Why Are Crypto Whales Buying Toncoin (TON), Solana (SOL), XRP, and JetBolt (JBOLT) This December 2024?

As altcoins gain popularity, and newcomers like JetBolt (JBOLT) redefine blockchain with gas-free transactions and user-friendly features

Cryptocurrency prices today are showing mixed trends, with some altcoins like Solana (SOL) and XRP (XRP) continuing to gain momentum.

While Solana is consolidating near $219, XRP is eyeing the $2.60 resistance level ahead of Ripple’s RLUSD stablecoin launch.

Meanwhile, Toncoin (TON) is holding steady at $6.11, attracting attention from investors.

As we approach the end of 2024, let’s take a closer look at these altcoins and explore why they are catching the目光 of crypto whales this December.

Breaking Down the Latest Price Movements

Solana (SOL) is currently trading at $214, down by 1.29% in the last 24 hours, but still showing resilience after hitting a record high of $263 last month.

Despite a recent dip to $204.21, several crypto analysts are optimistic about SOL’s next move.

According to Henrik Zeberg, Solana’s consolidation phase is a healthy process, especially after reaching its highest price this year.

Moreover, cofounders of Glassnode also suggest that a breakout above $235 could trigger a rally back to SOL’s previous peak.

With the塵埃 settling and key resistance levels coming into view, will SOL gather enough steam to reclaim its highs and soar toward new targets? Only time will tell.

XRP, on the other hand, is showing signs of recovery after a year filled with legal battles.

Currently trading at $2.47, XRP has gained 2.6% in the past 24 hours.

Following Ripple’s partial victories against the SEC earlier this year, several analysts are watching closely for XRP’s next move.

After successfully predicting XRP’s November rally, DonAlt suggests that the token could double in price if it breaks above its current resistance at $2.60.

Since early December, XRP has been consolidating between $2.20 and $2.60, gathering momentum for what other experts predict could be a major breakout.

As we approach December 17, the launch of Ripple’s RLUSD stablecoin is also generating interest among investors, especially considering the institutional interest that continues to build.

Finally, we have Toncoin (TON), which is back in the spotlight after climbing above $6.50 for the first time since August and gaining 8.8% in the past week.

However, today’s price shows a slight dip to $6.11, with a decrease of 3.89% in the last 24 hours as the market takes a breather.

Despite this, key metrics like the 90-day percent return have flipped positive, which is historically a sign of growing investor confidence and potential bullish momentum.

CryptoQuant analyst Darkfost highlights the importance of this metric, noting that it often precedes significant upward trends.

Although still 24% below its all-time high of $8.25, Toncoin’s renewed activity has several analysts and investors watching closely.

Could this mark the start of a sustained rally? Experts say to watch out for more bullish or bearish patterns as 2024 draws to a close.