Solana’s price indicators are lighting up, with some analysts speculating that a 100x explosion could be on the horizon. Meanwhile, crypto whales are increasingly turning their attention to a new altcoin, JetBolt. Since its presale started two months ago, JetBolt has sold over 40 million tokens.
Two cryptocurrencies are now grabbing the headlines for their impressive market performance—Solana (SOL) and JetBolt (JBOLT).
Will Solana see a massive rally, or will JetBolt steal the crypto limelight as whales pump its ongoing presale?
Will Solana Climb 100x?
Solana seems unlikely to reach 100x but a more modest price increase is possible, here’s why:
Solana (SOL) has recently been one of the most talked-about cryptocurrencies after showing impressive gains and recovery from the $150 mark. At press time, SOL is trading at $168.35, demonstrating an increase of 8.3% over the past seven days.
With Solana’s recent upward trajectory, some analysts predict the high-power blockchain could be gearing up for a potentially massive breakout. Some market experts suggest Solana could break past $200 soon, as key indicators point toward a parabolic surge. Even more bullish analysts have set their sights on an eye-popping $370 target for Solana.
Recent developments have fueled these bullish price predictions on Solana. Asset management firm VanEck recently announced that its Solana exchange-traded note (ETN), launched in the European market, now offers automated staking rewards.
Solana has also been witnessing a surge in on-chain activity. Solana reached $6 billion in total value locked (TVL); the last time it reached this level was three years ago. Solana also recently gained 6 million active users daily.
In adjacent development, an FTX-related wallet unstaked 178,000 SOL tokens worth $28 million. Analysts have pointed out it could spark fears of an imminent sell-off. Market experts also noted that if fears of investors materialize, it could hamper SOL’s recent upside price action.
While the green bars in the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) indicators support Solana’s recent upward trend, some experts express their doubts about the high-powered blockchain exploding 100x. According to them, SOL must meet particular market conditions to take that massive leap.
As whales wait for Solana to reignite the same kind of market frenzy it saw during its 2021 highs, many are turning to new-generation tokens with cutting-edge features. One such coin that stands out is JetBolt (JBOLT).
Why are Crypto Whales Pumping the JetBolt Presale?
While Solana continues to witness impressive highs, a new altcoin is gaining massive momentum. JetBolt (JBOLT), a fresh entrant in the crypto market, has been capturing the attention of whales lately due to its explosive presale. JetBolt sold over 40 million tokens in just two months after its presale started, which is a huge milestone for a young crypto coin.
One of the reasons for the increasing whale activity on JetBolt is its unique and revolutionary features. Hefty gas fees are one of a crypto user’s most common pain points when carrying out transactions in today’s blockchain networks. JetBolt’s zero-gas technology addresses this issue by empowering users to make zero-gas and hassle-free transactions.
In addition, JetBolt integrates the latest technologies, like AI, into its ecosystem. It offers a groundbreaking AI-powered news and market insights tool to help token holders stay updated on current Web3 trends and developments.
Aside from JetBolt’s cutting-edge solutions, whales are rushing to accumulate JetBolt (JBOLT) tokens because of its presale perks. One of these perks that appeal to crypto whales is the 25% additional tokens for JetBolt (JBOLT) token batch purchases.
As more blockchain whales and even first-time token holders pile into the presale, JetBolt is becoming one of the best altcoins to watch in 2024.
Conclusion — Will Solana Explode or Will JetBolt Take the Spotlight?
Solana might be delivering an outstanding market performance lately, but experts pointed out that a 100x breakout may not happen yet. As crypto buyers look for high-potential coins, JetBolt emerges as a strong contender. With a growing whale activity and one-of-a-kind features like zero gas fees and an AI-powered tool, JetBolt’s presale momentum continues to soar.
Check out the links below for more information on JetBolt’s innovative features and ongoing presale:
Website: jetbolt.io
Telegram Channel:https://jetbolt.io/telegram
X/Twitter Page: https://x.com/JetBoltOfficial
This article does not offer any financial advice. Always conduct thorough research before purchasing any cryptocurrency. Keep in mind that all crypto assets are inherently risky and can be highly volatile.
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.
Source: https://bravenewcoin.com/insights/solana-about-to-explode-100x-whales-pump-jetbolt-for-massive-growth