Crypto enthusiasts may find themselves at a crossroads, weighing the merits of established tokens while also eyeing rising stars. In crypto breaking news, the Telegram-based token Toncoin (TON) is experiencing a prolonged price decline, leaving many to wonder if it can rebound and reach the elusive $10 mark. Meanwhile, the new altcoin JetBolt (JBOLT) is capturing whales’ attention with its stellar presale that has already sold over 40 million tokens.
Will Toncoin bounce back from the downtrend, or will JetBolt steal the crypto limelight with its innovative features and trending presale?
Toncoin’s (TON) Bearish Trend Deepens
Toncoin (TON) has been struggling lately, with on-chain metrics indicating a significant price decline. At press time, TON is trading at $4.96, demonstrating a 17% price dip over the past month.
Some crypto analysts suggest that TON's current price movement underscores the weakness of the tenth-largest cryptocurrency. Recent crypto reports also reveal that Toncoin's network growth has declined, with adoption hitting an eight-month low. Market experts highlighted that TON's decrease in new addresses could contribute to deeper price slumps.
According to experts, analysis of the macro trend points toward Toncoin’s overall bearish momentum. The Average Directional Index (ADX) for TON is currently positioned slightly below the key 25.0 threshold, which indicates the strength of a trend. If the ADX were to surpass 25.0, it would suggest a strengthening active trend, likely indicating an intensified bearish momentum for Toncoin.
This trend has raised questions about whether Toncoin can recover and push towards that $10 goal, especially with heightened competition from other altcoins. Some experts argue that Toncoin’s recent performance might not support such ambitious price predictions as it struggles to hold above $5.
As Toncoin faces a four-month price downturn, many are exploring other altcoins that offer cutting-edge utilities and innovations. One of these is the next-gen altcoin JetBolt (JBOLT).
Crypto Whales Flock to the JetBolt Presale
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
While Toncoin battles a downtrend, crypto whales are jumping to the rising star, JetBolt (JBOLT). With its ongoing presale generating significant buzz and sales figures soaring past 40 million tokens since it recently launched in August 2024, JetBolt is becoming the talk of the town.
As crypto whales diversify their portfolios, they recognize JetBolt's capability to disrupt the status quo with its cutting-edge innovations. One of JetBolt’s striking features is zero-gas technology, which allows users to execute seamless transactions with zero gas costs. This is a game changer in the crypto space, where high gas fees have caused important challenges, especially on traditional blockchains like Ethereum.
Additionally, JetBolt boasts a groundbreaking AI-powered news and insights tool. This tool helps token holders stay updated on current Web3 developments and trends. It also appeals to crypto enthusiasts who want to embrace tokens that merge the power of blockchain and AI technology.
Whales may also find JetBolt presale attractive as it offers exciting presale benefits. One of these is the additional tokens early buyers can get for token batch purchases. They can enjoy as much as 25% bonus tokens, which benefits those who want to accumulate large amounts of JetBolt tokens.
JetBolt is witnessing steady momentum and growing whale interest, thanks to its advanced features and appealing presale perks.
Conclusion — TON Faces Steady Price Decline While JetBolt Presale Surges
While Toncoin shows sluggish growth and sentiment on TON remains bearish, analysts suggest a $10 price climb may not happen soon. On the flip side, the new altcoin JetBolt witnesses rapid growth and strong appeal to crypto whales as it offers presale benefits and distinctive features like zero gas fees and an AI-powered tool.
Check out the following links for more details on JetBolt’s noteworthy features and ongoing presale:
Official Website: jetbolt.io
Telegram Channel: https://jetbolt.io/telegram
X/Twitter Page: https://x.com/JetBoltOfficial
This article is not intended as financial advice. Always conduct in-depth research before acquiring any cryptocurrency. Remember, all crypto assets come with inherent risks and can experience significant volatility.
