Currently priced above $4, JTO is likely due for a short-term correction, potentially dropping to around $3.70.
Short-term futures trading could offer opportunities to profit, đžđ° but remember, greed can be risky in the crypto market. Always stick to your risk management strategy, as exceeding your limits may lead to inevitable liquidation. In the volatile crypto worldđ, anything can happen, so exercise caution and trade responsibly.
Why JTO pumped?
This comes after a major event: on December 7, 2024, Jito will undergo its largest token unlock, releasing 135.71 million tokens worth approximately $521 million. This release will significantly increase the circulating supply and may lead to short-term selling pressure, potentially contributing to the price dip. However, if buying demand picks up, a rebound above $4 could occur, as Jitoâs strong community support and the upcoming roadmap could fuel future price growth