Ethereum (ETH) seems on the brink of a breakout after experiencing a sharp decline over the past weeks while the next-gen altcoin JetBolt’s (JBOLT) presale numbers skyrocket. ETH posted a modest 2.2% gain over the past 24 hours and traded at around $2,819. With such a significant climb from last week’s $2,500 to $2,600, is ETH gearing up for a breakout at $3,000?
Meanwhile, the young altcoin JetBolt witnesses a surge in presale sales. Since its debut, JetBolt has sold more than 325 million tokens, a testament to crypto whales eagerly acquiring JetBolt tokens in droves. Can JetBolt continue its ascent, and can Ethereum finally shatter the $3,000 barrier? Let’s dive into the latest updates.
Ethereum Price Forecast: Can ETH Breach $3,000?
Ethereum’s (ETH) recent price performance has been impressive. Over the past week, ETH recorded a high of $2,819 before slightly declining to its press time price of $2,736.
Chart of Ethereum’s price movement over the week illustrates ETH soaring above $2.8K based on CoinGecko data
The recent price growth of Ethereum could be attributed to the increased stablecoin inflows and ETH ETF net inflows. Data from crypto analytics provider Lookonchain revealed that while other altcoins saw outflows, Ethereum has recorded $1.1 billion in stablecoin inflows.
Additionally, ETH ETFs have already recorded net inflows of nearly 145,000 ETH midway through February, which is around seven times their total net inflows from January.
According to Nikola Lazic’s report published on CCN, if Ethereum maintains its current momentum and establishes a firm move above $2,881, it could finally breach $3,000 with a climb to $3,720.
Even so, bearish risks are still present. If ETH cannot maintain support at $2,768, a drop to $2,503 may follow.
JetBolt (JBOLT) Presale Skyrockets with Over 325 Million Tokens Sold
While Ethereum fights to demolish the $3,000 barrier, the young altcoin JetBolt (JBOLT) is at full throttle, hitting a major presale milestone of 325 million tokens sold.
JetBolt’s appeal lies in its fresh approach to solving some of the most prominent blockchain issues today. At its core of groundbreaking features is zero-gas technology, which addresses the longstanding challenges of paying expensive gas fees. With zero-gas tech, users can efficiently conduct blockchain transactions without worrying about gas costs.
Aside from removing gas fees, JetBolt tackles the difficulties in crypto staking. With JetBolt’s intuitive crypto-staking platform, stakers may find it less complex to stake their tokens. Additionally, they can earn exciting bonuses when they simultaneously stake and engage with friends on the platform.
Moreover, JetBolt’s high-tech AI-powered crypto insights tool brings convenience to this fast-paced Web3 space. This tool can display crypto news and stories automatically sorted by bearish or bullish market sentiment.
Now that the JetBolt presale is underway, early buyers can score exciting presale perks. One is the chance to get additional tokens by purchasing Alpha Boxes or JBOLT tokens in batches.
JetBolt’s cutting-edge features address some of the crypto users’ most common pain points, and its early-bird perks excite crypto buyers. These are two reasons its presale figures are skyrocketing.
Conclusion — Ethereum’s $3,000 Price Target and the Rising JetBolt Presale Sales
Ethereum could finally break the tough wall of $3,000 if it sustains bullish momentum. However, as all cryptocurrencies are volatile and macroeconomic conditions are still at play, breaking past $3,000 remains a mere prediction. Meanwhile, JetBolt’s presale reaching 325 million tokens sold is impossible to ignore. This milestone, alongside its game-changing features, makes JetBolt one of the hottest new altcoins right now.
Dive deeper into JetBolt by checking out the official JetBolt website today.
This article does not provide any financial advice. Always remember that all cryptocurrencies are risky and inherently volatile. Due diligence and extensive research are paramount before acquiring crypto or making crypto-related decisions.
