The post When Altseason? Why altcoins like SOL, Polkadot, ADA, Ethereum, and JetBolt are rising in popularity appeared on BitcoinEthereumNews.com.

SPONSORED POST* As the crypto market speculates on the upcoming alt season, Solana (SOL), Polkadot (DOT, Cardano (ADA), Ethereum (ETH), and young altcoin JetBolt (JBOLT) continue to rise in popularity, seemingly unaffected by the recent broader market downturn.  SOL’s market derivatives are showing positive trends, while Polkadot ranks 15th in terms of market capitalization. Cardano has seen 75.8% growth over the past 30 days while ETH ETFs provide optimism of an Ethereum rebound. Meanwhile, newcomer JetBolt (JBOLT) has sold 150 million tokens during its presale launch.  With each altcoin bringing exciting stories and impressive features to the table, let’s dive deeper and find out why SOL, Polkadot, ADA, Ethereum, and JetBolt are rising in popularity.   Solana: Aiming to hit $300 in this crypto cycle Solana (SOL) is a blockchain platform focusing on speed and scalability. Unlike other networks, SOL tries to avoid sharding—or layer 2 solutions—and aims instead to retain SOL as a network independently capable of hosting high-activity products and services.  SOL appears to be consolidating after almost 3 weeks of rally, beginning on November 22 when it hit its all-time high of $264.39. Priced as of writing at $217.45, SOL is currently trading within the support/imbalance zone between $215.27 and $229.60. After completing its consolidation, analysts predict the altcoin is poised to target its all-time high and the key psychological level of $300 in this cycle. Polkadot: Is DOT on track to hit $10?                Launched in 2020, Polkadot (DOT) is a scalable multi-chain platform that enables different blockchains to securely share their distinct features. DOT also enhances interoperability through parachains—specialized blockchains within Polkadot that use the relay chain to validate transactions. DOT is currently trading at $8.59, and its market cap has surged over $13 billion, making DOT the 15th largest cryptocurrency by market cap,…

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Filed under: News - @ December 10, 2024 6:25 pm