Jupiter Coin: Empowering the Bright Future of Decentralized Finance in 2024

Apart from being the largest planet in our solar system, Jupiter is also the name of a cryptocurrency. But what exactly is JUP? This question will be answered as you read through. Let’s start with the simple objective or goal of JUP. Jupiter helps users receive world-class experiences. Regardless of the user’s necessity, Jupiter strives to complete this with as little effort on the user’s part as possible. This is possible through the presence of tools produced by Jupiter. These tools have proven to be of great use to their users. Although there are many, some of them include:

Swaps: One of the Fastest Swap APIs on Solana. Simply put in your desired pairs, amount, and slippage, and receive your serialized transaction from the API to execute your swap.

Payments API: Quickly swap any token to USDC. Using this, you can specify an exact output token amount in any token (not just USDC).

Limit Orders: Place limit orders quickly and easily with JUP Limit Orders.

DCA: DCA into any SPL token with JUP’s DCA program. Integrating into your use case is fast and simple.

Tokenomics

Jupiter has a maximum supply of 10 billion JUP. Jupiter also possesses the same quantity for its total supply. Although its circulating supply is just 1.35 billion, despite this relatively small number, JUP has a market cap of around $1.5 billion and a fully diluted market cap of more than $11 billion, which cements JUP’s position in the upper echelons of cryptocurrencies. Jupiter’s tokenomics addresses liquidity fragmentation by introducing a novel distribution mechanism that enables the balanced and decentralized administration of its native token, JUP. Tokenomics is intended to represent a 50-50 split between the team’s management and the community.

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JUPITER Token Distribution

Jupiter’s tokenomics include the release of its native token, JUP, with an initial total circulating quantity of 1.35 billion. The token will be allocated to both the community and the Jupiter team. The community will get 4 billion JUP tokens in four successive airdrops, with the first distributing 1 billion tokens. The remaining 3 billion tokens will be stored in a community cold wallet controlled by a 4/7 multi-signature. 

The Jupiter team will control 50% of the supply, with 20% going to current team members and vesting after two years, and the remaining 20% kept in a strategic reserve for future members and investors. The remaining 10% will be utilized for liquidity provision and transferred to a Team Hot Multisig wallet.

Price Analysis

JUP has a 24-hour trading volume of $164,670,819.59, and the current price is $1.15, representing a -3.42% decline from the previous day. JUP’s fully diluted valuation (FDV) is BTC 171,468.9630, assuming that all 10 billion JUP tokens are currently in circulation. Jupiter is underperforming in terms of price performance when compared to comparable Decentralised Finance (DeFi) currencies, which are up 4.40%, and the global cryptocurrency market, which is down 1.10%.

The all-time high for JUP is $2.04, recorded on January 31, 2024. Recorded on February 21, 2024, the all-time low is $0.4557.

Price Prediction

JUP looks to be going through a corrective phase based on the price analysis. The token is particularly volatile, as demonstrated by the 4-hour JUP/USD chart, with the bottom band of the Bollinger Bands (BB) indicator hitting JUP at $1.06. This suggests that there may be substantial price fluctuations, and if the price rebounds, there is a potential that it may extend and retest $1.51. The price might grow to $13 by December 2027, according to the Relative Strength Index (RSI). 

According to technical analysis, Jupiter’s price is expected to range between $0.000842 and $0.00183 by 2024. The expected average trade price is roughly $0.00282. With a minimum of $0.000851 and a high of $0.000868, the price forecast for May 2024 is $0.000860. With a minimum of $0.000842 and a maximum of $0.00119, the June 2024 price forecast is $0.00102.

The anticipated price for July 2024 is $0.00110, ranging from $0.000893 to $0.00130. Jupiter’s price estimate for the next 30 days is a 5% gain, perhaps reaching $1.141313. The long-term average price projection for 2024 is $1.41122045, with a potential ROI of 9%. The estimated price for 2025 is $1.92, with a possible ROI of 58990.91%. For 2030, the average price projection is $12.91, reflecting a 1,042% increase over current levels.

Exchange Listings

These exchanges provide users with a variety of trading options and liquidity for Jupiter (JUP).

Exchange
Bitstamp
Bybit
Binance
Coinbase
Kraken
Huobi
FTX
Gate.io
Bitfinex
KuCoin

Road Map

Roadmap (2025-2026):

  • Jupiter will extend its solutions to reshape the landscape of decentralized finance and digital currency.
  • Jupiter’s goal is to fully transform JUP from a governance token to a decentralized economic currency.
  • Jupiter just launched GMX-style perpetual futures on its platform.
  • Jupiter intends to introduce SUSD, a decentralized stablecoin supported by Solana liquid staking tokens (LSTs), as an alternative to USDC and USDT.

Road Map (2027-2030):

  • Jupiter wants to become a catalyst for the evolution of a decentralized digital economy, and JUP’s advanced tokenomics and governance approach demonstrates its dedication to community-driven growth and technical innovation.
  • JUP wants to define the landscape of decentralized finance and digital currency: As Jupiter grows and incorporates new features and services, it intends to be a pioneer in reinventing the DeFi and digital currency sectors.

Final Thoughts

Jupiter’s tokenomics and roadmap demonstrate a commitment to building a robust and decentralized ecosystem, promoting mass adoption, and transforming the landscape of digital currency and decentralized finance in the future. The token distribution strategy alleviates concerns about centralization and ensures that the community’s participation is heard during decision-making by establishing a decentralized and egalitarian management of JUP. Jupiter’s unique tokenomics and roadmap establish it as a market leader in decentralized finance and digital currency, with considerable future development and adoption potential. Despite this much optimism, one must always seek professional advice before making any investments.

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