⇑ Rise of the Jupiter Coin: Challenges and Triumphs in the DeFi Market

The Solana DeFi Exchange Jupiter intends to revise its airdrop plan, following the rejection of a $1.6 billion reward by voters. Despite criticism over the exchange's collaboration with a supposed scammer for meme coin, Jupiter has seen impressive growth, with its price rallying by 29%, a notable achievement considered with the upcoming price predictions. Moreover, the crypto market has seen several traders updating their outlook on Bitcoin and Jupiter.

A proposal by Jupiter's Co-founder Meow for a 30% cut to Jupiter's (JUP) supply led to a 7% gain, igniting discussions about an even more significant price impact following Jupiter Exchange's plans to burn $3 billion worth of tokens. Despite a price correction suggestion, the price of Jupiter (JUP) has remained consistent, further solidified by its significant acquisitions, including SolanaFM and Coinhall, aimed at expanding Solana's Ecosystem offerings.

Additionally, Jupiter Mobile is now available on Google Play, another highlight that follows Solana's acquisition by Jupiter. A feature allowing the protection against sandwich attacks, known as MEV, was introduced by Jupiter. The platform recently proposed a $JUP token burn of 30%, undergoing controversial collaborations along with the successful launch of Jupiter Mobile.

Despite the controversies, Jupiter's (JUP) price maintains a bullish trend with over 60% growth after an airdrop. Jupiter Swap V3, an improved version, was introduced by Jupiter Exchange asserting its presence in the market. The acquisition of SolanaFM significantly boosted Solana's data and infrastructure capabilities, gearing up for a major listing and possible recovery. Lastly, the establishment of a native DAO by Jupiter with $137M in initial capital cements its position in the DeFi Market.

Jupiter Coin News Analytics from Wed, 31 Jan 2024 08:00:00 GMT to Wed, 04 Dec 2024 12:13:25 GMT - Rating 8 - Innovation 7 - Information 9 - Rumor 4