A well-liked crypto analyst is singling out what he thinks might 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 – 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 trade hit a report 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 word that we aren’t optimizing for hype or worth or good worth discovery, so please save your eyes if you happen to count on any of the above. We won’t give attention to these short-sighted optimizations. This opinion, whereas unpopular with many in neighborhood and CT, is an hill I’ll die on.
As an alternative, we are going to focus JUPUARY for studying with everybody brazenly on methods to launch a token on chain that aligns the wants of airdrop recipients, patrons, merchants, group funding wants, bots and the remainder of ecosystem. We may have launch check events, do numerous explainers, share scaling plans brazenly, host a variety of discussions within the subsequent 3 weeks and do a autopsy.”
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