The price of JUP, the native token of Jupiter’s decentralized exchange, has been volatile since its launch earlier this year. What does the future hold for this coin?
Table of Contents
What is Jupiter and how does it work
Jupiter coin price prediction: short-term outlook
Is JUP token a good investment?
Jupiter Jupiter jup 1.3%
Jupiter reached a high of $2.04 shortly after its launch and a major airdrop on January 31, 2024. However, by February 21, the price had dropped to a low of $0.4557. The token then approached its previous high again in April, hitting $1.77. As of today, September 9, 2024, JUP is trading around $0.7, having decreased by approximately 18% over the past month. Right now, the token is ranked 62nd among cryptocurrencies by market capitalization, which is over $955 million.
What’s next for JUP? Could it ever surpass its previous price peak? Check out our Jupiter price prediction for 2024 and beyond.
What is Jupiter and how does it work
Jupiter is a decentralized exchange operating on the Solana blockchain Solana
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Solana. Its goal is to act as a swap aggregator, facilitating decentralized cryptocurrency transactions for users. It operates through a network of smart contracts that manage essential functions such as linking wallets and processing crypto token trades.
The JUP token serves as the project’s governance token. What is the JUP crypto price prediction for the short and long term?
Jupiter coin price prediction: short-term outlook
According to CoinCodex’s Jupiter price prediction, the coin’s price is expected to increase by 226.77%, potentially reaching a new all-time high of $2.3 by October 9, 2024.
As of September 9, 2024, the overall sentiment for the Jupiter price forecast remains bearish, with only 6 technical analysis indicators showing bullish signals and 20 indicating bearish trends.
Jupiter price prediction 2024
Based on CoinCodex’s expectations for JUP, it is anticipated to trade between $ 0.7053 and $ 3.32 in 2024. If it hits the upper end of this range, the token could experience a rise of 368.65%.
According to DigitalCoinPrice, investors, exporters, and market experts believe that JUP will surpass its previous high of $2.04 this year. They predict it will then stabilize between $1.4 and $1.56.
