In today’s breaking news about Ethereum (ETH), asset management firm Franklin Templeton announced the launch of an exchange-traded fund (ETF) holding Bitcoin and Ethereum. Additionally, the Ethereum Foundation is taking steps to boost its social media presence as Ethereum’s price faces challenges from competitors and overall market sentiment remains low.
In parallel, the fast-rising altcoin JetBolt (JBOLT) is making significant strides in the crypto space, capturing attention with its cutting-edge zero-gas technology and Web3 utilities. JetBolt’s presale is turning into a hot party, with over 330 million tokens already sold.
In the light of these developments, could Ethereum attain $10,000 soon? And what’s fueling JetBolt’s intensifying presale strength? Let’s explore what’s on the horizon for these two spotlighted coins.
Ethereum: Could ETH Reach $10,000?
Ethereum (ETH) has been in a consolidation phase for quite a while, hovering below key resistance levels and struggling to gain momentum as it trades sideways. Trading at $2,749.90 as of writing, ETH has mildly rebounded from declining almost 18% in the past month.
Month-long price chart of Ethereum reflecting sideways movement for the past weeks, courtesy of CoinGecko
Ethereum’s “lackluster” performance compared with Bitcoin and other leading altcoins has widely ignited criticisms. However, despite the prevailing low sentiment, there are developments that could precipitate a shift in ETH’s movement.
One of these is the job posting by Ethereum Foundation (EF), looking for a social media manager to help boost its presence in the digital media. Some industry experts suggest that the job posting presents an opportunity for the foundation to adopt a more aggressive marketing strategy. Additionally, Ethereum developers have agreed to implement protocol upgrades at a faster pace to more effectively advance Ethereum’s technical roadmap.
Furthermore, on February 20th, Franklin Templeton announced the launch of an exchange-traded fund (ETF) that will hold spot Bitcoin and Ethereum ETFs. This could potentially increase institutional interest in Ethereum and widen its market influence.
Ethereum is eliciting mixed market sentiment, with some investors expecting a deeper correction and extended consolidation, while others believe Ethereum is setting the stage for a recovery rally. Despite analysts suggesting a potential breakout target at $3,055, which could act as a turning point for ETH’s short-term trend, it appears that Ethereum’s target to reach $10,000 cannot be achieved in the next few months.
JetBolt: Gaining Traction with its Presale Selling Over 330 Million Tokens Already
While awaiting Ethereum’s next move toward recovery, blockchain enthusiasts are turning their attention to the emerging player JetBolt (JBOLT), intrigued by its impressive blend of innovative technologies and user-friendly Web3 utilities. With an exciting presale that has already sold over 330 million tokens, JetBolt is making waves in the crypto landscape.
One of the most amazing features of JetBolt is its zero-gas technology, powered by the sophisticated Skale Network. This game-changing innovation eliminates gas fees, enabling everyday users to conduct blockchain transactions effortlessly and without worrying about unpredictable gas costs. For developers, this could open doors for explorations in dApps, SocialFi, and Web3 projects, making it easier and more affordable to bring their creative ideas to life.
JetBolt’s user-friendly Web3 wallet, featuring advanced WebAuthN and face recognition protocols, simplifies crypto transactions for beginners and seasoned enthusiasts.
JetBolt also comes with an AI-driven utility that delivers aggregated blockchain trending stories and crypto content, functioning like a news feed with neatly organized updates based on market sentiment.
JetBolt takes staking to the next level with its innovative SocialFi system, allowing users to earn reward tokens by connecting with others on top of staking their JetBolt tokens. Through this engaging approach, social interactions and earning rewards go hand in hand.
Early buyers can also avail of enticing presale perks, including up to 25% token bonuses through exclusive Alpha Box bundles or batch purchases.
Newcomer JetBolt is becoming a central topic in crypto discussions, as a growing number of crypto watchers discover its tech-powered innovations. With its remarkable presale, JetBolt’s momentum is building, making it one of the exciting contenders in the altcoin space.
Summary: Will ETH Attain $10,000 as JetBolt’s Presale Gains Strength
As Ethereum continues to trade sideways in a tight range, the market seems divided on whether Ethereum could be gearing up for a recovery rally or is headed for deeper price correction. Even with positive developments that could potentially serve as market catalysts, Ethereum’s target to hit $10,000 seems challenging to achieve in the short term.
Meanwhile, JetBolt seems to be crafting a different narrative—moving into a new level with every coin added to the more than 330 million tokens already sold in its presale. Boasting zero-gas tech, an intuitive Web3 wallet, and a host of innovative features, JetBolt shows no sign of slowing down. The crypto market looks competitive but JetBolt appears ready to shine with its next-generation brand of blockchain experience.
Head to the official JetBolt website today for more details of JetBolt’s ongoing presale and amazing features.
This article does not aim to offer any trading or financial guidance. With the inherent volatility of the crypto market, all cryptocurrencies carry substantial risks. As such, due diligence is essential. Readers are encouraged to be prudent when engaging in any crypto-related activities.
