Bitget, a leading cryptocurrency exchange and Web3 company, has commenced trading Solana-based DEX Jupiter Token (JUP). The Solana community and anticipated airdrop and token listing has been trending across the crypto market.

Solana is poised to enter 2024 with a strong market position. Bitget Research Chief Analyst, Ryan Lee highlighted several key aspects to be considered for its continued growth trajectory such as macro-economic perspectives, Solana’s new DePin (Decentralised Physical Infrastructure Networks) narrative and Solana’s DeFi Ecosystem including Jupiter. Multiple DeFi protocols within the Solana ecosystem are beginning to conduct airdrops for the community. As Solana’s TVL gradually increases, the activity of various protocols is also showing initial signs of growth. In 2024, more DeFi protocols are expected to issue tokens on Solana, further encouraging a greater influx of users into the Solana ecosystem.

Jupiter was developed specifically to facilitate efficient and seamless trading across various decentralised exchanges on the Solana blockchain network. Jupiter acts as a one-stop platform and combines liquidity from multiple Solana-based DEXes, offering users access to improved trade execution by sourcing the best prices and reducing slippage.

Jupiter (JUP) is listed in the Bitget Innovation, DeFi and Solana Ecosystem Zone.

The Bitget Innovation Zone is mainly for trending tokens (initial) listing where a 60-day valuation period will be given for all the newly listed pairs in the zone. It allows Bitget users to easily trade trending tokens. During the valuation period, each digital asset is regularly reviewed for quality assurance to ensure it adheres to our platform standards.

Young markets can cause extreme volatility and heavy fluctuations. Therefore, it’s important for all investors to consider individual risk management and seek education prior to investing.

 

Learn More At Bitget Academy

Get Up-To-Date JUP AUD technical analysis

Charts display a real-time Jupiter technical analysis overview for your selected timeframe. The Jupiter summary is based on the most popular technical indicators, such as moving Averages, oscillators, and pivot points.

Why is Solana Back in Stardom?

Solana is poised to enter 2024 with a strong market position. With a market cap of US$31.8 billion and a Total Value Locked (TVL) of US$1.059 billion, Solana is certain to continue its current growth trajectory.

Understanding the SLP-20 Token Standard: Revolutionising the Solana Blockchain

The Solana blockchain has seen significant advancements with the introduction of the SLP-20 token standard. Short for Solana Program Library-20, SLP-20 is a novel and standardised token format that is driving a paradigm shift in the way digital assets are managed on the Solana network.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organiser PGL.

For more information, visit: Website  | Twitter  | Telegram  | LinkedIn  | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

 

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Filed under: Bitcoin - @ February 1, 2024 4:22 am