Jupiter Price Prediction: Coinbase Listing Boosts JUP Forecast
The JUP token surged following its listing on Coinbase, but can it sustain this momentum?
Jupiter (JUP), a Layer 1 blockchain network’s native token, has outperformed most cryptocurrencies in 2022 with over 100% year-to-date returns as of July 12. The Coinbase listing in June significantly increased its exposure among investors during a crypto bear market.
However, historical data from CoinMarketCap reveals JUP’s volatility. The token peaked at $0.9044 in September 2017 before losing 99.9% of its value between 2018 and 2020. Despite its 2022 rally, JUP remains 98% below its all-time high.
What Is Jupiter?
Jupiter is a Layer 1 blockchain enabling developers to build decentralized applications (dApps). Founded by Sigwo Technologies co-founders Steve Grove and David May, Jupiter emphasizes security and customization.
Key features:
- Gravity Framework: Powers scalable dApps.
- Metis Messenger: Encrypted, ad-free messaging with JUP integration.
- Leda NFT Marketplace: Uses JUP for transactions.
- Fndr: Encryption-based password manager.
JUP is the native token used for:
- NFT transactions on Leda.
- Staking via Jupiter Earn (exchanging JUP for FORGE).
As of July 12, JUP ranked 643rd by market cap ($15M), with a max supply of 1B tokens.
Recent Developments
- June 2022: Coinbase listing drove JUP to $0.02191 (70% surge).
- June 2022: Metis Messenger launched on Apple’s App Store.
- February 2022: Metis v1.4 enabled JUP transfers.
- December 2021: KuCoin integrated Jupiter Mainnet.
Anndy Lian, blockchain expert, noted:
"Listing on Coinbase is the beginning, not the end. Jupiter must build confidence and adoption."
Price Performance
- 2017: Peaked at $0.9044**, ended year at **$0.33.
- 2018–2020: Crashed 99.9% to $0.00029.
- 2021: KuCoin listing briefly pushed JUP to $0.07, but it fell 90% by year-end.
- 2022: 109% YTD growth, trading at $0.015 (July 12).
Jupiter Price Predictions
CoinCodex:
- July 2022: $0.030899 (+100%).
- 1-Month: $0.047442.
Wallet Investor:
- 2022: $0.00159.
- 2025: $0.000542.
DigitalCoinPrice:
- 2030: $0.0695.
GovCapital:
- 5-Year: $0.214.
👉 For real-time crypto insights, explore OKX’s market analysis.
Disclaimer: Algorithm-based predictions are speculative. Conduct personal research and invest responsibly.
FAQs
Is Jupiter a Good Investment?
While JUP has shown volatility, its Coinbase listing and ecosystem growth present opportunities. However, high-risk tolerance is advised.
What Drives JUP’s Price?
Exchange listings, adoption of Jupiter’s dApps, and broader crypto market trends influence JUP’s value.
How to Buy JUP?
👉 Purchase JUP on major exchanges like Coinbase and KuCoin.
Can JUP Reach Its ATH Again?
Long-term forecasts vary, but significant adoption and market recovery would be required.
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