Cryptocurrencies You Must Own in 2024
The Jito team announces the development of the “Eigen Layer for Solana” project. This project aims to replicate the success of Project Eigen's layer solution. If the Jito team can successfully launch the project, it could generate similar excitement and attention, leading to a wild rise in the token price.
Meanwhile, last week, the token recently became the top DeFi protocol on the Solana network. It ended the week with $1.54 billion in total volume locked (TVL). This sharp rise has triggered a sharp increase in the price of the Jito token, which is up 8.5% this week.
Despite this, restaking protocols have yet to gain significant traction. Furthermore, Jito’s recent airdrop has no significant impact on its short-term performance. Over the past 30 days, Jito’s token price has moved in a positive direction on 19 days, reflecting strong momentum and traction.
JTO is currently trading at $3.044, indicating a rise of 15.89% in the past 7 days and a rise of 1.2% in 24 hours. Market sentiment on the Jito price forecast remains bullish, consistent with the Fear & Greed Index score of 68 (Greed). Additionally, the token has high liquidity, as evidenced by its market capitalization.
