Jupiter Coin has had a tumultuous ride in the cryptocurrency market as of late, with significant gains and sharp declines. The
Solana-based token saw a massive surge, topping daily gainers with an 18% spike, indicating a potential move towards the $1 mark. Momentum continued to build following this, with an analysis suggesting that
Jupiter Coin could hit $5 by 2025. Significant technical patterns have come into alignment that suggest the coin has the potential to rally, targeting $1.
However, the coin also saw its price drop in response to certain events. The news of a damaged reputation came when a resident in Jupiter nearly fell victim to a Bitcoin scam at a high cost of $10k. The event coincided with the launch of 'Pumpswap,' casting a dark cloud over the coin's promise.
This didn't stop
Jupiter Coin from making big moves in the DeFi space. The token acquired a majority stake in Moonshot and integrated SonarWatch, offering users a more versatile platform. Moreover, the introduction of a 3 billion token burn and 50% fee buyback plan instilled more confidence in the investors, causing the price per token to rise by 40%.
Further, in a surprising move,
Jupiter Coin acquired a majority stake in meme coin app favoured by Trump, promising greater liquidity and exposure. Despite some reputational damage due to a hacking scandal, and the fluctuating price and volume,
Jupiter Coin seems poised for long-term positive performance, with a second airdrop of 560M JUP tokens in the pipeline.
Jupiter Coin News Analytics from Mon, 09 Sep 2024 07:00:00 GMT to Tue, 17 Jun 2025 14:00:06 GMT -
Rating 2
- Innovation 7
- Information 5
- Rumor 5
