Solana Price Prediction: Can SOL's Elliott Wave Push Solana to $300 as Younger Altcoin Climbs Fast

October 30, 2024
·
3 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

Blockchain enthusiasts are closely watching Solana (SOL) as some technical indicators suggest its potential breakout. Meanwhile, JetBolt (JBOLT), a young altcoin, is taking the crypto market by storm, selling over 41 million tokens in its presale, which started two months ago. Can Solana's bullish momentum push SOL to $300, or will JetBolt’s explosive presale capture all the attention of crypto whales? Read on to discover the answer. 

Can Solana Reach $300 Soon? 

Solana (SOL) has been making headlines as its price recently reclaimed the $180 mark. This data demonstrates price gains of 9.3% and 17.6% over the past seven days and past two weeks, respectively. 

Riding a wave of optimism, some experts believe SOL might be on the verge of a major rally. According to some crypto analysts, Solana’s Elliott Wave structure shows potential for a fourth-five pattern. The target for the fifth wave is between $444 and $713. 

Other technical factors also point to an upward movement for SOL. Based on the latest data, the Relative Strength Index (RSI) and other oscillators have continued to increase. This means SOL will likely continue to showcase price pumps as bull targets the year-to-date high of $210, which is about 16% above SOL's current level. 

Some crypto insiders suggest that the surge in on-chain activity on the Solana network fuels SOL’s recent price gains. According to the newest crypto reports, Solana has outshadowed its competitor, Ethereum (ETH) in terms of weekly total fees. 

Solana has recorded almost $25 million in profit compared to the second-largest cryptocurrency's $21 million. Some market experts suggest such a whopping revenue figure signifies increased activity on the Solana network. Solana has also outpaced Ethereum in weekly DEX volumes, another positive indicator of growing usage and network activity.

READ MORE   Best Crypto Presales: Top Crypto Presale Coins in 2024: JetBolt, Base Dawgz, PlayDoge, and More

While technicals and a surge in on-chain activity inspire confidence, some crypto analysts caution that the road to $300 may be bumpy. Price corrections and changing market conditions could temporarily hold SOL back. For SOL to reach its $300 mark, Solana must maintain current buying momentum. 

While Solana shows signs of an upward trend, some crypto whales also explore rising players that boast cutting-edge Web3 innovations. One of these is the fresh altcoin JetBolt (JBOLT), which has a zero-gas tech feature. 

Young Altcoin JetBolt Climbs Fast with Explosive Presale

As Solana’s recent price action points toward a notable price surge, a new player is steadily climbing the ranks—JetBolt (JBOLT). Despite being relatively new to the market, JetBolt is rapidly capturing the attention of blockchain whales. 

JetBolt has burst onto the crypto scene with its trending presale that has seen over 41 million tokens sold. Aside from its hot presale phase, whales are flocking to JetBolt because of its unique and innovative features that can reshape the crypto space. 

JetBolt boasts a groundbreaking zero-gas technology feature, which allows users to carry out seamless transactions without being burdened by paying for gas fees. This innovation addresses one of the most prominent challenges to crypto adoption: high gas fees in today’s blockchains. 

JetBolt’s revolutionary AI-powered news and insights tool also fuels excitement among crypto whales. This tool helps JetBolt (JBOLT) tokens stay updated on the latest crypto news and explore current top trending cryptocurrencies. 

Another reason whales are jumping to the JetBolt presale is because of special benefits for early adopters. Presale buyers can enjoy as much as 25% bonus tokens for batch purchases of JetBolt (JBOLT) tokens. 

READ MORE   MOONHOP's Leap to 100x Potential Gains! Shiba Inu Price Dips as BONK Makes New Partnership with Flipster

As the JetBolt presale gains steady momentum, it signifies the growing appeal of new-gen altcoins that offer real, cutting-edge features and utilities. 

SOL Price Prediction: Can SOL's Elliott Wave Pusg Solana to $300 as Younger Altcoin Climbs Fast

Conclusion — SOL Price Action Hints at Potential Rally While JetBolt Presale Surges

Some market experts suggest the future looks bright for Solana as bullish price patterns hint at its potential rally. If the bullish forecasts materialize, SOL could see a breakout to $200 before reaching an ambitious $300 price point. Meanwhile, the fresh altcoin JetBolt continues to capture whale and crypto buyer interest. JetBolt shines with its stellar presale figures and noteworthy features such as zero-gas technology and an AI-powered tool. 

For those interested in JetBolt’s ongoing presale, visit: 

Official JetBolt Website: jetbolt.io 

Telegram Channel: https://jetbolt.io/telegram  

X/Twitter Page: https://x.com/JetBoltOfficial  

This article does not offer any financial advice. Always conduct in-depth research before making any crypto-related decisions. All cryptocurrencies carry inherent risks and can be very unpredictable. 

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.
Subscribe To Techpoint Digest
Join thousands of subscribers to receive our fun week-daily 5-minute roundup of happenings in African and global tech, directly in your inbox, hours before everyone else.
This is A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day! 
Digest Subscription

Give it a try, you can unsubscribe anytime. Privacy Policy.

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.
Other Stories
43b, Emina Cres, Allen, Ikeja.

 Techpremier Media Limited. All rights reserved
magnifier