Solana (SOL) is eyeing a major breakout, with crypto analysts watching for a push past $160. However, the question whether it could set the stage for a rally toward $300 remains. With SOL’s TVL surpassing $6.1 billion and market demand holding strong despite FTX's token liquidations, Solana’s upward momentum remains intact. Meanwhile, the buzz around JetBolt (JBOLT) is impossible to ignore. With its zero-gas and lightning-fast technology, JetBolt's presale is captivating remarkable whale activity. Early adopters are diving in, excited to utilize the groundbreaking ecosystem that JetBolt delivers.
Will SOL really hit $300? Is the rise of JetBolt about to steal the spotlight? Let’s explore how these two crypto hot-topics shape the market's next big moves.
Solana’s Path to $300: Can SOL Break the Resistance or Will It Stall?
Solana (SOL) recently may have hit $157.51 earlier this week, but it’s now back to $153.69, so expectations of a $300 breakout may be premature.
On October 15, FTX unstaked 178,631 SOL tokens worth $28 million, adding uncertainty as these tokens are expected to hit major exchanges like Binance and Coinbase soon. This follows a pattern of monthly redemptions by FTX and Alameda Research, which together still hold 7.09 million SOL—valued at over $1.1 billion—raising concerns about further liquidations impacting SOL’s price.
Over the past week, SOL has shown a steady recovery, climbing from a low near $143 last week to touch $157. However, technical analysis suggests that SOL remains under heavy resistance at $160, and recent attempts to sustain above it have failed. With SOL’s current price, crypto analysts caution that the token could drop to $134 if bearish sentiment persists.
SOL’s 1-week trading chart from CoinMarketCap showing a recovery, a sharp rise, and a steady momentum
Despite this, Solana’s Total Value Locked (TVL) surged to $6.1 billion this October, marking its highest point since January 2022, driven by rising DeFi activity and meme coin trading on decentralized exchanges like Raydium, which operates on the Solana network. The network has also seen remarkable engagement, with over 4 million active daily addresses, alongside a cross-chain integration with Wanchain that facilitates smoother asset transfers.
While Solana battles through resistance and the uncertainty caused by FTX unstaking a huge amount of SOL tokens, its holders and fans hold on to positive developments, hoping for positive movements soon. On the other hand, a mushrooming number of crypto whales are looking for next-gen altcoins with monumental blockchain capabilities, like JetBolt (JBOLT).
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
JetBolt’s Breakthrough: The Altcoin Drawing Whales and Redefining Innovation
JetBolt (JBOLT) is quickly rising to crypto stardom, setting the stage as one of the most exciting altcoins of 2024. In its presale announcement, JetBolt introduced its innovative zero gas technology—a feature powered by the Skale network—which allows transactions to run seamlessly without burdening users with hefty gas charges. This innovation isn’t just about saving gas costs; it opens new doors for developers to build and expand across Web3, SocialFi, blockchain gaming, and dApps, fostering growth in areas where high gas costs previously acted as barriers.
On top of this innovation, JetBolt has further captivated the market’s attention with its daily price increases and special Alpha Boxes, a presale perk granting up to 25% additional JBOLT tokens for batch purchases. These early-bird benefits have been a magnet for crypto whales, especially those looking to enhance their token holdings from the get-go.
As JetBolt’s presale momentum builds, whales are enthusiastically jumping aboard, shifting to JetBolt’s vibrant and cutting-edge ecosystem. With these early adopters setting the pace, JetBolt isn’t just the latest buzz—it’s focused on paving the way for the next generation of blockchain breakthroughs.
Final Thoughts: Solana Eyes Challenges While JetBolt Rides the Wave of Momentum
Solana (SOL) shows resilience, battling key resistance at $160 amidst soaring TVL surpassing $6.1 billion and challenges from FTX’s SOL liquidations. While a $300 breakout seems distant, SOL’s growth in DeFi and meme coin activity keeps it in focus. Meanwhile, JetBolt (JBOLT) is swiftly gaining traction through its presale success and groundbreaking technology, enticing whales to shift their attention. With the crypto market navigating uncertain waters, JetBolt’s momentum signals it might just be the next breakout star in the crypto market.
Discover more about JetBolt and its exciting presale by visiting the links below:
Official Website: https://jetbolt.io/
X (formerly Twitter): https://x.com/jetboltofficial
Telegram Community: https://t.me/jetboltcoin
Remember, this article only reflects the current market movements, and therefore should not be taken as financial advice. Cryptocurrencies are highly volatile, with prices subject to rapid changes. Always conduct thorough research and ensure utmost understanding of the risks involved before making any crypto-related decisions.
