Although the hype revolving around crypto has died down, for the most part, the community is alive and well. Many creative currencies have surfaced, and Jupiter Token is one of them.
In this video, we’ll discuss everything you need to know about Jupiter Token.
What is Jupiter Token?
Made for the Jupiter Project, Jupiter Token, also abbreviated as JUP, is an Ethereum token that aims to make blockchain accessible and safe for everyone. Jupiter has military-grade encryption that helps ensure user data is private and secure, and it’s safe to use on most dApps on public and private networks. But what makes it different from others?
When Was It Made?
Founded in 2016, the platform began with Steve Grove and David Mah, individuals with over 20 years of highly technical experience and problem-solving skills. Although the total supply of JUP hasn’t changed since then, several improvements have been made.
How Does It Operate?
Jupiter Token operates on the decentralized JUP blockchain, where people can message, vote, file share, and create assets in addition to NFTs. It’s essentially an open-source software powering public blockchains.
This is a great step to creating a safe and secure online community and having a running cryptocurrency. According to its whitepaper, Jupiter provides products such as Fndr, a flexible and secure password manager; jupiter-fs, a small file-system capable of uploading files to the blockchain; and Leda, the official marketplace for nFTs on Jupiter.
How Is It Faring So Far?
So far, Jupiter Token has been doing decently in the market. Its current value converts to around USD 0.0086 or 0.0080 Euro. So far, we’ve had some ups and downs for JUP, but it has seen significant positive trends in the market, increasing by 15.56% in terms of value.
It has also had some ups and downs in social media, being mentioned only 39 times out of more than 1.5 million social media posts on Twitter and Reddit and dropping down 15.22% in engagement.
How Does JUP Compare To Other Currencies?
According to coinbase.com, Jupiter has a comparable market cap to Apollo, Meta Apes, Rupiah Token, and Grid+. Jupiter has a market cap of 1 billion but a circulation supply of $4,110,823.02.
It ranks 957th on the CoinMarketCap rankings. If it grows and continues on its path, it can be a solid asset, according to some avid crypto enthusiasts on CoinBase and Changelly.
What do you think about Jupiter? Are you thinking of buying JUP tokens in the future? Let us and your fellow viewers know by commenting down below.
Recent Comments & Reviews