Jupiter Coin, a cryptocurrency built on the Solana blockchain, is making major investments to expand and innovate. Notably, they have acquired
SolanaFM and
Coinhall to grow their ecosystem and strengthen their decentralized exchange services, first with Jupiter Mobile. They have undergone impactful changes like a proposed
30% cut to their JUP supply, which gained considerable support and resulted in a 7% increase in the coin’s value. Further, their perpetual crypto trading faltered amidst a bullish Bitcoin surge, but Jupiter Coin price recovered with a 20% rise. The JUP token continues to hold strong above $0.70, with analysts predicting it could surpass $1.5 after the proposed $2 billion token burn. As the launch of its native token nears, Jupiter is also planning to build a native decentralized autonomous organization (DAO) backed by substantial initial capital. In parallel, Jupiter is expanding its SOL ecosystem with more DEX services and innovations. They’re also working to protect their users from sandwich attacks. However, they’ve sparked controversy by collaborating with infamous memecoin traders. Criticism aside, various sources predict a 30% rally for JUP and it is being listed among the next big crypto coin projects scheduled to boom by 2024.
Jupiter Coin News Analytics from Tue, 02 Jan 2024 08:00:00 GMT to Mon, 30 Sep 2024 08:26:15 GMT -
Rating 8
- Innovation 8
- Information 6
- Rumor 5
