LIVE$JUP WHY I SHORT JUPITER?
Jupiter Co-Founder Meow announces an annual JUP airdrop plan every January. 40% of the total supply of 10 Billion JUP is allocated for the community growth. Four rounds of airdrops are expected.
for this announcement I am expecting most of the logical traders that is holding the token to sell after receiving the said Airdrop to cash out their profits.
Since the current circulating supply is 1.35 Billion JUP and the total supply is 10 Billion JUP I am also expecting the price to drop as it increase the circulation supply.
Upon my shorting I am expecting the current Market Cap of $2.7 Billions to decrease in half in Midnight of February 1 and after being listed in many exchanges for all investors and traders to cash out their earn profits, giving in the 1st and 2nd week of February with the possible lowest Market Cap of $400 Million before it will again recover and surge.
Trade like you know the Future of the Market.
Goodluck.
LIVE