Dogecoin (DOGE) is hinting at a potential spike after it saw a modest gain of 4.1% over the past 24 hours, a day before tech mogul Elon Musk delivers his address to the US Congress. DOGE's price has significantly benefited from Musk's endorsements and occasional mentions on social media platforms. With the upcoming Congressional address, market watchers speculate whether it could push DOGE to smash the $1 mark.
Meanwhile, young altcoin JetBolt (JBOLT) continues its rapid ascent in the blockchain space. JetBolt has sold over 100 million tokens since its presale began, supported by a wide array of cutting-edge features such as zero-gas technology. Could Musk give the boost Dogecoin needs to break $1? And can JetBolt maintain its presale momentum? Let’s find out.
Dogecoin Price Forecast: How High Can Elon Musk Pump DOGE?
After witnessing an astonishing price surge of 158.9% over the past month, Dogecoin (DOGE) could be gearing up for more explosive action.
As Elon Musk prepares to address Congress on December 5, 2024, about the future of US governance and economic policy, Dogecoin witnessed a slight gain of 4.1% a day before his anticipated address. Murmurs continue to grow louder about how Musk could potentially influence DOGE's price after this political discourse.
Two weeks ago, DOGE soared in value after Musk was announced as the co-head of the Department of Government Efficiency (D.O.G.E.), an agency President-elect Donald Trump plans to establish in his upcoming term.
The D.O.G.E. department was a nod to the popular meme and DOGE cryptocurrency, which Musk referred to as his "favorite" coin and even accepted as a payment method by his company, Tesla.
After trading at around $0.1681 in early November, Dogecoin (DOGE) surged to $0.44 on December 5, 2024, as seen in this price chart from CoinMarketCap
As of press time, DOGE is trading at $0.43. If strong buying momentum holds, it needs to reach a price range of $0.68 to $0.72 before it can start a parabolic rally to $1.
In a nutshell, Musk’s influence could either help pump the meme coin to glory or leave it stagnating in its familiar territory below $1.
JetBolt Soars as Presale Crosses 100 Million Tokens Sold
As Elon Musk's involvement in political discussions catalyzes renewed interest in Dogecoin, a next-gen altcoin, is building the interest of blockchain whales and buyers in young and innovative tokens: JetBolt (JBOLT).
Carving its own path to glory, JetBolt has sold over 100 million tokens since its presale launched. What makes it a game-changer to keep an eye on is its state-of-the-art features.
A core innovation of JetBolt is the zero-gas technology, which enables crypto users to carry out transactions without the hassles of expensive gas fees. This high-tech feature is also revolutionary for developers, who can effortlessly build various innovative blockchain applications without being held back by hefty gas fees.
The intuitive crypto-staking platform is another feature that could be fueling the massive whale buying activity on JetBolt. It gives stakers the potential to earn crypto passively and score bonus rewards when they connect with friends or contacts on the platform.
Beyond blockchain technology, JetBolt also harnesses the power of AI. In fact, the JetBolt news and insights tool, which provides users with crypto news and the latest market developments, is powered by AI.
Moreover, blockchain whales and crypto buyers are eagerly amassing JetBolt (JBOLT) tokens early because of exciting presale benefits. An additional 25% of tokens await early adopters if they purchase JetBolt (JBOLT) tokens in batches or buy Alpha Boxes.
Already an interesting crypto because of its huge presale milestone despite being relatively new, JetBolt’s features make it an even more noteworthy coin to watch ahead of 2025.
Conclusion — Dogecoin Price Prediction and JetBolt’s Rapidly Expanding Presale
Dogecoin has witnessed notable price gains over the past month. However, DOGE's potential rise to $1 and sustained growth might require more than an external hype like Musk's upcoming Congressional address. Meanwhile, JetBolt (JBOLT) continues to gain massive whale traction, partly driven by its fresh and innovative features and remarkable presale figures.
Check out the following links for more details about JetBolt’s ongoing presale:
Official Website: jetbolt.io
X/Twitter Page: https://x.com/JetBoltOfficial
This write-up does not offer any financial advice. Always practice caution and conduct extensive and independent research before acquiring any cryptocurrency. All crypto assets are inherently risky and can be highly volatile.
