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As the crypto market speculates on the upcoming alt season, Solana (SOL), Polkadot (DOT, Cardano (ADA), Ethereum (ETH), and young altcoin JetBolt (JBOLT) continue to rise in popularity, seemingly unaffected by the recent broader market downturn.
SOL’s market derivatives are showing positive trends, while Polkadot ranks 15th in terms of market capitalization. Cardano has seen 75.8% growth over the past 30 days while ETH ETFs provide optimism of an Ethereum rebound. Meanwhile, newcomer JetBolt (JBOLT) has sold 150 million tokens during its presale launch.
With each altcoin bringing exciting stories and impressive features to the table, let’s dive deeper and find out why SOL, Polkadot, ADA, Ethereum, and JetBolt are rising in popularity.
Solana: Aiming to hit $300 in this crypto cycle
Solana (SOL) is a blockchain platform focusing on speed and scalability. Unlike other networks, SOL tries to avoid sharding—or layer 2 solutions—and aims instead to retain SOL as a network independently capable of hosting high-activity products and services.
SOL appears to be consolidating after almost 3 weeks of rally, beginning on November 22 when it hit its all-time high of $264.39. Priced as of writing at $217.45, SOL is currently trading within the support/imbalance zone between $215.27 and $229.60. After completing its consolidation, analysts predict the altcoin is poised to target its all-time high and the key psychological level of $300 in this cycle.
Polkadot: Is DOT on track to hit $10?
Launched in 2020, Polkadot (DOT) is a scalable multi-chain platform that enables different blockchains to securely share their distinct features. DOT also enhances interoperability through parachains—specialized blockchains within Polkadot that use the relay chain to validate transactions.
DOT is currently trading at $8.59, and its market cap has surged over $13 billion, making DOT the 15th largest cryptocurrency by market cap, according to CoinMarketCap data. Analysts predict that if the market regains momentum and investors’ interest keeps growing, Polkadot may potentially rally to $10.
Cardano: ADA on a breakout in this crypto-wide pump
Cardano (ADA) seems to be out-performing Solana and Ethereum in the last 20 crypto trading days. ADA experienced a notable 230% gain in November—its best month since August 2021. On top of that, futures open interest reached a 40-month high of $1.18 billion on December 3, reflecting a strong market interest.
Cardano, a platform known for its focus on security and scalability, is currently trading at $1.02. ADA marked a milestone on November 23 when it broke through $1 and posted a market capitalization of above $40 billion for the first time in three years.
Month-long Price chart of Cardano courtesy of CoinGecko
More recently, Cardano’s Layer-2 scaling solutions, Hydra, achieved a monumental record of 2 billion transactions in four hours, surpassing Visa’s volume. This feat highlights Cardano’s growing capabilities, positioning ADA as one of the leading service providers in the DeFi sector.
JetBolt: Surging in the alt season with zero-gas technology
JetBolt (JBOLT) is a young emerging altcoin attracting the crypto spotlight with its innovative approach to some of blockchain’s struggles. JetBolt’s presale has reached a smashing record of over 150 million tokens sold. So, what’s driving the growing interest in this crypto upstart?
JetBolt is stirring up the crypto space with its revolutionary zero-gas technology. Leveraged on the Skale Network, this feature completely eliminates gas fees—costs that users of other networks try to avoid, making transactions faster and more cost-effective for blockchain users and developers.
With JetBolt, staking goes hand in hand with community engagement. The token’s SocialFi system offers users the chance to earn more tokens as they stake and connect with friends on the platform, making the staking experience fun, collaborative, and rewarding.
Still in its presale phase, JetBolt offers early buyers presale bonuses of up to 25% extra tokens when purchasing special Alpha Boxes or JBOLT tokens in batches.
With innovative features driving its momentum, JetBolt continues to rise in popularity and adoption. This makes it one of the fresh altcoins that could redefine the next-generation blockchain space.
Ethereum: Bullish sentiment surrounds ETH ETFs
As the broad crypto market grapples with uncertainties that resulted in massive sell-offs and liquidations, Ethereum’s (ETH) saving grace proved to be its exchange-traded funds (ETFs).
ETH ETFs posted a record net inflow of nearly $840 million last week, following ten consecutive days of positive flows, as per Coinglass data. BlackRock’s ETHA contributed mostly to the surge, registering $573 million in inflows last week. As a result, ETH ETFs exceeded $1.4 billion in cumulative flows.
ETH is trading at $3,734.94 as of press time, with a market cap of over $453 billion—still the second largest and most traded cryptocurrency in the market.
Summary: Why altcoins like Solana, Polkadot, Cardano, Ethereum, and JetBolt are rising in popularity
Solana (SOL), Polkadot (DOT), Cardano (ADA), and Ethereum (ETH) continue to rise in popularity ahead of the alt season, showcasing their resiliency and real-world utility amidst the crypto market volatility. Meanwhile, the young altcoin JetBolt is gaining attention from crypto whales and maxis, owing to its zero-gas technology and other blockchain innovative features that deliver practical benefits. JetBolt’s impressive presale sales of over 150 million tokens sold is a testament to its growing position as one of the next-gen altcoins to watch in the upcoming alt season.
For more information on JetBolt’s exciting features and ongoing presale, visit the official JetBolt website today.
This article does not offer financial advice. Always conduct personal research before acquiring any cryptocurrency as they can be risky and unpredictable.
*This article was paid for. Cryptonomist did not write the article or test the platform.
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