Jito, a promising protocol on the
Solana blockchain, has garnered immense attention in the crypto world with a market cap easily crossing a billion. Its rapid growth, the introduction of a new
LRT token ezSOL with Renzo and an
open-source restaking service have democratized the staking arena on Solana. Furthermore, the open source restaking service is speculated to usher the network's utility even further. Online price predictions suggest that JTO's value might increase significantly, targeting
$5 soon due to the project's steady growth and continuous technological updates. Notable is Jito's achievement of becoming the largest protocol on Solana with
$1.4 billion total value locked, controlling
37% of the ecosystem's TVL, outranking other established protocols. As a result, Jito's price has reportedly surged around
70% after being listed on
Coinbase, a major achievement for any new token. The
Phantom Wallet has introduced liquid staking with Jito, showcasing the project's innovative capabilities. Furthermore, Jito's development team's preemptive measures to
halt 'Mempool' function to counter MEV attacks demonstrate prudence and long-term vision. The notable airdrop initiative, delivering
$225M worth of JTO tokens to eligible holders, has triggered an affirmative reaction across the community.
Book of Meme (BOME) and
BDAG investors have been particularly excited about potential ROIs. Despite its soaring success, Jito faces stiff competition from other altcoins like
JetBolt. However, various price predictions remain optimistic, maintaining Jito's potential in upcoming years.
Jito Coin News Analytics from Thu, 11 Aug 2022 07:00:00 GMT to Wed, 14 Aug 2024 20:03:31 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 2
