Jupiter Coin: A Worthy Investment?

Jupiter is a cryptocurrency exchange platform on the Solana blockchain. It offers features such as token swapping, limit orders, dollar-cost averaging, and a bridge for asset transfers to Solana. The network's native cryptocurrency, JUP, hasn't made a significant impact on the crypto market yet, but as a coin of an innovative project with an active development team, it has the potential to reach new price levels in the future.

The current Jupiter sentiment is bearish, and it is not currently considered a profitable investment. However, some crypto enthusiasts on Reddit believe that Jupiter has a very explosive future, comparing it to Uniswap and Ethereum.

This article will explore the potential of Jupiter as an investment, considering its price history, market sentiment, and expert predictions.

Jupiter's price history

Jupiter (JUP) is a decentralised exchange (DEX) aggregator that allows users to swap tokens at optimal prices with low slippage and transaction fees in the Solana ecosystem. It also provides users with optimal routes for direct swaps between multiple exchanges and liquidity pools.

On 24 August 2024, the live Jupiter price is $0.916145 USD, with a 24-hour trading volume of $89,063,490 USD. The current CoinMarketCap ranking is #58, with a live market cap of $1,236,795,790 USD.

The highest price paid for Jupiter (JUP) was BTC0.00004666, recorded on 31 January 2024. The current price is 61.20% lower than the all-time high price. The lowest price paid for Jupiter (JUP) was BTC0.058004, recorded on 21 February 2024. The current price is 69.60% higher than the all-time low price.

Jupiter has recently announced JupSOL, the highest-yield LST on Solana, featuring trustless delegation to Jupiter's Validator. JUP has risen above $1.8 following the initiation of CWG's budget proposal, which is currently in the voting process.

Jupiter's market cap

Jupiter Coin (JUP) is a cryptocurrency that powers the Jupiter blockchain. It is designed to be the "people's blockchain", with a focus on accessibility, security, and usability. The Jupiter Project aims to make blockchain technology accessible and safe for everyone by utilising military-grade encryption to ensure user data privacy and security.

The current market cap of Jupiter Coin is difficult to determine due to varying information from different sources. CoinMarketCap, for example, does not provide a market cap figure, while CoinGecko reports a market cap of $2.207 trillion. CoinGecko also provides a fully diluted valuation (FDV) figure, which is a theoretical market cap assuming the maximum number of 10 billion JUP tokens are in circulation. This figure stands at BTC129,882.2345.

The discrepancy in market cap figures may be due to the fact that the circulating supply of JUP tokens is unclear. CoinMarketCap states that the circulating supply is "not available", while CoinGecko reports 1.4 billion tokens in circulation.

It is worth noting that the price of Jupiter Coin has been volatile, and the cryptocurrency market as a whole is highly speculative. As such, the market cap of Jupiter Coin can fluctuate significantly over time.

When considering investing in Jupiter Coin or any other cryptocurrency, it is important to remember that the market is extremely volatile, and the risk of loss is high. It is always recommended to conduct your own research and consult with a financial advisor before making any investment decisions.

Jupiter's trading volume

Jupiter is a decentralised cryptocurrency exchange that was established in 2021. It is the key liquidity aggregator for Solana and offers the widest range of tokens and the best route discovery between any token pair.

Jupiter's 24-hour trading volume is $208,132,414.96, a change of 11.39% in the last 24 hours. The most active trading pair is USDC/SOL with a 24-hour volume of $67,804,754.31.

The price of Jupiter (JUP) is calculated in real-time by aggregating the latest data across 78 exchanges and 257 markets, using a global volume-weighted average formula. The trading volume of Jupiter (JUP) is $61,919,905.07 in the last 24 hours, representing a 19.80% decrease from one day ago and signalling a recent fall in market activity.

Jupiter's Fear & Greed Index

• Stock Price Momentum: This measures the S&P 500 against its 125-day moving average.
• Stock Price Strength: The number of stocks hitting 52-week highs versus those hitting 52-week lows on the NYSE.
• Stock Price Breadth: Analysing the trading volumes in rising stocks against declining stocks.
• Put and Call Options: The extent to which put options lag behind call options, indicating fear, or vice versa.
• Junk Bond Demand: Measures the spread between yields on investment-grade bonds and junk bonds.
• Market Volatility: The CBOE's Volatility Index (VIX) based on a 50-day moving average.
• Safe Haven Demand: The difference in returns for stocks versus treasuries.

Each of these indicators is given an equal weight in calculating the overall score for the Fear & Greed Index, which ranges from 0 to 100, with 0 representing maximum fear and 100 representing maximum greed. A score of 50 is deemed neutral. As of August 2024, the Jupiter Fear & Greed Index score was 31, indicating a "Fear" sentiment among investors.

The Fear & Greed Index is a useful tool for investors to assess market sentiment and make more informed investment decisions. However, it is important to note that it should not be the only tool used and should be combined with other analytical tools and research.

Jupiter's price prediction for 2025

Jupiter (JUP) is a decentralised exchange (DEX) aggregator that allows users to swap tokens at optimal prices with low slippage and transaction fees in the Solana ecosystem. It also provides users with optimal routes for direct swaps between multiple exchanges and liquidity pools.

JUP tokens can be traded on centralised crypto exchanges such as Gate.io, Binance, and DigiFinex.

Jupiter Price Prediction for 2025

According to CoinCodex, the Jupiter price prediction for 2025 is between $0.82515 on the lower end and $3.89 on the high end. Compared to today's price, Jupiter could gain 374.69% by 2025 if it reaches the upper price target.

WalletInvestor predicts a breakthrough in 2025, leading to a price rise to $2.058. On the other hand, TradingBeast predicts a decline in Jupiter's price, quoting prices around $0.4326 in 2025.

PricePrediction.net forecasts the coin's price to go above $0.8205 by the end of 2025, while Forecasting Jupiter's future, WalletInvestor expects further growth, saying the Jupiter price will reach ~$2.576 by that time.

Based on the historical price movements of Jupiter and the BTC halving cycles, the yearly low Jupiter price prediction for 2025 is estimated at $0.82515.

Should You Invest in Jupiter?

It is important to note that the information provided is for general informational purposes only and should not be considered investment advice.

As of 14 August 2024, the general Jupiter price prediction sentiment is bearish, with 2 technical analysis indicators signalling bullish signals and 16 signalling bearish signals. The current sentiment is Bearish while the Fear & Greed Index is showing 30 (Fear).

Over the last 30 days, Jupiter has had 14/30 (47%) green days with 11.04% price volatility. Based on the Jupiter forecast, it's now a bad time to buy Jupiter.

Frequently asked questions