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Cryptocurrency News Articles
Solana (SOL) Struggles to Regain Footing as New Altcoin JetBolt (JBOLT) Presale Soars
Oct 10, 2024 at 11:59 pm
In today’s news, Solana (SOL) has seen both heightened interest and skepticism, with recent comments from Standard Chartered labeling it “overpriced
Solana (SOL) has attracted both heightened interest and skepticism in today’s news cycle, with recent comments from Standard Chartered labeling it “overpriced”, while technical indicators suggest a potential breakout. Meanwhile, crypto whales are taking notice of JetBolt (JBOLT) as its presale bursts onto the scene with a whopping 40 million tokens sold, worth over $280,000.
As SOL price drops, will it finally see a 200% pump, or will JetBolt’s explosive presale and cutting-edge zero-gas feature continue to pull in the whales? Let’s find out.
Solana Price Analysis: Can SOL Rally 200% as Solana On-Chain Activity Surges?
Solana (SOL) has been one of the top altcoins known for its fast transactions and incredibly low costs. However, the price of SOL has been under some pressure recently, dropping over 7% in the past week.
Despite this, Solana’s on-chain activity is surging, with its network now crossing 100 million active addresses, which some analysts are taking as a sign of growing engagement on the platform. Although, Solana data provider Hello Moon reported that 86 million users out of the 100 million active addresses hold only little or no SOL tokens at all.
Solana also saw a significant 87% increase in new token launches on its network. Solana’s on-chain activity may be booming, but the price of SOL doesn’t seem to be catching up with these recent developments.
Some analysts are predicting further price dips, while others suggest SOL could see a massive price rally as high as 200%. Due to the conflicting signals, market sentiment around SOL remains mixed.
According to analysts, Solana’s ability to pump will depend on several factors, including whether whales and retail investors can regain confidence in its price momentum. But for now, a large upside in SOL’s value seems unlikely. This is leading some whales to seek out younger coins that offer cutting-edge features, like the zero-gas coin JetBolt.
Whales are Accumulating JetBolt Tokens – Here’s Why
As crypto pumps like SOL’s fizzle out, whales are left searching for the next big coin, and their footprints are leading them to the new altcoin JetBolt (JBOLT) in droves. JetBolt’s stellar presale figures further intensify the momentum of this new coin.
JetBolt has sold over 40 million tokens amounting to over $280,000 within just over two months after its presale launch. These figures represent impressive milestones for any crypto that is as new as JetBolt.
JetBolt’s groundbreaking zero-gas technology provides a breath of fresh air to crypto enthusiasts as high gas fees continue to plague other blockchain networks. This feature is particularly useful for whales who move large amounts of crypto and want to avoid significant losses due to gas. JetBolt’s zero-gas tech also appeals to developers who can now build dApps without the worries of gas fees.
For whales who want the latest technologies seamlessly integrated into the coins they hold, JetBolt is the perfect fit, as it offers an AI-powered news and market insights tool. Harnessing the power of artificial intelligence, this tool helps buyers and traders stay updated on the latest blockchain trends and developments.
Apart from impressive features, whales can enjoy up to 25% additional tokens upon token batch purchases. This is among JetBolt’s exciting presale perks, perfect for those wanting to purchase and hold more tokens. Whales are increasingly pouring into JetBolt, recognizing its notable presale benefits and cutting-edge features as a next-gen altcoin that could reshape the market.
Wrap Up — Solana’s Massive Surge Remains Uncertain as JetBolt’s Presale Soars
To wrap up, Solana struggles to regain its footing despite a surge in network activity. Solana may experience modest price gains along the way, but a 200% pump seems unlikely yet as increasing on-chain activity has failed to provide the boost SOL’s price needs.
Meanwhile, JetBolt shines in the crypto spotlight as whales flock to its ongoing presale. The rise of new altcoins like JetBolt signifies the growing demand for coins that showcase cutting-edge innovations in the market, like JetBolt’s zero-gas technology and AI-powered utility.
For those interested in JetBolt’s ongoing presale, visit the following links:
Official Website: jetbolt.io
Telegram Channel: https://jetbolt.io/telegram
X/Twitter Page: https://x.com/JetBoltOfficial
This article does not offer any financial advice. Always conduct thorough research before engaging with any crypto asset. All cryptocurrencies carry inherent risks and can be volatile.
Disclaimer:info@kdj.com
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- Uniswap (UNI) Breaks Past $8.20 Mark, Signaling Potential for Further Gains
- Oct 11, 2024 at 02:15 am
- Uniswap (UNI) has achieved a commendable milestone by breaking past the $8.20 mark, a recent high that positions it favorably amidst a predominantly bearish trend in the broader cryptocurrency market. This significant price increase reflects growing excitement surrounding UNI and suggests the potential for further gains.
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- Uniswap (UNI) Surges 11% as DEX Platform Announces Unichain Layer-2 Network Launch
- Oct 11, 2024 at 02:15 am
- Uniswap, a leading decentralized exchange platform, has announced a major development for its network and ecosystem. The news helped Uniswap's native token UNI to soar double digits on Thursday.