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Cryptocurrency News Articles
Kaspa (KAS), Toncoin (TON), JetBolt (JBOLT), and Avalanche (AVAX) Are 4 Coins That Crypto Whales Are Quietly Keeping an Eye On
Nov 22, 2024 at 01:00 am
Kaspa (KAS), Toncoin (TON), JetBolt (JBOLT), and Avalanche (AVAX) are emerging as 4 coins that crypto whales are quietly keeping an eye on.
Crypto whales are known for their ability to move quietly in the market, giving them the first opportunity to identify and acquire promising coins. Several coins are quietly gaining momentum and attracting the attention of whales, including Kaspa (KAS), Toncoin (TON), JetBolt (JBOLT), and Avalanche (AVAX). Here's a closer look at each coin and the factors contributing to their growing appeal among crypto whales:
1. Kaspa (KAS): Kaspa is a proof-of-work blockchain that utilizes the GHOSTDAG protocol, enabling fast and scalable transactions. Throughout 2023, Kaspa has shown remarkable resilience during market downturns and is now positioned for a potential breakout. Having spent the past year consolidating within a range of $0.08 to $0.19, Kaspa is poised to make a significant move.
According to ParabolicPump, a prominent technical analyst, repeated tests of the crucial resistance at $0.19 could weaken Kaspa's hold at this level, increasing the likelihood of a breakout. If Kaspa manages to breach this resistance zone, KAS could be targeting the next psychological and technical round number at $0.25.
On the other hand, a prolonged accumulation period around the $0.08-$0.10 zone has enabled the formation of a solid support area, where “smart money” is also said to be quietly building up their positions. Recent price action has seen Kaspa bouncing off this zone, supported by bullish higher lows and a breakout from a descending green channel.
2. Toncoin (TON): Toncoin is another coin that has been quietly gaining ground with its deep integration within the Telegram ecosystem. Recently, Telegram announced a $10 million initiative to support the growth of decentralized applications on the Toncoin blockchain, underscoring Toncoin's commitment to community-driven adoption.
As of press time, TON is priced at $5.32, having made modest gains over the past month. Toncoin's bullish sentiment is further reflected in its technical indicators. The Relative Strength Index (RSI) hovers above neutral levels, suggesting the potential for continued upward movement.
Key resistance levels for Toncoin are seen at $6.41 and $8, which could propel TON towards the next significant round numbers. If the bullish trend continues, Toncoin is poised to further cement its role as a blockchain with mainstream appeal.
3. JetBolt (JBOLT): Among the younger altcoins emerging in the crypto space, Jetbolt (JBOLT) is making waves with its innovative features designed to revolutionize blockchain usability. Notably, JetBolt boasts a zero-gas-fee system.
In the blockchain realm, gas fees have long been a contentious issue, especially for smaller transactions or users in developing countries. JetBolt's approach to eliminating gas fees could open up new possibilities. Developers would be empowered to build innovative applications without the constraints of high gas costs, and users would be able to transact freely without any financial hurdles.
Moreover, JetBolt is introducing a novel concept in the realm of staking. Traditionally viewed as a solitary activity, JetBolt adds a social dimension by enabling users to connect with friends and earn additional rewards through their interactions. This unique approach adds a fresh and interactive layer to JetBolt's game-changing features.
Since its launch in August 2024, JetBolt's presale has been a key focus, attracting the attention of crypto enthusiasts. Over 66 million tokens have been sold during this period.
Interestingly, the presale also features daily price increases and Alpha Boxes, which offer up to 25% extra tokens for batch purchases, further contributing to the enthusiasm surrounding JBOLT tokens.
4. Avalanche (AVAX): Finally, Avalanche has been exhibiting bullish momentum, evident in its 19.34% gain over the past month. Trading at $33.36 as of press time, Avalanche is supported by bullish patterns such as a golden cross and strong on-chain activity, which are generating optimism among analysts.
In terms of price targets, some analysts believe AVAX could reach the $50 level soon, while the longer-term target, based on previous market cycles, is around $130. Notably, Avalanche's ecosystem growth plays a pivotal role in its sustained rise.
Partnerships with major institutions, such as BlackRock, and the introduction of tokenized assets through Securitize, highlight Avalanche's push for real-world adoption. Additionally, the Avalanche team is teasing a significant upgrade, further adding to the excitement surrounding the project.
With its expanding use cases and strong technical signals, Avalanche is positioned for continued momentum in the coming months.
These four coins—Kaspa, Toncoin, JetBolt, and Avalanche—each possess unique strengths and abilities that could positively disrupt the market. While crypto whales may not want you to know about them, their potential to shape the
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