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Cryptocurrency News Articles

Crypto Whales Load Up on Solana, JetBolt, XRP, and Toncoin Ahead of Trump Takeover

Nov 15, 2024 at 11:53 pm

Crypto whales are making swift moves ahead of the Trump administration's anticipated crypto pivot. Solana's (SOL) DeFi dominance, XRP's legal optimism, Toncoin's (TON) Telegram integration, and JetBolt's (JBOLT) presale triumph are driving a frenzy.

Crypto Whales Load Up on Solana, JetBolt, XRP, and Toncoin Ahead of Trump Takeover

Cryptocurrency prices are surging as traders anticipate a pro-crypto stance from the Trump administration. Among the altcoins seeing strong demand are Solana (SOL), XRP, Toncoin (TON), and the up-and-coming JetBolt (JBOLT).

Solana’s DeFi sector is thriving once again, with $16 billion in transactions processed this week alone. This marks a significant increase from the previous week, which saw an average of $8 billion in transactions. Raydium (62%) and Orca (22.2%) continue to lead the pack in terms of交易量份额.

Solana’s Real Economic Value (REV) has also surged to 111% of Ethereum’s. This metric, which measures the total value locked in DeFi protocols relative to the native token’s market capitalization, provides insight into the DeFi activity on a chain. A higher REV indicates a greater proportion of the native tokenϖs being utilized in DeFi.

Technically, $210 acts as SOL’s key support, with resistance at $240 and its all-time high of $258 within reach.

Crypto whales are piling into Solana ahead of Trump’s pro-crypto administration, drawn by its Decentralized Physical Infrastructure Networks (DePIN), which power innovative projects like Hivemapper, mapping 28% of global roads, and Helium, with its 20,000-device network. Solana’s blockchain is also set to host the upcoming Robinhood Markets listing, which is expected to further boost demand for SOL.

Solana’s DeFi dominance, Robinhood listing, and surging $10 price level are all signs of a blockchain ecosystem that crypto whales aren’t willing to miss out on. As the Trump administration prepares to take office, crypto whales are positioning themselves for the next major market shakeup.

XRP is also experiencing a notable rally, currently trading at $0.8006, with gains of 12% in the past 24 hours and 30.57% over eight days. This week, XRP has surged from $0.55 to $0.80, showing strong upward momentum as buyer confidence grows, spurred by regulatory optimism and increased whale activity.

XRP 7-day price surge from $0.55 to $0.80, showing upward trend. Photo: CoinMarketCap

This surge follows rumors of SEC Chair Gary Gensler’s resignation and growing optimism for crypto-friendly regulations under Trump’s administration. Crypto analysts are predicting a possible rally to $0.90, with a longer-term target of $1.00, provided XRP breaks through the critical $0.80 resistance.

Ripple is also drawing attention from crypto whales, thanks to its recent price surge and possible legal victory in its ongoing SEC battle. With optimism surrounding the announcement of RLUSD stablecoin trials, XRP’s addition to Robinhood Markets, and its partnership with Societe Generale-Forge for the EURCV stablecoin, whales are buying up XRP before the Trump office possibly shifts the regulatory landscape in favor of crypto.

Toncoin (TON) has been gaining attention from crypto whales, trading at $5.27 as of press time, with a 9.13% rise over the past week. With a market cap of $13.42 billion, Toncoin is gaining traction. Crypto analysts suggest that a breakout above the $5.90 resistance could send it toward $6, with possibilities for $8 before the end of the year.

Despite recent growth, TON hasn’t yet experienced explosive momentum like other altcoins, but its solid performance in the DeFi space and Web3 adoption are positioning it for long-term success.

Toncoin’s Web3 integration with Telegram is a major factor in its rising popularity among crypto whales. Telegram, which boasts over 700 million monthly active users, is set to launch its own Web3 domain names in the coming months. This move will further enhance the visibility and accessibility of Web3 projects, such as Toncoin.

What’s driving whales to buy Toncoin before the Trump takeover? It’s Toncoin’s strategic positioning in the Web3 space, bolstered by its thriving ecosystem, strong market liquidity, and integration with Telegram, which continues to fuel buyer enthusiasm ahead of major regulatory changes.

JetBolt (JBOLT) has stormed onto the crypto scene with its groundbreaking presale, instantly making waves among crypto whales looking for innovative opportunities.

For crypto users and developers tired of high gas fees and slow transactions, JetBolt’s zero-gas technology is a breath of fresh air. This revolutionary feature, powered by the Skale Network, allows for fast, seamless transactions without the usual gas costs.

News source:www.coinspeaker.com

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