Cardano (ADA) and JetBolt (JBOLT) are shaking up the market as a potential altseason looms. Rumors are swirling about the U.S. federal government potentially utilizing Cardano’s blockchain technology to develop a secure and transparent election voting system. As the community eagerly awaits further developments, the Cardano price prediction remains full of speculations.

Mirroring the excitement for this altseason, JetBolt’s hot presale has captured the attention of tech-savvy whales. With JBOLT’s zero-gas technology’s innovative approach, combined with a successful presale that has already seen over 100 million tokens sold, has positioned JetBolt as a watch-out new player in the crypto space.

Dive in as we discuss can Cardano ADA break $5 alongside JetBolt surges this altseason.

Cardano Price Prediction: Is the $5 Dream Farfetched?

Cardano’s ADA has been a standout in the crypto market, delivering an impressive rally with over 100% gains in the past nine days, driven by renewed market interest and speculation.

A surge past the $0.6837 mark has fueled optimism, with some attributing the momentum to unconfirmed rumors about the Department of Government Efficiency (DOGE) exploring Cardano for a federal blockchain voting system. Bullish sentiment has been further supported by significant exchange outflows, reflecting strong buying pressure, and a continued push to test key resistance levels at $0.8104.

However, a realistic evaluation of ADA’s near-term trajectory suggests that breaching the ambitious $5 mark is unlikely during this altseason. The Relative Strength Index (RSI) hovering in the overbought territory at 84.56 points to an impending correction, which could stall its current uptrend.

Furthermore, despite bullish market indicators, ADA’s price would require sustained momentum and broader adoption breakthroughs to approach such high valuations. Investors should temper expectations and focus on incremental growth rather than expecting meteoric rises in the short term.

Is JetBolt the Next Star? 100M Tokens Sold So Far

A fresh contender is capturing the imagination of next-gen altcoin enthusiasts—JetBolt (JBOLT). This rising star has already turned heads with its ongoing presale, surpassing the milestone of 100 million tokens sold. This achievement highlights the growing confidence among whales in JetBolt’s potential with the zero-gas technology.

JetBolt stands out in the competitive altcoin market with a suite of groundbreaking innovations. The key to its popularity is its zero-gas technology, a transformative feature powered by the Skale network. By eliminating gas fees, JBOLT addresses one of the most persistent challenges in blockchain transactions. This not only enhances the user experience but also creates a developer-friendly ecosystem, empowering creators to build diverse applications—ranging from dApps to SocialFi platforms—without the financial strain of high transaction costs.

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Adding to its allure is JetBolt’s fresh approach to staking. Unlike traditional, often complex staking mechanisms, JetBolt introduces a simplified, gamified system. Users can stake their JBOLT tokens and earn rewards, with added bonuses for connecting and engaging with friends on the platform. This social and interactive twist makes staking more engaging, drawing in both crypto veterans and newcomers alike.

Fueling the presale excitement are strategic incentives designed to attract early supporters. Buyers can unlock up to 25% additional tokens through Alpha Box purchases, a perk that appeals to whales and bulk buyers.

As JetBolt surges this altseason, it is rapidly carving out its niche as a standout player in the altcoin space. It’s no surprise that bullish whales are rallying behind JBOLT, anticipating its potential in the crypto landscape.

Final Thoughts: Cardano and JetBolt–Can They Dominate an Altseason?

Cardano and JetBolt are igniting excitement as the altseason heats up, offering bold innovations that could redefine the crypto landscape. While Cardano eyes institutional use cases with a rumored federal blockchain initiative to break $5, JetBolt takes center stage with its presale momentum and zero-gas revolution. With these projects sparking bullish interest, the coming months promise to reveal which will dominate the altcoin narrative.

XRP has been recording high network activity for the last few weeks as its Futures Open Interest reached a new peak at $3.91 billion.

Since XRP’s price is currently rallying, analysts are expecting the bullish momentum to continue towards the $4.40 resistance.

Meanwhile, traders are also showing interest in Lunex Network’s low cap altcoin which is already poised for 1,800% gains by early 2025. Since Lunex Network is reshaping the DeFi trading experience, analysts are expecting this new platform to become the leading exchange by 2025.

XRP Records Massive Network Activity with Futures Open Interest Hitting New Peak

XRP recently reached a historic milestone with its Futures Open Interest hitting a record $3.91 billion. This surge in trading activity reflects a strong community engagement as both retail and institutional traders are showing increased interest in XRP.

Since XRP has recently launched its stablecoin RLUSD and is seeing increased adoption in cross-border payments, analysts are expecting more network activity for XRP in the next few weeks. XRP’s derivatives market is already booming with activity as its trading volume has surged by an impressive 289% to hit the $60 billion milestone. XRP’s Options trading has also reached $400,100 with its open interest climbing to $992,330.

XRP’s price is currently at $2.44 after an impressive 27.40% intraday surge. Since XRP’s long/short ratio still stands at 0.9932 which suggests a nearly balanced sentiment. If XRP can maintain its current momentum, XRP’s price could test the $4.4008 upper resistance before the end of Q4.

Lunex Network (LNEX) Reshapes Cross Chain Trading with New DeFi Exchange

Lunex Network is poised for even bigger gains than XRP in 2025 because of its unique cross chain interoperability features. On traditional trading platforms, users have to undergo lengthy processes and connect third-party wallets to transfer tokens across different chains. By resolving this problem, Lunex Network is attracting a range of retail and institutional investors.

Lunex Network is also distinguishing itself from other exchange platforms by focusing on user security and privacy. Since Lunex Network has no KYC checks upon signup, users can enjoy a fully anonymous trading experience. If users opt for the specialized subscription service Lunex Pro, then traders can enjoy additional benefits such as cashback and anti-money laundering checks on their wallet addresses.

To make things even better, Lunex Network also simplifies the trading process for novice traders with its Portfolio Tracker and DeFi Wallet. As users can store all of their digital assets on Lunex Network, they can view updated statistics and charts to track their trading progress over time. These statistics can also help users make better trading decisions and increase their gains over time.

Since Lunex Network is already committed to increasing its adoption across the crypto and real world markets, analysts are projecting up to 1800% gains for LNEX holders by early 2025. Lunex Network’s native LNEX token is currently priced at $0.0033 after a massive 175% jump from its initial price of $0.0012. Since analysts are already expecting another demand induced price jump within the next few days, now is the ideal time to invest in Lunex Network during Q4’s bull market before the token skyrockets in 2025.

You can find more information about Lunex (LNEX) Network here:

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

SOL hit a new ATH of $263.83 earlier in November, a 302.64% yearly increase. When SOL struggled to break above $25 last year, hopes for the network’s future were low. However, now, technical indicators are bullish, and buying pressure could push SOL to $330 by January 2025. The rapid growth of Solana’s dApp market is a major factor in SOL’s price action.

Meanwhile, the Layer-2 project PlutoChain (PLUTO) aims to expand Bitcoin’s applications. The biggest cryptocurrency’s role is currently limited to a reserve asset and means of payment. PlutoChain might change how we use BTC and promote its ecosystem’ development.

Can SOL Hit $700 in 2025?

Solana gained popularity as a platform for dApps and new token launches due to its scalability and thriving developer community. 

The Total Value Locked (TVL) of DeFi applications on Solana reached $6 billion in October. Within the last month, the TVL grew by 49.71% and hit $9.196 billion. This makes Solana the second-largest blockchain by TVL, only outperformed by Ethereum with a $70.151 billion TVL. 

Interestingly, the number of wallets holding SOL is significantly higher than that of ETH, BSC, and BTC holders combined.  

Solana’s main competitor, Ethereum, saw moderate growth of 81.75% this year, mainly due to its high gas fees and slow transactions. If Solana continues to attract developers, it could soon outperform Ethereum in TVL. 

All of SOL’s technical indicators show a strong uptrend, both in the short and long term. Although SOL has pulled back to $244.07 after hitting its new ATH, it may soon spike again as investors see the correction as a buying opportunity. 

In a favorable outcome, SOL could reach $330 in January and $700 by the end of 2025. This scenario is plausible given that it’s only a 112% yearly growth – three times lower than in 2024.

PlutoChain Drives Bitcoin Innovation 

Bitcoin’s TVL is two times lower than Solana’s, even though BTC’s $1.9 trillion market cap is over 16 times higher than SOL’s. 

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The reason is simple – BTC is primarily used as a store of value, while SOL is the native token of a mature ecosystem. The new Layer-2 project PlutoChain aims to stimulate the network’s growth and expand BTC’s use cases. 

PlutoChain introduces smart contracts on Bitcoin, which allow for the development of complex DeFi, NFT, and gaming apps. 

Additionally, PlutoChain’s cross-chain bridge helps port Ethereum-based apps to Bitcoin. Bitcoin already has a large and established user base. By bridging dApps to Bitcoin, developers can tap into this user base and boost the adoption of their applications.

PlutoChain recognizes the importance of security for Layer-2 solutions, so it passed an audit by SolidProof that found no vulnerabilities in its code. 

PLUTO Holders Shape the Project’s Future  

PlutoChain is still in its early stages, so its long-term potential largely depends on community sentiment. A transparent, community-driven governance model could help PlutoChain gain traction. 

All $PLUTO holders are entitled to vote on key development proposals and influence the project’s direction. This ensures that PlutoChain’s vision and updates always align with the interests of its early supporters. 

Those wishing to become part of Bitcoin’s future can now secure $PLUTO tokens at a lower entry price of $0.10619. The price will increase as the presale progresses to next stages. 

Final Words

While Solana experiences explosive growth due to its dApp ecosystem, solutions like PlutoChain could stimulate innovation on the Bitcoin network. A higher TVL can potentially make Bitcoin more secure due to increased mining activity, enhance liquidity, and strengthen BTC’s position as the leading cryptocurrency. 

Visit the links below to learn more about PlutoChain and its unique features:

Official Website: https://plutochain.io

X/Twitter Page: https://x.com/plutochain/ 

Telegram Channel: https://t.me/PlutoChainAnnouncements/ 

This article is not financial advice. Past results are not indicative of future returns, and the crypto market is inherently unpredictable. Readers must conduct their own thorough research before purchasing any crypto coin or token. These forward-looking statements are subject to risks and may remain unchanged.

Bitcoin price today: $92,400

• Bitcoin drops below $93,000 on Tuesday after declining almost 5% the previous day.
• CryptoQuant data shows leverage overheating as open interest and leverage ratios hit annual highs, with short-term holders taking profits.
• On-chain data shows $150 million in Bitcoin liquidations and $435 million outflows from spot ETFs, highlighting shifting market sentiment.
• The technical outlook shows a bearish divergence in RSI, signaling weakness in bullish momentum.

Bitcoin (BTC) continues to trade in the red, dropping below $93,000 on Tuesday after declining almost 5% the previous day. CryptoQuant data shows that the recent price pullback is due to leverage overheating conditions and holders’ booking profits in BTC, resulting in $150 million in Bitcoin liquidations in the last 24 hours and $435 million in spot BTC Exchange Traded Funds (ETF) outflows on Monday.

The technical outlook further supports the price correction, as the Relative Strength Index (RSI) shows a bearish divergence.

Bitcoin price dips below $93,000

Bitcoin price faces a pullback after it failed to reach its $100,000 milestone on Friday and declined nearly 6%, reaching a low of $92,600 on Monday. This price correction triggered a wave of liquidations across the crypto market, resulting in $520 million in total liquidations in the last 24 hours, almost $150 million specifically in BTC, according to data from CoinGlass.

Bitcoin Liquidations chart. Source: Coinglass

CryptoQuant data provides a clearer picture of the recent pullback. This correction occurred due to leverage overheating, as open interest and estimated leverage ratio reached annual highs. Therefore, a 10-20% correction can be seen as a natural phenomenon.

Bitcoin Estimated Leverage Ratio Source: CryptoQuant

As mentioned in the previous article on Monday, short-term holders are realizing profits. The  Short-Term Spent Output Profit Ratio (SOPR) indicator measures profits realized on coins held for more than 1 hour but less than 155 days. For this analysis, short-term investors hold Bitcoin for less than 155 days. 

Historically, when using a 30-day moving average to the Short-Term SOPR, it has been observed that during bullish trends, the metric tends to reach around 1.02 before profit-taking occurs. Each time this level has been reached, Bitcoin’s price has experienced a pullback or correction.

On Tuesday, the metric read 1.01, suggesting that Bitcoin’s price could continue its ongoing short-term correction.

Bitcoin Short-term Holders chart.  Source: CryptoQuant

The recent retracement could be clearly seen as institutional demand fell on Monday. According to Coinglass ETF data, US spot Bitcoin ETFs experienced an outflow of $435.30 million on Monday, breaking the streak of inflows since November 18. If this outflow trend persists or accelerates, it could further extend the ongoing decline in Bitcoin price.

Total Bitcoin Spot ETF Net Inflow chart. Source: Coinglass

In an exclusive interview on Friday, Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, told FXStreet, “You can certainly argue when something goes up 30%, you can have pullbacks because markets can get a little bit ahead of themselves (…) The ETFs are kind of buying on any dip, so that should help cushion any sell-offs.”

From an on-chain perspective, cycle metrics such as Market Value Realised Value (MVRV), Net Unrealized Profit and Loss (NUPL), and Puell Multiple still indicate that Bitcoin is in a bull market with upward potential. 

Bitcoin MVRV Ratio chart. Source: CryptoQuant

Bitcoin Price Forecast: RSI shows bearish divergence

Bitcoin price rallied more than 40% in the last three weeks, hitting a new all-time high (ATH) of $99,588 on Friday. The failure to reach above the $100,000 mark led to a nearly 6% price pullback, falling to a low of $92,700 on Monday. At the time of writing on Tuesday, BTC continues to decline and trades around $92,380.

If BTC’s pullback continues, it could extend the decline to retest its important psychological level of $90,000. A successful close below this level would extend the additional decline to test its next support level at $85,000.

Moreover, the Relative Strength Index (RSI) indicator supports this price pullback in the daily chart. The higher high in BTC’s price formed on Friday does not reflect the RSI lower high for the same period. This development is termed a bearish divergence, often leading to a trend reversal or short-term crash.

BTC/USDT daily chart

However, if BTC finds support around the $90,000 level and recovers, it could rally to reach its ATH level of $99,588.

Dogecoin (DOGE) price has seen a retracement in the last 24 hours after failing to breach the resistance at the intra-day high of $0.4602. However, during the dip, Dogecoin whales have transferred over $100 million worth of DOGE, signaling significant market interest in the asset. Simultaneously, analysts anticipate that DOGE could potentially experience a 400% price surge in light of the heightened market interest amid a highly bullish Q4 market.

Whale Transactions Indicate Increased Market Activity

Recent reports reveal that two large transactions have taken place involving Dogecoin, involving over 249 million DOGE worth around $102 million. The first transaction saw 131 million DOGE transferred from an unknown wallet to Coinbase, while the second involved 117 million DOGE moved from Binance to an undisclosed wallet.

These large transfers could suggest that whales are positioning themselves for a possible price move, while also indicating heightened market interest.

The increased activity by major holders often signals potential price shifts. As DOGE trades above $0.40, many market participants are closely watching these large transfers, which may precede a breakout or retracement in price. In particular, the recent surge in derivatives trading volume by 77% suggests a rise in demand for Dogecoin, potentially setting the stage for the next big move.

Analyst Predicts 400% Dogecoin Price Surge

Market analyst Javon Marks has speculated that Dogecoin’s price could rise by 400% based on historical trends and Fibonacci extension levels. According to Marks, the meme coin is in its third bull cycle, following similar patterns from previous cycles in 2017 and 2021. The analyst believes that DOGE price could target the 1.618 Fibonacci extension, which currently sits at $2.28, up from its current price of around $0.42.

In his analysis, Marks points out that during the previous bull cycles, Dogecoin surged from its market bottom to the 1.618 Fibonacci extension level. In 2017, DOGE rose from $0.00009 to a peak of $0.8750, while in 2021, the asset moved from $0.00168 to its current all-time high of $0.73995.

Marks anticipates that a similar trend could unfold this time, with DOGE rising from its current cycle bottom at $0.06004 to $2.28. This represents a potential upside of 457% from the current price.

DOGE Bullish Pennant Formation Signal Breakout

Technical indicators are also signaling a bullish outlook for Dogecoin. The chart pattern currently forming suggests a Bullish Pennant, a continuation formation that typically precedes an upward breakout. After a strong price increase, DOGE has entered a consolidation phase, where it is currently trading near the $0.42 level. This consolidation may indicate a cooling-off period before the price makes another significant move.

The breakout from this pattern could propel Dogecoin to higher levels. If the price clears key resistance at $0.45 and $0.50, it could test the projected target level of $0.65. This would align with the bullish structure observed in previous cycles, where DOGE experienced substantial upward movements following similar consolidations.

As Dogecoin continues to consolidate, traders and analysts are keeping an eye on key support and resistance levels. The immediate support for DOGE lies at $0.40, where the price has recently stabilized. If this level holds, DOGE may be able to push through the next resistance at $0.45.

A breakout above this level could pave the way for further gains, potentially bringing DOGE closer to the $0.50 mark amid Dogecoin ETF anticipation. On the other hand, if the price fails to hold above $0.40, there could be a pullback to lower support levels at $0.35.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.