What’s causing these major altcoin price surges? Let’s explore the latest Cardano, XRP, Toncoin and JetBolt developments in the crypto market.
Cardano is pushing its way back to the top 10
Cardano has been playing it cool and green over the past week, and today has been one of its best recent performances. Surging above $0.36 with an increase of 7.8% price increase in the last 24 hours, ADA investors and traders are watching the coin’s price closely, hoping for ADA to increase nearer to the $0.5 price level.
Some crypto analysts point to Cardano’s behavior as they track the ADA’s RSI. They suggest that this metric could indicate “a pump, a pump then retrace” pattern for ADA which could possibly catapult its way back to the top 10 spot in the chart by market cap.
Will a Trump Presidency impact XRP price movements?
XRP holders are sighing with relief, as Ripple’s key token makes its way back into the green. Following a 4.3% price increase today, XRP now trades between $0.525 and $0.54 at time of writing.
Some speculate that Ripple could benefit from a Trump presidency, citing possible regulatory changes that could potentially impact the coin’s future.
The market capitalization of XRP still stands at over $30 Billion as of press time, indicating its relevance in the cryptocurrency space. Ripple maxis are hoping that possible easing of regulatory restrictions and more favorable market conditions under a Trump administration could power its resurgence in the market.
Graph of XRP price performance over the last 7 days from CoinGecko
Toncoin eyeing a 450% rally?
Bullish crypto market sentiment following Trump’s election victory seems to have reversed Toncoin’s downtrend. Toncoin (TON) gained 3.8% in the past 24 hours, bringing the coin’s 12 month performance back up to a 106.9% growth rate.
Ranked among the top 12 cryptocurrencies by market capitalization as of press time, Toncoin may be gearing up for a potential rally. However, a 450% price rally seems unlikely as of yet as there is yet little evidence to support this potential further surge.
JetBolt rising as the Next-Gen Crypto Star?
Pioneering the crypto landscape with Zero Gas technology, JetBolt (JBOLT) is rising as one of the top next generation crypto stars this November 2024.
JetBolt is fast rising as a trending new token among crypto whales, traders, and users, seeking out fresh innovations, including AI blockchain utility and new disruptive technologies. Its presale activity is growing rapidly, with over 42 million tokens sold.
This rising altcoin has a unique and rewarding staking mechanism. JetBolt staking empowers stakers who actively engage within its ecosystem to earn more staking rewards. One also gets to connect and interact with friends on the platform, enhancing the social aspect of staking.
JetBolt is jam packed with features that also improve and smoothen the user experience. It’s Web3 wallet has been designed with ease and simplicity to provide convenience to users, while they retain control through this client-side tool. Early adopters are in for discounts and additional perks. JetBolt’s exclusive Alpha Boxes and batch purchases come with an offer of up to 25% additional tokens.
Conclusion: Cardano, XRP, Toncoin, and JetBolt Surge as Trump wins
Cardano (ADA), Ripple’s XRP, Toncoin (TON), and JetBolt’s presale are all surging as the US elections come to a close and Donald Trump claims pole position. Cardano and Toncoin’s price pumps are likely attributed to an overall macro upwards shift in the altcoin market, while XRP may be up today due to expectations that a Trump presidency may coincide with regulatory shifts in the longer term. All the while, crypto whales and users are on a shopping spree, scooping up next-gen altcoins like JetBolt, the zero gas star.
Discover more about why JetBolt is creating a buzz:
JetBolt’s Website: https://jetbolt.io/
X/Twitter Account: https://x.com/jetboltofficial
Telegram Community: https://t.me/jetboltcoin
Remember, this article is not financial advice. Any and all cryptocurrencies are volatile and come with risks. Crypto prices can unexpectedly go up or down at any time. Readers should conduct their own research before engaging in any cryptocurrency activity.
