The post Solana Price Prediction: Can SOL Shatter $500 as JetBolt’s Presale Shows Strength appeared first on Coinpedia Fintech News
Solana (SOL) is trading at $120.78 today. This decline is partly attributed to multiple meme coin incidents, such as the LIBRA meme coin scandal, which have negatively impacted Solana. With its inclusion in the new Crypto Strategic Reserve order and the new network layer-2 upgrade quietly in the works, can these help Solana reverse its current bearish trend and shatter $500?
In other altcoin news, the new altcoin JetBolt (JBOLT), is stirring up the crypto waters with its presale selling over 340 million tokens since its debut. JetBolt continues to enthrall the crypto community with its blockchain functionality and innovative solutions.
What are the factors that could help Solana reach $500? And what’s behind JetBolt’s presale success? Let’s discover.
Solana Price Prediction: Can Solana Hit $500?
Solana is currently in a bearish trend, with a 5.3% decline in the last 24 hours and 11.4% over the past week. Due to meme coin scandals, such as the LIBRA meme coin incident, Solana faced some serious capital outflows with over $485 million as some investors flocked to other major blockchain platforms for refuge. SOL experienced a 41.4% price drop in the last thirty days.
Solana’s technical indicators suggest it may be approaching a death cross pattern, which happens when the 50-day simple moving average (SMA) crosses below the 200-day SMA. If Solana validates this bearish pattern, SOL’s price will further decline. Solana is testing resistance at $136.14, with key support levels of $109.08 and $88.
Some analysts believe that if Solana manages to stay above its key support levels, it could regain momentum and potentially reverse its bearish trend. But for now, Solana needs to regain investors’ confidence and acquire inflows to improve its bearish price.
Solana is currently working on a network upgrade called the layer 2 solution Solaxy ($SOLX), which aims to boost network sustainability and enhance the network’s efficiency during traffic. Solana is also one of the coins mentioned in the Crypto Strategic Reserve new order signed last March 6th, which garnered mixed reactions from the crypto community.
Can Solana hit $500? Reaching $500 is improbable at the moment for SOL, as the coin is still in a bearish trend. SOL needs to break out from its current bearish pattern, acquire bullish momentum, and amplify network activity. Analysts also suggest a longer timeframe would be more realistic for SOL to achieve this price goal.
JetBolt (JBOLT)’s Presale Soars Past 340 Million: What’s Behind this Presale Success?
While breaking $500 still remains uncertain for Solana at the moment, the new altcoin JetBolt (JBOLT) is smashing headlines with its presale that has already sold over 340 million tokens.
JetBolt is piquing the interest of crypto whales and buyers with its flagship feature of zero-gas technology and other cutting-edge features. But what’s behind JetBolt’s presale success?
JetBolt’s zero-gas technology is one of the reasons whales are hooked on this new altcoin. Leveraging the powerful Skale Network, JetBolt completely removes gas fees in all its blockchain transactions across the platform. Developers working on decentralized applications (dApps), blockchain gaming, and other Web3 projects on JetBolt’s platform could create without gas fees.
JetBolt’s Web3 integration is also one of its main highlights. JetBolt features a Web3 wallet system that has biometric authentication measures enabling the token holders to log in to their accounts without difficulty. JetBolt offers lightning-fast transactions with near-instant finality, ensuring a seamless user experience.
Using an AI-powered utility, JetBolt provides blockchain news, stories, and Web3 content that are all aggregated based on bullish or bearish market sentiment. JetBolt also has a daily newsletter feature to prompt token holders to claim their staking rewards.
Through its Proof of Attendance and Worth protocol (PAW), stakers can earn more rewards by staking and connecting with other users on JetBolt’s platform. Early adopters can also get more JBOLT tokens by purchasing these Alpha Box packages on JetBolt’s official website. These treasure chests can grant up to 25% more bonus tokens during its ongoing presale.
With its zero-gas tech, Web3 wallet feature, and AI-integration tool, it’s no surprise that JetBolt’s presale has gained notable traction.
Summary: Can SOL Shatter $500 as JetBolt’s Presale Shows Strength?
Solana shattering $500 seems unlikely at the moment, as the coin is currently experiencing a bearish trend caused by some challenging factors. Despite its bearish momentum, analysts are optimistic that Solana could achieve this price goal in the long term if Solana’s market sentiment improves.
Besides Solana’s news, JetBolt (JBOLT) is the new talk of the town, with its presale showing strength, selling over 340 million tokens since its launch. JetBolt offers zero-gas technology, a Web3 wallet system, and an AI-powered tool that quickly gained traction among crypto enthusiasts. As JetBolt’s presale mounts, it’s no surprise that this new altcoin continues to attract interest among whales.
Explore more about JetBolt, visit its official website and X page today.
This article does not offer trading or financial advice. All cryptocurrencies carry significant risks and cryptocurrencies can crash rapidly. Please do your own research prior to buying or trading any crypto. Trade wisely.
