Jupiter Coin (JUP), a cryptocurrency built on the Solana network, has seen notable increases and decreases in value in response to various events and proposals. The coin's potential to rise significantly was highlighted in numerous
price predictions, with some pundits predicting the price could hit
$2 by 2024, while others speculated the cryptocurrency's value could reach
$5. One of the key boosts to Jupiter Coin was the
proposal to
cut the
supply of JUP by 30%, a move which triggered a 7% price gain. Despite this, controversy has not been far behind with the platform receiving criticism for its collaboration with alleged scammers over meme coin. Jupiter's
DEX, a
decentralized exchange, showcased
strong volume growth, ahead of JUP issuance, but also faced troubles with transaction failures. On the innovation front,
Jupiter has adopted features like
BlockDAG, a technological breakthrough that has been applauded by cryptocurrency innovators. The company also launched a
Giant Unified Market initiative on the Solana blockchain to encourage zero-fee trading. A substantial
JUP airdrop boosted the asset's market capitalization, evidenced by a robust debut. However, Jupiter did experience some setbacks, such as halting perpetual crypto trading as Bitcoin hit a record high and experiencing a dramatic price drop after being listed on
major exchanges.
Jupiter Coin News Analytics from Tue, 02 Jan 2024 08:00:00 GMT to Mon, 16 Sep 2024 06:08:08 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -2
