Upcoming Altcoin Launch in Solana Ecosystem Could Usher In One of the ‘Hottest Tokens of the Year’: InvestAnswers
A preferred crypto analyst is singling out what he thinks will probably be “one of the hottest tokens of the year” 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.
“This is exactly what you call a black hole or an s-curve or whatever you want to call it. Jupiter exchange – remember there is no JUP token out there right now, so do not go buy a fake one, there are about 10 fake ones – but the Jupiter exchange hit a record all-time high of $16.64 billion in trading volume 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 in the fourth week of January.
“Earlier than we begin, one ought to be aware that we aren’t optimizing for hype or worth or excellent worth discovery, so please save your eyes in case you count on 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 a substitute, we’ll focus JUPUARY for studying with everybody brazenly on launch a token on chain that aligns the wants of airdrop recipients, patrons, merchants, group funding wants, bots and the relaxation of ecosystem. We can have launch take a look at events, do heaps of explainers, share scaling plans brazenly, host loads of discussions in the subsequent 3 weeks and do a autopsy.”
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