Jupiter ($JUP) Crypto Forecast: Down 6.3% Today

What is Jupiter?

JUP (Cryptocurrency token Jupiter) Market: Cryptocurrency Market

Why is Jupiter going down?

JUP crypto is down 6.3% on Dec 13, 2024 8:36

• Despite positive news about an upcoming airdrop of $860 million in JUP tokens to loyal community voters, JUP experienced a bearish movement today.
• The market sentiment towards JUP could have been affected by the overall cryptocurrency market performance and profit-taking behavior from traders.
• The recent price surge and potential breakout of Solana at key resistance levels may have momentarily shifted attention and investment away from JUP.
• There are concerns among investors regarding JUP's potential for price recovery, with discussions on the altcoin's prediction for regaining its losses.

JUP Price Chart

JUP Technical Analysis

JUP News

Solana Price On The Rise: Key Resistance At $235 Could Spark Major Breakout

Solana Price On The Rise: Key Resistance At $235 Could Spark Major Breakout

https://www.newsbtc.com/news/solana/solana-price-on-the-rise-key-resistance-at-235-could-spark-major-breakout/

JUP price prediction – How soon before altcoin recovers all its losses?

JUP price prediction – How soon before altcoin recovers all its losses?

https://ambcrypto.com/jup-price-prediction-how-soon-before-altcoin-recovers-all-its-losses/

Top 10 Airdrops For The Second Week of December

Top 10 Airdrops For The Second Week of December

https://beincrypto.com/top-10-airdrops-for-the-second-week-of-december/

Jupiter to airdrop $860 million in JUP tokens to loyal community voters

Jupiter to airdrop $860 million in JUP tokens to loyal community voters

https://cryptoslate.com/jupiter-to-airdrop-860-million-in-jup-tokens-to-loyal-community-voters/

Solana DeFi Exchange Jupiter Gets OK for Airdrops After First $1.7 Billion Vote Failed

Solana DeFi Exchange Jupiter Gets OK for Airdrops After First $1.7 Billion Vote Failed

https://decrypt.co/295635/solana-defi-exchange-jupiter-airdrops-1-7-billion

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Jupiter Price History

02.11.2024 - JUP Crypto was down 8.8%

• Today's decline in JUP's value may be connected to a public apology made by a co-founder for a racial comment, sparking unfavorable reactions among investors and the community.
• Despite the generally positive outlook in the cryptocurrency market, characterized by expectations of a possible "Santa Rally" and optimistic indicators for alternative coins, the controversy surrounding Jupiter's co-founder may have dampened the token's prospects despite any favorable market developments.
• Concerns linger about JUP's future performance, particularly regarding the repercussions of negative publicity on its valuation and the potential for a near-term recovery.

06.11.2024 - JUP Crypto was down 7.4%

• The bearish movement in JUP today could be attributed to the negative publicity surrounding the co-founder's apology for a racial slur. Such controversies can shake investor confidence and lead to a sell-off.
• Positive news about Hyperliquid, being dubbed as an 'Ethereum Killer' and experiencing a massive 7-day gain, might have diverted investor attention and funds away from JUP.
• The overall market sentiment seems to be mixed, with some tokens like Hyperliquid seeing significant gains, while others like JUP facing downward pressure due to internal issues and competition.
• The prediction of a potential Santa Rally in the crypto market for tokens like Dogecoin and PEPE could have also influenced traders to reallocate their investments, contributing to the bearish movement in JUP.

10.11.2024 - JUP Crypto was down 18.0%

• The bearish movement in JUP's price could be attributed to profit-taking by investors who received a significant amount of JUP tokens through the airdrop programs.
• Despite the positive news of airdropping $860 million and $1.4 billion in JUP tokens to loyal community voters, the market may have reacted negatively due to concerns about potential oversupply and selling pressure.
• The failed $1.7 billion vote for airdrops and the subsequent approval for airdrops might have created uncertainty and volatility in the JUP market, leading to the bearish movement.
• The innovative feature of iCloud backup for wallet safety, while positive for the project's long-term growth, may not have been sufficient to offset the selling pressure from airdrop recipients.

04.11.2024 - JUP Crypto was up 10.3%

• The bullish movement of JUP today could be attributed to the positive sentiment in the overall cryptocurrency market, as evidenced by the explosive gains of other tokens like Hyperliquid.
• The speculation about a potential Santa rally in the crypto space, with expectations of upward movements for various altcoins including JUP, might have fueled investor optimism and contributed to the bullish movement.
• Despite recent controversies and the need for damage control within Jupiter's leadership, the market seems to have primarily focused on positive news and potential price patterns, driving JUP's upward momentum.
• Increased excitement within the crypto community, including new stablecoin launches and hints at airdrops from projects like Solana, likely contributed to the bullish sentiment that supported JUP's price surge towards potentially exceeding the $2 threshold.

04.11.2024 - JUP Crypto was up 10.3%

• Jupiter (JUP) experienced a strong bullish movement likely due to positive market sentiment and potential for growth in the decentralized finance sector.
• The apology issued by Jupiter's co-founder for a racial slur may have caused some short-term volatility but did not significantly impact the overall bullish trend.
• The overall positive sentiment in the cryptocurrency market, as indicated by the explosive gains of other tokens like Hyperliquid, Dogecoin, and Solana-based altcoins, likely contributed to the bullish movement of Jupiter (JUP).
• Traders and analysts assessing the potential for Jupiter (JUP) to climb above $2 based on certain patterns may have also fueled investor optimism and contributed to the bullish momentum.

11.11.2024 - JUP Crypto was up 5.1%

• The bullish movement of JUP could be attributed to the announcement of an upcoming airdrop of $860 million in JUP tokens to loyal community voters, creating excitement and driving up demand for the token.
• The positive sentiment surrounding JUP was further boosted by the approval for airdrops after a previous vote failed, indicating a renewed interest and confidence in the project.
• The anticipation of receiving a significant amount of JUP tokens through airdrops likely attracted more investors to the token, contributing to its bullish price movement.

09.11.2024 - JUP Crypto was down 8.5%

• The bearish movement in JUP might be linked to profit-taking by traders following a recent price surge or market correction.
• Positive information about the Jupiter Airdrop and the iCloud backup feature could have initially boosted investor sentiment but was overshadowed by broader market trends.
• A racial slur apology from the Jupiter Co-Founder stirred controversy and potentially had a detrimental effect on the token's reputation and investor confidence.
• The remarkable growth of the 'Ethereum Killer' Hyperliquid may have shifted investor focus away from JUP, triggering a sell-off in the token.

09.11.2024 - JUP Crypto was down 7.5%

• The bearish movement in JUP could be attributed to profit-taking by traders after the recent surge in the token's value.
• The positive news about Jupiter's airdrops and wallet safety features may have initially driven up the price, but the market sentiment shifted, leading to a bearish trend.
• The explosive gains in the "Ethereum Killer" Hyperliquid might have diverted some investor attention away from Jupiter, impacting its price negatively.
• Overall, the bearish movement in JUP seems to be a combination of profit-taking, shifting market sentiment, and competition from other high-performing tokens in the cryptocurrency space.

09.11.2024 - JUP Crypto was down 25.7%

• The bearish movement in JUP today could be attributed to profit-taking by traders who may have accumulated positions in anticipation of the airdrops.
• Despite the positive news of airdropping significant amounts of JUP tokens to loyal community voters, the market may have reacted negatively due to concerns about dilution of existing token value.
• The announcement of revolutionizing wallet safety with an iCloud backup feature may not have been substantial enough to offset the selling pressure on the token.
• The surge in another cryptocurrency, Hyperliquid, being dubbed as an "Ethereum Killer" and experiencing significant gains could have diverted attention and capital away from JUP, contributing to its bearish movement.

09.11.2024 - JUP Crypto was down 8.0%

• The bearish movement in JUP may be related to negative publicity surrounding a co-founder's racial slur, potentially causing investor concerns and impacting the token's reputation.
• Despite positive developments like the iCloud backup feature and airdrop update, controversy around the co-founder's behavior could have overshadowed these advancements, resulting in a sell-off of JUP tokens.
• The rapid growth of 'Ethereum Killer' Hyperliquid and other tokens may have diverted investors' focus from JUP, leading to a capital shift towards more promising projects.
• Overall market sentiment, influenced by new stablecoins and airdrop hints from Solana, could also have contributed to the bearish movement of JUP as investors adjusted their portfolios based on the latest trends and opportunities in the cryptocurrency space.

13.11.2024 - JUP Crypto was down 6.3%

• Despite positive news about an upcoming airdrop of $860 million in JUP tokens to loyal community voters, JUP experienced a bearish movement today.
• The market sentiment towards JUP could have been affected by the overall cryptocurrency market performance and profit-taking behavior from traders.
• The recent price surge and potential breakout of Solana at key resistance levels may have momentarily shifted attention and investment away from JUP.
• There are concerns among investors regarding JUP's potential for price recovery, with discussions on the altcoin's prediction for regaining its losses.

09.11.2024 - JUP Crypto was down 5.1%

• JUP experienced a strong bearish movement likely due to negative publicity, potentially impacting investor confidence.
• Positive developments in Jupiter's wallet safety features were overshadowed by recent controversy, influencing the downward trend.
• Despite positive market sentiment and price surges in other cryptocurrencies, JUP's performance was not positively impacted, hinting at internal challenges.
• Shifts in market focus towards other cryptocurrencies and developments like stablecoins and airdrops may have contributed to JUP's bearish movement.