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Cryptocurrency News Articles

BNB Eyes $1,000 as JetBolt's Presale Momentum Surges

Dec 18, 2024 at 07:00 pm

BNB hit a new all-time high of $722 on December 4, but increasing bearish momentum now challenges its path forward to $1000.

BNB Eyes $1,000 as JetBolt's Presale Momentum Surges

Binance Coin (BNB) hit a new all-time high of $722 on December 4, but increasing bearish momentum now challenges its path forward to $1000.

BNB’s Average Directional Index (ADX) spiked from 12 to 31, indicating growing selling pressure. Critical support levels are at $647 and $622.

While BNB navigates its support levels, JetBolt (JBOLT)’s rally intensifies, with its presale crossing 200 million tokens sold.

Built on the Skale blockchain, JetBolt’s use of Zero-Gas Technology and user-first features are turning heads.

Can BNB reach the coveted $1000 mark? And will JetBolt’s momentum change the next generation of altcoins in the coming year? Let’s find out.

Can Binance Coin Hit $1,000 in 2025?

BNB, the native token of Binance, has been quietly consolidating above $720, holding its position as the fourth-largest cryptocurrency by market cap. Despite broader market volatility, recent developments suggest BNB could be gearing up for its next big move. Some BNB traders speculate the token could possibly hit the $1,000 milestone in 2025.

While BNB did reach a new all-time high on December 4, it now faces mounting bearish momentum. Several technical indicators, including a surge in the Average Directional Index (ADX) to 31 from 12 the day before, suggest BNB’s current downtrend could continue in the short term. Trading below the Ichimoku Cloud and forming a “death cross” on the EMA lines, BNB is seeing increasing selling pressure, with support levels at $647 and $622 being closely monitored.

BNB exhibiting bearish patterns for December 2024. Source: Tiago Amaral

Despite these headwinds, BNB remains integral to Binance’s ecosystem, fueling everything from transaction discounts to DeFi integrations. The recent milestone of over $2.4 billion in 24-hour trading volume demonstrates continued investor interest, even amid bearish signals.

Looking ahead, analysts highlight a potential cup-and-handle pattern on the charts, a bullish formation that could pave the way for recovery. Additionally, Binance’s expanded use cases, including cross-border payments through Binance Pay and enhanced staking options, underline BNB’s continued utility.

With a 24-hour trading volume exceeding $2.4 billion, BNB’s liquidity and ecosystem strength are hard to ignore. As analysts weigh its potential, the big question remains: can BNB’s resilience and expanding utility push it past $1,000 in 2025? The answer could redefine its place in the market.

JetBolt’s Meteoric Rise: Over 200 Million Tokens Sold as Presale Gains Momentum

JetBolt (JBOLT) is cutting through the noise with a pragmatic approach to blockchain. By surpassing 200 million tokens sold in its presale, JetBolt isn’t just making a statement—it’s demonstrating what an emerging altcoin can achieve with a clear purpose.

JetBolt’s approach is refreshingly straightforward: solve the real problems that keep users from fully embracing crypto. Take gas fees, for example—a longstanding pain point for everyday users. JetBolt’s adoption of Zero-Gas Technology wipes out these gas costs, making blockchain interactions convenient and accessible.

For many early token holders, JetBolt represents accessibility and innovation. Whether it’s staking tokens with ease, using the intuitive Web3 wallet, or utilizing the AI-driven news aggregation tool, JetBolt offers a readily accessible ecosystem designed to empower its users.

With presale buyers receiving additional perks like Alpha Boxes and discounts that provide up to 25% extra tokens, JetBolt has managed to combine innovation with real-world utility. As its momentum builds, JetBolt’s rally could be a signal that whales are looking for new altcoins that offer practicality and new innovation for 2025.

Final Thoughts: BNB Eyes $1,000 as JetBolt’s Presale Momentum Surges

BNB’s ecosystem strength and resilience continue to shine, even as it navigates short-term bearish trends. With BNB reaching a new all-time-high price this month, some market observers speculate that Binance’s coin reaching $1000 isn’t so far-fetched. Meanwhile, JetBolt’s ongoing presale success and practical innovations highlight the growing demand for innovative blockchain solutions. With presale buyers getting immediate access to JetBolt’s easy-to-use features, it’s not surprising that this fresh entrant has reached more than 200 million token sales.

As 2025 approaches, the market watches closely: will BNB break new ground toward $1,000, and will JetBolt’

News source:en.cryptonomist.ch

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