This week, Solana (SOL) is rallying past $150 with an 8.43% rise over the last month. With its $5.4 billion in TVL, Solana’s scalability and low fees maintain its position as a top contender in the market. Meanwhile, JetBolt (JBOLT) is making headlines during its explosive presale, with crypto whales rapidly turning to its innovative ecosystem. Both Solana and JetBolt could see remarkable movements this month, and traders are watching closely as October unfolds.
Will SOL break $160? How far will JetBolt go? Let’s explore the latest Solana and JetBolt developments.
Will Solana (SOL) Surge in October? Key Factors to Watch
Solana (SOL) is making headlines this October with its recent 4% rise, pushing the price past the $150 resistance to $154.59. Now, traders are closely monitoring the SOL as it moves toward the $160 resistance. A successful close above this level could trigger further bullish movements, with some experts even predicting that SOL could reach $180 by the end of the month.
Technically, Solana’s price chart is also showing strong bullish indicators: the Relative Strength Index (RSI) is approaching overbought levels, signaling continued interest and demand. Meanwhile, the Simple Moving Average (SMA) shows that Solana remains above the 20-week EMA, which is a clear sign of an ongoing uptrend.
Recent developments also boost Solana’s price movements: the Total Value Locked (TVL) in Solana’s DeFi ecosystem has surged to $5.4 billion, representing a 2,000% increase from its post-FTX days. Additionally, Solana’s growing dominance in DEX trading volume, surpassing Ethereum (ETH), reflects rising activity in its ecosystem. Thanks to these developments, even though SOL experienced a sharp dip to $142 mid-week before rebounding with strong momentum, it has climbed back over $154, showcasing impressive resilience in the past 7 days and marking consistent gains towards the weekend.
Solana's 7-day trading chart from CoinMarketCap, showing a dip before recovering and peaking above $154
However, Solana’s bullish sentiment isn’t new. Exactly one year ago, Solana surged from $22 to $120 in just a few months, reaching a 606% rise by October 2023. This demonstrated the token’s strong resilience and ability for rapid growth, especially as it overcame post-FTX uncertainties.
Recent developments are adding to this momentum: Standard Chartered analysts predict Solana could soar to $330 as it approaches 50% of Ethereum's valuation. Rumors of Apple building on Solana’s blockchain are also fueling excitement. Additionally, Ethena Labs is considering adding $100-$200 million of SOL to its USDe stablecoin, signaling growing confidence in the ecosystem. Despite on-chain concerns, like 86 million empty wallets, raising some questions about engagement, Solana’s overall trajectory remains positive.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Meanwhile, whales are also excited about what’s next for JetBolt (JBOLT), a crypto presale gaining remarkable momentum thanks to its impressive blockchain capabilities. As JetBolt’s presale heats up, it’s becoming clearer that both Solana and JetBolt are the tokens to watch this October.
JetBolt’s Presale Success: The Altcoin Whales Just Can’t Ignore
JetBolt (JBOLT) is achieving rapid momentum with its presale showing no signs of slowing down. Having just launched in August 2024, JetBolt has already caught the attention of many crypto whales, luring them in with its innovative approach to blockchain transactions.
Powered by the Skale Network, JetBolt’s zero gas technology eliminates the burden of gas fees, enabling fast, efficient transactions that appeal to high-volume traders and developers alike. This feature opens doors to groundbreaking innovations across sectors like dApps, blockchain, SocialFi, and Web3, pushing the boundaries of decentralized ecosystems, and making JetBolt an ideal platform for creators looking to innovate without limitations.
As excitement around JetBolt continues to build, its Alpha Box presale perk is increasingly becoming a magnet for buyers. These special packages grant up to 25% additional JBOLT tokens for batch purchases, allowing early adopters to maximize their token acquisition from day one. This, coupled with daily price increases and a fully-functional ecosystem ready from the get-go, has sparked a surge in JetBolt’s presale whale activity, with stellar sales already surpassing $320,000.
As more crypto users seek out efficient platforms, JetBolt’s zero-gas and lightning-fast technology are setting the stage for the next big thing in crypto. With JetBolt’s presale success, it’s crystal-clear why blockchain whales are turning their focus toward this altcoin. Could October be the month JetBolt makes its major move?
In Summary: Will SOL and JetBolt Dominate October?
As Solana (SOL) pushes towards the $160 mark, its bullish trajectory is further fueled by $5.4 billion in TVL and rumors of Apple building on its blockchain. With expert analysts predicting a $330 price target, SOL remains a key focus this October. Meanwhile, JetBolt (JBOLT) is stealing the market’s spotlight, with whales drawn to its groundbreaking technology and presale success. Both coins are making waves—could this be the month they soar? Only time will tell.
Learn more about JetBolt’s exciting presale through the links below:
Official Website: https://jetbolt.io/
X/Twitter: https://x.com/jetboltofficial
Telegram Community: https://t.me/jetboltcoin
Note that this article is not financial advice. The cryptocurrency market is volatile and carries significant risk, so it’s important to conduct your own research prior to engaging. Always assess current market conditions and understand the risks before participating in cryptocurrency activities.
