The host of the InvestAnswers YouTube channel believes that cryptocurrency projects will perform strongly as long as they run on the Solana (SOL) network.
The InvestAnswers host tells his 472,000 YouTube subscribers that decentralized exchange (DEX) aggregator Jupiter (JUP) could surge “conservatively between 4x and 8x.”
A trader’s big price predictions come from an analysis of Jupiter’s fundamentals. According to the InvestAnswers host, Jupiter is witnessing strong network activity based on trading volume and number of monthly active users.
“If this is successful, if this DEX dominates all business, the CMC charts will skyrocket. And it is currently at (position) 71 on CoinMarketCap. It was just released. 71.
If you look at all the assets over 71, none of them have this much monthly active users, this volume, or this much growth. Every single indicator blows every indicator above it out of the water. Therefore, I am confident that it will continue to rise as long as it does not collapse.”
Crypto analysts also say that Jupiter does all the work and solves many of the pain points experienced over the years using various decentralized exchanges.
“You can do swaps, perpetual contracts (Perps), leveraged trading, dollar cost averaging, cross bridges, etc. I think there are 6,000 pairs available for trading. And you can do this in real time and without friction.
“This has been my dream since 2020 after working at a decentralized exchange in the past and going through the painful experience of handling wallets and paying exorbitant fees.”
Jupiter is trading at $0.582 at the time of this writing.
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