Jupiter is a cryptocurrency that aims to enhance data privacy and security through its unique blockchain technology. By integrating decentralized applications, Jupiter provides users with tools to protect their personal information from unauthorized access. Its innovative approach to enhancing digital privacy makes it a noteworthy project in the ever-evolving world of cryptocurrencies.
Jupiter (JUP) has positioned itself as a noteworthy cryptocurrency with interesting prospects and challenges. Though relatively young, it has garnered considerable attention within the crypto community. In this article, we delve into the historical progression, strengths, weaknesses, and future outlook of Jupiter Coin.
Jupiter is a cryptocurrency that has experienced both highs and lows since its inception. Notably, it reached an all-time high (ATH) of $2 on January 31, 2024. However, since then, it has seen a decline, with a current price of $1.064, reflecting a 46.83% drop from its ATH. Conversely, the currency hit an all-time low (ATL) of $0.457464 on February 21, 2024, but has since rebounded by 132.45%.
This volatility underscores the unpredictable nature of the crypto market and highlights the resilience of Jupiter in recovering from significant drops.
One of the main advantages of Jupiter Coin is its substantial market cap of over $1.43 billion, indicating its popularity and trust among investors. Furthermore, its trading volume of $578,793,642 suggests a robust interest and liquidity in the market. With a circulating supply of 1.35 billion JUP and a total and max supply pegged at 10 billion, there is still significant room for growth.
Moreover, Jupiter's recent 10% price increase in just 24 hours showcases its potential for short-term gains. This swift upward movement can attract speculative investors looking for quick returns.
Despite its strengths, Jupiter Coin also faces certain challenges. The high percentage drop from its ATH signals the presence of significant market volatility. Such fluctuations can deter risk-averse investors who prefer more stable investments. Furthermore, the substantial available supply might dilute the coin's value over time if demand does not keep pace with supply.
Additionally, the cryptocurrency market is highly competitive with numerous alternatives vying for attention, potentially overshadowing Jupiter's progress.
Looking ahead, Jupiter holds promising future prospects. Given its current pricing and recovery potential, it may attract investors seeking undervalued assets. If the development team continues to innovate and market trends remain favorable, Jupiter could experience substantial growth.
However, prospective investors should remain cautious and conduct thorough research, as the crypto market is influenced by myriad factors including regulatory changes, technological advancements, and macroeconomic conditions.
In conclusion, while Jupiter Coin demonstrates potential for future growth, it also presents an array of challenges that must be navigated carefully. For those willing to assume the associated risks, Jupiter offers an intriguing opportunity within the cryptocurrency domain.
from price
$1
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General Information |
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Title
Jupiter
|
Symbol
jup
|
Whitepaper
-
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Website
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Community
-
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Last Updated
2025-01-21 23:53
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Price Data |
Current Price $
0.880371
$
|
High 24h
0.942161
$
|
Low 24h
0.851989
$
|
Price Change 24h
-0.061789816452324
$
|
Price Change % 24h
-6.55831
%
|
Market Data |
Market Cap
1483025645
|
Total Volume
296353335
|
Market Cap Change 24h
-116427210.86945
|
Market Cap Change % 24h
-7.27919
%
|
Return on Investment (ROI)
-
|
Supply and Availability |
Circulating Supply
1686443547.6058
|
Total Supply
10000000000
|
Max Supply
10000000000
|
Historical Data |
All Time High (ATH)
2
|
ATH Change %
-55.96053
%
|
ATH Date
2024-01-31 15:02
|
All Time Low (ATL)
0.457464
|
ATL Change %
92.53869
%
|
ATL Date
2024-02-21 18:31
|