Solana (SOL) has suffered from tragic price drops over the past months that saw its price plummet to around $140. However, the fifth-largest cryptocurrency has been showing steady price pumps over the past few weeks, thanks to a surge in its network activity. This recent development has prompted some crypto analysts to predict SOL could reach $300. While Solana strives to reclaim its spot among the top crypto contenders, a new altcoin enters the crypto scene, boasting cutting-edge features and innovations—JetBolt (JBOLT).
Could Solana’s increased network activity boost its price, or will JetBolt capture all the whales’ attention with its explosive presale and revolutionary features?
Is Solana (SOL) Headed for a $300 Breakout?
After a rough couple of months, Solana seems to be making a comeback. With increased network activity, Solana is thriving. As of late, SOL is trading at $181.52, reflecting a notable 16.7% price surge over the past two weeks.
Some analysts note that the increased network activity on Solana laid the groundwork for its bullish run. According to the latest crypto reports, Solana's total value locked (TVL) surged from less than $250 million in early 2023 to a whopping $6.8 billion as of October 24.
Solana also outpaced its most prominent competitor, Ethereum (ETH) in terms of weekly total fees. Based on data from the crypto research platform Blockworks Research, Solana recorded approximately $25 million in revenue compared to Ethereum's $21 million. This signifies increased activity and confidence among users.
Additionally, Pumpfun, one of the largest applications within Solana, has recorded over 20,000 coin launches daily. This surge in coin launches marks a significant milestone, with Pumpfun now making up nearly 50% of daily DEX transactions and volume within the Solana ecosystem.
Some market experts suggest that such a high level of engagement can trigger a price pump for SOL.
While some analysts predict a $300 rally as Solana shows a surge in on-chain activity, the cryptocurrency needs to hold current buying momentum and other particular conditions to reach this ambitious price. As whales wait for SOL’s gigantic leap to $300, many of them have begun diversifying their portfolios with crypto assets that complement their existing holdings. One such coin that stands out is the fresh entrant JetBolt (JBOLT).
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Whales are Flocking to JetBolt Presale – Here’s Why
While Solana braces for a potentially massive price surge, it’s not the only crypto project gaining attention. Whales are diversifying their portfolios with new altcoins that boast groundbreaking features—like JetBolt (JBOLT).
JetBolt showcases cutting-edge features that draw the attention of blockchain whales looking for the best new altcoins. JetBolt offers zero-gas technology, a significant feature that enables users to execute seamless transactions with zero gas fees. This is JetBolt’s brilliant solution to address the common pain point of a crypto user—high gas fees that have plagued many blockchain networks.
Additionally, JetBolt’s integration of AI is a game-changer. Token holders can stay updated with current blockchain news and developments with JetBolt’s AI-powered news and insights tool. Aside from distinctive features, whales are jumping to the JetBolt presale for early mover advantages. Early buyers can score up to 25% bonus tokens for batch purchases of JetBolt (JBOLT) tokens.
As JetBolt gains massive traction, it’s no surprise that whales accumulate large quantities of JetBolt (JBOLT) tokens.
Conclusion — A Bullish Future for Solana and JetBolt?
All eyes are on Solana and JetBolt as these two cryptocurrencies try to maintain bullish momentum. Some experts suggest Solana’s increasing network activity sets the stage for a potential $300 price point. While SOL may have what it takes to reach this target, Solana must maintain steady buying momentum. At the same time, the new altcoin JetBolt captures the attention of crypto circles with its revolutionary features. JetBolt’s presale milestone is a testament to its growing appeal among crypto whales and enthusiasts alike.
You can learn more about JetBolt on their official website jetbolt.io.
This article is not intended to provide financial advice. Always conduct thorough research before purchasing any cryptocurrency, as all crypto assets come with inherent risks and unpredictability.
