The post Can this New Altcoin Crush Solana and Toncoin? appeared on BitcoinEthereumNews.com.

Below are more details of the latest prices and updates on these top-trending altcoins. Three standout cryptocurrencies are captivating the market with their notable developments: Solana (SOL), Toncoin (TON), and newcomer JetBolt (JBOLT). Solana continues to rise with a surge in on-chain activity. However, despite significant milestones, SOL has witnessed a slight price drop. Meanwhile, Toncoin is seeing an average of 500,000 holders daily. Amidst this crypto news, a new altcoin is capturing the interest of whales seeking newer tokens with groundbreaking features: JetBolt (JBOLT). Solana (SOL) Sees Minor Price Dip Despite Increasing Network Activity Solana (SOL) has seen impressive price spikes and record-breaking on-chain activity in the past few weeks. This shows SOL’s remarkable recovery after falling below $140 in the past month. At press time, SOL is trading at $174.66, demonstrating a 14.8% increase over the past two weeks. After reclaiming the $180 mark, SOL’s price dropped slightly to 2.2% over the past 24 hours. Interestingly, this minor setback came despite significant developments like Canary Capital’s Solana spot ETF application and Solana’s consistent leadership in certain metrics over Ethereum (ETH). In a parallel development, Solana generated more daily fees than Ethereum (ETH) for the first time. Based on DeFi TVL aggregator DefiLlama, Solana has recorded over $2.54 million compared to $2.07 million for Ethereum. Some analysts highlight that this rise in daily fees indicates growing usage on the Solana network. While Solana has seen a small price drop, experts suggest sentiment over SOL remains overall bullish. As whales wait for further developments on SOL’s price action, many have started exploring young and innovative altcoins, like JetBolt (JBOLT). Toncoin (TON) Sees Explosive Growth in Daily Holders While Solana tries to maintain its bullish momentum, Toncoin struggles to recover from the price downtrend. As of late, TON is trading at…

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Filed under: News - @ November 2, 2024 5:17 pm