The cryptocurrency market is in motion with several meme coins seeing a surge, including GameStop-themed memecoins after Roaring Kitty's return. Predictions suggest significant future growth for Pepe Coin, while the Shiba Inu climbs to an eight-month high as part of the meme coin rally. Jupiter Coin (JUP) is in focus after its proposed 30% supply cut, a move worth $3 billion. The JUP price holds at $1, and it's poised for a potential correction. A variety of other cryptocurrency such as Bitcoin, Ethereum, BNB, and Cardano also experience an upturn in price.
Further attention is brought upon Jupiter Coin, with CYBRO, Solana, and JUP itself projected to spearhead an altcoin rally. In line with these projections, the Jupiter price exhibits a 29% rally, and experts consider $1.8 to be the next target for JUP. Major movements are also on the horizon for JUP with a $2 billion token burn planned, and a 20% surge in its price expected ahead of a significant week and supply proposal.
It's not all bullish moves, though. The JUP DEX volume plunges even as price targets hit $2. There are also allegations of 'pump and dump' against Jump Trading. Nevertheless, JUP plans to burn tokens, potentially contributing to price growth. Further developments for Jupiter Coin include future investments by Grayscale, Jupiter exchange's proposed 30% token burn, and the inclusion of JUP in Jump Crypto's U.S. Political War Chest, contributing $10M.
JUP Coin News Analytics from Mon, 15 Jan 2024 08:00:00 GMT to Sat, 07 Dec 2024 15:39:58 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 2
