Introduction

Jupiter is a decentralized finance (DeFi) platform built on the Solana blockchain, primarily functioning as a liquidity aggregator. It aims to streamline trading activities by connecting users to multiple decentralized exchanges (DEXs) to facilitate efficient token swaps, perpetual futures, and the management of decentralized stablecoins. This capability allows users to access the best available prices and optimize their trading experience without navigating through various platforms individually.

JUP Supply Details

  • Total Supply: 10 billion JUP
  • Circulating Supply: 1.35 billion JUP
  • Max Supply: no max supply

Jupiter’s capped supply and active use cases within secure communication platforms may contribute to scarcity and potentially drive demand, depending on market conditions and adoption rates. 

JUP Current Price State

As of November 14, 2024, Jupiter (JUP) is trading at $1.1858 USD approximately 100 INR. On the technical analysis front, JUP recently completed a breakout from a falling wedge pattern, a bullish formation that could indicate further upside potential if sustained by strong buying pressure.

JUP Price Prediction Based on Technical Analysis

Jupiter (JUP) Price Prediction & Forecast for 2024 to 2030
Jupiter (JUP) Price Prediction & Forecast for 2024 to 2030

The breakout from the falling wedge pattern suggests the possibility of bullish momentum continuing. Resistance is expected at $1.25 and $1.50, while support remains around $1.00. If Jupiter maintains its upward trajectory with increased trading volume, it could achieve higher targets over the medium term.

Recent and Upcoming Developments for Jupiter (JUP)

Launch of Perpetual Futures: Jupiter has introduced GMX-style perpetual futures trading, allowing users to engage in leveraged trading. This feature expands its offerings beyond simple token swaps, catering to more sophisticated trading strategies.

Development of a Stablecoin: The platform announced plans for an over-collateralized stablecoin, referred to as sUSD, which will be backed by Solana Liquid Staking Tokens (LSTs). This initiative aims to address concerns about custodial risks associated with existing stablecoins like USDC and USDT.

Future Airdrops: Jupiter plans to conduct additional airdrops as part of its community engagement strategy. Approximately 40% of the total JUP supply (4 billion tokens) is reserved for community distribution through multiple airdrops over the coming years, with the next scheduled for January 2025. 

JUP Fundamentals for Long-Term Price Prediction

AspectDetailsEvaluation
FoundersTeam with experience in blockchain tech and data privacyExperienced development
Tokenomics10 billion total supply with a significant portion in circulationCapped supply supports scarcity
Circulating Supply~1.35 billion JUP13.5% already in circulation
WhitepaperFocus on secure data transfer and privacyClear and market-relevant vision
TeamSkilled in cybersecurity and blockchainCredible background
ProjectData protection and secure dAppsSolid use case
FundingSupported by early blockchain enthusiastsStable financial grounding
Blockchain Use CaseSupports secure communication and data storageGrowing sector in Web3
RoadmapPlatform enhancements and partnership expansionsPromising for future growth
VolumeIncreasing trading activity post-breakoutPositive short-term sign

JUP Price Targets from 2024 to 2030

YearBearish Case (USD)Bullish Case (USD)Remarks
2024$1.00$2.00Post-breakout consolidation period
2025$1.75$3.50Increased adoption in dApps and security tools
2026$2.50$5.00Platform upgrades and partnerships take effect
2027$3.50$6.50Expanded use cases and global adoption
2028$4.00$8.00Continued focus on Web3 solutions
2029$5.50$10.00Sustained growth with strong market presence
2030$6.00$12.00Full maturity within the secure data market

JUP Price Prediction for 2024

Post-breakout gains may push JUP to the $1.00–$2.00 range, especially if its technical and strategic developments draw more user engagement.

JUP Price Prediction for 2025

Adoption by secure data service providers could lead to a price range of $1.75–$3.50.

JUP Price Prediction for 2026

Platform enhancements aimed at scalability may push JUP to $2.50–$5.00 as it solidifies its position in secure blockchain services.

JUP Price Prediction for 2027

JUP’s value may reach $3.50–$8.00 as its reputation grows within the broader Web3 ecosystem and more partnerships come to fruition.

JUP Price Prediction for 2028

The coin could achieve $5.50–$10.00 if market trends favor blockchain adoption for data security.

JUP Price Prediction for 2029 & 2030

By this point, with a well-established ecosystem, JUP may see prices between $6.00 and $12.00 as it becomes a mainstay for secure communication in blockchain technology.

Conclusion

With promising technical trends and robust fundamentals, JUP has a clear trajectory for growth. Future performance will depend on continuous technological advancements and strategic partnerships within the blockchain space.

Athul Santhosh
Quant Analyst

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