Regarding supply, the initial token release is set at 1.35 billion tokens, representing 13.5% of the total supply. However, it's anticipated that not all tokens will be claimed, as seen in similar scenarios with other tokens, where some wallets date back to 2021/22. Therefore, a more realistic total supply estimation is around 1.15 billion tokens, potentially even lower in the first 24 hours.
As for the market capitalization, the token, referred to as Jupiter, requires a market cap of $1.15 billion to achieve a price of $1 per token, based on the 1.15 billion tokens in circulation. This is compared to another token, $PYTH, which reached a market cap of $0.8 billion on its first day.
Regarding pricing, the initial launch price is announced at $0.4, with an expected increase over time to reach $0.7. This projection is based on a specific pricing curve, indicating that the price increase could be quite rapid.
In a comparative analysis:
Jupiter recently matched trading volumes with Uniswap. If Jupiter were to achieve Uniswap's market cap, its price could nearly triple to almost $3. However, considering Ethereum's significantly larger market cap, a more conservative estimate for Jupiter's price floor would be around $0.528. The analyst believes Jupiter has a stronger product lineup and team compared to Uniswap, suggesting a potential long-term advantage for Jupiter over Uniswap.
Lastly, pre-market data from WhalesMarket indicates a token price of $0.7. This price point is considered a good indicator for initial trading performance, as observed with another token, $WEN. In the long term, it's expected that Jupiter will surpass this initial pricing, especially given recent interest from whales, Solana OGs, and venture capitalists, who have been purchasing substantial amounts of Jupiter tokens over the counter.
Do you know how much you are getting?
