Why Crypto Whales Are Rushing to Buy Solana, XRP, JetBolt, and Cardano
The post Why Crypto Whales Are Rushing to Buy Solana, XRP, JetBolt, and Cardano appeared on BitcoinEthereumNews.com.
With Solana (SOL) surging by 127.71% on its year-to-date (YTD) in 2024, Ripple’s XRP (XRP) rallying over 350% in the past weeks, and Cardano (ADA) surpassing $700 million in Total Value Locked (TVL), market observers are wondering why crypto whales are rushing to buy these coins. Meanwhile, a new kid on the block, JetBolt (JBOLT) is drawing interest in the crypto community with its zero-gas technology and presale accomplishment of over 150 million tokens sold. What are the statuses of these coins? Let’s explore the special attributes of Solana, XRP, Cardano, and this rising altcoin contender, JetBolt, shaping this whale frenzy. The Solana Surge: What’s Captivating Whales In? Currently priced at $230.71, Solana rose by 3.80% over the past month. Ranking fifth in the cryptocurrency market, Solana boasts a fast and efficient platform focusing on high throughput and scalability. As a hub of a great deal of dApps, Solana offers low transaction fees, which attracts more whales. As of writing, Solana’s support is above $210 and is encountering resistance near $220. SOL recently passed its $100 billion market capitalization, now valued at $111.10 billion. Why Are Crypto Giants Betting On Ripple’s XRP? Trading at $2.38 today, XRP has increased by 305.73% this month. Notably recognized as a sustainable blockchain, XRP does not require mining and utilizes negligible energy. These attributes may contribute to its perceived potential for long-term growth and stability. The network reportedly got a 285.23% boost on its YTD, sparking increased investment from seasoned crypto giants. As of press time, XRP has a market cap of $139 billion. Chart showing Ripple’s XRP (XRP) price reaching a peak of $2.90472 on December 3, according to the Trading View platform. Why Whales Are Eyeing This New Altcoin, JetBolt? This new altcoin player, JetBolt (JBOLT), has burst onto the crypto scene…
Filed under: News - @ December 12, 2024 10:21 pm