Jupiter Spot unifies favorite products into a seamless user interface for easy swaps and orders.
Analysts see significant potential for JUP and SOL tokens, predicting strong future growth.
In a recent tweet, Jupiter introduced Jupiter Spot, a feature that combines all of the user’s favorite items into a single, clean user interface.
Users can simply switch between the Dollar Cost Averaging (DCA) and Value Averaging (VA) methods, as well as place Limit Orders, while engaging with a price chart or reviewing their trade history.
This incident appears to have inspired tremendous interest in the exchange’s native token, JUP, which has risen to the top three gainers list on CoinMarketCap.
At the time of writing, JUP was trading around $1.11, up 9.79% over the last 24 hours on a daily trading volume of $155.87 million. Its market cap is almost $1.5 billion.
From a technical basis, popular analyst World of Charts expects more upside for JUP. According to the analyst’s chart, a successful retest following a bounce from a crucial point could lead to a significant bullish wave in the coming days.
Source: World of Charts on X
This comes as the token broke out of a falling wedge pattern, fueling a bullish narrative based on technical indicators. The analyst expects a robust climb to more than $2, marking a new all-time high.
CNF, on the other hand, has highlighted that the SOL Index is now included in the Jup Research Forum, which will help with its Solana diversification effort. Jupiter launched its Active Staking Prizes (ASR) program on the Solana blockchain earlier this month, and users have received incentives worth about $60 million.
Looking into Solana, popular analyst Ali Martinez believes the SOL token might climb by up to 900% after breaking out of a bull pennant pattern on its weekly chart. This might increase SOL’s price to $1,600 by early 2025.
Meanwhile, SOL’s recent performance is not that good like JUP, as it has increased 3.72% over the last 24 hours to $183.98. This indicates a bullish position during the last seven days, with an increase of 8.02%.
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