When Solana (SOL) reached its $260 All-Time High (ATH) last week, crypto insiders are now asking: what’s next for SOL? With bold price predictions of $400 getting louder, speculations intensify as talks about the potential approval of Solana spot ETFs heat up. Meanwhile, a new altcoin JetBolt (JBOLT) is turning heads in the blockchain space with its groundbreaking zero-gas technology. JetBolt’s presale of over 66 million tokens sold continues to draw massive interest, especially from crypto whales.
Two questions remain, will Solana pump harder and smash the $400 mark? And what’s behind the spiking whale activity around JetBolt? Let’s dive in.
Solana is gearing up to climb to $400
As soon as SEC Chair Gary Gensler announced his intention to resign by January 2025, the crypto economy showed remarkable growth. Gensler’s resignation may have reinforced views of a climate more conducive for crypto growth and innovations.
For Solana (SOL) maxis, Gensler’s resignation and the resulting market optimism could drive SOL to reach new highs, especially after notably hitting its $260 ATH last week. With the SEC reported to be beginning a review of Solana ETF proposals, companies such as Bitwise, VanEck, 21 Shares, and Canary Capital have filed for applications and are now seeking approval. These firms may have a short wait; ETF Store President Nate Geraci stated that there’s a high chance for Solana ETFs to be approved by the end of next year.
Solana surged 18% over the past week, displaying a year-strong momentum with a 160% increase since the beginning of the year. SOL also boasts a market cap of nearly $120 billion, representing roughly 4% of the total crypto market. Despite the impressive growth, SOL experienced a pullback and is currently trading at $252.24.
Price chart of Solana for the last 7 days from Coingecko
SOL’s price remains well above its Ichimoku Cloud—an indicator that monitors the direction of an asset's market trends and highlights possible support and resistance levels. SOL’s price resting above its Ichimoku Cloud signals an upward trend, indicating potential further growth. Analysts suggest that if buying pressure continues to grow, SOL’s price could turn this level into a support floor and aim for a new high—potentially the $400 mark that SOL aims to smash in the near term.
JetBolt: Blockchain power with zero-gas technology
While Solana continues with its upward trajectory, a promising new altcoin is making waves in the Web3 space: JetBolt (JBOLT). Since its presale, JetBolt has already sold over 66 million tokens—an impressive milestone for a young altcoin that has quickly captured the attention of crypto whales.
JetBolt is rapidly emerging as a magnet for crypto whales, thanks to its innovative solutions to blockchain challenges. Powered by its zero-gas technology on the Skale Network, JetBolt enables lightning-fast and seamless transactions with no gas fees. This revolutionary feature is fueling innovation across dApps, blockchain gaming, SocialFi, and Web3, making transactions and development more accessible and cost-efficient.
Beyond gas fees, JetBolt also offers an AI-powered crypto tool. This curates the latest market news and insights, helping users stay informed in the fast-evolving crypto space.
JetBolt makes staking more engaging with its rewards system. Users stand to earn more tokens as they interact with friends on the platform, enriching the staking experience by making it socially rewarding. This feature not only boosts users’ earnings but also encourages a more vibrant, community-driven experience.
Whale activity spikes further as JetBolt offers multiple perks for early buyers, including daily price increases and exclusive Alpha Boxes. These offer up to 25% more JBOLT tokens on bulk purchases—an enticing opportunity for crypto whales to take advantage of during JetBot’s presale stage.
JetBolt’s presale momentum highlights a strong market interest in the token’s bold innovation. It’s no surprise that crypto whale activity seems to spike around JetBolt, positioning JBOLT as a promising, growth-driven altcoin to watch in the crypto market.
Final thoughts: Solana aims to smash $400 amid whale activity rising around JetBolt
Solana's new ATH of $263.21 and potential approval of spot ETFs have put SOL under the crypto spotlight. These developments have led analysts to predict SOL could potentially surpass the $400 mark, solidifying SOL’s position as one of the key players in the market. Meanwhile, emerging altcoin JetBolt (JBOLT) is drawing significant attention from crypto whales, thanks to its groundbreaking zero-gas technology and Web3 capabilities. With its game-changing blockchain innovations, JetBolt’s unique growth potential is causing a spike in whale activity.
You can learn more about JetBolt by:
Visiting JetBolt’s Website: https://jetbolt.io/
Following JetBolt on X: https://x.com/jetboltofficial
Joining JetBolt’s Telegram Channel: https://t.me/jetboltcoin
This article does not offer financial advice. All crypto assets are volatile and risky. Always conduct research before acquiring any cryptocurrency.
