Can Jupiter Overtake ThorChain After Its Impressive 18% Rally?
![https://store.livarava.com/1be23a61-f022-11ee-891b-87cc5c87fb08.png](https://store.livarava.com/1be23a61-f022-11ee-891b-87cc5c87fb08.png)
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.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.