A well-liked crypto analyst is singling out what he thinks will likely be “one of many hottest tokens of the yr” 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 wish to name it. Jupiter change – bear in mind there is no such thing as 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 word that we’re not optimizing for hype or value or excellent value discovery, so please save your eyes in case you anticipate any of the above. We is not going to concentrate on 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 are going to focus JUPUARY for studying with everybody overtly on how one can launch a token on chain that aligns the wants of airdrop recipients, patrons, 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 overtly, host a variety of discussions within the subsequent 3 weeks and do a autopsy.”
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