his recent videos published back in February 2022, he mentions Pluton and talks about it. During the whole video, AJ Five keeps talking about how great this project is, mentioning its potential several times. He proceeds to inform the audience about the recent price movement of Pluton and how he expects this project to perform in the near future. According to his prediction, the Pluton token is looking bullish in the long-term, but bearish in the short-term, however, he does not believe that Plutus will experience a dump or anything alike in the upcoming weeks/months.
Another Youtuber that has made a video about Pluton and the Plutus platform is Chosen. Although Chosen is a new Youtuber, he has several videos covering cryptocurrency projects such as Plutus. From the beginning of the video, Chosen emphasizes the fact that Pluton has a very scarce maximum supply of 20 million. We also believe that its supply is crucial when it comes to its price performance. According to Chosen, Pluton is likely going to experience growth during the upcoming weeks. His prediction shows a 200% increase in the price of PLU.
How To Buy Pluton (PLU)?
You can buy Pluton in three simple steps: create an exchange account, fund it, and use those funds to purchase PLU. Unlike many other altcoins, you can find PLU in several centralized exchanges. This makes the project more exposed and has a positive effect on its liquidity. At the time of writing, you can purchase Pluton in several exchanges, including the Coinbase Exchange and KuCoin. For our example, we will be using KuCoin.
Step 1: Create An Exchange Account
The first thing you should do if you want to invest in Pluton is to create an exchange account. There are several exchanges that support Pluton, with KuCoin being one of the major ones. However, though, KuCoin only allows you to purchase Pluton by using USD Tether (USDT), making the PLU/USDT the only available market pair in this exchange. Creating an account on KuCoin is really easy. All you need is to provide your legal name and email. Of course, you won’t need any private keys since KuCoin is a CEX, but you must set up a password. After creating your account, you can verify yourself through a KYC process. [caption id=”attachment_24849" align=”alignnone” width=”1920"]
Signing Up Using KuCoin. Source: KuCoin[/caption]
Step 2: Fund Your Account
After creating your account, you should fund it. Funding your account is usually the easy part. Different exchanges support different payment methods. When it comes to KuCoin, you can fund it in several ways. Some of the payment methods that KuCoin supports are:
Moreover, KuCoin also has some third-party providers that you can use to purchase crypto. They are Banxa, Simplex, and BTC Direct. Currently, KuCoin offers more than 70 payment methods. [caption id=”attachment_24850" align=”alignnone” width=”1901"]
Payment Methods for KuCoin Users. Source: KuCoin[/caption]
Step 3: Buy PLU
Now that you have created and funded your account, it is time to finally purchase PLU. To do so, all you need to do is go to Markets and search for PLU market pairs. At the time of writing, the only available PLU market pair in KuCoin is PLU/USDT. When you find the PLU/USDT market pair, simply enter the amount of PLU you want to purchase and execute the trade. [caption id=”attachment_24851" align=”alignnone” width=”1916"]
PLU/USDT Market Pair. Source: KuCoin[/caption]
Frequently Asked Questions (FAQ)
Is Pluton Crypto a Good Investment?
Yes. After looking at several market predictions and doing our own research on the project, we have concluded that Pluton might prove to be one of the best investments for you. This is because Pluton is an altcoin with a low market capitalization that provides a real, very useful product. Moreover, it has been around for more than 5 years now, meaning that it has survived one of the longest crypto winters in history.
How Do I Get Pluton Crypto?
You can get Pluton through KuCoin, Coinbase Exchange, Bitfinex, Huobi Global, AscendEX, ProBit Global, CoinW, HitBTC, and Hoo. Each of these exchanges has somewhat of a similar process of creating and funding an account. However, the three main steps to purchasing Pluton in any of them are:
- Creating and Verifying Your Account
- Funding Your Account
- Purchasing Pluton (PLU)
- Passive income is a common feature of many crypto projects through mining, staking, farming, etc.
- One of the projects that promote passive income is Plutus, and they found a creative way to do so.
- If you use a Plutus Visa debit card, you get a 3%-8% PLU cashback on each purchase you make.
- Pluton is an ERC-20 token, meaning that it operates on Ethereum; the second biggest blockchain in the world.
- The maximum supply of Pluton is only 20 million, making it very scarce.
- Our price prediction shows Plutus potentially hitting a trading value of $150-$200 by the year 2025.
- All in all, Plutus has all the elements a project needs to be successful. This means that it is suitable and could prove to be one of the best investments for your portfolio.