Jupiter ($JUP) Price Prediction: Potential to Break $2 in 2024-2025?

Bittime - Jupiter ($JUP) is the largest decentralized exchange (DEX) aggregator on the Solana network that continues to show significant growth potential as the popularity of the Solana network increases. 

With Solana's value reaching $200 and strong upward momentum, the JUP token is now attracting the attention of investors who are curious whether this token can reach or even exceed the price of $2 (around Rp. 31,400) by 2024. 

In this article, we will discuss JUP price predictions based on technical analysis and DeFi market trends, as well as looking at its potential future developments.

Also read: Bitcoin Price Narratives and Predictions According to Experts

What Is Jupiter ($JUP) and Why Is It Important?

Jupiter is a DEX aggregator platform in the Solana ecosystem that allows users to access high liquidity with optimal transaction cost efficiency. 

As the crypto market recovers, DeFi tokens like JUP are gaining momentum to rally again. 

Currently, Jupiter sits at the top of the DeFi protocols on the Solana network by total value locked (TVL), indicating that the platform has strong community support.

Also read the Latest Toncoin (TON) Price Predictions, 2024, 2025, and 2030

Jupiter (JUP) Price Prediction for November 2024

In November 2024, the JUP price is expected to experience a surge from a V-shaped reversal pattern from the breakout of the falling wedge pattern. 

In an optimistic scenario, the JUP price is predicted to reach the 50% Fibonacci level at $1.19 (around Rp18,683), after previously exceeding the 38.20% level. With the success of this breakout, the bullish trend could bring the JUP price to $1.50 (around Rp23,550) by the end of the month. 

Technical indicators such as the Moving Average Convergence Divergence (MACD) and the 50-day and 200-day Simple Moving Averages are showing bullish signals that strengthen the potential for an increase in the JUP price.

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JUP Price Prediction for November 2024:

1. Low Potential: $1 (around Rp. 15,700)

2. Average Price: $1.25 (around Rp. 19,625)

3. Highest Potential: $1.50 (around Rp. 23,550)

Jupiter (JUP) Price Prediction for 2024

With positive sentiment sweeping the DeFi sector, 2024 is projected to be a bullish period for DEX tokens like JUP. 

If this momentum continues, the price of JUP has the potential to reach up to $2.21 (around Rp. 34,697) by the end of 2024. 

However, the psychological level around $0.50 (around Rp. 7,850) will be an important support to keep the price from falling sharply. 

Thus, the average JUP price prediction throughout 2024 is estimated to be around $1.35 (around Rp. 21,195).

Jupiter (JUP) Price Prediction for 2025

By the end of 2025, if Jupiter is able to maintain its growth momentum as a leading DeFi protocol on Solana, the price of JUP is predicted to reach $3.34 (around Rp. 52,438). 

This is supported by increased network activity, strategic partnerships, and ecosystem expansion. 

However, in a bearish scenario, JUP is expected to fall to $1.60 (around Rp. 25,120) with an average price of around $2.50 (around Rp. 39,250).

Also read Jupiter (JUP) Price to IDR

Reference:

*https://coinpedia.org/price-prediction/jupiter-jup-price-prediction*

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