The
Jupiter Coin (JUP) is making significant waves in the cryptocurrency market. The platform plans to
airdrop $860 million in JUP tokens to its community users who vote. The move forms part of Jupiter's effort to reward its active community and incentivize wider participation. The airdrop is a significant event and follows the community's rejection of a previous plan to distribute $1.6 billion in rewards. As for price predictions, Jupiter Coin has performed impressively, with its price rallying 29%. Experts are speculating if $1.8 is the next target for JUP. In other ventures, the cryptographic project has initiated collaboration on a new meme coin trading terminal known as
Ape Pro on the Solana blockchain.
Jupiter also announced a
30% supply cut which will likely increase the cryptocurrency's scarcity and potentially its value. The supply cut will eliminate $3 billion of JUP and will celebrate the occasion with a physical fire ritual. The exchange platform recently introduced a mobile app that provides easy access for its community and traders. The crypto coin, secured through Solana's acquisition and Coinhall, bolstered its position in the market despite criticism over meme coin involvement with an alleged scammer.
Jupiter Coin has also signaled potential for a bullish reversal, indicating a possibility for further growth.
Jupiter Coin News Analytics from Mon, 15 Jan 2024 08:00:00 GMT to Wed, 11 Dec 2024 13:33:56 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 6