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Cryptocurrency News Articles

XRP, Solana, Kaspa, and JetBolt Are the Key Cryptocurrencies to Watch Right Now

Nov 25, 2024 at 11:40 pm

With Ripple's XRP inching closer to $2 and Solana (SOL) breaking two all-time high (ATH) records back-to-back, market observers are abuzz with what's next.

XRP, Solana, Kaspa, and JetBolt Are the Key Cryptocurrencies to Watch Right Now

Cryptocurrency enthusiasts are keeping a close watch on XRP, Solana, Kaspa, and JetBolt as these digital assets showcase promising potential. With XRP inching closer to the $2 mark and Solana hitting back-to-back all-time highs, the crypto community is abuzz speculating on what's next.

Meanwhile, JetBolt continues to generate buzz with its zero-gas technology and impressive presale figures, while Kaspa's substantial trading volume and unique Proof-of-Work architecture pique the interest of crypto whales.

Let's delve deeper into each cryptocurrency's recent performance and upcoming trajectory.

XRP Surges Past $1: A $2 Dream in Sight?

XRP has been making headlines as it surges past the $1 milestone—a level not seen since 2021. This surge follows a period of relative stagnation, making this breakout particularly significant.

Last week, XRP recorded the largest whale purchase in three years, with over $526 million worth of XRP. This massive influx has set the XRP community abuzz, sparking speculations on how it could reach the $2 dream.

Adding to the excitement is the anticipated departure of SEC Chair Gary Gensler—a move that many believe could usher in a more crypto-friendly regulatory landscape.

However, XRP faces a crucial resistance at $1.50, which could pave the way for a rally toward the significant $2 mark. Indicators like the ADX (18.07) and ATR (0.1030) suggest increased volatility and potential for sharp price swings.

If XRP slips below the $1 support, it risks invalidating its bullish trajectory and retracing to the 20-day SMA at $0.67, highlighting the importance of holding key support levels.

Solana Stages Back-to-Back All-Time High Performances

Solana (SOL) has staged an extraordinary comeback, achieving all-time highs on both November 22 and 23, 2024, surpassing its previous peak from October 2021.

Now trading at $253.95, SOL has surged 22.3% in the last two weeks and boasts an incredible 332.7% year-over-year growth.

Solana's ecosystem is booming, boasting an impressive $318 billion in on-chain transfer volume, $11.26 million in daily network fees, and a total value locked (TVL) of $8.42 billion.

Solana's on-chain transfer volume is breaking records, but Glassnode suggests bots are behind the frenzy, sparking debate about the true drivers of its activity.

Bullish external forecasts are also gaining traction, with some experts eyeing a $500 target for SOL in the future. However, such a leap—nearly doubling its value—would demand extraordinary adoption and development.

With a Relative Strength Index (RSI) of 73.77, Solana is in the overbought zone; SOL's hot rally may encounter resistance or a cooling period soon.

From Zero-Gas to 66M Tokens: Why JetBolt Is the Talk of the Town

A wave of next-generation altcoins like JetBolt (JBOLT) is stealing the spotlight. JetBolt is a potential contender captivating crypto whales with zero-gas technology and intuitive, user-friendly features.

The heart of JetBolt's buzz is its zero-gas technology. Powered by the Skale network, this feature eliminates gas fees and revolutionizes efficiency and accessibility for users.

Beyond individual benefits, zero gas could be a transformative leap for dApps, SocialFi, and Web3 projects, breaking barriers that once hindered widespread crypto adoption as it eliminates the hefty gas costs.

JBOLT's interactive staking platform offers an engaging and rewarding journey for users of all skill levels. By simply logging in and actively participating, users can earn rewards.

Adding to the excitement, JetBolt's presale is turning heads with daily price increases and over 66 million tokens sold. Early adopters may enjoy exclusive perks, including up to 25% discounts and additional tokens through Alpha Box bundles.

As JetBolt continues to gain traction, crypto whales are paying attention. Many crypto enthusiasts are eager to explore innovative opportunities, and JetBolt is under their radar.

Kaspa's Path to $0.25: Is a Bullish Run Within Reach?

Kaspa (KAS) has been a focal point for crypto enthusiasts, especially whales keeping a close watch on its potential breakout. However, its recent momentum has slowed, raising questions about its next move.

Trading at $0.1525, KAS has remained range-bound between $0.10 and $0.18 for over a year—a consolidation phase that some analysts interpret as accumulation before a potential rally.

With a recent trading volume of $18

News source:techpoint.africa

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