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Cryptocurrency News Articles
Crypto Whales Target New Altcoin JetBolt (JBOLT) as Solana (SOL), Ethereum (ETH), and Dogecoin (DOGE) Experience Price Swings
Oct 15, 2024 at 10:00 pm
Billionaires have earned massive gains from buying Solana, Ethereum, and Dogecoin at the height of their early days. As these once-crypto giants experience price swings and mixed market sentiments today, a new player rises as the next big coin and target of whales: JetBolt (JBOLT).
Cryptocurrency prices have experienced significant ups and downs in 2024, with some coins performing well and others struggling to maintain their value. Among the best-performing coins this year is JetBolt (JBOLT), which has seen massive gains of 1,000% and is now valued at $0.0008. This impressive performance has attracted the attention of crypto whales and traders, who are now shifting their focus away from older coins like Solana (SOL), Ethereum (ETH), and Dogecoin (DOGE).
Here's a closer look at the latest updates on SOL, ETH, DOGE, and why crypto whales are now pivoting to JetBolt.
Solana (SOL) price analysis reveals that the coin has had a rough start to 2024, with prices dropping significantly from last year's all-time highs. After a brief recovery in January, SOL prices have once again started to decline, sparking concerns among traders.
Currently, SOL is trading at $151.97, with a 3.8% gain in the past 24 hours. However, over the past week, SOL prices have decreased by 4%, indicating a broader downtrend. Despite the recent gains, some analysts fear that SOL could still experience a deeper price correction. This is mainly due to the slowing down of on-chain activity, which had earlier helped propel SOL prices to new highs.
As a result of the flattening SOL price trajectory and the promising gains shown by younger altcoins, crypto whales are beginning to shift their holdings away from mainstream crypto assets.
Cryptocurrency traders are keeping a close eye on Ethereum (ETH) prices as the second-largest coin by market capitalization shows signs of weakness. After a strong rally in 2023, ETH prices have started to consolidate in 2024, sparking concerns among traders.
Currently, ETH is trading at $2,530.93, showcasing a slight decrease of 4% in the past two weeks. This consolidation phase could be attributed to several factors, including a recent supply overhang and rumors of a large ETH sale from China.
According to experts, this unexpected supply could put Ethereum in a not-so-good market position, as selling pressure might increase in the coming weeks. At press time, ETH is also facing challenges as Uniswap's Unichain prepares to go live. This could put inflationary pressure on ETH, as the decentralized finance protocol makes a large contribution to Ethereum revenue and daily burnt ETH.
Dogecoin (DOGE) has been on a bumpy ride recently, continuing its downward trend from last year. However, some positive indicators suggest that a breakout could be on the horizon.
Currently, DOGE is trading at $0.1118, showing a slight gain of 0.6% in the past 24 hours. This price movement comes as DOGE shows some resilience, trading above the crucial $0.11 support level.
Analysts are highlighting the recent surge of on-chain activity on DOGE's network, which could be a sign of increased interest from crypto buyers. According to the latest data, Dogecoin has seen a spike in its network activity for eight months, achieving over 133,000 active addresses.
With DOGE’s continuous struggle to break past key resistance levels and the impressive gains shown by upcoming altcoins, crypto whales are pivoting their crypto assets.
Cryptocurrency traders and whales are flocking to JetBolt (JBOLT) in droves as the coin continues to sell out during its presale. Despite being a new coin, JetBolt has managed to attract massive attention with its unique features and bonuses.
JetBolt is a new-age cryptocurrency that aims to revolutionize the way people interact with crypto. It is designed to be easy to use, fast, and affordable, making it ideal for everyday use.
One of the standout features of JetBolt is its zero gas technology, which allows users to carry out transactions without having to pay any gas fees. This is a major pain point for many crypto users, especially those who are making frequent small transactions.
JetBolt has also devised a unique strategy to reward early adopters and bulk purchasers during the presale. Buyers who purchase JetBolt (JBOLT) tokens in batches will receive 25% bonus tokens. This incentive is designed to encourage whales to accumulate tokens at an astounding rate throughout the presale.
With older coins, like SOL, ETH, and DOGE, showing sluggish growth in 2024 so far, it's no wonder why large traders are pivoting to younger rising players, like JetBolt.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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