Ethereum Price Prediction: Can ETH Smash $5,000 In New Year As JetBolt Skyrockets
December 23, 2024
As the crypto world ushers into the new year, all eyes are on Ethereum’s price action, whether ETH could smash $5,000 amid recent market downturn sparked by the Fed’s rate cut. Meanwhile, a new player JetBolt (JBOLT) has burst into the crypto scene with zero-gas technology and other innovative Web3 features, driving its presale success to surge over 200 million tokens sold since its launch.
Could Ethereum hit $5,000 in 2025 as JetBolt’s presale skyrockets? What could fuel Ethereum to reach its new year target? As the blockchain world braces for the coming year, let’s explore the unfolding sentiments surrounding Ethereum’s trajectory alongside JetBolt’s ascent.
Ethereum: Could ETH smash $5,000 in 2025?
Earlier in the year, Ethereum (ETH) posted a 47% growth. Driven by the SEC’s approval of Ethereum spot ETFs in May, institutional investors increased and ETH’s price climbed by 24.7%.
But then, Ethereum experienced a significant drop following the U.S. Federal rate cut that led to a market-wide slump. Ethereum dropped to below $3,100 for the first time in 29 days, marking a shift from its best performance in December, when it reached a yearly-high of $4,106 on December 16th. However, Ethereum’s all-time high of $4,877, achieved in 2021, still remains unbroken.
Ethereum’s price slightly dipped again in the last 24 hours, settling at its current price of $3,300.74. Despite these fluctuations, ETH continues to hold its ground, maintaining a strong presence in the DeFi space, with a Total Value Locked (TVL) of nearly $67 billion. As per data from DeFiLlama, Ethereum accounts for over 55% of the cumulative market TVL.
Ethereum’s Price chart courtesy of Trading View
As indicated also by the Fear and Greed index at 57 (signaling greed), the market sentiment suggests that investors view the recent dip of Ethereum’s price as a buying opportunity rather than a go signal for panic selling.
According to the 3-day ETH/USD chart, the Accumulation/Distribution (A/D) line has shown a consistent upward trajectory, indicating a growing interest from investors. Some analysts suggest that there’s still a pathway for Ethereum to achieve new highs in 2025. If Ethereum could break through the $3,982 resistance level, it could rally to $4,110 or a high of $4,500. With support levels and over-all positive market sentiment, ETH may eventually smash $5,000 in the long term.
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JetBolt: Skyrocketing its way into 2025 with zero-gas technology and other Web3 utilities
While Ethereum navigates through a labyrinth of ups and downs, the young altcoin JetBolt (JBOLT) continues to gain traction, posting an impressive presale success of over 200 million tokens sold since launch. Offering cutting-edge technology and tangible benefits, JetBolt’s rapid ascent highlights its growing appeal as a utility-based project to keep an eye on in 2025.
Built on the Skale Network, JetBolt eliminates gas fees with its breakthrough zero-gas technology. This innovative feature enables both everyday users and developers to make multiple blockchain transactions without the financial worry about hefty gas costs.
JetBolt’s integrated Web3 wallet is designed for token self-custody, and makes entry for users simple, utilizing advanced features like WebAuthN and facial recognition. In addition, JetBolt offers lightning-fast transactions and instant finality as well as an AI-driven aggregation tool that delivers crypto news and market developments in the vast digital world.
There are also exciting presale incentives that await early buyers, including daily price increases and special offers that grant up to 25% more tokens when they avail of the Alpha Boxes or JBOLT token bundle deals.
With its unique blend of futuristic vision, technology-powered features and real-world usability, JetBolt is marking a special place in the crypto space, presenting itself as one of the next-gen altcoins for 2025, alongside key market players such as Ethereum.
Summary: Could ETH Smash $5,000 In New Year As JetBolt Skyrockets?
Ethereum’s dream of smashing $5,000 in 2025 hinges on a few factors, including continued institutional adoption and general market sentiment, which are often influenced by macro economic conditions and regulatory developments. Meanwhile, the newcomer JetBolt, stands out with its zero-gas innovation and other Web3 utilities that provide practical solutions for blockchain users. As a utility-driven project, JetBolt could pave the way to revolutionize the crypto market alongside established assets like Ethereum as the market enters the next chapter of the crypto space in 2025.
Learn more about JetBolt’s distinct features and presale activities on its official website and X/Twitter account.
This article is not financial or trading advice. All cryptocurrencies are risky and volatile by nature so it’s best to do some personal research before making any crypto-related decisions.
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