Can Ethereum reach $4000 as ETH Mekong Testnet announced while JetBolt altcoin rally intensifies

The Ethereum Foundation, a non-profit organization staunchly supporting blockchain ETH, announced that it would introduce Mekong–a short-lived testnet intended for wallet developers.

The ETH Mekong Testnet serves as a learning platform where developers can familiarize themselves with upcoming modifications for the Prague-electra or “Pectra” project. The testnet may also be used to fine-tune user experience (UX) functions before release. With this new enhancement, can Ethereum reach the elusive $4000 mark?

As ETH aims for its target, new altcoin JetBolt (JBOLT) intensifies its presale surge with over 56 million tokens sold and continues to gain traction with its remarkable zero-gas technology. Read on and see what possibilities lie ahead for both ETH and JetBolt.

Ethereum (ETH) is changing hands at $3,344.68 as of writing, its price surging 29% over the past week. The upward momentum has led analysts to suggest that ETH could potentially reach a new high, surpassing the milestone of $4000.

Chart showing ETH’s price performance for 4 days from CoinMarketCap

However, despite its bullish showing, ETH investors and traders are still wondering if the token can sustain its rally to reach new levels in the coming days.

Ethereum’s coin holding time has jumped by 40% in the past seven days. This metric measures how long a coin is kept in a wallet before it is transferred or sold. The 40% rise indicates growing long-term confidence among ETH investors, influencing the coin’s price stability.

According to the foundation, the Mekong testnet includes changes to UX, staking, deposits, and exit mechanisms along with other proposed EIPs and specifications for the Pectra project. For stakers, the foundation added that there are major staking workflow upgrades coming into the Pectra fork.

Analysts have noted that, for ETH’s sustainable price growth, establishing clearer timelines for proposed scalability improvements is essential. Ecosystem upgrades such as sharding (parallel processing), miner extractable value (MEV) strategies, the Pectra fork, and zero-knowledge SNARKs remain to be implemented as of this time.

Even with the support of the Ethereum Foundation as it announced the launching of Mekong Testnet, ETH is still grappling with sustaining its current upward momentum.

Meanwhile, new altcoin JetBolt continues to capture the attention of crypto whales and blockchain insiders with its flagship zero-gas technology and ground-breaking Web3 utility enhancements.

Breaking into the blockchain space with a big bang is new entrant JetBolt (JBOLT). Leveraging the Skale Network, this new altcoin debuts on the crypto scene with zero-gas technology. Not only are transactions lightning-fast with JetBolt, users are positively impacted as they are relieved of gas fees usually associated with other crypto coins.

With the uptrend in AI technology, next-generation altcoin JetBolt provides blockchain enthusiasts with AI-aggregated market insights to keep informed on the latest trends and developments in crypto. Furthermore, by integrating WebAuthN’ and face ID recognition, JetBolt makes it possible for both new and seasoned crypto users to easily and securely transact using its intuitive crypto wallet.

Expanding its suite of game-changing features is JetBolt’s SocialFi mechanism, which elevates the staking experience with social benefits. It encourages users to connect and interact with friends and they get rewarded by doing so.

Whales and traders wanting to maximize their holdings can tap into JetBolt’s exclusive Alpha Boxes and rake in up to 25% additional JetBolt tokens for bulk purchases.

At the onset of its presale activity, JetBolt prides itself in offering a fully-functional ecosystem. It’s no surprise then that the altcoin’s ongoing presale has already sold over $540,000 and continues to stir up interest among crypto whales searching for new and exciting blockchain-powered projects with revolutionary approaches.

Ethereum’s goal to hit $4000 still stands feasible if ETH is able to hold steady and breach the $3,671 support level. With the announced launching of Mekong TestNet, it remains to be seen whether ETH could address the challenges to its ecosystem scalability upgrades and sustain much-needed momentum that can push it to new highs.

As for JetBolt, the road appears clear and fueled by its arsenal of game-changing zero-gas tech and other user-centric Web3 features, this presale token is one that’s definitely worth looking out for in the coming months.

Find out more about JetBolt’s unique attributes by visiting the links below:

• Official Website: https://jetbolt.io/
• X/Twitter Page: https://x.com/jetboltofficial
• Telegram Channel: https://t.me/jetboltcoin

This article is not financial advice. Cryptocurrencies are volatile and carry inherent risks. Readers should do their own research before purchasing any cryptocurrency.

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.

The post Can Ethereum reach $4000 as ETH Mekong Testnet announced while JetBolt altcoin rally intensifies appeared first on The Merkle News.