With Dogecoin surging by 177.21% this month, buzzing speculations about an exchange-traded fund (ETF) that could get approved soon, and Elon Musk's recent mentions on X, the crypto community is wondering if DOGE could reach $2.
Meanwhile, a hot new altcoin, JetBolt (JBOLT), is evoking interest among a growing number of crypto enthusiasts, including whales, with its exciting features, like zero-gas technology and Web3 Wallet, and also the ongoing JetBolt presale that has already sold over 100 million tokens since its launch.
As December starts, market observers are asking: Can Dogecoin reach $2 as the meme coin continues to surge? Also, what’s fueling JetBolt's growth? Read on to find out.
Dogecoin Price Prediction: Can Dogecoin Finally Hit and Surpass $2?
Following Elon Musk's mentions on X and after surging by 177.21% this month, the crypto community is watching and waiting to see if Dogecoin can finally break through the $2 mark. Currently changing hands at $0.4355, Dogecoin rose by 1.85% in the last 24 hours and over the past week, it was up by 1.64%
Analysts predict that if DOGE's price fails to rise above the $0.4500 level, it could decline further Dogecoin's main support stands at $0.4150 while its major key resistance levels are around $0.4500 and $0.4640.
Meanwhile, a close above the $0.4720 resistance might lead DOGE's price toward the $0.4880 resistance. With its Hourly RSI (Relative Strength Index) above 50, any more price gains will send DOGE towards another key milestone.
According to analysts, DOGE reaching the $2 mark still seems most unlikely as several of its technical indicators look bearish.
Chart from Trading View showing Dogecoin’s (DOGE)’s skyrocketing price movement between November 7 to December 2, 2024.
What’s Powering JetBolt’s Increasing Momentum Among Whales?
While Dogecoin reaching $2 still seems improbable due to the challenges it has yet to overcome, the young altcoin JetBolt (JBOLT) looks intriguing to crypto enthusiasts and whales with its huge presale success, already selling over 100 million tokens as of this writing.
By operating on the Skale Network, JetBolt is able to offer a core innovation—zero-gas technology—which removes the additional cost of gas fees from blockchain interactions. JetBolt also offers lightning-fast transactions and instant finality, which means once transactions are processed, they are unalterable.
To keep its users informed on all matters crypto, JetBolt delivers an AI-powered page that features an aggregation of recent past market trends.
Meanwhile, JetBolt incorporates a social component into its staking model, allowing staking users to enhance their earnings through active community engagement where they can connect with friends via the platform.
JetBolt also has special perks for presale adopters. Early buyers can receive up to 25% bonus tokens by purchasing tokens in batches through Alpha Box packages.
Can Dogecoin Reach $2 Amidst JetBolt's Growth?
As Dogecoin surged 177.21% this month and murmurs of its soon-to-be-approved ETF persist, speculation about DOGE hitting the $2 mark have emerged. For Dogecoin to reach its ambitious $2 milestone, the coin must first overcome its resistance at around $0.4500 and $0.4640, and then try for the $1 mark.
While this DOGE saga develops, the young altcoin JetBolt (JBOLT) continues to heat up the market with its trailblazing zero-gas technology, other revolutionary attributes, and trending presale that has already sold over 100 million tokens.
As these two coins capture market attention for different reasons, both cryptocurrencies showcase distinct facets in the realm of blockchain technology.
Learn about JetBolt's distinct features and presale information here:
Official Website: jetbolt.io
Telegram: https://jetbolt.io/telegram
X/Twitter: https://x.com/JetBoltOfficial
This article is not financial advice. Please conduct your own thorough research before buying any cryptocurrencies, as the market is inherently risky and highly volatile.
