Token

Jupiter

<p>The governance token of the Jupiter decentralized exchange aggregator, JUP, has resumed its bullish momentum after a period of downward slope. Over the last 24 hours, JUP has rallied 12% continuing the uptrend it had immediately after its airdrop distribution on January 31st.</p>
<p>Launched just 16 days ago, the total supply of JUP is 10 billion, with 4 billion set to be airdropped to eligible Jupiter platform users. JUP allows holders to participate in decision-making and contribute to the development of the platform.</p>
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<p><strong>Dollar-Cost Average Spot Buys Recommended </strong><br><a href="https://twitter.com/EfloudTheSurfer/status/1758029929134821843?t=CigzFgLHmBszmW9PyF662A&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">According to analyst Efloud, </a>given the nascency of the JUP token, its price chart has a high probability of deviation. As such, he advises avoiding unnecessary risks by dollar-cost averaging spot buys instead of leveraged positions.</p>
<p>“I recommend spot buying, I advise you to avoid unnecessary risks. I have read and heard a lot of good fundamental information about the project, so I bought a small amount as an investment (average $0.5),” Efloud tweeted.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="533" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-551-1024x533.png" alt="" class="wp-image-438583" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-551-1024x533.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-551-300x156.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-551-766x399.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-551-1536x800.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-551-2048x1066.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-551-288x150.png 288w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-551-100x52.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-551-672x350.png 672w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-551-788x410.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><strong>JUP Price Chart Shows Potential Bottom</strong><br>Further analysis of the JUPUSDT chart shows a potential fractal bottom pattern could have emerged, noting key levels that could propel a move to test prior imbalance highs if surpassed. However, analyst Efloud cautions further upside depends on a decisive breakout from the current channel.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="465" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-552-1024x465.png" alt="" class="wp-image-438591" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-552-1024x465.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-552-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-552-767x348.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-552-1536x697.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-552-2048x929.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-552-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-552-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-552-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-552-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-552.png 1823w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>After an initial spike, JUP stabilized over the past week between $0.40-$0.60 as buyers returned following extreme post-launch volatility. Its renewed uptrend will need to be monitored to gauge sustainability.</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-explains-safest-way-to-buy-jupiters-jup-as-token-bounces-off-bottom/" rel="noopener noreferrer nofollow">Analyst Explains Safest Way to Buy Jupiter’s JUP as Token Bounces Off Bottom</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Explains Safest Way to Buy Jupiter’s JUP as Token Bounces Off Bottom

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