Jupiter Price Prediction as Solana Airdrop Creates a New Crypto Unicorn – How to Check JUP Eligibility?
Jupiter Designate Prediction as Solana Airdrop Creates a New Crypto Unicorn – Easy systems to Compare JUP Eligibility?
Solana-primarily based decentralized alternate (DEX) aggregator Jupiter compatible launched a huge airdrop of its native Jupiter (JUP) token, with the Jupiter stamp therefore storming better to flip the protocol into crypto’s most modern unicorn.
A crypto unicorn is printed as a venture/token with a market cap of over $1 billion.
As per DEXTools’, the Jupiter stamp modified into once final around $0.65, giving it a market cap of compatible under $1 billion.
Nonetheless given compatible 1.35 billion tokens are at the present circulating out of a total of 10 billion, the protocol’s entirely diluted market cap modified into once final around $7.18 billion.
The Jupiter airdrop went dwell at 1000 am EST.
On decentralized exchanges, the Jupiter stamp hasty pumped around 70% from around $0.41.
As per a Flipside dashboard, 47.3% of the 1 billion airdropped JUP tokens had been claimed by eligible wallets.
As per Airdrop Reliable, 955,000 wallets were eligible to receive JUP tokens.
🪂 Right here is some data regarding the Jupiter token and airdrop:
– Filled with 10 billion $JUP tokens.
– 955,000 wallets that interacted with Jupiter earlier than Nov 2nd are eligible.
– 40% distributed to 4 rounds of airdrops, with 10% within the first round (1 billion tokens). https://t.co/RfJq8i2lL9— Airdrop Reliable 🦇🔊 (@its_airdrop) December 1, 2023
Jupiter’s JUP token will seemingly be dropped via 4 separate airdrop events.
Allegedly, a 17-One year-extinct revamped $1 million via the Jupiter aidrop.
Not doubtless data as of late! A 17-One year-extinct compatible rocked the crypto world by earning over $1,000,000 with $JUP Airdrop!
— Elja (@Eljaboom) January 31, 2024
Easy systems to Compare JUP Eligibility?
Solana community users can verify their availability to receive free JUP tokens via Solana Airdrop Checker.
All they have to fabricate is post their Solana pockets deal with into the set apart of living and hit enter.
The salvage pages will then repeat them what, if any, Solana airdrops they are eligible for.
If eligible, Solana users can head over to Jupiter’s LFG Launchpad, join their pockets and claim their tokens.
Jupiter Designate Prediciton – Where Next for JUP?
Given the JUP token is barely on its first day of alternate, chart diagnosis is amazingly unhelpful for searching for to predict the long flee Jupiter stamp.
Searching at the protocol’s tokenomics and fundamentals is a better starting up level.
On the day of its token launch, Jupiter’s DEX quantity surpassed $1 billion for the first time this month.
Weekly trading volumes could per chance also this week improve relieve to the highs considered in December around $4-5 billion.
These are astronomical trading volumes, mighty of a DEX with a market cap within the multiples of billions.
Ultimately, the long flee path of Jupiter’s trading volumes will seemingly possess the superb affect on the Jupiter stamp’s long-time interval outlook.
Nonetheless doubtless merchants will possess to aloof keep in mind the ever-repeat menace that airdrop hype has resulted in an over-inflation of the JUP stamp.
That could per chance also lunge away JUP ripe to a transient-time interval pullback.
If the Jupiter stamp falls relieve in direction of $0.40, right here’s in most cases a nice dip for the longer-time interval bulls to aquire.
Source : cryptonews.com
