JITO is a liquidity staking platform on Solana that offers MEV (Maximum Extractable Value) rewards to holders in the Solana ecosystem. $JTO is the name of the Jito governance token๐.
With the recent large rise of $SOL , it is interesting to observe the behavior of the projects within this ecosystem๐. After several days fluctuating and accumulating around $2.80, that level was broken and the only resistance around the $3.42 level was even surpassed, reaching $3.9๐. However, all markets experienced falls and Jito was one more affected.
It must be taken into account that the breakdown of these resistances could mean that in the next bull run we will see new historical highs and that a project as significant as JITO will rise positions within Solana's large projects ๐
Remember that this is not an investment recommendation and that you must carry out your own analysis.
Buckle up because in the coming months we will see strong rises and falls in all markets๐คฏ๐
The latest trend in the crypto world is meme cryptocurrencies developed in the Solana $SOL ecosystem.
$BOME is the new meme cryptocurrency recently added to Binance๐. BOME has caught the attention of all crypto-investors, reaching a market capitalization of almost $1.5 billion after listing on Binance๐คฏ. However, after the fomo it fell by 30%.
In bull markets, memes tend to perform incredibly well, so it would be an interesting project with a long history that, if we reach the market capitalization of coins like $WIF , we could see x2 or x3 in BOME๐ฏ.
In any case, these are personal analyzes and at no time do I recommend any type or investment. You must carry out your own analyzes and know the risk involved in each decision you make.
Remember that the greater the risk, the greater the reward๐
The $BTC halving is approaching and most markets decline by up to 10-20%. They are normal corrections and we probably won't see many pronounced corrections until after #Halving2024 , where every year we have seen a powerful pullback only to find many new all-time highs a few months later.
It must be remembered that this cycle is different from previous years since thanks to the incorporation of the #ETFbitcoinโฌ , the demand and integration of Bitcoin has been massive in recent weeks/months. This implies possible market behavior that is much more aggressive than previous cycles and not so expected increases or decreases.
Make thoughtful investments and wait for the rise!๐