Jupiter has been performing impressively in recent days. The question now is whether JUP can continue its rapid growth and outperform its competitors The Jupiter platform has loudly declared itself in the decentralized exchange (DEX) segment. Jupiter is now the largest DEX aggregator on Solana with over $10 billion in weekly volume. Meanwhile, InQubeta (QUBE) recently surpassed the $12.8 million milestone, marking it as one of the leading ICOs underway. Early QUBE backers have witnessed their investment surge by 300% and are poised to experience up to a 10,000% surge once it hits exchanges.
Jupiter Makes a Significant Change
Jupiter launched its own JUP token back in late January. However, the real breakthrough came only last month. At the same time, the coin has surpassed such cryptocurrencies as Synthetix (SNX) and dYdX (DYDX) in market capitalization. Jupiter is now the fourth largest DEX token with a market capitalization of $2.4 billion. If growth continues, ThorChain (RUNE) could be JUP’s next target.
According to coinmarketcap’s Top Decentralized Exchange (DEX) tokens by market capitalization, Jupiter is currently at the 4th position. Meanwhile, the total market capitalization of this token is now $2.7+ billion, with a 5% correction over the past week. With this balance of power, RUNE may be in danger of losing its place in the ranking to Jupiter. The recent price rise has already defeated the bears who were betting on a correction. In the last three days alone, more than $2.8 million in short positions have been liquidated.
Jupiter (JUP) Price Forecast: should we expect more growth soon?
Currently, Jupiter’s price is close to breaking the $1.80 mark. Successfully taking this barrier would take it to $2.00, marking a new all-time high and marking another 12% rally in JUP. The altcoin has risen from $0.47 to $1.68 at the time of writing, showing an increase of almost 1.7% over the past 24 hours.
The moving average divergence (MACD) indicator also speaks in favor of this scenario. It too is showing bullish sentiment, having recently formed a bullish divergence, indicating a possible continuation of momentum.
However, long contracts are liquidated just as much as short ones, if not more so. This is a sign that volatility is costing the bulls too, which could cause them to retreat for a while. In this case, the price of JUP could fall to $1.40, which would negate the bullish forecasts.
Democratizing AI Investment: The InQubeta Solution
InQubeta (QUBE) is hailed as the premier fresh digital currency for investment. Numerous factors contribute to the substantial success of its presale, inching closer to matching the fundraising achievements of Binance Coin (BNB) during its ICO. These factors encompass the solution it provides by establishing an investment arena that simplifies investment in AI startups.
This tackles the inaccessibility prevalent in traditional investment firms, often associated with prerequisites related to net worth, geographical location, and income. InQubeta’s crowdfunding platform will democratize access, enabling everyone to seize opportunities to invest in artificial intelligence.
Favorable Tokenomics Fueling InQubeta QUBE Rise
InQubeta’s tokenomics is another driver attracting investors to its presale. Many cryptocurrency ventures, such as Shiba Inu, are burdened with unfavorable tokenomics, hindering substantial long-term price appreciation. It’s a key factor why SHIB still trades well below a cent despite its current immense popularity.
QUBE boasts a maximum supply of 1.5 billion, and marketplace burn levies further diminish circulating tokens. This renders QUBE a deflationary asset, poised to appreciate at a swifter pace than projects like Shiba Inu as its market capitalization expands.
Potential Rewards and Long-Term Growth for QUBE
For instance, when QUBE’s market capitalization reaches SHIB’s $18 billion, QUBE could be valued at $12. That’s a significant departure from the present $0.028 tokens in the ninth stage of the presale. A $500 investment in QUBE today could potentially yield over $214,000 in the coming years, presenting ample growth prospects for building generational wealth.
