With Solana (SOL) surging by 127.71% on its year-to-date (YTD) in 2024, Ripple’s XRP (XRP) rallying over 350% in the past weeks, and Cardano (ADA) surpassing $700 million in Total Value Locked (TVL), market observers are wondering why crypto whales are rushing to buy these coins.
Meanwhile, a new kid on the block, JetBolt (JBOLT) is drawing interest in the crypto community with its zero-gas technology and presale accomplishment of over 150 million tokens sold.
What are the statuses of these coins? Let’s explore the special attributes of Solana, XRP, Cardano, and this rising altcoin contender, JetBolt, shaping this whale frenzy.
The Solana Surge: What’s Captivating Whales In?
Currently priced at $230.71, Solana rose by 3.80% over the past month. Ranking fifth in the cryptocurrency market, Solana boasts a fast and efficient platform focusing on high throughput and scalability. As a hub of a great deal of dApps, Solana offers low transaction fees, which attracts more whales. As of writing, Solana’s support is above $210 and is encountering resistance near $220. SOL recently passed its $100 billion market capitalization, now valued at $111.10 billion.
Why Are Crypto Giants Betting On Ripple’s XRP?
Trading at $2.38 today, XRP has increased by 305.73% this month. Notably recognized as a sustainable blockchain, XRP does not require mining and utilizes negligible energy. These attributes may contribute to its perceived potential for long-term growth and stability. The network reportedly got a 285.23% boost on its YTD, sparking increased investment from seasoned crypto giants. As of press time, XRP has a market cap of $139 billion.
Chart showing Ripple’s XRP (XRP) price reaching a peak of $2.90472 on December 3, according to the Trading View platform.
Why Whales Are Eyeing This New Altcoin, JetBolt?
This new altcoin player, JetBolt (JBOLT), has burst onto the crypto scene as one of the hottest platforms in the market today. Powered by the Skale Network, JetBolt’s zero-gas technology eliminates the additional cost of gas fees, commonly added during blockchain interactions.
By the removal of gas fees, JetBolt suits a two-in-one platform for both utility and efficiency for developers operating on DeFi, NFTs, and other Web3 projects.
To deliver an all-around convenient experience for its users, JetBolt provides lightning-fast transactions, instant finality, and a custom built Web3-Wallet.
JetBolt also boasts its socially interactive staking program where token holders can earn bonus rewards by engaging with friends on the platform.
During the presale, early adopters can receive exclusive advantages, such as getting up to 25% bonus tokens through a purchase of Alpha Box packages or token bundles. With these amazing perks and presale accomplishment of over 150 million tokens sold, it’s not surprising crypto whales and buyers get attracted to JetBolt.
What’s Driving Big Investors to Load Up on Cardano?
Currently valued at $1.156, ADA increased by 88.11% this month with a market cap of $42 billion. This platform uses Proof-of-Stake (PoS) consensus mechanism called Ouroboros and is known as a “third-generation” blockchain. The network also utilizes Cardano Computation Layer (CCL) which carries smart contracts that developers can use to move funds. To top off its best attributes, Cardano is also recognized for its peer-reviewed research, enticing more investors to load up.
In Summary: Why Crypto Whales Are Rushing to Buy Solana, XRP, JetBolt, and Cardano?
With Solana, XRP, and Cardano’s recent accomplishments, market observers are asking why seasoned investors are drawn to them. Meanwhile, this altcoin rookie, JetBolt (JBOLT), is generating headlines with its core innovation of zero-gas technology and enticing features of lightning-fast transactions, instant finality, and easy-to-earn social staking process.
Explore more about JetBolt’s revolutionary features and presale details on its official website and X/Twitter account.
This article does not offer financial advice. Always carry out your own thorough research before buying any cryptocurrencies, as the market is inherently risky and highly volatile.
