Ethereum Bulls Expect $10,000, but JetBolt Is Stealing the Spotlight

Ethereum’s all-time price reached nearly $5,000, as the coin climbed to slightly above $4,700 in the last crypto market rally. Ethereum bulls and many in the community are still aiming for a $10,000 price target for ETH some day, but when will this happen? Ethereum currently trades at $2,475,28, and while it’s up 38.4% in the last year, ETH technical indicators are weak, with a “Strong Sell” indicator based on the coin’s daily moving average according to TradingView. 

Is Ethereum’s $10,000 price target realistic, and why is next generation JetBolt stealing the spotlight as older generation ETH stagnates?

Is $10K Ethereum on the Horizon or just a stretch?

2024 has been a recovery year for Ethereum, with the coin’s price appreciating by over 38% in 12 months following a major dip from it's all time high. While Etheruem has certainly bounced back from its previous lows as it now trades at $2,475.28, ETH is still not yet out of the woods. Ethereum has lost market share this year to a number of younger altcoins, from Solana to even younger newcomers who have carved out unique niches and challenged ETH’s hegemony in the Dapps, tokens, and utility fields. 

Based on today’s technical from TradingView, Ethereum is in “Strong Sell” territory, with Momentum and MACD level oscillators also suggesting Sell action. Ethereum’s price performance in the last month has also been somewhat stagnant, with ETH dropping by 5.5% in 30 days. Therefore, although Ethereum remains strong, widely respected and with a high adoption and use rate, it’s not showing signs of a push to $10,000 price territory, at least not yet.

A major new Ethereum thematic and narrative developing is that it’s falling behind many newer altcoins, and that ETH has yet to overcome many of its past issues—high gas costs, relatively low transaction speeds—that have driven many Dapp developers, traders, and users into the arms of younger, more performant, and cost-effective chains. Although ETH founder Vitalik Buterin has acknowledged the need to counter younger competitors, his plans to improve gas fee costs and increase transaction speeds on Ethereum may not materialize fast enough to stop the outflow or ETH users onto other chains.

Why is JetBolt the Crypto Market’s New Darling?

Amidst the quest for younger altcoins, JetBolt ($JBOLT) is rising as the next generation crypto star winning the day. JetBolt is armed with its own secret weapon, Zero gas technology from Skale. As buyers and users rush to new blockchain solutions with eliminating friction, JetBolt is seen by some as a potentially revolutionary newcomer, eliminating crypto’s biggest pain points. 

But that’s not the only reason why JetBolt is gaining interest from crypto whales and why Ethereum holders are buying JetBolt. JetBolt also includes other exciting tech and utility. Its integrated non-custodial wallet delivers freedom with ease of use for JetBolt holders, while the platform also features a Web3 news aggregator utilizing the power of artificial intelligence to distill crypto content in an entertaining and exciting way.

Over 41 million JetBolt tokens have been purchased to date, and the token’s presale is going from strength to strength. This next generation altcoin also includes staking functionality embedding a social twist. As JetBolt’s presale price increases every day, buyers have been rushing to explore this newcomer with ready utility from the onset. Exclusive token bonuses are also available for early buyers who buy JetBolt tokens through the Alpha Boxes or in batches.

Conclusion: Ethereum holds strong, but $10K a stretch as new altcoins take the spotlight.

Ethereum may likely continue to trade sideways or experience further price drops in the coming days as technical indicators suggest that the bears are prevailing as sell pressure takes hold ETH in the market. While Ethereum may be down, it’s still a dominant force in the crypto market, and will likely hold on to its rank as top altcoin by market capitalization as it sits right behind Bitcoin based on that metric. 

That being said, the era of Ethereum’s hegemony may soon come to a close, as medium and even younger altcoins gain prominence. JetBolt, armed with Zero gas technology, is amongst the revolutionary next generation coins attracting ETH holders and crypto whales as we near a new crypto cycle.

To get more information and updates on JetBolt, you can head to:

JetBolt’s Website: https://jetbolt.io

JetBolt’s Telegram: https://jetbolt.io/telegram

X/Twitter: https://x.com/JetBoltOfficial

There is no financial advice in this news article. Do your own research when exploring crypto coins and tokens and acknowledge and understand that these carry risks and can be affected by high degrees of volatility.