Ethereum (ETH) and Solana (SOL) battle to regain their former glory. While SOL has recently shown resilience, ETH is struggling to maintain its previous bullish momentum.
While these crypto giants strive to meet high-growth expectations, a new altcoin with cutting-edge innovations challenges the status quo. JetBolt (JBOLT) is a young altcoin that offers game-changing features like zero gas fees and more.
Will Ethereum and Solana be able to bounce back and reclaim their glory? Or will JetBolt’s momentum continue to captivate the market and steal the spotlight for good?
Ethereum (ETH) Price Slips Despite Surge in Accumulation Addresses
Ethereum (ETH) has been showing signs of weakness lately. As of this writing, ETH is trading at $2,619, demonstrating a 1.3% price dip over the past 24 hours. Despite this dip, accumulation addresses have doubled since January 2024, which others see as a positive development on Ethereum’s on-chain activity.
According to the latest data, the total number of ETH in accumulation addresses surpassed 19 million. This figure means a significant number of holders have held their ETH tokens for quite some time.
Despite this notable update on Ethereum, market experts say ETH might continue with its price decline. ETH is currently in a short-term bearish zone. Crypto insiders pointed out that if ETH continues its retracement, it could dip further to retest its daily support level of around $2,461.
As ETH grapples to maintain its upward trajectory, crypto whales are diversifying with newer altcoins offering revolutionary features and utility. One such coin that’s recently drawn the attention of whales is the zero-gas coin JetBolt (JBOLT).
Analysts See Bearish Trend Amid SOL’s Increased On-Chain Activity
Solana’s price had plummeted below $150 not too long ago, and although it’s making strides recently, some analysts suggest the recovery may not be as convincing as it once was. At press time, SOL is trading at $165.10, reflecting a 1.8% price drop over the past 24 hours.
SOL was up 7.5% over the past seven days, reportedly due to a surge in on-chain activity. Robinhood Crypto and VanEck both recently revealed key developments on the Solana network. In another significant development, SOL’s total value locked (TVL) also increased to $6.4 billion, the highest SOL has achieved since two years ago.
While things are starting to push toward healthier trends for SOL, some experts warn of the risk of price drops as a bearish flag formation opens up. This is one of the popular technical indicators of bearish price movements. Because of this, whales have started to look for other crypto assets that may suit their existing holdings. JetBolt (JBOLT) is an emerging new coin that’s been capturing the attention of whales lately.
New Altcoin JetBolt Soars as Whale Activity Surges
As Ethereum and Solana strive to bounce back, young altcoin JetBolt (JBOLT) is gaining traction. Since its presale commenced just over two months ago, JetBolt has already sold over 40 million tokens.
Many crypto whales are accumulating JetBolt tokens because of its game-changing features and functionalities. JetBolt offers zero-gas technology, which allows crypto users to make effortless transactions with no gas fees involved. In today’s crypto landscape, where most transactions in blockchains incur expensive gas fees, this is JetBolt’s innovative way to address a crypto user’s most prominent pain point.
JetBolt also boasts many other next generation features, including an AI-powered tool that gives its holders the latest crypto news and insights so they can stay ahead of the market. JetBolt also has a staking platform that rewards holders who stake their coins – making earning crypto so simple.
Apart from its exciting features, whales accumulating JetBolt tokens are rushing to its presale because of the exciting perks it offers to early buyers. Early adopters can enjoy as much as 25% additional tokens for token batch purchases. This is a huge advantage for crypto whales who like scooping up tokens in large quantities. Newcomers can also benefit from this as they can hold large amounts of JetBolt tokens at attractive rates.
With JetBolt’s growing presale momentum, special benefits, and revolutionary features, more whales are flocking to this new altcoin, reinforcing its rising popularity.
Conclusion – Whales Rush to JetBolt as ETH and SOL Await Massive Price Recovery
While Ethereum and Solana attempt to recover from their recent struggles, crypto whales continue to seek coins that showcase the capacity to skyrocket with their existing features. JetBolt, a fresh entrant in the market, has been witnessing a surge in whale activity as its presale bursts onto the crypto scene. With its groundbreaking features like zero gas fees, JetBolt captures the imagination of crypto enthusiasts eager for the next chapter in crypto innovation.
More details about JetBolt’s ongoing presale can be found here:
- 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 practice due diligence and conduct thorough research before acquiring any cryptocurrency. All cryptocurrencies are inherently risky and unpredictable.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
