Jupiter’s JUP token is fueling speculation about its potential for an imminent price surge. With strong community backing, rising trading volumes, and aggressive tokenomics strategies, JUP appears to be positioned for a major rally.
Moreover, the recent buyback initiative and token burn have driven confidence in its long-term value. As the project evolves, key fundamentals suggest that Jupiter could follow a growth trajectory similar to Binance in its early years.
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Jupiter’s Strong Growth Indicators Fuel Optimism
Analyst Hitesh.eth highlighted JUP’s market action stating that the token is currently undervalued. He noted the project’s rapid expansion, comparing its trajectory to Binance’s rise in 2019. Over the past 90 days, Jupiter’s total value locked surged by 78% to $2.5 billion.
Jupiter is exactly where Binance was once in 2019.
— hitesh.eth (@hmalviya9) January 28, 2025
Similar growth trajectory.
Similar community vibes.
Great early traction.$JUP is undervalued right now.
Some key fundamental growth stats you should know about (past 90 days):
// TVL ~ $2.5B / +78% growth
// Fees ~ $56.2M… pic.twitter.com/RMIlullA9W
Fees generated by the platform grew 214% to $56.2 million, while monthly JUP trade volume soared 265% to $6 billion. Additionally, daily active users increased by 86% to 686,000, and total traders jumped 220% to three million. These metrics underscore Jupiter’s expanding ecosystem and strong market participation.
Jupiter recently conducted a token burn, removing $3 billion worth of JUP from circulation in a community-driven event. Following this, the project announced plans to allocate 50% of its protocol fees toward buying back JUP from the market. This deflationary approach could tighten supply and drive upward pressure on the token’s price.
Read also: Cardano (ADA) Shows Signs of Potential Price Surge as Key Indicator Turns Bullish
JUP’s Market Performance and Price Predictions
According to CoinGecko, JUP trades around $1.21, marking a 25.24% increase in the past day and a 34.71% gain over the past week. Coinpedia Markets reported that JUP recently hit $1.26 before consolidating between $0.9134 and $1.25.
Moreover, the analysts at Coinpedia suggest that a sustained break above $1.1468 could trigger a rally toward a new high of $1.3157. The token remains above the 10 and 30-day moving averages, indicating strong bullish sentiment.
$JUP is making moves! In just 24 hours, #Jupiter hits the $1.26 mark, currently trading at $0.97(+7.24%).📈
— Coinpedia Markets (@MarketCoinpedia) January 27, 2025
Is it the Buy/Sell time❓👀#JUP is breaking down after a breakout move to the upper side of the consolidation zone between $0.9134 – $1.25.
The price is still strong as… pic.twitter.com/vsqgJcDPVA
Jupiter’s ongoing development includes the launch of V2 features and the establishment of a $10 million AI fund. The project also acquired Moonshot and SonarWatch, reinforcing its expansion strategy.
Additionally, Jupiter reported $102 million in revenue in 2024, ranking seventh among Solana DApps. A recent two-week period alone accounted for 40% of its previous year’s total revenue, signaling significant adoption and growth. Hence, with strong fundamentals, strategic initiatives, and growing market confidence, Jupiter’s token appears set for a major price movement.
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