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Home»ALTCOIN NEWS»An upcoming altcoin in the Solana ecosystem could bring one of the ‘hottest tokens of the year’: InvestAnswers
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An upcoming altcoin in the Solana ecosystem could bring one of the ‘hottest tokens of the year’: InvestAnswers

By Crypto FlexsJanuary 5, 20242 Mins Read
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An upcoming altcoin in the Solana ecosystem could bring one of the ‘hottest tokens of the year’: InvestAnswers
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One prominent cryptocurrency analyst singled out a token that he believes will be “one of the hottest tokens of the year” in 2024.

In a new YouTube video, InvestAnswers’ anonymous host tells his 464,000 subscribers to be careful when decentralized exchange (DEX) Jupiter launches a token.

Jupiter is a swap aggregator and perpetual exchange built on Solana (SOL).

InvestAnswers hosts point to Jupiter’s trading volume as evidence of momentum.

“This is what you call a black hole or an S-curve or whatever you want to call it. Jupiter Exchange – Remember there are currently no JUP tokens. So don’t buy fake tokens. There are about 10 fake tokens. However, Jupiter Exchange recorded a record trading volume of $16.64 billion this month. “At the end of December.”

Meow, the creator of Jupiter’s pseudonym Called Social media platform X expects the launch of JUP in the fourth week of January.

“Before we begin, it’s important to note that we are not optimizing for hype or price or perfect price discovery. So, if you expect any of the above, keep your eyes peeled. We will not focus on these short-sighted optimizations. This opinion is unpopular with many in the community and in CT, but this is the hill I will die on.

Instead, we will focus JUPUARY on learning publicly and with everyone how to release tokens on chain that coordinates the needs of airdrop recipients, buyers, traders, team funding requests, bots, and the rest of the ecosystem. We will be holding a launch test party, doing a lot of explaining, sharing our expansion plans publicly, and hosting many discussions and post-mortems over the next three weeks.”

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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