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Cryptocurrency News Articles
Kaspa, JetBolt, Solana, and Dogecoin: Top Contenders to Buy Before the Next Crypto Bull Run
Nov 14, 2024 at 01:21 am
All eyes are on Kaspa, JetBolt, Solana, and Dogecoin as top contenders to buy before the next crypto bull run. Kaspa's game-changing GHOSTDAG protocol alongside JetBolt's revolutionary zero-gas technology has captured the attention of crypto whales looking for innovative projects.
Top cryptocurrencies like Kaspa, JetBolt, Solana, and Dogecoin are seeing a surge in interest from insiders, sparking speculation about an impending crypto bull run. Here's a closer look at each contender and the factors driving their popularity.
1. Kaspa: A Standout Contender with GHOSTDAG Protocol
Kaspa (KAS) is emerging as a promising contender in the potential bull run, capturing the attention of crypto whales and enthusiasts alike. Its unique GHOSTDAG protocol, designed to enable parallel block creation and integrate them into consensus without conflict, is a key factor in its appeal. This innovative approach addresses critical scalability challenges, making Kaspa a future-oriented solution in blockchain technology that resonates with today's high-volume crypto investors.
Currently trading at $0.1311 with a market cap of $3.3 billion, Kaspa is positioned only 35% below its all-time high. Supporters are optimistic about its potential to break through the $0.20 resistance level once again.
However, a recent downward trend in Kaspa's price has sparked some caution. If the bearish momentum persists, analysts suggest the price may revisit the $0.10 support level, presenting a possible test for holders and a potential entry for strategic buyers.
2. JetBolt: Rapid Presale, Zero-Gas Technology, and More
In a unique move, crypto platform JetBolt (JBOLT) has managed to sell over $550,000 in tokens three months into its presale. Its standout feature is zero-gas technology, which sets JetBolt apart by eliminating gas fees to provide developers with a cost-effective platform for building Web3 projects.
But JetBolt offers more than just zero-gas transactions. Its AI-powered insights tool keeps users effortlessly connected to the latest crypto insights and news. Plus, JetBolt introduces an interactive staking system that rewards active engagement within the platform.
To further entice early adopters and crypto whales, JetBolt is rolling out Alpha Boxes with up to 25% bonus tokens on large purchases. This creates a scenario where early adopters and whales are enticed to purchase more tokens at a discounted rate, especially ahead of an anticipated price increase.
3. Solana: Surging on Trump Victory, Eyeing All-Time High
Solana (SOL) has surged over 34.9% in the past month, reaching an impressive high and sparking excitement among investors. Currently trading at $205.39 with a market cap of $96.8 billion, Solana is on a promising trajectory, especially with president-elect Donald Trump's pro-crypto stance. Experts are optimistic that his administration could propel Solana toward its previous all-time high of $260.
A graph from CoinMarketCap shows that Solana is trading sideways this week.
However, former NSA contractor Edward Snowden made headlines with his criticism of the coin. According to Snowden, the company's heavy reliance on venture money could steer its path in a direction that aligns with the interests of a select few.
While Snowden's remarks could factor into SOL's price, analysts are largely optimistic about a potential breakout as SOL inches closer to the $220 mark.
4. Trump Win, Musk Influence Drive Dogecoin Rally
Dogecoin has experienced a surge of 95.2% this week, currently valued at $0.379 and sparking excitement among investors. Trump's victory has brought fresh optimism to the cryptocurrency community, with investors viewing the meme coin as a fun-loving yet promising asset in the current climate.
Meanwhile, Musk's continuous endorsements on X are generating excitement and attracting new buyers to Dogecoin, underscoring his role as a key market mover. His comments have historically triggered rapid price spikes, and this latest Dogecoin rally is no exception, showing how much influence he wields over the coin's value.
However, Dogecoin's climb may be met with some resistance. With its Relative Strength Index (RSI) entering an overbought territory, there's a possibility of a price correction if the buying frenzy slows down.
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