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A preferred crypto analyst is singling out what he thinks will probably 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 trade (DEX) Jupiter launches a token.
Jupiter is a swap aggregator and perpetual trade 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 trade – keep in mind there isn’t any JUP token on the market proper now, so don’t go purchase a pretend one, there are about 10 pretend ones – however the Jupiter trade 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 count on the JUP launch to occur within the fourth week of January.
“Earlier than we begin, one ought to observe that we aren’t optimizing for hype or value or good value discovery, so please save your eyes in case you count on any of the above. We is not going to deal with 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 overtly on learn how to launch a token on chain that aligns the wants of airdrop recipients, consumers, merchants, staff funding wants, bots and the remainder of ecosystem. We could have launch take a look at events, do numerous explainers, share scaling plans overtly, host quite a lot of discussions within the subsequent 3 weeks and do a autopsy.”
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