Currently trading at $3,218.74, Ethereum (ETH) has experienced a sharp decline of 6.14% over the past 30 days. After peaking at $3,707.76 on January 7th, speculation is growing within the crypto community about whether ETH could be the next altcoin to mark a new all-time high (ATH) in the near future.
Amid murmurs of ETH reaching a new price high, the new altcoin JetBolt (JBOLT) is shaking up the crypto market with its astounding presale, surpassing 280 million tokens sold to date. Featuring zero-gas tokens and AI tech, JetBolt continues to gain soaring momentum in the Web3 space.
As JetBolt captivates whales with its groundbreaking ecosystem, could ETH hit a new price high soon? Keep reading to find out.
Ethereum Price Forecast: Can Ethereum Hit A New All-Time High?
Ethereum (ETH) is currently experiencing bearish sentiment, having reportedly declined by 5.28% on its 7-day price chart and 6.14% over the last thirty days. With its recent peak of $3.7K on January 7th, can ETH mark a new all-time high soon?
Ethereum (ETH)’s price is fluctuating in the last thirty days, according to a graph from the CoinMarketCap trading platform.
According to analysts, Ethereum hitting a new price high may not happen soon, as the coin struggles with its current technical resistance and bearish sentiment. Ethereum’s Fear & Greed Index is valued at 84, suggesting an extreme greed buying opportunity. However, the Relative Strength Index (RSI) for ETH stands at 45.49, indicating a neutral action.
Meanwhile, Ethereum Foundation’s Head Vitalik Buterin is making headlines with leadership developments within the organization. While most of his proposals focus on improving the technical expertise of the Ethereum ecosystem, these decisions could also impact ETH’s price and users’ and investors’ confidence in the coin.
Lastly, ETH surpassing its latest all-time high (ATH) of $4,950 in November 2024 seems unlikely at the moment, as it needs to regain its bullish momentum. However, if Ethereum’s current bearish conditions shift and its technological advancements gain traction, reaching a new price high could be possible.
JetBolt’s Presale of Over 280 Million Tokens Sold: What’s Driving Whales to this New Altcoin?
As Ethereum continues to regain its bullish momentum, all eyes are shifting to the new altcoin JetBolt (JBOLT) as it hits a new milestone—selling over 280 million tokens during its presale.
Built on the Skale Network, JetBolt features zero-gas technology, which eliminates the high gas fees during blockchain transactions. With this avant-garde solution, JetBolt addresses the longstanding challenge of gas costs, providing significant benefits to platform users.
Beyond the gas-free transactions, JetBolt provides lightning-fast transactions, near-instant finality and advanced Web3 Wallet features. The young altcoin’s Web3 Wallet is equipped with the WebAuthN protocol, enabling biometrics and facial authentication for a more enhanced experience.
Moreover, JetBolt also utilizes advanced artificial intelligence (AI) technology, with its AI aggregator tool delivering snippets of third-party Web3 content and blockchain news, categorized based on bullish or bearish sentiment.
Thanks to JetBolt’s SocialFi staking system, token holders who stake their tokens can get rewards when they actively engage on the platform. Aside from staking tokens, users can also receive rewards by connecting with other token holders.
Lastly, JetBolt’s early adopters can acquire up to 25% bonus tokens when they buy Alpha Box packages in batches. Early buyers can also get discounts and other exclusive perks like daily token price increases during its presale.
As JetBolt continues to grow in momentum, more whales and buyers are captivated by this new altcoin with zero-gas tech and other next-gen features.
Quick Recap: Will ETH be the next Altcoin to Mark a New ATH as JetBolt Captivates
While Ethereum hitting a new ATH may seem unlikely right now, a shift in its bearish condition and its technological advancements gaining traction could help ETH reach a new price high soon. Meanwhile, the new altcoin JetBolt (JBOLT) is captivating the eyes of whales and buyers with its presale of over 280 million tokens sold, zero-gas technology, and other user-focused attributes such as Web3 Wallet features, AI-aggregation tools, and lightning-fast transactions.
Read more about JetBolt’s presale information by heading over to its official website now.
This piece does not offer financial advice or any sort of advice. Please keep in mind that all cryptocurrencies are highly volatile, and the cryptocurrency market is unpredictable. Please conduct your own thorough research before buying any cryptocurrency or making a decision related to this field.
