Jupiter Exchange has proposed a plan to reduce the supply of its native token, Jupiter (JUP), by 30% over the next six months.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 Exchange Lsiting Price $0.27 To $0.30, Don’t miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]

The plan involves burning tokens held by the development team, which will decrease the total supply from 10 billion to 7 billion. This reduction in supply is expected to improve transparency and better align with the goals of the JUP community.
Jupiter (JUP) Token Burn Proposal and Market Impact
Jupiter Exchange has proposed a $2.88 billion token burn, which would be the largest in cryptocurrency history. This plan, pending approval from the Jupiter Exchange DAO vote, aims to reduce the total supply of JUP tokens from 10 billion to 7 billion. The reduction is expected to create scarcity, potentially increasing the token’s value. Co-Founder Weremeow has highlighted that the gradual burn will enhance long-term investor confidence and stability.

30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 Exchange Lsiting Price $0.27 To $0.30, Don’t miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]

Since the announcement, the JUP token has been on the rise, breaking out from a falling wedge pattern. The price action shows a trend of higher highs and higher lows since mid-June, with the token staying above the 50-day EMA. However, recent market activity has formed a double top pattern, which could be a cautionary sign if prices fall below the $0.95 neckline.
Jupiter (JUP) Token Burn Proposal and Market Outlook
The proposed 30% reduction in Jupiter (JUP) token supply aims to create scarcity and boost investor confidence. With immediate support at $0.88, maintaining bullish momentum is crucial for JUP. Resistance levels are set at $1.11 and $1.28, where previous attempts to surpass these prices have failed. Currently, the Relative Strength Index (RSI) is at 51.96, indicating moderate bullish sentiment without being overbought. Additionally, the MACD line confirms bullish momentum, supported by steady trading volumes.

30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 Exchange Lsiting Price $0.27 To $0.30, Don’t miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]

Despite the optimistic outlook, there are risks to consider. A decline below the $0.68 price level could challenge the bullish thesis and signal market weakness, potentially causing JUP to revert to the next major support level at $0.49.
In summary, the token burn proposal, if approved, is expected to enhance token scarcity and drive significant price momentum. Investors should monitor key support and resistance levels closely to navigate potential market changes effectively.

30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 Exchange Lsiting Price $0.27 To $0.30, Don’t miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Jupiter  #JUP  #ARKInvest  #EthereumETF  #MicroStrategy   $JUP $BTC $ETH

- Despite the prevailing bear market conditions, Jupiter, a decentralized exchange (DEX) built on the Solana blockchain, briefly surpassed Uniswap in terms of daily trading volume.
- The Wen airdrop, coupled with its seamless tradability on Jupiter, sparked significant trading activity, contributing more than $50 million to the exchange's trading volume.
- The upcoming JUP airdrop targeted at Solana users has further intensified interest in the platform.
- Despite the bearish market sentiment, Solana's price has shown relative stability and even hinted at a potential upward trajectory.
- While currently facing downward pressure, Uniswap retains the potential for a bullish reversal provided it maintains support above $5.77.

Uniswap, once the dominant force in decentralized exchanges, has now been dethroned by Jupiter, a decentralized exchange built on the Solana blockchain, marking a significant shift in the landscape.
Over the past 24 hours, Jupiter has surpassed Uniswap in trading volume by a considerable margin, driven by various factors including the frenzy surrounding the $WEN memecoin, an upcoming token launch, and heightened demand for stablecoins.
The surge in trading activity on Jupiter can be largely attributed to the popularity of Wen, a new memecoin distributed to holders of Solana Saga phones through an airdrop. The accessibility of Wen through Jupiter has fueled trading volume, highlighting the platform's convenience and accessibility.
CoinGecko reports that Wen accounted for over 17% of Jupiter's trading volume in the last 24 hours, totaling a staggering $516 million in trades. Despite Uniswap's notable trading volume, it was unable to surpass Jupiter's figures, underscoring the platform's growing prominence.
Furthermore, the anticipation surrounding the launch of JUP, Jupiter's native coin, has further boosted trading activity. Qualified Solana users are set to receive JUP tokens through an airdrop, incentivizing participation in the platform's ecosystem through activities such as staking, governance, and liquidity provision.
While JUP has yet to be officially listed on exchanges, it is already experiencing significant trading activity on Aevo, with tokens trading at approximately $0.61. With a market cap projected to reach $600 million for the JUP airdrop, the cryptocurrency is positioned as a significant player in the market.
In the broader context, the cryptocurrency market is currently experiencing bearish dominance, with contrasting performances observed in Solana and Uniswap. Solana demonstrates resilience with an upward trajectory in price despite short-term fluctuations, while Uniswap grapples with bearish sentiment.
While Solana shows signs of potential consolidation followed by upward movement, Uniswap faces challenges in reclaiming higher price levels amidst bearish pressure. Nevertheless, both platforms remain influential players in the cryptocurrency ecosystem.
Voice of Crypto provides this analysis with the aim of delivering accurate and up-to-date information, but readers are encouraged to conduct their own research and exercise caution due to the volatile nature of cryptocurrencies.
#Jupiter #UniSwap #memecoins #solana #DEX
$UNI $SOL

An analyst recently forecasted that Ethereum’s price might reach $10,000 at its peak during its cycle. However, the prediction for Solana was more modest, aiming for just $200.
Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On CryptosHeadlinesToken.com

Considering these forecasts, it’s crucial to keep an eye on two other possible competitors to Solana that could experience notable growth.

Bullish Short-Term Outlook for Jupiter and Optimism
Jupiter’s Potential Surge and Risks
Jupiter is nearing a resistance level at $0.68, with its current price at $0.78. Recent investment in a Solana-based token launch suggests the possibility of a substantial price increase. Indicators like MACD and 10-day SMA signal a buying opportunity, indicating a bullish short-term outlook.
However, investors should be cautious as a decrease in momentum could lead to a pullback towards support levels at $0.42 or even $0.3. The neutral RSI indicator suggests a sideways trend if positive market stimuli fail to materialize.

Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On CryptosHeadlinesToken.com

Optimism’s Strong Performance and Considerations
Optimism has shown impressive performance, surpassing the resistance level at $4.32 with a current price of $4.59. The 10-day SMA suggests a buy, with the price stabilizing above $4.32, hinting at a continued uptrend. If the bullish trend persists, the next target could be the second resistance level at $4.95.
However, market volatility must be considered, with nearest support levels at $2.95 and $2.22. A reversal could lead to significant downside risk. Despite this, the long-term perspective remains positive, supported by the 100-day SMA indicating sustained strength in price.

Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On CryptosHeadlinesToken.com

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Solana #Jupiter #Optimism #Bitcoin $OP $JUP $SOL

In the last day, the decentralized exchange aggregator Jupiter saw a substantial trading volume of nearly $1.4 billion. This surge coincided with the launch of its own cryptocurrency token.
Cryptos Headlines Platform Has Launched Its Native Token's Airdrop for the Public Join Airdrop Now on https://cryptosheadlinestoken.com/
In the past 24 hours, Solana DEX aggregator Jupiter (JUP) facilitated an impressive $1.38 billion in trading volume, marking a significant increase compared to its recent daily trading volume. This surge solidifies Jupiter’s position as the top DEX platform during this period.

Jupiter Token Launch and Airdrop Spark Solana Network Surge
Yesterday marked the highly-anticipated launch of the Jupiter token and accompanying airdrop, igniting a surge in activity on the Solana network. Web3 wallet Phantom reported unprecedented levels of traffic, surpassing even the recent WEN meme token launch by threefold.

Jupiter daily trading volume. Image: Jupiter.
The governance token for Jupiter began trading at 10 a.m. ET, initially priced at $0.40 on the platform’s native liquidity pool, in alignment with the pool’s price curve. Major centralized exchanges like Bybit, Binance, Bitfinex, and OKX quickly followed suit, offering trading for the token.
As of now, JUP is trading at $0.60, marking a 50% increase from its initial trading price. This surge has propelled its market cap to $808 million, with a fully diluted value of $6 billion. At launch, 1.35 billion tokens, equivalent to 13.5% of the total 10 billion supply, were in circulation.
Simultaneously with the token launch, Jupiter initiated its initial token airdrop, targeting users who traded at least $1,000 on the platform before November 2. This retrospective airdrop aims to reach 955,000 wallet addresses, with 62.9% of JUP tokens already claimed across over 450,000 addresses, as per a Dune Analytics dashboard.
Over the course of four phases, the project intends to airdrop a total of four billion tokens, comprising 40% of Jupiter’s total supply, to users. Future airdrop rounds will also extend rewards to new users, according to Jupiter’s plans.
Controversy Surrounds Jupiter Token Launch
Amid the excitement of the Jupiter token launch, controversy arose as some users raised concerns about the token launch pool being utilized by the team to sell tokens to the public.
In response to these concerns, the project’s pseudonymous founder, Meow, emphasized transparency regarding the mechanics of the launch pool. Meow stated that the team had initially allocated a sales ratio of 20%, which was subsequently reduced to 5%, and then to 2.5% of the token supply. The founder further noted that the team could have pursued alternative fundraising methods, such as an initial DEX offering or over-the-counter sales, but opted for a more transparent approach.
Explaining the rationale behind this decision, Meow highlighted that by structuring the launch in this manner, airdrop recipients would have access to a significant pool for selling, while prospective buyers would be assured of a substantial pool capable of absorbing selling pressure from airdrops. This approach aimed to mitigate the risk of immediate significant losses for buyers.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Jupiter #Bitcoin #Altcoin #Cryptocurrency #CryptoNews