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Cryptocurrency

Top 10 Cryptos for Bull Run: Bitcoin, JetBolt & More

2024-11-26

In the ever-evolving world of cryptocurrencies, several names have been making waves. Kaspa, Bitcoin, Solana, Ethereum, SUI, Cardano, Toncoin, WIF, Polkadot, and the highly anticipated JetBolt (JBOLT) are all vying for attention. While some established players like Bitcoin, Solana, and Ethereum are showing remarkable price surges, others such as SUI, Toncoin, and more are experiencing significant growth that is turning heads. Among them, JetBolt's innovative features and its ongoing presale, where an astonishing 100 million tokens are being sold, have captured the interest of crypto enthusiasts. But what makes these coins the top choices for investment? And what is driving the JetBolt presale frenzy? Let's delve deep and explore the answers as we analyze these top 10 cryptocurrencies.

Uncover the Best Cryptos for the Bull Run with JetBolt at the Forefront

JetBolt (JBOLT): The Rising Star with Zero-Gas Technology

JetBolt is a young altcoin that has made a significant impact since its presale began. It has sold over 100 million tokens, attracting the attention of crypto whales. One of its standout features is the revolutionary zero-gas technology. By leveraging the power of the Skale network, JetBolt enables crypto users to make transactions without the hefty gas fees that often burden other blockchain platforms. This innovation opens up new possibilities for seamless and cost-effective transactions.Moreover, JetBolt offers effortless crypto staking. Stakers not only hold tokens but also gain bonuses by connecting and engaging with friends on the platform. During its presale, JetBolt has captured the interest of early buyers who flock to it for exclusive perks. By purchasing JBOLT tokens in batches or Alpha Boxes, they can get up to 25% additional tokens. This has created a buzz around JetBolt and added to its allure.

Kaspa (KAS): Fast Transactions and Scalability through DAG Protocol

Kaspa is a proof-of-work (PoW) cryptocurrency that has gained popularity due to its unique DAG protocol. This protocol gives Kaspa the ability to offer fast transactions and scalability. After its recent listing on the major exchange Kraken, Kaspa reached $0.17 but has since dipped to its current price of $0.15. Despite the price fluctuation, Kaspa's technological prowess remains intact, making it a notable cryptocurrency to consider.

Bitcoin (BTC): The King of Cryptocurrency

Referred to as "digital gold," Bitcoin is the first and largest cryptocurrency by market capitalization. During this month's bullish runs, Bitcoin has managed to break through its previous highs. The latest all-time high (ATH) was recorded at $99,645 on November 22, 2024, and as of now, it is trading at approximately $94,302. Bitcoin's stability and widespread recognition make it a staple in the cryptocurrency market.

Solana (SOL): Fast and Affordable Transactions with a Home for Meme Coins

Solana is renowned for its fast and affordable transactions. It has become a "home" to many popular and emerging meme coins in the crypto space. The network activity of Solana continues to surge, with the latest reports indicating a $109 billion record high in DEX trading volume this November. At the time of writing, SOL is trading at $236.87, highlighting its strong position in the market.

Ethereum (ETH): The Second-Largest Cryptocurrency

Ethereum is the second-largest cryptocurrency by market capitalization, trailing only Bitcoin. Bitcoin has a market capitalization of $1.8 trillion, while Ethereum commands a market cap of $412.7 billion. As of now, ETH is valued at $3,427. Ethereum's smart contract platform and continuous development efforts contribute to its significance in the crypto ecosystem.

Sui (SUI): A Layer-1 Blockchain Platform with Liquid Bitcoin Staking

Sui is a Layer-1 blockchain platform where the native token SUI is used for value exchange and transaction fees. In a recent development, Sui announced that it will bring liquid Bitcoin staking to its network in December. This move is expected to enhance its functionality and attract more users. At the press time, SUI is priced at $3.22.

Cardano (ADA): A Smart Contract Platform with Essential Upgrades

Cardano is a smart contract platform created by Ethereum co-founder Charles Hoskinson. It is focused on growth with essential upgrades like the Hydra Doom testnet update, which aims to enhance its transaction capacity. According to data from CoinMarketCap, ADA is trading at $0.9744.

Toncoin (TON): The Native Cryptocurrency with Versatile Uses

Toncoin is the native cryptocurrency of the TON blockchain and is used for various purposes such as transactions and gaming. On November 23, 2024, TON's price reached $6.6, which is the highest it has seen in the past 90 days. Currently, TON is trading at $6.22, showing its potential and market activity.

Dogwifhat (WIF): The Fun Crypto with a Unique Twist

Like other popular dog meme coins, Dogwifhat is inspired by the Shiba Inu dog but with a cute pink knitted hat. Recently, Robinhood added Dogwifhat to its crypto trading options, causing its price to spike to $3.65 before dropping to its current price of $3.36. This shows the impact of such announcements on the crypto market.

Polkadot (DOT): A Blockchain Network of Networks

Polkadot is a "blockchain network of networks" with DOT as its native token. DOT is trading at $8.34 and has shown a significant surge of 39.9% over the past week. This rally was triggered by the announcement of a new mobile game called "FIFA Rivals" that will run on the Polkadot network, highlighting its potential for growth and innovation.FAQs:Which coins are best for the bull run?Based on the latest blockchain developments, the best cryptocurrencies to buy for the bull run include:KaspaBitcoinSolanaJetBoltEthereumSuiCardanoToncoinDogwifhatPolkadotWhich coins will explode in 2024?Some of the trending cryptocurrencies today include Kaspa, Bitcoin, Solana, Ethereum, SUI, Cardano, Toncoin, WIF, Polkadot, and JetBolt. Each of these coins offers unique features that have helped them gain traction and witness historic price climbs. JetBolt, in particular, has burst onto the scene, selling over 100 million tokens since its presale began.While it's impossible to predict with certainty which specific coins will explode due to market volatility, these cryptocurrencies are definitely ones to keep an eye on in 2024.This article explored the best crypto to invest now, presenting a list of emerging and established tokens like Bitcoin, Solana, Ethereum, Cardano, the new altcoin JetBolt, and more. Each cryptocurrency showcases innovative features and has witnessed notable developments recently, making them the top 10 cryptocurrencies to buy for the bull run. Market newcomer JetBolt is particularly noteworthy with its groundbreaking zero-gas technology and a rapidly expanding presale.To learn more about JetBolt and its ongoing presale, visit the official JetBolt website today.Please note that this article does not provide financial advice. Always exercise caution and conduct thorough research before investing in any cryptocurrency. All crypto assets are inherently risky and can be highly volatile.This is a sponsored article. The opinions expressed are solely those of the sponsor, and readers should conduct their own due diligence before taking any action based on the information presented.

In a remarkable turn of events, the Public Utility Commission of Texas (PUCT) has taken a decisive step to bring order to the burgeoning cryptocurrency mining industry. This move is aimed at safeguarding the reliability of Texas's power grid, which has been facing significant challenges due to the rapid growth of energy-intensive crypto mining operations. Popular cryptocurrencies like Bitcoin, whose value has been on an upward trajectory lately, have been driving this surge in demand.

PUCT's New Rule Ensures Grid Reliability for Texans

New Rule for Large-Scale Crypto Mining Facilities

The PUCT has adopted a new rule that requires large-scale crypto mining facilities to register with state authorities. This decision, made on Thursday, is a crucial step in managing the power grid effectively. Effective immediately, facilities connected to the ERCOT grid and consuming more than 75 megawatts of power must register. They are required to disclose essential information such as their location, ownership structure, anticipated peak electricity demand for the next five years, and actual power consumption from the previous year. Existing facilities have until February 1 to comply and must renew their registration annually. Failure to register can lead to penalties of up to $25,000 per violation per day. This rule was mandated by Senate Bill 1929 passed in 2023 to address the challenges posed by the crypto mining industry's substantial energy consumption. By registering, ERCOT can better manage the grid and ensure reliable power supply for all Texans.Cryptocurrency mining operations are classified as "large flexible loads" by state regulators. Their ability to adjust power consumption rapidly gives them the flexibility to reduce energy use during peak demand periods, potentially aiding grid stability. However, their overall energy consumption is substantial. As of July, ERCOT estimated that crypto mining facilities could use up to 2,600 MW of power, equivalent to the electricity consumption of the entire city of Austin. Additionally, new facilities expected to consume another 2,600 MW have been approved, and more are likely to come. The influx of crypto miners, along with increasing demand from other sectors like data centers, hydrogen production facilities, and the electrification of oil and gas operations, has led ERCOT to predict that electricity demand in Texas could nearly double within six years.The grid operator anticipates that demand could reach around 150 gigawatts by 2030, up from a record peak of 85 GW last year during the state's hottest summer on record. "To ensure the ERCOT grid is reliable and meets the electricity needs of all Texans, the PUCT and ERCOT need to know the location and power needs of virtual currency miners," said PUCT chairman Thomas Gleeson.While the new regulations aim to enhance grid reliability, they have sparked concerns within the crypto mining community about the confidentiality of proprietary and commercially sensitive information. Miners have requested that the registration data be marked as confidential to protect their competitive advantage. However, the commission declined to make this change, stating that the information will be collected through an internal-facing online tool that will not be publicly accessible. "Furthermore, the majority of the information being collected is already publicly available in various locations," the commission stated in its order. "Neither the commission nor ERCOT will disclose competitively sensitive or proprietary information unless legally required to do so."The Texas Blockchain Council has expressed gratitude for the commission's approach. "The information that the PUC is requesting is appropriate and far less invasive than what the Federal Government attempted earlier this year," said Lee Bratcher, president of the Texas Blockchain Council, in an email to Utility Dive.Texas's new rule comes at a time when there is a broader national conversation about the regulation of cryptocurrency mining. Several states, including Montana, Mississippi, Oklahoma, and Arkansas, have passed "Right-to-Mine" laws to protect the rights of crypto miners and prohibit discriminatory regulations and predatory practices.

Bitcoin, the leading cryptocurrency, has been on a wild ride. After surging past $98,000 last week, it saw a significant reversal on Tuesday afternoon. The price fell back to $91,000 as the market digested the impact of Donald Trump's election win. This setback has temporarily dashed hopes of Bitcoin hitting the $100,000 mark this week. (Photo: Chesnot (Getty Images))

Bitcoin's Impact on Other Digital Assets

When Bitcoin sinks, other popular digital assets tend to follow suit. Over the last day, Ethereum, the second-largest coin by market capitalization, was down 5%, to $3,300. Solana fell more than 9%, and Elon Musk's preferred Dogecoin shed almost 12% in value. This shows how interconnected the crypto market is and how Bitcoin's movements can ripple through the entire ecosystem.The wider crypto market has also taken a hit, sinking 6.25% in the past day for a $3.16 trillion market cap. Bitcoin has driven much of that, alone having a market value of about $1.8 trillion. It makes Bitcoin the world's eighth-largest asset, pulling ahead of silver with a $1.7 trillion market cap. However, it still falls well short of gold, which is valued at $17 trillion.

Bitcoin's Rally and ETFs Options

Bitcoin has been on a remarkable rally since Trump, who positioned himself as the "crypto candidate," won a second term in the White House earlier this month. It has gained almost 35% in value since the election. This ascent was accelerated by the debut of Bitcoin ETFs (exchange-traded funds) options last week. These options have bridged the gap between the decentralized world of digital assets and traditional finance. They offer institutional investors a more familiar and regulated way to access Bitcoin, driving further adoption and liquidity in the market.

Volatility and the $100,000 Milestone

Despite broader acceptance by more traditional investors, the crypto market remains volatile. It can rise rapidly but retreat just as quickly. This may explain why Bitcoin has shied away from the long-awaited $100,000 milestone after getting so close last week. The market is still uncertain and prone to sudden shifts in sentiment. Investors need to be cautious and understand the risks associated with investing in cryptocurrencies.Bitcoin's journey is a testament to the volatility and potential of the digital asset market. While it has shown remarkable growth, it also faces significant challenges and uncertainties. As the market continues to evolve, it will be interesting to see how Bitcoin and other cryptocurrencies fare in the future.