November 19, 2024
Cryptocurrency News

Why Whales Think Solana Could Pass $500 as JetBolt Continues to Gain Momentum

Solana (SOL) and JetBolt (JBOLT) are dominating crypto discussions, capturing whale interest as altseason speculation intensifies. Solana’s recent 54.73% monthly surge, driven by record-breaking DEX volumes and technical indicators, has sparked projections that SOL could soar past the $500 mark. Meanwhile, JetBolt is making headlines with its innovative zero-gas fee technology, which has already fueled the sale of over 66 million tokens during its presale.

Could Solana’s On-Chain Metrics Push SOL to $500?

Solana (SOL) is gaining momentum, trading at $240.14 after a 54.73% monthly surge. Independent analyst Titan of Crypto pointed out a bullish cup-and-handle pattern on Solana’s monthly chart.

One-month price chart of Solana (SOL), highlighted by Titan of Crypto, reveals a bullish cup-and-handle pattern with a 95% success rate.

This pattern, with a historical success rate of 95%, suggests significant upside potential for Solana. Titan noted that clearing Solana’s previous all-time high of $260 could push SOL into a price discovery phase, possibly targeting $400 or more.

On-chain data shows Solana’s DEX trading volume hitting a weekly record of $41.2 billion. According to DefiLlama, Solana now controls 48.27% of the total DEX volume, compared with Ethereum’s modest 10.55%.

Solana’s growth is supported not only by its technical achievements but also by its thriving ecosystem. Platforms like Raydium, which recorded $4.2 billion in 24-hour trading volume, underline Solana’s capacity to handle high activity.

With strong fundamentals, Solana remains a token to watch as many eye SOL’s journey toward $500. However, Solana is not the only asset capturing the attention of whales. Emerging projects like JetBolt are also carving their space in the market.

Why JetBolt (JBOLT) Continues to Gain Momentum

JetBolt (JBOLT) is rapidly establishing itself as a next-generation altcoin, offering innovative features that address critical blockchain challenges. Powered by the Skale Network, JetBolt’s zero-gas fee model eliminates gas fees, a groundbreaking approach that resonates with users and developers seeking cost-efficient solutions.

Another standout feature is JetBolt’s AI-powered insights tool, which aggregates blockchain news and market updates into a user-friendly format. This entertaining feature appeals to both seasoned crypto holders and newcomers looking to stay informed.

JetBolt also introduces a socially connected staking system, enabling users to earn rewards through active engagement. This community-driven approach enhances user interaction, fostering a sense of connection among participants.

During its presale, JetBolt has already sold 66 million tokens, reflecting significant early interest. The presale includes Alpha Boxes, which reward bulk purchases with up to 25% JBOLT bonus tokens. The presale price also goes up every 24 hours, further incentivizing early adoption.

With its blend of zero-gas efficiency and innovative features, JetBolt continues to capture attention as a disruptive force in the altcoin space.

Final Thoughts: Why Are Whales Following Solana’s Race to $500 and JetBolt’s Momentum

For Solana, achieving $500 would likely require sustained ecosystem growth, increasing trading activity, and favorable market conditions. On the other hand, JetBolt is redefining expectations with its zero-gas fee technology and other cutting-edge features. JetBolt’s ongoing presale momentum highlights its appeal as a practical and innovative solution in the crypto market.

While Solana strives to solidify its lead, JetBolt’s bold innovations could reshape the future of crypto. Whales are keeping an eye on JetBolt, which might just be the next big thing.

Learn more about JetBolt’s presale and features on the JetBolt website. You can also join the community on Telegram or follow updates on X (formerly Twitter).

Disclaimer: This article is for informational purposes only. Consult a financial expert and research thoroughly before engaging in any cryptocurrency.

This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article