Amid market volatility, Dogecoin (DOGE) managed a 3.7% increase over the last seven days, fueled by resurfacing speculation that Elon Musk’s X platform would soon accept DOGE for payments. Anticipating potential approval of its spot ETFs this year and with billionaire Musk’s backing, could DOGE ride the wave to reach $2?
Meanwhile, the fast-rising altcoin JetBolt (JBOLT) is incredibly getting more popular, impressively marking a milestone of 320 million tokens sold in presale. JetBolt keeps reeling in crypto whales, mesmerized by its suite of groundbreaking features like zero-gas technology and an intuitive Web3 wallet.
Can Dogecoin’s road to hitting $2 be easier with the influence of Elon Musk? Or could JetBolt steal the spotlight with its phenomenally growing presale? Keep reading to find out.
Could DOGE Hit $2 with Elon Musk Behind?
Payment platform giant Visa formed a partnership with Elon Musk’s X Money at the end of last month. Although neither Visa nor Musk mentioned any plans about enabling crypto payment, many speculated that it may only be a matter of time before users of the X platform (formerly Twitter) could transfer cryptocurrency directly through the social media network.
The prevailing view arises from Musk’s history with crypto and his close association with President Donald Trump, who has been filling his administration with pro-crypto officials while also backing his own crypto initiatives, such as the DeFi platform World Liberty Financial.
Moreover, this has sparked speculation about Dogecoin being integrated into the X platform. After all, Musk has been a vocal advocate of DOGE since 2021, and his continued association with the meme coin has earned him the moniker “Dogefather”. Companies SpaceX and Tesla, both owned by Musk, have already been accepting Dogecoin payments.
Interestingly, previous remarks from Elon Musk have triggered price spikes for the cryptocurrency. But DOGE has experienced significant price volatility lately, priced as of writing at $0.2617 and struggling to maintain stability above the $0.27 level. In the past seven days, Dogecoin’s price managed to breach the $0.265 mark only once but failed to gain momentum to sustain this upward movement.
Dogecoin’s 7-day price chart reflecting its struggle to breach $0.265 courtesy of CoinGecko
Musk, who has stated that he owns an undisclosed amount of Dogecoin, expressed in 2021 his belief that Dogecoin has the potential to become a major online currency due to its user-friendliness and efficiency. He even suggested that DOGE could serve as the official currency on Mars if SpaceX successfully establishes a permanent human colony there. But even with such grand visions, it seems that Dogecoin’s target to hit $2 may take more time to achieve.
Why are Crypto Whales Lured to the Next-Gen Altcoin Star JetBolt?
As Dogecoin continues to grow its meme influence, JetBolt (JBOLT) also continues to lure crypto whales to its fast-selling presale, which has so far sold over 320 million tokens. Whales and crypto buyers can’t seem to strike JetBolt out of their radar, seeing the plethora of cutting-edge features this young altcoin brings to the table.
JetBolt kicks things off with its groundbreaking zero-gas technology, a game-changer that frees blockchain users from the hassle of unpredictable gas fees. Powered by Skale Network, zero-gas tech could serve as a launchpad for a variety of dApps, SocialFi, and other Web3 projects, allowing developers to focus on creativity without the stress of high gas costs.
Featuring an interactive staking model, JetBolt enhances user engagement through social rewards—allowing users to earn bonus tokens for connecting with others while simultaneously staking their JetBolt tokens. Additionally, JetBolt’s AI-driven tool, which displays snippets of crypto news and trending stories, highlights an exciting way AI technology can get when incorporated into blockchain.
As if it’s not enough, JetBolt has also lined up attractive presale perks for early participants, especially the Alpha Box bundles, which give up to 25% more JBOLT tokens on batch purchases.
JetBolt’s presale has astonishingly surpassed 320 million tokens sold since its launch—a testament to its increasing market appeal. With a suite of game-changing Web3 features, JetBolt’s entry into the blockchain space could not be any less remarkable.
Final Thoughts: Dogecoin’s Road to $2 Could Be Made Easier with Elon Musk as JetBolt Lures Crypto Whales
Dogecoin’s path to reaching $2 appears unclear at the moment, despite the backing of the highly influential Elon Musk and the potential approval of spot DOGE ETFs. Musk’s relentless endorsements of Dogecoin have historically propelled the meme token to price highs. With the possible integration of Dogecoin into the X platform, DOGE’s price may likely experience a boost, albeit it remains uncertain as to how significant that increase might be.
Meanwhile, JetBolt is crafting a different narrative—shaking up the altcoin space with an exciting presale that has astonishingly reached over 320 million tokens sold. Boasting zero-gas transactions and Web3 utilities that deliver real-world benefits, JetBolt is certainly not just another project or fancy meme coin, but an exciting innovative altcoin to contend with.
Curious about JetBolt? For more details on JetBolt and its presale activity, visit its official website today.
Kindly note that this piece does not offer any financial or crypto trading advice. With the market’s inherent volatility, all cryptocurrencies carry substantial risks. Always approach the market with a thoughtful strategy, conduct personal research and/or consult experts before making any crypto-related decisions.
