Solana

Jupiter

Sponge

Polygon

<p><span style="font-weight: 400;">The Jupiter price tumbled 6.45% in the last 24 hours </span><a href="https://coinmarketcap.com/currencies/jupiter-ag/"><span style="font-weight: 400;">to trade at $0.5181</span></a><span style="font-weight: 400;"> as of 06:29 a.m. EST on trading volume that dropped 18.4% to $227 million.</span></p> 
<p><span style="font-weight: 400;">The drop in the JUP price now represents a 66% plunge since its listing last week as analyst The Crypto Van on X suggests that the launch mechanics of the Solana token were misunderstood.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">The <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$JUP</a> situation has stirred up a mix of perspectives. The mechanics of this launch were misunderstood due to new dynamics. The substantial demand pushed <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$JUP</a> to $0.7, a level that disrupted the usual price predictions. <a href="https://twitter.com/JupiterExchange?ref_src=twsrc%5Etfw">@JupiterExchange</a>'s DLMM price settings created a…</p> 
 <p>— The Crypto Van (@Vandogg) <a href="https://twitter.com/Vandogg/status/1754604076782739608?ref_src=twsrc%5Etfw">February 5, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">JUP is not the first token on Solana to experience a price retrace after a major airdrop. WEN experienced a similar scenario, dropping over 23% of its price shortly after the end of its airdrop campaign in January.&nbsp;</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Solana's WEN coin takes a wild ride, plummeting 23% after a $35 million token burn from unclaimed airdrop tokens. The move cuts WEN supply, causing price fluctuations, now at $0.0001398. Solana's DeFi trading rises ahead of Jupiter token airdrop.</p> 
 <p>— BlockVoyager (@BlockVoyagerAIO) <a href="https://twitter.com/BlockVoyagerAIO/status/1752129546667893165?ref_src=twsrc%5Etfw">January 30, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">The current JUP price movements suggest an entry, with analysts suggesting that the price will hit $1 soon and that now may be the best time to buy.&nbsp;</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Today’s <a href="https://twitter.com/search?q=%24JUP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$JUP</a> price is not tomorrows</p> 
 <p>If you don’t buy SOON, you’ll buy at a higher price. </p> 
 <p>Retracement to the 78.6%. Orginally i thought it would bounce on the 61.8% but it didn’t. </p> 
 <p>A retracement to these levels means mass liquidity coming soon. <a href="https://t.co/lZ2huNmkGc">pic.twitter.com/lZ2huNmkGc</a></p> 
 <p>— The Crypto Soup™️ (@goudas16) <a href="https://twitter.com/goudas16/status/1754604844281639098?ref_src=twsrc%5Etfw">February 5, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="span-style-font-weight-400-jupiter-price-on-a-downtrend-forms-a-double-bottom-pattern-span"><span style="font-weight: 400;">Jupiter Price On A Downtrend, Forms A Double Bottom Pattern</span></h2> 
<figure id="attachment_478479" aria-describedby="caption-attachment-478479" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-478479" src="https://insidebitcoins.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-06_14-29-38.png" alt="Jupiter Price Chart Analysis Source: Tradingview.com" width="1281" height="565" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-06_14-29-38.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-06_14-29-38-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-06_14-29-38-1024x452.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-06_14-29-38-768x339.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-478479" class="wp-caption-text">
  JUPUSD Chart Analysis Source: Tradingview.com
 </figcaption>
</figure> 
<p><span style="font-weight: 400;">The Jupiter price is trading on a downward trajectory after experiencing a slight markup phase, where the bulls retested the $0.567 resistance mark before experiencing a challenge.</span></p> 
<p><span style="font-weight: 400;">JUP has since dropped to form a double bottom pattern, with the $0.52 level playing as the critical support.</span></p> 
<p><span style="font-weight: 400;">The Jupiter price is trading below both the 50-day and 200-day Simple Moving Averages, coinciding with the downward trend of the price.</span></p> 
<p><span style="font-weight: 400;">The Relative Strength Index (RSI) is on a downward turn toward the 30-oversold level at 36, indicating intense selling pressure.</span></p> 
<p><img decoding="async" class="alignnone size-full wp-image-478480" src="https://insidebitcoins.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-06_14-30-43.png" alt="" width="1281" height="565" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-06_14-30-43.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-06_14-30-43-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-06_14-30-43-1024x452.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/JUPUSDT_2024-02-06_14-30-43-768x339.png 768w" sizes="(max-width: 1281px) 100vw, 1281px"></p> 
<p><span style="font-weight: 400;">Additionally, the Moving Average Convergence Divergence (MACD) line is trading slightly below the signal line (orange), which indicates a possible price reversal. The histogram shows green bars increasing in height, which reinforces the bullish prospects.</span></p> 
<p><span style="font-weight: 400;">The Average Directional Index (ADX) is at 25.72, suggesting a moderate bullish trend strength.</span></p> 
<h2 id="span-style-font-weight-400-jupiter-price-prediction-span"><span style="font-weight: 400;">Jupiter Price Prediction</span></h2> 
<p><span style="font-weight: 400;">The current Jupiter price short-term technical analysis suggests that the market has bullish momentum, as affirmed by the formation of a double-bottom pattern. The bulls may use this footing as a cushion, driving the prices up to test the $0.5692 resistance level.</span></p> 
<p><span style="font-weight: 400;">However, the ADX is still below 30 as it heads north, which may suggest the start of a strong trend, insinuating a likely rebound.</span></p> 
<p><span style="font-weight: 400;">If the bears continue exerting pressure, the price may retrace back to the crucial support level of $0.45.</span></p> 
<p><span style="font-weight: 400;">Meanwhile, as the JUP bulls look for an entry, Sponge V2 is emerging as a compelling presale with a promise of another 100x.&nbsp;</span></p> 
<p><span style="font-weight: 400;">Especially with the Solana network down on Feb. 6, investors are shifting their focus away from meme coins on the Solana chain and directing their investments toward Ethereum projects like Sponge V2.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Solana seems to be down…Uh oh <a href="https://t.co/mGDNuSuW6h">pic.twitter.com/mGDNuSuW6h</a></p> 
 <p>— Gumshoe (@0xGumshoe) <a href="https://twitter.com/0xGumshoe/status/1754809329864057107?ref_src=twsrc%5Etfw">February 6, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="span-style-font-weight-400-buy-sponge-v2-with-100x-possible-returns-span"><span style="font-weight: 400;">Buy $SPONGE V2 With 100X Possible Returns</span></h2> 
<p><span style="font-weight: 400;">Missed $SPONGE’s 100x surge last year? You still have an opportunity with </span><a href="https://insidebitcoins.com/visit/sponge" rel="nofollow"><span style="font-weight: 400;">Sponge V2</span></a><span style="font-weight: 400;"> before it launches on major exchanges.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Important Information 🌟</p> 
 <p>The exchanges are getting ready to transition from <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPONGE</a> V1 to V2! </p> 
 <p>Check out these articles below!</p> 
 <p>1️⃣ <a href="https://twitter.com/bitgetglobal?ref_src=twsrc%5Etfw">@bitgetglobal</a> <br>👉<a href="https://t.co/by2YqzvyUp">https://t.co/by2YqzvyUp</a></p> 
 <p>2️⃣ <a href="https://twitter.com/mex?ref_src=twsrc%5Etfw">@Mex</a><br>👉 <a href="https://t.co/dMbCUvVuG7">https://t.co/dMbCUvVuG7</a><a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw">#SpongeV2</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw">#Web3</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <a href="https://twitter.com/hashtag/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw">#MemeCoin</a> <a href="https://t.co/hHSWtAurPJ">pic.twitter.com/hHSWtAurPJ</a></p> 
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1754449834248192221?ref_src=twsrc%5Etfw">February 5, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Sponge V1 saw a massive surge, hitting a $100 million market cap with over 13,000 holders, attracting major players in the industry, including Tron Founder Justin Sun.</span></p> 
<p><span style="font-weight: 400;">Sun has shown interest in trading meme coins that show potential, which made him buy $SPONGE tokens now worth about $90,000. Sponge V2 aims to emulate this success and even more.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">I've decided to begin actively trading meme coins and promising projects through my public address. Please note, I will personally bear all potential losses from these trades, and any profits made will be donated entirely to charity.</p> 
 <p>— H.E. Justin Sun 孙宇晨 (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1656598894158159872?ref_src=twsrc%5Etfw">May 11, 2023</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Sponge V1 was officially discontinued on Feb. 5, with $SPONGE holders being moved to the more secure V2 on the Polygon network.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">📣 Attention, <a href="https://twitter.com/hashtag/SPONGERS?src=hash&amp;ref_src=twsrc%5Etfw">#SPONGERS</a>!</p> 
 <p>Here is some important information to remember about <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPONGE</a> V2!<a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPONGE</a> V1 has officially been discontinued, and V2 has been launched on <a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw">#Polygon</a>! 🔥</p> 
 <p>Learn more about the token details below 👇<a href="https://t.co/TCdxgXx40w">https://t.co/TCdxgXx40w</a></p> 
 <p>🧵1/3 <a href="https://t.co/YZzXOlKmHY">pic.twitter.com/YZzXOlKmHY</a></p> 
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1754826966048657421?ref_src=twsrc%5Etfw">February 6, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="span-style-font-weight-400-stake-sponge-get-rewarded-span"><span style="font-weight: 400;">Stake $SPONGE, Get Rewarded</span></h2> 
<p><span style="font-weight: 400;">After moving, the Sponge V2 token pumped 56%, and now gives investors an opportunity to earn an impressive 7,183% annual percentage yield (APY) by staking $SPONGE tokens.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Exciting news, <a href="https://twitter.com/hashtag/SPONGERS?src=hash&amp;ref_src=twsrc%5Etfw">#SPONGERS</a>! 🌟🧽🧽<a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw">#SpongeV2</a> is now live! Visit our website to buy and stake <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPONGE</a> V2.</p> 
 <p>Check it out below! 👇<a href="https://t.co/nFOSl1ZCD9">https://t.co/nFOSl1ZCD9</a><a href="https://twitter.com/hashtag/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw">#MemeCoin</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw">#Web3</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <a href="https://twitter.com/hashtag/CryptoStaking?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoStaking</a> <a href="https://t.co/T4DCAKhcxF">pic.twitter.com/T4DCAKhcxF</a></p> 
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1754810364863422520?ref_src=twsrc%5Etfw">February 6, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Sponge V2 also brings about new features, with </span><a href="https://insidebitcoins.com/visit/sponge" rel="nofollow"><span style="font-weight: 400;">play-to-earn (P2E)</span></a><span style="font-weight: 400;"> gaming being at the forefront, to attract new investors and players.&nbsp;</span></p> 
<p><span style="font-weight: 400;">The team is anticipating the release of “Sponge Racer,” a game that will come in both free and paid versions.</span></p> 
<p><span style="font-weight: 400;">YouTuber Alessandro De Crypto, having invested in the project himself, believes that Sponge V2 can easily surpass the $100 million cap that was undertaken by Sponge V1.</span></p> 
<p><iframe title="Sponge V2 Presale Update! Buy The Next Meme Now!" width="640" height="360" src="https://www.youtube.com/embed/IAQPhjZUcgE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p> 
<p><span style="font-weight: 400;">To join the presale, visit </span><a href="https://insidebitcoins.com/visit/sponge" rel="nofollow"><span style="font-weight: 400;">the official Sponge V2 website</span></a><span style="font-weight: 400;"> and link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.</span></p> 
<h2 id="span-style-font-weight-400-related-news-span"><span style="font-weight: 400;">Related News</span></h2> 
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 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/where-buy-presale-crypto-unlock-exclusive-early-now-calsona-q7xie"><span style="font-weight: 400;">Where to Buy Presale Crypto: Unlock Exclusive Early Investments Now! 🎉🎉</span></a></li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://www.linkedin.com/pulse/upcoming-crypto-presales-unlock-early-investment-calsona-plu5e"><span style="font-weight: 400;">Upcoming Crypto Presales: Unlock Early Investment Opportunities! 🚀🌟</span></a></li> 
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/best-crypto-presales/"><span style="font-weight: 400;">Best Crypto Presales to Invest in Now for 10x Gains in 2024</span></a></li> 
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Jupiter Price Prediction: Solana Token JUP Still In A Funk After 66% Crash, But Sponge V2 Launch On Polygon Sees 56% Pump As Buyers Stake Fo...

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