JTO can become the same as BONKFirst of all, note that there is not much data available about this symbol.
But according to the signs in the chart, it can move towards TP 1 and 2 by maintaining the green flip range.
Note that TP1 is a strong resistance and save profit when we reach TP1. Missing the flip range with a daily candle will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
JTOUSDT
JTO/USDT To Buy or not to BuyTo buy or not to buy, that is the question.
I may be wrong, but I will wait for lower prices.
......................................................................................................................
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Solana-Based Jito (JTO) Skyrockets 40%, Is $5 Next?The Solana-powered Jito (JTO) crypto has gained significant market traction, emerging as a top-trending token with a remarkable 40% surge.
The Jito (JTO) cryptocurrency is a Solana-backed token that recently gained noteworthy traction within the broader crypto market as it experienced a massive surge in its price. Moreover, the token caught the eyes of crypto traders and investors as it emerged as one of the top trending tokens within the crypto realm.
In addition, Jito positions itself as a Solana-based Defi platform, facilitating liquid staking.
Interestingly, the soaring of the JTO token appears to fall in line with the opening of an airdrop recently, evoking immense keenness among crypto fanatics. Meanwhile, the token’s parent currency, Solana (SOL), also noted an upsurge in its price.
Jito (JTO) Token: Here’s All You Need To Know
Jito stands as the second-largest liquid staking (LST) protocol catering to Solana users seeking to trade and borrow against SOL tokens locked with validators. JitoSOL, JTO’s primary asset, acts as a depository receipt for staked SOL.
Furthermore, the token orchestrates profits from both the staking processes within the Solana network. Besides, it also generates moonlight incomes via Jito’s MEV-style method of auctioning blockspaces.
The JTO token initially commenced trading at the price of $1.20 but soon began noting a significant pump in its price. Intriguingly, the pump witnessed by the token was so bullish that even after the deposit of 7 million JTO to Binance, the price barely slumped.
Concerning the aforestated data, the JTO token appears to be portraying significant bullish sentiments within the broader crypto market. Moreover, the Jito community recently initiated a token airdrop, allowing users to claim 90 million JTO governance tokens since Thursday morning.
In addition, the total value locked (TVL) for Solana Jito liquid staking now amounts to $486.84 million as of writing.
Jito JTO Price Rallies
The Jito price, while writing, witnessed a colossal upswing of 36.20%, reaching $4. In addition, since its inception, the token has recorded a surge of 140.44%, accompanied by a 36.44% increase in its market cap.
Meanwhile, the Solana price also witnessed a jump, aligning with JTO’s price spike.
As of writing, the Solana price stood at $77.13, soaring 5.18% over the past day. Moreover, the token also noted a weekly upswing of 23.70%. Simultaneously, JTO’s price surge may be linked to the jump witnessed by Solana.
As the JTO token continues to soar whoppingly, crypto market enthusiasts eagerly await the next milestone for the cryptocurrency, the $5 mark.