A well-liked crypto analyst is singling out what he thinks might be “one of many hottest tokens of the 12 months” in 2024.
In a brand new YouTube video, the nameless host of InvestAnswers tells his 464,000 subscribers to concentrate to when the decentralized change (DEX) Jupiter launches a token.
Jupiter is a swap aggregator and perpetual change constructed on Solana (SOL).
The InvestAnswers host factors to Jupiter’s buying and selling quantity as proof of its momentum.
“That is precisely what you name a black gap or an s-curve or no matter you need to name it. Jupiter change – bear in mind there isn’t a JUP token on the market proper now, so don’t go purchase a pretend one, there are about 10 pretend ones – however the Jupiter change hit a document all-time excessive of $16.64 billion in buying and selling quantity for the month of December.”
Jupiter’s pseudonymous founder, Meow, says on the social media platform X that they anticipate the JUP launch to occur within the fourth week of January.
“Earlier than we begin, one ought to be aware that we’re not optimizing for hype or worth or excellent worth discovery, so please save your eyes for those who anticipate any of the above. We is not going to give attention to these short-sighted optimizations. This opinion, whereas unpopular with many in group and CT, is an hill I’ll die on.
As an alternative, we’ll focus JUPUARY for studying with everybody brazenly on how you can launch a token on chain that aligns the wants of airdrop recipients, consumers, merchants, crew funding wants, bots and the remainder of ecosystem. We can have launch take a look at events, do numerous explainers, share scaling plans brazenly, host a number of discussions within the subsequent 3 weeks and do a autopsy.”
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