Community-driven decentralized finance (DeFi) platform Jellyverse , based on the Sei Network (SEI), is introducing its own synthetic assets protocol called jAssets. In an announcement dated January 21, it was revealed that jAssets will enable users to create their own synthetic asset tokens, which will closely mirror the value of real-world assets. These tokens will be linked to traditional assets such as stocks, commodities, and precious metals. Jellyverse decided to proceed with this new feature after a proposal received a favorable response in a vote held by the protocol`s decentralized autonomous organization (DAO). By locking up cryptocurrency as collateral, users can mint jAssets, allowing for a diversified on-chain portfolio. Benedikt Keck, a co-founder at Jellyverse`s developer Blkswn, stated that the new product will enable “portfolio diversification in DeFi by providing a variety of innovative investment strategies, including long, short, and leveraged positions.” The protocol will also support multi-collateral troves, accepting “wETH, wBTC, JLY, SEI, USDC, USDT, FRAX, or GEM, or a mix of these assets as collateral,” he noted. To secure the value of synthetic assets and protect the protocol from asset loss, Jellyverse utilizes decentralized oracles and over-collateralization, ensuring that the collateral exceeds the value of synthetic assets. These oracles are based on the Pyth Network (PYTH). A blockchain oracle is a service that supplies external, real-world data to a blockchain, permitting smart contracts to operate based on this information. Typically, smart contracts within the DeFi sector cannot directly access data from outside the blockchain. Oracles act as a conduit, delivering current data—such as real-world asset pricing—to the blockchain. However, they can also be a single point of failure in a decentralized system, which is why significant efforts have been directed towards creating decentralized oracles like Chainlink (LINK) and Pyth Network. Jellyverse operates on the Sei Network, a layer one blockchain equipped with parallel Ethereum Virtual Machine (EVM) execution. This setup allows smart contracts, crucial to the DeFi ecosystem, to execute faster, facilitating quicker trades. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
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In recent trading sessions, while many cryptocurrencies have seen a resurgence, Shiba Inu (SHIB) stands out as a notable exception with a decline in value. Despite the overall positive trend Bitzo
Solana Price Prediction: Can SOL Sustain Its Current Price As JetBolt Jumps Ahead
Solana (SOL) is currently trading at $256.55, with a staggering 35.57% gain over the past week. As Solana rides this bullish wave, market participants are questioning whether SOL can sustain its current price or if a correction is imminent. As Solana aims to solidify its position, JetBolt (JBOLT) jumps ahead with groundbreaking zero-gas technology. With its presale surpassing 200 million tokens sold, JetBolt is quickly emerging as a strong contender in the fast-evolving cryptocurrency market. Will Solana maintain its bullish momentum, or is a market pullback inevitable? And how will JetBolt’s zero-gas innovation reshape blockchain adoption? Let’s dive deeper into Solana’s price prospects and JetBolt’s unstoppable momentum. Solana Price Prediction: Can SOL Sustain Its Current Price? Solana is currently trading at $256.55, reflecting strong upward momentum with a 39.52% increase in price over the past 30 days. The question now is whether Solana can sustain this growth or if a correction is on the horizon. Recent market activity indicates solid buying interest, with Solana topping trading charts and attracting significant institutional attention. Large-scale transactions and increasing total value locked (TVL) suggest that confidence in Solana’s ecosystem remains high. The launch of high-profile tokens on the network has further fueled demand, positioning Solana as a top-performing blockchain in the current market cycle. Solana (SOL)’s buying activity data in 24 hours (as posted by @martypartymusic on X) Despite these positive indicators, technical analysis points to key resistance levels that could challenge further price appreciation. Solana’s recent surge past critical support levels is encouraging, but maintaining momentum above these thresholds will be crucial. Some analysts caution that if selling pressure increases, a retest of lower support levels could occur. Overall, Solana’s ability to sustain its current price will depend on continued demand, favorable market conditions, and its capacity to maintain dominance in decentralized finance, meme coin, and NFT sectors. The coming weeks will be pivotal in determining whether SOL can push to new highs or face a period of consolidation. JetBolt Jumps Ahead with Unstoppable Momentum While Solana pushes forward with impressive gains, another rising contender is making headlines in the crypto space— JetBolt (JBOLT). With its presale already surpassing over 200 million tokens sold, JetBolt is rapidly carving out its place as a next-generation altcoin featuring practical solutions that cater to both developers and users alike. JetBolt’s main draw is its use of zero-gas technology, which eliminates gas fees entirely. Built on the Skale network, this feature ensures cost-efficient blockchain interactions, allowing users to carry out on-chain transactions and actions without gas costs. As Solana continues to attract attention with its scalability, JetBolt is addressing a different pain point—accessibility—by lowering one of the major barriers that often deter new entrants to the blockchain space. In addition to its zero-gas framework, JetBolt’s SocialFi staking model is revolutionizing the way users engage. Beyond the usual staking rewards, JetBolt introduces an engaging way for users to boost their token earnings by combining staking with interacting with others on the platform. JetBolt’s presale success is also fueled by its exclusive Alpha Boxes , offering early purchasers up to 25% in extra tokens when purchasing in batches. JetBolt’s unique blend of high tech features, novel utility, and trending dynamism have contributed to the rapidly growing excitement around this next-generation newcomer As JetBolt jumps ahead with fresh momentum, crypto enthusiasts are seizing the opportunity to get in on the action ahead of JetBolt’s presale next 24-hour price increase. Can Solana Sustain Its Current Price As JetBolt Jumps Ahead? With the ongoing developments in Web3, altcoins like Solana and JetBolt demonstrate how blockchain innovation is expanding in multiple directions—one focusing on speed and network growth, the other on user accessibility and making gas a thing of the past. With momentum building and key milestones already achieved, JetBolt is positioning itself as a serious contender in the crypto race, displaying an ecosystem that combines cutting-edge technology with user-friendly solutions. Head over to the official JetBolt website today to discover what’s fueling the excitement around this up-and-comer. This piece should not be considered financial advice. Given the unpredictable nature of the cryptocurrency market, readers are encouraged to thoroughly research before making any acquisition choices. Remember, past success in the market does not assure future gains. 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 . Bitzo