In 2021, the decentralized finance (deFi) token Jupiter was introduced on Solana. Its primary goals are to make token swaps easier and give users access to all DeFi services available inside its ecosystem. Currently, JUP is a governance token that lets holders cast votes on ideas for protocol development. A portion of Jupiter’s
The current Solana blockchain serves as the foundation for the JUP blockchain. It is, therefore, constructed on top of the blockchain infrastructure that Solana already has.
Token swaps are simpler to handle thanks to Jupiter’s architecture, eliminating the need for central exchanges.
Jupiter price today
Jupiter is trading at $0.57 and ranked number 83 in the whole crypto world. The total supply of Jupiter in circulation is $774.465.237. The total market cap of JUP is $1,350.000.
JUP Token coin is available on multiple cryptocurrency Exchanges
WEN Token ($WEN) is available on various cryptocurrency exchanges, including BYDFI, Binance, Bybit and Gate.io, PancakeSwap.
To buy JupiterToken ($JUP), you must create an account on one of these exchanges and have a Binance Smart Chain compatible wallet like MetaMask.
Once you have a wallet supporting JupiterToken ($JUP), you can connect it to the exchange and purchase the desired tokens using ETH or other supported cryptocurrencies.
Buy JUP Token on BYDFI
In order to purchase Jupiter using one of these altcoin exchanges, you must first purchase a cryptocurrency with fiat money, such as Bitcoin (BTC), Ethereum (ETH), or Tether (USDT). After that, you may exchange them for Jupiter (JUP) tokens.
Wen coin is listed on Bydfi for trade and service. You can follow the step-by-step guide below to learn how to buy a WEN Token.
- Download Trust Wallet, a highly integrated crypto wallet within the Ethereum network.
- Purchase ETH on BYDFI, withdraw it to your Trust Wallet, and connect your wallet to the DEX you want to use.
- Select ETH as the payment and JUP Token as the coin you want to acquire, and click the Swap button to complete your transaction.
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Jupiter Historical
On January 31, 2024, $2,00 was spotted, the highest price. This was a 72.84% decrease in price. The lowest price ever recorded is $0,5369, which dropped by 1.16% and was recorded on February 4, 2024.
Jupiter has seen a significant increase in value in the last 24 hours, with the crypto rising by $.05. In the past seven days, Jupiter has seen a positive trend, growing by a whopping 64.13% with an average value of $0.37.
This rapid growth indicates that JUP can become a vital asset if the price increases. JUP has shown great potential in the last few months, and it could be a great time to invest.
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Jupiter Price Forecast: Is There a Potential for a Reversal?
Consolidating in a parallel channel, tapping parallel channel support, bouncing, and getting rejected from parallel channel resistance. Currently getting rejected. Have to observe price action for entering upon breakout/breakdown.
The Relative Strength Index (RSI) is below its overbought 70 but still above 50. A trend reversal may occur if the RSI crosses 70, suggesting that the asset is overbought.
Conversely, the weak trend is shown by the ADX, which is below 30 as it advances south. A declining ADX suggests a fading trend and may be an early warning sign of a trend reversal.
Controversy around the airdrop
Many people praised the airdrop for drawing attention to JUP and boosting its trading volume. Still, there was criticism of the distribution mechanism 70% of the allocation was determined by “engagement,” which seemed unclear and biased. Worries that whales were tampering with the pre-airdrop to increase their claims that specific individuals were not admitted even though they fulfilled the requirements
The Jupiter team’s reply
In response to the issues raised, the team came up with plans to improve the following airdrops with improved direction and feedback from the community.
The purpose of the airdrop is to reward early adopters and decentralize token distribution.
Price prediction
Experts in cryptocurrency predict that Jupiter’s average price in February 2024 will be $0.0051, with a possible return on investment of 181%.
Early 2023 price patterns indicate that the projected minimum and highest prices are $0.0038 and $0.0063, respectively.
Outlooks
Jupiter (JUP) has been one of DeFi’s most promising assets since 2021. Jupiter makes it simple to trade tokens and utilize DeFi services. While there have been some concerns about token decentralization, Jupiter intends to improve and decentralize token distribution while offering incentives to early adopters. Jupiter’s recent performance makes it an appealing investment prospect, able to reverse the trend. Jupiter’s future hinges on continual development, community engagement, and integration with other blockchain platforms.