Token

Jupiter Perps LP

Jupiter

<p>After reaching its peak value of $2.04 on January 31, the Jupiter price has undergone a decline, plummeting by 69%.</p>
<p>At the end of January, the new Solana-based token, Jupiter, made its debut, sparking excitement among enthusiasts as the leading <a href="https://insidebitcoins.com/buy-cryptocurrency/best-crypto-exchanges" rel="noopener noreferrer nofollow">cryptocurrency exchange</a> and trading platform, <a href="https://insidebitcoins.com/buy-cryptocurrency/upcoming-binance-listings" rel="noopener noreferrer nofollow">Binance</a>, announced the listing of Jupiter’s native token, $JUP, featuring Seed Tag.</p>
<p>This listing enables traders to access various $JUP trading pairs, including JUP/USDT, JUP/TRY and&nbsp; JUP/FDUSD, thereby enhancing the accessibility and liquidity of Jupiter’s token. Despite initially surging from $0.005 to $2.00, $JUP has undergone significant fluctuations over the past week.</p>
<h2 id="jupiter-s-approach-to-liquidity-aggregation-and-governance">Jupiter’s Approach to Liquidity Aggregation and Governance</h2>
<p>Jupiter tackles a significant hurdle in the <a href="https://insidebitcoins.com/buy-cryptocurrency/best-defi-coins" rel="noopener noreferrer nofollow">DeFi</a> sector by addressing the necessity for efficient liquidity aggregation across various financial instruments such as token swaps, perpetual futures, and decentralized stablecoins.</p>
<p>As one of the leading DeFi tools on the Solana blockchain, Jupiter aims to streamline and enhance trading activities within the DeFi realm. Essentially, Jupiter operates as a liquidity aggregator, consolidating resources from multiple sources to facilitate seamless and efficient token swaps.</p>
<p>By directing orders across several Solana-based exchanges, Jupiter ensures users obtain the optimal price for their assets during trades.</p>
<p><iframe title="Jupiter Token Price Prediction | Jupiter JUP News (URGENT)" width="640" height="360" src="https://www.youtube.com/embed/LL1R2NmoC3c?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p>Initially focusing on aggregating liquidity for token swaps, similar to its counterparts on Ethereum, Jupiter has expanded its services to encompass perpetual futures trading, thereby broadening its reach and utility within the DeFi ecosystem.</p>
<p>Governance of the platform is driven by its native token, $JUP, which enables community members to participate in key decision-making processes and policies. This encompasses areas such as liquidity strategies, token issuance, and ecosystem initiatives.</p>
<p>The decentralized governance model aligns with the principles of DeFi, empowering users and stakeholders in the platform’s evolution.</p>
<h2 id="jup-crypto-price-prediction">$JUP Crypto Price Prediction</h2>
<p>As of February 12th, the price of Jupiter stands at $0.507, with a 24-hour trading volume of $438.44 million and a market capitalization of $685.11 million. Over the past 24 hours, the $JUP price has decreased by -0.70%. Jupiter’s 14-day RSI currently sits at 27.70, indicating an overvalued status for $JUP at present.</p>
<p>According to today’s classical pivot level at $0.510, Jupiter has support levels at $0.499, $0.492, and its strongest support at $0.480. Correspondingly, resistance levels for Jupiter are noted at $0.517, $0.528, and $0.535.</p>
<p><img decoding="async" class="alignnone size-full wp-image-480191" src="https://insidebitcoins.com/wp-content/uploads/2024/02/jupiter-crypto-1-day-price-graph.png" alt="Jupiter Crypto 1 Day Price Graph" width="1920" height="1080" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/jupiter-crypto-1-day-price-graph.png 1920w, https://insidebitcoins.com/wp-content/uploads/2024/02/jupiter-crypto-1-day-price-graph-300x169.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/jupiter-crypto-1-day-price-graph-1024x576.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/jupiter-crypto-1-day-price-graph-768x432.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/02/jupiter-crypto-1-day-price-graph-1536x864.png 1536w" sizes="(max-width: 1920px) 100vw, 1920px"></p>
<p>Looking ahead to Jupiter’s future, experts maintain optimism regarding the price trajectory of $JUP in 2024. Bullish forecasts predict $JUP reaching $1, fueled by expectations of an upcoming bull run and its listing on Binance.</p>
<p>In contrast, more cautious forecasts suggest that if bearish market sentiments persist, $JUP’s price may struggle to surpass the $0.853 mark.</p>
<p>View the video above for detailed analysis of Jupiter crypto price predictions, and subscribe to his <a href="https://www.youtube.com/@JacobCryptoBury" rel="noopener noreferrer nofollow">YouTube channel</a> for additional crypto-related content. Jacob Crypto Bury also moderates a <a href="https://insidebitcoins.com/visit/jacob-crypto-bury-discord" rel="noopener noreferrer nofollow">Discord channel</a> with 20,000 members, providing trading advice and insights into <a href="https://insidebitcoins.com/buy-cryptocurrency/new-upcoming-icos" rel="noopener noreferrer nofollow">upcoming crypto presales. </a></p>
<h2 id="jupiter-s-advancements-in-defi-spl-22-integration-and-lfg-launchpad-expansion">Jupiter’s Advancements in DeFi – SPL-22 Integration and LFG Launchpad Expansion</h2>
<p>Integration of SPL-22 into Jupiter Swap sets a new standard for DeFi platforms, facilitating seamless swaps between any SPL token and SPL2. This integration not only brings technical improvements but also revolutionizes user experience and liquidity utilization.</p>
<p>Traders can now directly access SPL-22’s enhanced features on Jupiter Swap, bypassing external tools. Furthermore, the inclusion of SPL22 in Jupiter’s routing system greatly benefits liquidity providers, as liquidity on SPL22 tokens can be easily accessed during swaps, ensuring better price execution and reduced slippage.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Happy to share that we have integrated SPL22 natively into Jupiter Routing!</p>
 <p>Users can now swap any SPL token to SPL22 and vice versa, natively on Jupiter Swap. Traders will also benefit from liquidity on SPL22s when swapping regularly. <a href="https://t.co/GIRL2JHuRC" rel="noopener noreferrer nofollow">pic.twitter.com/GIRL2JHuRC</a></p>
 <p>— Jupiter 🪐 (@JupiterExchange) <a href="https://twitter.com/JupiterExchange/status/1757011690540163095?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 12, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>This contributes to increased liquidity and volume, creating a positive cycle that benefits the ecosystem. Additionally, Jupiter is expanding its offerings by introducing <a href="https://insidebitcoins.com/buy-cryptocurrency/new-cryptocurrency" rel="noopener noreferrer nofollow">new tokens</a> through the LFG launchpad.</p>
<p>Serving as a bridge between promising projects and the investor community, the launchpad meticulously selects high-potential projects, ensuring that only the most innovative and <a href="https://insidebitcoins.com/cryptocurrency/most-promising-cryptocurrencies" rel="noopener noreferrer nofollow">promising crypto</a> are showcased.</p>
<p>This safeguards investors and upholds a high standard of quality. Consequently, the launch of the LFG launchpad applications is eagerly anticipated by both project developers and investors.</p>
<h3 id="related">Related</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/jupiter-price-prediction-solana-token-jup-drops-again-as-this-new-solana-meme-coin-rides-the-year-of-the-dragon-after-explosive-launch" rel="noopener noreferrer nofollow">Jupiter Price Prediction: Solana Token JUP Drops Again As This New Solana Meme Coin Rides The Year Of The Dragon After Explosive Launch</a></li>
 <li><a href="https://insidebitcoins.com/news/top-trending-cryptos-on-solana-chain-today-anita-max-wynn-wen-jupiter-perps-lp" rel="noopener noreferrer nofollow">Top Trending Cryptos on Solana Chain Today &amp;#8211; Anita Max Wynn, WEN, Jupiter Perps LP</a></li>
 <li><a href="https://insidebitcoins.com/news/jupiter-price-prediction-solana-token-jup-plunges-8-as-traders-turn-to-this-new-green-crypto-for-10x-potential" rel="noopener noreferrer nofollow">Jupiter Price Prediction: Solana Token JUP Plunges 8% As Traders Turn To This New Green Crypto For 10X Potential</a></li>
 <li><a href="https://insidebitcoins.com/news/jupiter-price-prediction-solana-token-jup-bounces-back-with-8-surge-but-analysts-say-consider-meme-coin-spongev2-on-polygon-for-100x-gains" rel="noopener noreferrer nofollow">Jupiter Price Prediction: Solana Token JUP Bounces Back With 8% Surge, But Analysts Say Consider Meme Coin SpongeV2 On Polygon For 100X Gains</a></li>
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$JUP Crypto Price Prediction – Improved Token Swaps on Jupiter Exchange

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