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 need to name it. Jupiter trade – keep in mind there isn’t a JUP token on the market proper now, so don’t go purchase a faux one, there are about 10 faux 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 observe that we aren’t optimizing for hype or value or excellent value 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 overtly on launch a token on chain that aligns the wants of airdrop recipients, consumers, merchants, workforce funding wants, bots and the remainder of ecosystem. We may have launch check events, do plenty of explainers, share scaling plans overtly, host lots of discussions within the subsequent 3 weeks and do a autopsy.”
I
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Verify Price Action
Observe us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Day by day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any loses chances are you’ll incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in affiliate marketing online.
Generated Picture: Midjourney