Solana (SOL) has surged past $200, cementing its position as a DeFi powerhouse, while Kaspa (KAS) has caught fire with predictions of exponential growth fueled by its innovative proof-of-work model. Sui (SUI) has climbed by 2.02% today to $3.58, maintaining strong performance despite a recent outage. And then there’s JetBolt (JBOLT)—the new trailblazing coin making waves with Zero-Gas Technology and a thriving presale that has reeled in whales eager to buy the next big coin.
Are crypto whales strategically pumping SOL, KAS, SUI, and JBOLT ahead of the next bull run? Let’s explore why these coins are commanding attention and how they’re positioning themselves for dominance in the evolving crypto market.
Kaspa’s Trend Points to Growth as Analysts Predict Higher Targets
Crypto analyst Jim Ski Bum has highlighted a bullish macro ascending channel for Kaspa (KAS), suggesting its fair value could be around $0.50, with long-term targets reaching $5.36 by March 2025. Currently trading at $0.1718, KAS has gained 14.83% over the past week, reflecting slow market optimism.
Technical indicators show a mix of signals, with Momentum (10) and MACD Level (12, 26) indicating “Buy,” supported by bullish signals from medium to long-term moving averages. However, shorter-term averages suggest potential consolidation, while neutral readings in RSI (54.73) highlight market indecision.
Market observers suggest that Kaspa’s trajectory is gaining attention as KAS’ technical metrics get primed for the upcoming crypto bull run.
Bitwise Advances Solana ETF Plans as Regulatory Questions Persist
As of November 22, 2024, Solana (SOL) is trading at $206.87, reflecting a 19.38% increase over the past week. Crypto asset manager Bitwise has filed a registration statement with the SEC for its Bitwise Solana ETF, following the establishment of a trust entity in Delaware, with BNY Mellon as the trust’s administrator.
This move positions Bitwise alongside VanEck and 21Shares, both of which have also filed for spot Solana ETFs in the U.S. Despite the SEC’s previous classification of Solana as a security, a recent amendment in the Binance case has left SOL’s status unresolved.
Legal experts caution that this does not reclassify Solana as a non-security, posing potential risks for ETF issuers. Bitwise acknowledged these uncertainties in its filing, stating that a security determination could necessitate restructuring or liquidation of the fund. This development adds a new dimension to the evolving Solana ETF landscape.
JetBolt’s Presale Hits New Milestone with Whales Buying 66M Tokens
As the crypto market gears up for another bull run, whales have been spotted quietly accumulating a new emerging token: JetBolt (JBOLT). Since its presale, this innovative altcoin has sold over 66 million tokens, capturing the attention of whales and innovators hungry for next-gen blockchain technologies.
What sets JetBolt apart is its Zero-Gas Technology, powered by the Skale Network. Forget gas fees—JetBolt eliminates them entirely, making blockchain faster, easier, and more accessible. For developers, this means fewer obstacles to creating SocialFi platforms or dApps. Most importantly, JetBolt delivers an effortless entry into the Web3 world even for new crypto enthusiasts.
JetBolt’s AI-powered tools also bring curated crypto news and insights tracking through a state-of-the-art dashboard. JBOLT users can also subscribe to a daily newsletter and stay ahead of the latest happenings in the crypto world.
Adding to the buzz, JetBolt’s presale offers unique perks like Alpha Boxes, giving early buyers up to 25% bonus tokens. With such incentives, it’s no surprise whales are quietly stacking JBOLT while others are catching on.
With innovation at its core and a presale that’s driving a whale surge, JBOLT could be the next-gen altcoin everyone wishes they had discovered sooner.
Sui Network Recovers Quickly from Outage, Maintains Strong Performance
Earlier today, the Sui network experienced a two-hour outage that halted block production and transaction processing due to a Denial-of-Service (DoS) bug. Despite concerns, the network was swiftly restored with help from validators, and Sui’s operations returned to normal.
Surprisingly, the outage had little impact on SUI’s overall performance. The token is up 2.02% today, trading at $3.58, and has surged 86.76% over the past month. Analysts attribute this resilience to strong market sentiment and growing adoption.
Sui’s recovery underscores its robust infrastructure as it continues to attract attention for its innovative approach to blockchain technology. With its price momentum intact and market confidence undeterred, SUI remains a standout performer in the current crypto cycle.
Conclusion: Whales’ Picks for the Bull Run
Whales are positioning themselves for the next bull run with strategic moves into Solana (SOL), Kaspa (KAS), SUI, and JetBolt (JBOLT). Solana continues to dominate in DeFi, while Kaspa’s unique proof-of-work approach has given it more traction. SUI maintains momentum with its robust infrastructure and innovative blockchain approach. But JetBolt stands out with its Zero-Gas Technology, AI-powered tools, and impressive presale success, selling over 66 million tokens.
Each of these crypto coins has its own strengths, but JetBolt’s innovative ecosystem is capturing attention as a potential disruptor in blockchain utility. As whales quietly accumulate assets, the crypto market’s next big winners may already be taking shape.
Explore all of JetBolt’s features by visiting its official website here.
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