After peaking at $1.14 on March 3rd following Cardano (ADA)’s inclusion in the US crypto strategic reserve, several Cardano price predictions have ignited murmurs about ADA increasing tenfold. At the same time, Ethereum (ETH) loses dominance as its price has slipped below $2,000. The price action of these two coins underscores the crypto market’s volatility, highlighting that anything could happen in the blink of an eye.
While the established coins move at their paces, JetBolt (JBOLT) is making headlines in the crypto space and for good reasons. This new altcoin is garnering significant attention across the market after selling over 345 million tokens during its presale.
Will Cardano reverse its bearish sentiment? Can Ethereum regain its dominance? What’s the latest on Cardano price prediction developments? And what’s driving the whales to JetBolt? Let’s discover.
Cardano Price Prediction: Can Cardano Grow 1000 Times?
Following the news of the US crypto strategic reserve on March 2, Cardano skyrocketed to $1.14. Despite this development, ADA dropped by 5.9% this month before landing at its current price of $0.7253.
The hopes for ADA moving to uncharted heights are dim. Onlooking technical analysts have noted that ADA might be on the verge of a “Death Cross”, a strong bearish signal that occurs when the 50-day exponential moving average (EMA) crosses the 200-day EMA. If confirmed, this would be ADA’s first such pattern in ten months.
Besides the looming bearish signal, Cardano has a high selling pressure right now, with its oscillators and moving averages showing sell action.
Chart illustrating Cardano (ADA)’s price peaking at $1.14 on March 3, following the new order of the Crypto Strategic Reserve. (Source: CoinGecko)
Cardano is relying on its $0.70 support. If this hold doesn’t last, ADA may plunge to $0.60. On the positive side, ADA breaking through the $0.77 resistance could trigger a reversal and possibly test new barriers.
While Cardano attaining a tenfold rise won’t happen yet, ADA price prediction analysts are optimistic about Cardano’s rebound in the long term. Cardano whales recently accumulated 190 million ADA tokens on March 20th, indicating that some whales are confident about ADA’s growth.
JetBolt (JBOLT) Presale Marks New Milestone: Over 345 Million Tokens Sold
The new altcoin JetBolt ($JBOLT) is dominating the conversations in the crypto market with its ongoing blazing-hot presale. JetBolt’s presale has sold over 345 million tokens and is still counting. JetBolt is currently gaining attention with its zero-gas technology, showing what futuristic cryptocurrencies are shaping up to be like.
JetBolt’s zero-gas technology completely eradicates the gas fees on blockchain transactions, and it’s powered by the Skale Network. By removing these gas fees, this technology also benefits crypto users and developers who are fed up with paying for sky-high gas charges.
JetBolt also offers lightning-fast transactions with near-instant finality, thanks to Skale’s high-speed processing network. Apart from this, JetBolt’s integrated and user-friendly Web3 wallet allows the token holders to interact on the platform with more ease.
Another of JetBolt’s main highlights is its crypto staking and rewards earning feature. JetBolt token holders can stake their $JBOLT and earn rewards, with the possibility of collecting even more staking rewards through engagement on the platform.
Meanwhile, early adopters can get extra tokens during its ongoing presale. By purchasing JetBolt’s Alpha Box packages, early buyers can enjoy as much as up to 25% additional tokens. They can also take advantage of JetBolt’s token discounts on batch purchases.
With its soaring presale momentum and groundbreaking features such as zero-gas technology, JetBolt is amongst the wave of next-generation cryptocurrencies that have ushered in a new era for altcoins in the crypto market.
Ethereum (ETH) Losing Dominance: Can ETH Make a Comeback?
Ethereum had a rough month, and its dominance suffered a blow due to massive liquidations across the market and liquidation risks within the network, displaying a 23.1% decline this month. For the past few days, ETH lingered below $2,000 before rising by 3.2% in the last 24 hours, trading at $2,070.13.
According to analysts, the news of BlackRock’s BUIDL fund holding over $1 billion ETH tokens has contributed to Ethereum’s current bullish outlook. Ethereum also successfully exhibited an “ascending triangle” pattern on March 19th, igniting positive sentiment among traders.
Additionally, market observers note that more interest from whales could come via the buzz surrounding ETH’s Hoodi test net of its Pectra upgrade, which is set to roll out on March 26th.
Ethereum is not losing its dominance yet, as the coin recently broke out from a bear trap and confirmed its current bullish pattern.
Summary: Will Cardano 1000x As ETH Loses Dominance
While Cardano waits for a shocking breakthrough, ADA must move past key resistance levels. Ethereum is high in fighting spirit, as its current bullish outlook helps ETH reclaim dominance.
Meanwhile, the new altcoin JetBolt (JBOLT) is sparking blockchain conversations with its zero-gas technology and other cutting-edge features. This young crypto is currently in presale and has already sold over 345 million tokens. Could JetBolt rewrite history with its narrative? That remains to be seen.
Find out more about JetBolt by heading over to its official website and X page today.
This article should not be regarded as or construed as offering any financial advice. All crypto prices can surge or decline at any moment and the crypto market shifts rapidly. Please study the crypto space first and assess all risks prior to purchasing or trading any digital asset. Trade only what you are willing to lose.
