Altseason Alert: Why Crypto Whales Are Hoarding Solana, Dogecoin, and JetBolt

Amid market turbulence, Bloomberg ETF analysts James Seyffart and Eric Balchunas expressed optimism that exchange-traded products for cryptocurrencies like Solana SOL $139.3 24h volatility: 0.4% Market cap: $72.01 B Vol. 24h: $2.58 B and Dogecoin DOGE $0.16 24h volatility: 1.3% Market cap: $23.37 B Vol. 24h: $444.95 M have strong chances of securing regulatory approvals. Bolstered by this prediction, Solana has reclaimed the crucial $200 level, while Dogecoin has surged by 6.3% over the last 24 hours.

Meanwhile, the fast-rising altcoin JetBolt continues to capture the attention of whales and altcoin buyers alike, thanks to its groundbreaking features like zero-gas technology and a presale that has already surpassed 320 million tokens sold.

With this resurgence in interest, can Solana and Dogecoin maintain their upward momentum, or will emerging contenders like JetBolt disrupt the crypto landscape? Let’s delve deeper into why crypto whales are hoarding these three trending coins for the upcoming altseason.

Solana Price Prediction: Is SOL Making the Big Move toward Hitting $400?

According to data from Glassnode, over 5 million new addresses are being added daily on the Solana network, highlighting its widening user base. This surge in adoption signals an expanding Solana ecosystem that is attracting increasing interest from both users and investors. Each new address added to the blockchain boosts positive sentiment around SOL, indicating a favorable outlook for the token’s future.

Additionally, Bloomberg ETF analysts James Seyffart and Eric Balchunas are optimistic about the chances of regulatory approval for Solana’s exchange-traded products, assigning a 70% likelihood of approval for the Solana ETF.

Priced at $204.58 as of writing, SOL has reclaimed the crucial $200 level, gaining by 1.4% over the last 24 hours. According to some market observers, SOL’s ability to maintain crucial support zones despite general market declines has been one of its greatest strengths in recent weeks. Analysts believe that if Solana can sustain support around $200, the next target could be well over $300, with $387-$400 emerging as a potential peak.

Dogecoin Price Forecast: Can DOGE Breakout to $1?

Alongside Solana, Dogecoin (DOGE) is experiencing a rise in its open interest. According to CoinGlass, on Feb. 8th, Dogecoin’s open interest rebounded, reaching 9.16 billion DOGE in committed assets by futures traders. Over $2.2 billion has been committed to futures trading, reflecting renewed interest in Dogecoin after the recent market slowdown.

Major exchanges like Gate.io, Binance, Bybit, Bitget, and OKX are fueling this momentum, indicating that a breakout for DOGE may be imminent. Notably, Gate.io holds a significant number of DOGE investors, with the highest exposure in the futures market – $754.73 million, accounting for 32.9% of the market share.

Currently trading at $0.2659, DOGE has increased 6.3% over the last 24 hours. Market insiders believe that investors’ optimism interest is high, ignited by Bloomberg analysts Seyffart and Balchunas’ prediction of a 90% approval rating for a DOGE ETF. Riding on the wave of optimism and political tailwinds, some analysts forecast that DOGE could soon reach the psychologically crucial $1 level.

Among these analysts is Master Kenobi, who has drawn parallels between DOGE’s current price action and that of 2017. Based on these similarities, Kenobi forecasts that DOGE could increase 6x from its current level, potentially rallying to as high as $1.25 in the near future. He further suggested that DOGE might reach this peak around mid-April or May 2025.

JetBolt: Disrupting the Crypto Landscape with Zero-Gas Tech and Web3 Utilities

JetBolt (JBOLT) is a young altcoin contender that’s increasingly gaining traction in the crypto market, boasting groundbreaking Web3 utilities and a red-hot presale that has sold over 320 million tokens since its debut.

Leading JetBolt’s array of game-changing features is zero-gas technology, operating on the Skale blockchain to provide zero-gas transactions to blockchain users. Moreover, this Skale tech feature enables developers to possibly create dApps, SocialFi, and Web3 projects without incurring gas costs, addressing one of the typical hindrances to blockchain innovation.

Packed with WebAuthN and biometric recognition integrations, JetBolt’s Web3 wallet allows users to easily access and manage their tokens. Additionally, JetBolt comes with a modern utility that taps into the flourishing AI technology – an AI-driven tool that showcases snippets of trending Web3 news and crypto insights tagged according to market sentiment.

For early buyers, JetBolt offers attractive presale perks, including getting up to 25% extra tokens by purchasing Alpha Boxes or JBOLT tokens in batch packages. Moreover, buyers can readily access JetBolt’s functional ecosystem right from day one.

With its host of forward-thinking blockchain solutions and a soaring presale to over 320 million tokens sold, JetBolt is expanding its market reach. This innovative altcoin is capturing the attention of whales, who are eagerly flocking to its ecosystem, making JetBolt one of the rising altcoins to watch this year.

Summary: Why Crypto Whales Are Hoarding Solana, Dogecoin, and JetBolt

As the market navigates this period of volatility, the optimism surrounding Solana and Dogecoin’s potential ETF approvals marks a pivotal moment for both cryptocurrencies. This development has significantly sparked renewed interest among institutional and retail investors, leading Solana to reclaim the crucial $200 level and Dogecoin to experience a notable price surge over the last 24 hours.

Meanwhile, JetBolt is emerging as a compelling new player in the altcoin arena. JetBolt’s game-changing zero-gas technology and intuitive Web3 wallet, plus an impressive presale performance – already surpassed 320 million tokens sold – are capturing the attention of whales and altcoin buyers alike. With its forward-thinking Web3 solutions, JetBolt is leading the way toward a frictionless blockchain experience.

For more details about JetBolt and its cutting-edge features, head to the official JetBolt website now.

Disclaimer: This article does not provide any financial or trading advice. Readers should always take into account the risks and volatility that surround all cryptocurrencies. Conduct independent research before making any crypto-related purchase or trading decision. 

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