Solana

Jupiter Price Prediction: Solana Token JUP Plummets 63% After Launch, But This Unusual Green Presale Has Rocketed Past $720K

February 2, 2024
0 0 4 minutes read

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The Jupiter worth crashed 63% within the final 24 hours to commerce for $0.5899 as of three:30 a.m. EST time.

It comes after days of headlines across the Solana theme and the Wen (WEN) airdrop. The Jupiter airdrop technique was a part of a much bigger plan to affect the Jupiter decentralized trade’s (DEX) efficiency and its native crypto, JUP, in response to media studies.

Days later, JUP secured a list on Bitfinex, marking the fourth centralized trade to checklist the altcoin, together with Bybit, XT.com and Bilaxy. The token began buying and selling on Bitfinex on January 31. The checklist of exchanges has since grown, with Binance, Gate.io, Kucoin, OKX, and HTX World additionally itemizing Jupiter DEX’s JUP token.

The Jupiter worth rallied forward of the itemizing however has dwindled post-event, which is typical of the purchase the rumor promote the information scenario. It is a buying and selling technique the place a dealer buys an asset based mostly on hypothesis about an upcoming information announcement. On this case, itemizing on Bitfinex and different exchanges. Thereafter, the dealer sells the asset after the information is made public.

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The adage supplies proactive merchants a possibility to purchase the asset earlier than everybody needs to purchase it. This implies they can flip a revenue by promoting it when the demand and the worth of the asset will increase.

Jupiter Worth Outlook As The Purchase The Rumor Promote The Information State of affairs Performs Out

The Jupiter worth is consolidating inside a descending parallel channel as merchants money in on the features made forward of the itemizing. The place of the Relative Energy Index (RSI) beneath 50 factors to a weak worth energy and tilts the percentages in favor of the bears. The Transferring Common Convergence Divergence (MACD) can also be beneath the zero line in unfavourable territory, reinforcing the bearish outlook.

With this, the Jupiter worth may probably prolong the autumn, probably dropping the $0.5761 assist flooring. Within the dire case, the JUP token may prolong the autumn to exams the vary low at $0.5636.

TradingView: JUP/USDT 30-min chart

Conversely, a reentry by the bulls may ship the Jupiter worth north, overcoming the resistance because of the higher boundary of the descending parallel. An prolonged climb may ship the altcoin to $0.6500, or in a extremely bullish case, prolong the climb to the vary excessive of $0.7025. Such a transfer would represent a 25% climb above present ranges.

In the meantime, consideration has turned to eTukTuk, a brand new ICO whose hallmark is a inexperienced crypto specializing in electrical automobiles. In keeping with analysts, the token may 10X on launch.

Promising Various To Jupiter

Standing amongst analysts’ high selections for the best ICOs to buy in 2024, eTukTuk is a revolutionary cryptocurrency venture coming onto the scene to assist Tuk Tuk drivers undertake a extra energy-efficient mode of transportation.

The venture’s hallmark is centered on growing economies. The $TUK token powers its dedication to bringing electrical Tuk Tuks and a community of  Electrical Automobile Charging Stations (EVSEs) to growing economies in South Asia and Africa, beginning with Sri Lanka.

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eTukTuk distinguishes itself by presenting a sturdy use case. Particularly, it has a well-defined idea, assembly customers the place blockchain tech and sustainability intersect.

The crew is dedicated to establishing an ecosystem devoted to combating carbon emissions. That is by the mixing of blockchain know-how and AI developments, and the promotion of environmentally pleasant transportation choices. Finally, that is anticipated to propel the worldwide transition to electrical automobiles.

eTukTuk additionally has a staking perform, with traders getting rewards whereas drivers get pleasure from lowered prices. Extra curiously, the venture has a staking perform, with stakers having fun with annual proportion yields (APY) as excessive as 303%.

Tuk stake

The $TUK Token rewards will likely be distributed to customers at a fee of 4.75 $TUK per BSC block. Rewards will likely be payable over 3 years and are decided by your share of the staking pool and annual returns proportion. Notably, the APY continues to lower over time which means that early stakers have a bonus over late bloomers.

Buyers seeking to purchase TUK can accomplish that on the web site, with every token promoting for $0.02625, a price ticket that can solely stand for the subsequent twelve days. Be a part of the eTukTuk sustainable transportation revolution with the inexperienced $TUK token presale right here.

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February 2, 2024
0 0 4 minutes read

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