The crypto market is now enjoying an auspicious time and prices across the charts are rising. Bitcoin (BTC) has successfully breached the psychological barrier of $100K.
Ethereum (ETH) priced today at $3,853.67 continues its uptick while Solana (SOL) has experienced notable gains as well, with a 24-hour trading volume of over $7 billion. Meanwhile, young altcoin JetBolt (JBOLT) continues to create a growing buzz with its zero-gas technology and Web3 innovations.
With Bitcoin, Ethereum and Solana seemingly aiming for strong finishes in 2024, could the market be in for new highs? Could new altcoin JetBolt be the next-gen token set to rise among the big players? Let’s explore why the price of crypto is going up and what coins are shaking up the market.
Crypto Prices are Going Up: What’s driving the surge?
The crypto market seems to be riding a surge of newfound prosperity since the re-election of Donald Trump to the US Presidency. The over-all market capitalization currently stands at $3.68 trillion, with several cryptocurrency prices surging to new all-time highs.
With rising institutional adoption, ETF inflows and robust on-chain activities across major blockchain networks, the market continues to bustle. Let’s dive deeper into understanding why the main cryptocurrencies Bitcoin, Ethereum, and Solana are up.
Bitcoin surged past $100K: What’s next for BTC?
In the month of November, Bitcoin (BTC) began its quest to set new records. Dubbed the “crown jewel of the crypto space”, Bitcoin continues to assert its leadership and dominance in the market. And for many crypto insiders, BTC’s price performance has a rippling effect across the crypto space.
Bitcoin is currently trading at $102,712.65, with a market cap of over $2 billion. According to analysts, Bitcoin is bullish, driven by BTC being embraced both by institutions and retail. BlackRock, Fidelity, and Vanguard are amongst the companies that first believed in Bitcoin, with the US spot Bitcoin ETFs drawing a massive $6.2 billion in net inflows in November 2024.
Microstrategy owner Michael Saylor, a staunch supporter of Bitcoin, claims that Bitcoin will never dip below $60K again. Furthermore, he says BTC will top six figures in 2025 and inevitably reach $1M someday. For Saylor, volatility is a necessary element in Bitcoin’s growth.
Can Ethereum hit its $4000 target?
Until very recently, Ethereum has been receiving a bit of flak as it seems to be perennially underperforming compared to Bitcoin. While Bitcoin was smashing records one after another, ETH appeared to be growing but not at the same rate.
Ethereum is currently trading at $3,917.39, having woken up from months of consolidation. Early last week, ETH hit a six-month high of $3,900 as Bitcoin broke through the $100K barrier. Spot Ethereum ETFs saw a net inflow of $882.3 million since November 22, mostly from BlackRock’s ETHA fund.
Month-long Price chart of Ethereum courtesy of Coingecko
Ethereum’s DeFi ecosystem has also been growing at a steady pace. ETH’s DeFi total value locked is at $72.9 billion while its total value locked (TVL) has reached a 31-month high of $134.7 billion. ETH’s Relative Strength Index (RSI) is at a neutral 63, suggesting a maturing accumulation phase, following the footsteps of Bitcoin.
JetBolt: A magnet for crypto whales with its zero-gas technology
While these established tokens are making marks in the crypto space, a disruptive new altcoin is making Web3 waves of its own amid the bull run: JetBolt (JBOLT).
JetBolt’s zero-gas technology, which eliminates gas fees, is a fresh breakthrough that offers practical benefits for both everyday users and developers. This feature from Skale enables users to make blockchain transactions minus the hefty gas costs, while empowering developers who can now work on decentralized applications (dApps) in a more cost-efficient manner.
With a social twist in its staking system, JetBolt introduces an opportunity for stakers to earn more tokens as they stake and connect with friends on the platform. This enhances staking, turning it into a collaborative, community-shared experience.
Early adopters are also enjoying presale discounts of up to 25% extra tokens when they avail of JetBolt’s special Alpha Boxes or token batch purchases.
It’s no wonder JetBolt’s presale has already sold over 100 million tokens, indicating a interest from a growing number of crypto buyers and whales. With innovative features propelling its momentum, JetBolt is swiftly establishing itself as a revolutionary altcoin to watch in the crypto space.
Solana: Could SOL revisit its $260 ATH?
Solana (SOL) has achieved significant wins in the month of November, breaching its $260 ATH and dominating DEX volume trading activity. But SOL has been experiencing dips over the last two weeks, falling on average by 2.7%.
As Bitcoin and Ethereum are making notable progress, Solana—sometimes referred to as the Ethereum killer—is trying to hold its ground. Currently trading at $236.69, SOL’s market cap still stands big at over $110 billion.
Despite the recent dips and period of consolidation, SOL’s relative Strength Index (RSI) is at 55, indicating neutral ground, which could potentially trigger buying pressure. According to analysts, the SOL/USDT pair could swing between the $210 and $248 marks for a few days. A break and close to $248 could potentially open doors for a rally to $264, which would indicate a successful revisit of SOL’s $260 ATH.
Final thoughts on Why are Bitcoin, Ethereum and Solana Up
Bitcoin, Ethereum, and Solana are three of the biggest and most dominant players in the crypto market today. They have come a long way, experienced rises and dips, and waves and crashes, but have survived them all. Meanwhile, the young altcoin JetBolt stands out with its zero-gas technology and other user-centric Web3 features that deliver practical blockchain solutions. These strong attributes position JetBolt as a formidable contender in the crypto space, making it one of the top next-generation altcoins to watch during these exciting times.
Check out the following links to learn more about JetBolt’s features and presale:
- Official Website: https://jetbolt.io/
- X/Twitter: https://x.com/jetboltofficial
- Telegram: https://t.me/jetboltcoin
This is not financial advice. All cryptocurrencies are unpredictable, so readers should conduct thorough research before making any cryptocurrency-related decisions.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
