Cardano Price Forecast: Will ADA Hit $4 with ETF Filing as JetBolt’s Presale Sells Millions

After the announcement of Grayscale filing for Cardano (ADA)’s exchange-traded funds (ETFs), ADA’s price jumped by 20% last week.

With this recent ETF news, ADA has become the subject of discussion in the crypto community. Market observers are now asking: could this key development push ADA to hit $4 in the near term?

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In a similar wave of altcoin excitement, the rising token, JetBolt (JBOLT) is generating headlines with its presale, selling millions of tokens since its debut. With its foundation on the Skale Network, JetBolt offers zero-gas technology that completely eliminates gas fees in blockchain transactions.

With Grayscale filing for Cardano’s ETF, could this catapult ADA to hit $4 soon? And what’s behind JetBolt’s buying frenzy, selling millions of tokens so far? Let’s find out.

Cardano Price Prediction: Can ADA Smash $4?

On February 10th, Grayscale, a leading digital asset management firm, reportedly filed for Cardano’s (ADA) exchange-traded funds (ETFs), which drove the coin’s price to spike by 20% last week. However, despite the optimism surrounding this key development, ADA is still down by 27.72% over the past month, trading at $0.7997 at the time of writing. This has left many wondering about ADA’s trajectory and whether the coin could reach $4 soon.

Chart illustrating Cardano (ADA)’s price declining in the last thirty days, according to CoinMarketCap. 

According to some less bullish market observers, Cardano smashing $4 is uncertain at the moment due to the market volatility and ADA’s neutral bullish sentiment. Based on its moving averages on a weekly timeframe, ADA’s 50-day MA is below the price and rising, suggesting potential acting support. Meanwhile, ADA’s 200-day MA has been rising since February 8, indicating a maintained trend.

Analysts suggest that upgrading technological developments and sustaining bullish trends could push ADA to reach $4. As of the moment, five developments are in progress under Cardano’s blockchain, including the Alonzo hard fork, Shelley upgrade, Praos Ouroboros, Voltaire governance structure, and the Basho upgrade. However, a drop in investors’ confidence and bearish trends could hinder ADA’s price from smashing $4.

JetBolt (JBOLT)’s Presale of Over 325 Million Tokens Sold: What’s Behind the Attraction with This Young Crypto?

While a $4 milestone screams ambitious for Cardano, the new altcoin JetBolt (JBOLT) is attracting whales like a magnet with its presale recording over 325 million tokens sold. This young token continues to generate buzz in the crypto community with its zero-gas tech blockchain solution. JetBolt’s zero-gas technology removes gas fees during blockchain transactions, thanks to its foundation on the Skale Network. 

Apart from gas-free transactions, JetBolt has an integrated Web3 wallet with cutting-edge capabilities such as facial recognition, WebAuthN, and self-custodial attributes, allowing for more seamless transactions. Not only that, JetBolt offers lightning-fast transactions and near-instant finality to ensure an uninterrupted user experience.

Moreover, JetBolt’s AI-aggregation tool is worthy to bring up in crypto discussions. This advanced tool displays snippets of blockchain news, crypto trending stories, and Web3 content, all categorized by bullish or bearish market sentiment. 

Meanwhile, early adopters can acquire up to 25% bonus tokens by purchasing JetBolt’s Alpha Box packages or batch token deals. On top of that, JetBolt’s token price also increases daily, giving initial adopters an edge by buying JBOLT tokens early.

Together with its zero-gas technology, a high-tech Web3 wallet, and an AI-news aggregation tool, JetBolt continues to captivate the attention of whales and buyers, with its presale selling millions of tokens and still climbing.

Quick Recap: Will ADA Hit $4 with ETF Filing as JetBolt’s Presale Sells Millions

As the crypto community anticipates Cardano’s ETF approval, analysts suggest it may still not be enough to propel ADA to hit $4 at the moment. Meanwhile, the new altcoin JetBolt (JBOLT) is smashing altcoin headlines with its presale that has already sold millions of tokens. Boasting its zero-gas technology, a Web3 wallet, and an AI-news aggregation tool, JetBolt appears to be one of the next-gen altcoins to look out for this year.

Know more about JetBolt by visiting its official website and X page today.

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Alexander Stefanov