Why Crypto Whales Are Quietly Buying These Altcoins: Solana, JetBolt, Ethereum, and Kaspa

November 11, 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

Crypto whales—those with large holdings who make strategic trades—are quietly building positions in a few standout altcoins. Right now, four cryptocurrencies that seem to be catching their attention are Solana, Ethereum, Kaspa, and JetBolt. Each offers unique qualities that may appeal to these market movers. 

Solana has become known for its swift transactions and minimal fees. Ethereum’s consistent network updates make it appealing to those looking for stability and innovation. Kaspa offers fast, scalable transactions through cutting-edge blockchain technology. Finally, JetBolt (JBOLT) is capturing attention with its zero-gas technology during its presale. 

These factors show why crypto whales are interested in both established coins like Ethereum and XRP and new entrants like Kaspa and JetBolt. Let’s explore the factors driving interest in each of these altcoins and why they may be worth watching in the months ahead.

What’s Fueling Solana’s Upward Momentum?

Solana, trading at $209.98, has gained momentum in recent weeks. With a 3.27% increase in 24 hours and a 44.85% rise in the last month, Solana shows promise. 

Critical support levels between $175.65 and $182.40 provide a foundation for Solana’s bullish outlook. A breakthrough above the $216 resistance level could further extend its upward trend. 

The recent rise past the $200 psychological barrier demonstrates SOL’s resilience. With its competitive transaction speed and low fees, Solana is regarded as a standout in DeFi and NFT markets.

This rising interest and network activity among Solana users reveals why whales are following the coin closely. 

Ethereum is next in line with its promising upgrades and steady momentum.

READ MORE   Ethereum Breaking News: ETH Up 13% In Major Rally as Crypto Whales Join JetBolt Presale

Can Ethereum’s Network Upgrades Propel It to New Heights?

Ethereum, now trading at $3,202.69, has shown steady progress. It has gained 2.42% over the past day and a solid 31.25% this month. 

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Price chart of Ethereum over the past month, highlighting recent steady gains fueled by whale activity and network upgrades. (Sourced from CoinMarketCap)

Price chart of Ethereum over the past month, highlighting recent steady gains fueled by whale activity and network upgrades. (Sourced from CoinMarketCap)

Ethereum’s appeal lies in its ongoing upgrades, like the Pectra update and Mekong Testnet, which enhance its network. These upgrades improve staking and tools for developers, strengthening Ethereum’s ecosystem. 

Whale activity in Ethereum reached a 14-week high recently, signaling continued interest. In the last week, ETH saw $10.4 billion in large trades. 

With these improvements, Ethereum could break past the $3,327 resistance, drawing even more attention. 

Now, we’ll look at how Kaspa is making a name for itself with impressive blockchain technology.

What Makes Kaspa a Scalable Solution for Whale Traders?

Kaspa, trading at $0.155, is drawing attention with its innovative GHOSTDAG technology. This technology lets Kaspa’s blockchain process blocks in parallel for faster transactions. 

Kaspa’s price increased by 40.63% in the last week, which shows whale interest in its potential. Different types of wallet holders, from small to large, are increasing their positions. 

Kaspa’s price pattern, known as a bullish W-pattern, suggests a breakout could follow. If KAS moves past the $0.1486 mark, more upward momentum is possible. Kaspa’s ability to handle large transactions makes it an appealing choice for whale traders. 

Next, we’ll explore JetBolt, an up-and-coming altcoin gaining attention in its presale.

Why Is JetBolt Gaining Whale Attention During Its Presale?

As crypto whales accumulate established coins like Solana, Ethereum, and Kaspa, a new altcoin, JetBolt (JBOLT), is also capturing attention during its presale. 

READ MORE   Buying This New Ethereum-Based Token Is Like Buying Solana (SOL) Again At $7

Unlike Ethereum, where network congestion can drive gas fees sky-high during busy periods, JetBolt removes gas fees with its zero-gas technology. This makes JetBolt an appealing option for users who want fast, cost-effective transactions without needing to bid higher fees to prioritize their transfers.

JetBolt’s AI functionality is also turning heads. By tapping into artificial intelligence, JetBolt’s platform aggregates crypto news and updates from third-party sources. This news is then showcased based on bullish or bearish market sentiment, offering users a unique way to stay in sync with the market.

JetBolt has already sold over 42 million tokens, attracting interest from both whales and crypto enthusiasts. Early participants benefit from Alpha Boxes, gaining up to 25% more tokens, adding to the appeal. 

JetBolt’s innovative features are why it’s gaining traction as a new option for those exploring altcoins.

Why Crypto Whales Are Quietly Buying These Altcoins: SOL, JetBolt, Ethereum, and Kaspa

Conclusion: Why Whales Are Accumulating Solana, Ethereum, Kaspa, and JetBolt

These four altcoins—Solana, Ethereum, Kaspa, and JetBolt—each offer unique features that appeal to whale traders in different ways. Solana’s transaction efficiency, Ethereum’s evolving network, and Kaspa’s advanced technology offer established strengths. JetBolt stands out as an intriguing new player with innovative features capturing attention during its presale. As JetBolt’s presale continues, the crypto community watches with anticipation, curious to see what impact this unique newcomer will have in the crypto space.

For the latest information about JetBolt and its ongoing presale, check out the official website, join the Telegram community, or follow the X/Twitter page. 

This piece seeks to provide information only and its content should not be taken as investment guidance or financial advice. Conduct your own thorough research and exercise caution before investing in any cryptocurrency. 

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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