Ethereum Price Prediction: Can ETH 10x this Altseason and Whales JetBolt Surge

October 16, 2024
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4 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

As altseason builds momentum, the spotlight has turned to Ethereum (ETH) and a rising altcoin, JetBolt (JBOLT), which are capturing attention for different reasons. Ethereum’s recent upgrades boost its appeal for whales seeking a more reliable asset, while JetBolt’s zero-gas model and presale success position it as an exciting emerging coin with next generation features. This season, some whales are exploring the established tokens like Ethereum, while others consider the innovation of emerging players like JetBolt.

But can Ethereum realistically achieve a 10x gain this altseason? Could whales propel JetBolt’s surge? Here’s a look at what whales see in each asset, showing two distinct strategies within the altcoin space.

Ethereum’s Speculative Growth Potential: Why It Appeals to Whale Investors

Ethereum remains a popular choice among whale investors, especially during altseason. As the largest smart contract platform, Ethereum provides a robust ecosystem with recent upgrades enhancing its sustainability and efficiency. With its transition to Proof-of-Stake (PoS) and the anticipated Shanghai update, expected to enable staked ETH withdrawals, Ethreum has addressed hurdles around energy use and transaction speed.

However, the notion of Ethereum achieving a 10x gain this season remains speculative. At its current price of around $2,618, a 10x increase would imply ETH reaching over $26,000—a highly ambitious target for a single altseason. For Ethereum to reach such growth, it would require unprecedented demand and substantial institutional interest beyond typical altseason levels. Although the PoS transition and upgrades add value, such gains likely necessitate a dramatic increase in Ethereum’s adoption across decentralized finance (DeFi), non-fungible tokens (NFTs), and layer-2 solutions.

Presently, Ethereum’s price movements demonstrate resilience, though a major breakout is yet to be seen. ETH is trading near key levels, with support around $2,500 and resistance close to $2,800. For whale investors, breaking through this $2,800 mark could signal the start of further gains. Large buy-ins at critical price points often reflect whale confidence in Ethereum’s potential. 

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While a 10x increase is unjustified, Ethereum’s momentum may still test new highs as altseason unfolds. In contrast to Ethereum, which is known for its high gas fees, new contenders like JetBolt are capturing attention with fresh approaches to transaction affordability and efficiency.

JetBolt’s Zero-Gas Model: A Fresh Altcoin Strategy for Whales

While Ethereum attracts whales with its established infrastructure, many are also fed up of the network’s burdensome gas fees, leading them to explore newer altcoins with disruptive potential, like JetBolt (JBOLT). JetBolt has quickly gained attention during its presale, owing to its zero-gas model, which eliminates gas fees completely. Developed on the Skale network, JetBolt may be an ideal platform for users who need to carry out multiple transactions but want to avoid the hassles of costly fees.

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Combined with zero gas fees, JetBolt’s instant transaction finality supports real-time applications, especially in sectors like gaming and DeFi, where speed and cost-efficiency are crucial. By lowering barriers for frequent transactions and supporting large-scale applications, JetBolt’s zero-gas model offers a smart and practical choice for whales seeking innovative, user-friendly assets that align with current market demands.

JetBolt boasts various other cutting edge features, including an AI-powered insights tool that gives token holders the latest news and updates on the cryptocurrency market. JetBolt also rewards its holders with a staking platform that allows them to earn crypto easily.

For crypto whales, JetBolt’s presale presents a unique chance to join a project at its ground floor stage. The presale is structured such that there are daily token price increases and discounted token bundles, fueling excitement and incentivizing early participation. 

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Ethereum Price Prediction: Can ETH 10x this Altseason and Whales JetBolt Surge

 

Conclusion: Two Approaches for Whales This Altseason—Ethereum and JetBolt

Ethereum and JetBolt represent contrasting strategies for crypto whales this altseason. Ethereum offers stability and resilience within a mature ecosystem, appealing to those interested in a proven network. JetBolt, on the other hand, brings innovation with zero-gas technology and other next generation features, making it a progressive choice for those interested in emerging, utility-driven platforms.

As altseason unfolds, these strategies reflect broader trends in the crypto market, with some whales focused on Ethereum’s foundation and others on JetBolt’s disruptive model. Whales are closely monitoring both assets, setting the stage for an exciting and interesting season in the altcoin market.

For more information on JetBolt, explore these resources:

Official JetBolt Website

X (previously Twitter)

Telegram

Caution: This article is for informational purposes only and is not financial advice. Cryptocurrencies are volatile and can be impacted by sudden regulatory changes, market sentiment, and emerging technologies. Make sure to perform independent research before making any financial decisions. 

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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