Jupiter (JUP), Solana's notable DeFi Superapp, has seen traction for significant activities. Its upcoming Stablecoin JupUSD, in collaboration with Ethena Labs, is poised to add stability to its ecosystem. Nonetheless, some skepticism surrounds the token, with varying opinions on its investment value. Jupiter recently partnered with Kalshi for a prediction market on Solana. Coinciding with an 18% rise, a price prediction of $1 isn't farfetched.
Integration with platforms like Coinbase to boost stablecoin liquidity is set to enhance DeFi Liquidity. The Jupiter Ultra V3, among Solana Meme coins, promises an exciting journey. A recent surge of 40% after the founder pledged 50% of fees towards token buybacks, hints at a bullish sentiment. Despite this, some fear JUP may dump further.
A partnership with Raydium heated things up for Jupiter in the Altcoin season. The ambitious $750 Million USDC conversion into JupUSD shows faith in the new stablecoin. Recently, JUP has faced a 20% price drop and a drop in volume. However, traders are hopeful as Jupiter is set to launch its Stablecoin JupUSD on Solana in 2025.
Preceding a potential dip is the βJupuaryβ airdrop for JUP holders. Enhanced collaborations in the DeFi space such as with Uniswap and with Ethena to launch the stablecoin enhance the overall solvency. Amid some jitters, the future looks promising with the ambitious plans drawn for Jupiter.
Jupiter Coin News Analytics from Thu, 16 Jan 2025 08:00:00 GMT to Fri, 07 Nov 2025 08:03:45 GMT - Rating 3 - Innovation 5 - Information 8 - Rumor -2
