Ethereum (ETH) has just shot up over 13% in a week following an overwhelmingly positive week for crypto. With Ethereum’s price surge, experts are analyzing everything from on-chain activity to ETH market sentiment. Many believe Ethereum’s underperformance could be at an end and a price breakout could be imminent. As Ethereum investors await the outcome of the US presidential elections, many crypto whales have already started to accumulate JetBolt (JBOLT), a new zero-gas altcoin.
Ethereum (ETH) Market Analysis
Writer Will Canny at Coindesk has compared Ethereum to the Microsoft of Blockchain. Ethereum is one of the most vital pieces of infrastructure in crypto. Not only does ETH power millions of transactions per day, but it also supports a growing number of layer 2 chains. Ethereum’s standards are widely adopted, from Solidity to ERC-20, Ethereum is clearly the powerhouse of Web3.
However, Ethereum’s native token ETH has not performed well. Ethereum’s on-chain activity and gas prices have been surprisingly low, and for many this is a signal that the coin is on the decline. However, the reality is that Ethereum is a victim of its own success, which has put it in a temporary glut.
Ethereum’s scaling into layer 2s and layer 3s has been so successful that most on-chain activity has moved onto these rollups. Since these chains only consume a fraction of the gas needed on mainnet, demand for Ethereum used to pay transaction fees has drastically decreased. Yet it is important to note that many scaling solutions use ETH as their native token and that this move towards roll ups will likely pay off for Ethereum in the long term.
One such scaling solution is JetBolt (JBOLT). JetBolt is in its early stages and its presale has gotten off to an incredible start. Many Ethereum whales have started purchasing JetBolt tokens as the new altcoin continues to gain momentum.
Ethereum (ETH) Price Projections
Analysts expect Ethereum (ETH)’s price growth to be modest in 2024. Most experts are predicting around 5% growth with ETH’s price maxing out at $ 2,798.00 in 2024. In the long term, most predict that Ethereum could grow substantially. Ethereum’s price will likely stay within the $3,000 and $4,000 range in 2025. On a 10 year horizon, Ethereum could surpass $10,000 and rival Bitcoin (BTC) in market capitalization.
JetBolt (JBOLT)’s $180,000 Presale Surge
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
JetBolt (JBOLT)’s presale is blowing up. JetBolt is a new altcoin that is bringing zero-gas technology to the forefront. Built on the Skale network, an Ethereum scaling solution, JetBolt is allowing users to make transactions on-chain without any fees. JetBolt is also re-inventing Web3 tech with its own wallet solution that is much easier to use than conventional wallets. JetBolt is packed full of adoption incentives, from daily price increases to alpha box discounts, it’s no wonder that Ethereum whales are snapping up large amounts of the JBOLT tokens.
With a new crypto bull run on the horizon, many dApp developers could flock to JetBolt in hopes of a smoother gas free experience for their users. As JetBolt continues to grow, this early stage opportunity is definitely worth exploring further.
Conclusion: Scaling Solutions are Ethereum’s Future
As Vitalik Buterin himself leads the charge towards Ethereum (ETH) scaling, the potential of new high level low gas solutions is undeniable. While these new technologies may have temporarily halted Ethereum’s price growth, they are needed for the long term. One such solution is JetBolt, which is quickly gaining popularity and momentum. If you are interested in early stage cryptocurrency opportunities, I suggest checking out JetBolt. Don’t wait since the token’s price is increasing daily:
Official Website: https://jetbolt.io/
Telegram: https://jetbolt.io/telegram
X (Formerly Twitter): https://x.com/JetBoltOfficial
