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Solana (SOL) is up a staggering 12.58% this week. With announcements about the launch of a new Solana Phone, the Seeker 2, Solana price quickly spiked as the android based device has already racked up over 140,000 units in presales. Other breaking news about Franklin Templeton’s planned Solana based financial securities platform has also sent investors into a Solana buying frenzy. With Solana (SOL) coin price hovering just below the $150, many analysts and experts have weighed in with Solana price predictions. At the same time, crypto whales are accumulating a Solana rival, JetBolt. The new altcoin JetBolt (JBOLT) has just exploded onto the crypto market, surging past $170,000 in preslaes in record time. Many important whales have taken notice and started to accumulate JetBolt tokens as on-chain activity skyrockets on both the Solana and JetBolt ecosystems.
Solana just announced this Thursday at Token 2049 that it will start shipping its new crypto phone, the Seeker 2, starting in 2025. With major improvements on the new device, Solana’s new phone has been met with overwhelming excitement from the crypto community. Solana’s first device, Saga, became a hit when crypto traders realized they could buy the units and collect airdrop tokens for an immediate profit greater than the value of the device itself. Other major announcements this week include the announcement of a new Solana based securities trading platform developed by finance giant Franklin Templeton. This development could usher in substantial institutional adoption for Solana (SOL).
Solana (SOL) is up over 650% on the year and up a staggering 17,500% since its listing. However, Solana has yet to regain its all time high price of $248. While many of Solana’s early investors have made millions in returns, many retail investors purchased Solana at the peak and have since exited at a loss. Just two years ago, Solana crashed as low as $11 following the meltdown of FTX. Now as many analysts predict a new crypto bull run, market sentiment is very bullish on Solana. Analysis conducted by experts at Coincodex suggests that SMA and EMA averages suggest a probable upward breakout for Solana. Most analysts agree that Solana (SOL) will likely increase in price soon. Many predict Solana’s price will be between $168 and $189 by the end of 2024. In the more long term, Solana could see significant upside and break past the $200 mark. However, Solana (SOL) is already the 5th biggest cryptocurrency and is therefore unlikely to experience explosive growth as it did earlier on. As a result, many Solana whales are exploring new opportunities like JetBolt, a new altcoin that is quickly disrupting the crypto space.
JetBolt (JBOLT) is a new altcoin that has exploded onto the crypto space. With a zero-gas transaction model and a completely re-engineered Web3 wallet experience, JetBolt could disrupt coins like Solana and Kaspa. JetBolt’s presale has gotten off to an explosive start with large amounts of the token already being snapped up by crypto whales. With pre-programmed price increases and discounts, early adopters are taking advantage and accumulating JetBolt tokens. As developers gear up for a new crypto bull run, JetBolt’s scaling solution could see substantial adoption from dApps. This could create a virtuous cycle and a spike in JetBolt token demand.
Solana (SOL) is an established cryptocurrency. While it remains volatile, it has substantial use cases and applications, which ensure that the token will likely endure in the long term. These use cases will fuel its growth in the medium and long term, which will likely be in the ballpark of 20-30% annually. On the other hand, JetBolt is a brand new crypto coin. JetBolt is trying to re-invent the Web3 experience. If they are successful, JetBolt could experience explosive growth the same way Solana did when it blew up.
If you are looking for exciting new early stage opportunities in crypto, I recommend you check out JetBolt. The official project links are listed below:
JetBolt Website: jetbolt.io
JetBolt Telegram: https://jetbolt.io/telegram
JetBolt X (Formerly Twitter): https://x.com/JetBoltOfficial
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