After trading below $2,500 in October 2024, Ethereum's (ETH) price performance showed strength, hitting an intraday high of $3,694 on December 4, 2024. This, alongside the growing total value locked (TVL) on Ethereum and the inflow of spot ETH ETFs, sparked murmurs about its potential climb above $5,000.
Meanwhile, the young altcoin JetBolt (JBOLT) is garnering increased interest with its game-changing core innovation, zero-gas technology. With its presale underway, JetBolt has sold over 100 million tokens since its launch. Amidst the latest market developments, could Ethereum’s price reach new heights? And what’s the story behind JetBolt’s presale frenzy? Let’s dive in.
Ethereum Price Forecast: Can ETH Surge Past $5,000?
Is Ethereum poised to shatter the long-awaited $5,000 breakout? ETH's price performance hints that it could be preparing for a surge, but it's not towards the $5,000 mark.
Technically, Ethereum's recovery above critical moving averages is one of its strongest points, signaling its price pump. Trading at $3,672 as of late, Ethereum could challenge $4,000 if it maintains strong buying momentum and consistent volume.
The price chart of Ethereum (ETH) over the past 24 hours shows its price hovered around $3.675K-$3.7K on December 4, 2024. Source: CoinGecko
Recently, Ethereum's Layer-2 networks have registered a record high of $51.5 billion in TVL. On November 29, 2024, spot ETH ETFs in the US also saw a landmark high of $332.9 million in daily net inflows.
Despite the greens in charts, technical indicators, and a remarkable surge in network activity, Ethereum could face challenges on its path to the $4,000 mark.
The recent $2 billion worth of Bitcoin (BTC) moved by the US government, alongside the South Korean government’s latest declaration of Martial Law, could potentially affect Bitcoin and other cryptocurrencies like Ethereum.
What’s Behind JetBolt’s Skyrocketing Presale?
While Ethereum may face difficulties in hitting the $5,000 mark, JetBolt (JBOLT) is showcasing an intriguing narrative.
Amidst the latest market developments, JetBolt (JBOLT) continues its rapid rise, as seen in its growing presale figures. Since its presale debut, JetBolt has sold over 100 million tokens.
The whale-buying activity on JetBolt (JBOLT) can be attributed to its appealing and revolutionary features. JetBolt's core innovation, zero-gas technology, is drawing the attention of whales and buyers as it addresses one of the biggest barriers to crypto adoption: high gas fees.
Powered by the Skale network, JetBolt’s zero-gas technology allows users to seamlessly make transactions without incurring any gas fees.
Beyond gas-free transactions, JetBolt also revolutionizes staking with its intuitive crypto-staking platform. It adds fun to staking tokens, as stakers can earn bonus rewards when they connect with friends on the platform.
Moreover, for early buyers of JetBolt (JBOLT) tokens, exciting presale advantages await. JetBolt (JBOLT) gives early acquirers an exclusive chance to enjoy up to 25% extra tokens by purchasing Alpha Boxes or JetBolt (JBOLT) tokens in batches.
With such thrilling presale benefits and cutting-edge features, it’s no wonder why JetBolt’s presale is expanding rapidly.
Conclusion — ETH Eyes Breaking $5,000 While JetBolt Gains Massive Whale Traction
Ethereum’s journey from hovering around $2,500 to hitting $3,694 today represents the resilience of a seasoned giant. However, its path to breaking $5,000 could face delays, as the market will have to tide over emerging developments. While Ethereum’s target of smashing $5,000 is halted, JetBolt’s rapid ascent tells a different story—one of innovation and overwhelming whale interest, supported by the 100 million tokens JetBolt (JBOLT) has sold since its presale began.
Check out the following links for more details on JetBolt’s ongoing presale:
Official Website: jetbolt.io
Telegram Channel: https://jetbolt.io/telegram
X/Twitter Page: https://x.com/JetBoltOfficial
This written piece does not offer any financial advice. Always conduct thorough research before acquiring any cryptocurrency. Keep in mind that all crypto assets carry inherent risks and can be highly volatile.
