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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