Jito, a Solana-based cryptocurrency, has announced its Solana Protocol with a current Total Value Locked (TVL) of $1.4 billion. As a leader in Solana, Jito is producing significant buzz, specifically with the introduction of
Liquid Staking for SOL in partnership with Phantom Wallet and others. This has led to an expansion of restaking options for users from Ethereum to Solana, dubbed as a 'Gold Rush'. As a result,
JTO token has seen a bullish trend, with a reported surge of 10% amid strong open interest. A new all-time high is speculated as Algotech cited a potential 1200% ROI, triggering enthusiasm in the JTO community. Furthermore, there are signals that even small-time airdroppers are reaping substantial benefits, with thousands of dollars in JTO tokens. In addition, Jito's token launch has been reportedly pushing competitor Marinade's MNDE to new highs.
Coinbase has announced its support for JTO which raised its price by 70% in May. With the promising trend, price predictions for JTO in 2024, 2025, and 2030 are bullish. However, Jito's unexpected move of ending the 'mempool' function to avoid 'sandwich attacks' raises certain questions. Nevertheless, the project continues to innovate with liquid staking protocols and facilitating native yields for Bitcoin, gaining the confidence of exchanges, and enticing investors with hefty airdrops.
Jito Coin News Analytics from Thu, 11 Aug 2022 07:00:00 GMT to Tue, 18 Jun 2024 15:22:00 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor -3
