Crypto traders and market analysts are laser-focused on Ethereum’s (ETH) recent uptick and JetBolt’s (JBOLT) breathtaking presale surge. After weeks of consolidation, Ethereum is showing signs of strength, possibly fueled by investors’ enthusiasm over the Cboe BZX Exchange’s significant announcement related to the spot Ethereum ETF.
But while Ethereum inches toward a potential major recovery, another innovative altcoin is standing in the crypto spotlight—JetBolt. Since its presale began, JetBolt has smashed past 320 million tokens sold, signifying an increasing interest in this trailblazing zero-gas altcoin. Why is the JetBolt presale shooting up, and can ETH finally break away in mid-February? Let’s dive in.
Ethereum Mid-Feb Price Forecast: Can ETH Finally Soar?
After intense volatility that sent Ethereum’s (ETH) price to fall 16.2% over the past month, the second-biggest cryptocurrency by market cap is showing mild signs of strength. As of press time, ETH is trading at $2,704, reflecting a modest gain of 0.9% over the last 24 hours.
Chart of Ethereum’s latest price movement from CoinGecko
Ethereum’s recent price spike can be partly attributed to the Cboe BZX Exchange’s announcement of its plans to integrate staking capabilities into 21Shares’ spot Ethereum ETF. This initiative marks the first attempt to merge a traditional ETF structure with crypto staking rewards.
With such a significant development surrounding Ethereum, could it finally drive more investors for ETH to break away?
The ETH price recovered almost 3% this week after a nearly 9% correction in the previous week. According to Manish Chhetri’s analysis published on FXStreet, ETH could extend its recovery to test the $3,000 level.
However, bearish risks persist. If ETH maintains its downward trend and closes below $2,359, it could further decline to test its next weekly support at $1,905.
JetBolt (JBOLT) Presale Shoots Up: Why are Whales Rushing In?
While Ethereum’s potential price appreciation stalls, the next-gen altcoin JetBolt (JBOLT) is already on fire. Since its presale commenced, JetBolt has sold more than 320 million tokens.
So, what’s driving the JetBolt buying frenzy?
JetBolt’s groundbreaking features are driving its presale momentum. First, JetBolt’s zero-gas technology enables crypto users to transact without having to pay gas fees, which is one of the oldest barriers to crypto adoption. This feature is indeed a game-changer.
Another revolutionary feature is JetBolt’s user-friendly crypto-staking platform. While others find staking complex, stakers can enjoy the JetBolt platform’s easy-to-use design. Additionally, they can earn exciting rewards when they simultaneously stake their tokens and engage with friends or acquaintances on the platform.
JetBolt also employs a high-tech approach in its features, with its crypto-insights tool leveraging the power of artificial intelligence. This AI-driven tool showcases snippets of crypto news and other Web3 content and automatically arranges them by bullish or bearish market sentiment.
JetBolt is currently in presale and offers enticing presale perks, making it an exciting time to acquire JBOLT tokens early. Buyers have the chance to get up to 25% extra tokens when they purchase Alpha Boxes or tokens in bundles.
With its state-of-the-art and distinctive features and early bird perks, it’s no wonder that JetBolt’s token sales during the presale shot up.
Conclusion — Ethereum’s Price Trajectory in Mid-Feb and JetBolt’s Presale Performance
Ethereum’s price growth is slow this mid-February due to macroeconomic factors. Despite major developments surrounding Ethereum, most recently, the plans to incorporate staking capabilities into 21Shares’ spot Ethereum ETF, predicting whether it could finally break away remains to be seen. On the other hand, JetBolt’s token sales during the presale continue to shoop up, fueled by its early-bird perks and groundbreaking features like zero-gas technology.
Learn more about the hot new altcoin JetBolt. Visit the official JetBolt website today.
This written piece does not offer any financial advice. Always conduct thorough research before acquiring any crypto asset. All cryptocurrencies carry significant risks, and their prices can fluctuate rapidly because of their highly volatile nature.
