Can Jupiter Overtake ThorChain After Its Impressive 18% Rally?
Jupiter Making Waves in the DEX Market
Jupiter recently exploded onto the scene, with its native token (JUP) seeing a significant 18.54% upsurge, taking its market cap to $2.4 billion.
Top DEX Tokens by Market Capitalizations.
Charting the Path to Overtake ThorChain
Currently positioned as the fourth largest DEX token, Jupiter is eyeing ThorChain's $2.7 billion market cap but faces challenges amidst a 5% correction over the past week.
Jupiter has already defeated bearish sentiment, with liquidated shorts contracts boosting investor confidence in the altcoin.
JUP Price Predictions and Volatility Concerns
Analysts forecast a potential 12% increase for JUP, backed by bullish indicators like the MACD. However, growing volatility may lead to a price dip to $1.40, cautioning against over-optimism.
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