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Jupiter ($JUP) Crypto Forecast: Up 5.3% Today

Morpher AI identified a bullish signal. The crypto price may continue to rise based on the momentum of the good news.

What is Jupiter?

Jupiter (JUP) experienced a strong bullish movement today.

Why is Jupiter going up?

JUP crypto is up 5.3% on Feb 10, 2025 13:51

  • The bullish movement of Jupiter (JUP) could be attributed to the overall positive sentiment in the cryptocurrency market.
  • The news about CAR Meme Coin crashing due to scam allegations may have shifted investor focus towards more reliable and innovative projects like Jupiter.
  • The unveiling of peaq's real-world-focused campaign in the Web3 space might have generated excitement and optimism in the crypto community, indirectly benefiting tokens like Jupiter.
  • Overall, the positive developments in the cryptocurrency sector, coupled with the negative news surrounding scam allegations in other projects, could have driven investors towards Jupiter, leading to its bullish movement.

JUP Price Chart

JUP Technical Analysis

JUP News

CAR Meme Coin Crashes 70% After Scam Allegations, Here’s All

CAR Meme Coin Crashes 70% After Scam Allegations, Here’s All

https://coingape.com/car-meme-coin-crashes-70-after-scam-allegations-heres-all/

0 News Article Image CAR Meme Coin Crashes 70% After Scam Allegations, Here’s All

Top Crypto News This Week: Aave Expansion, dTAO Upgrade, Coinbase Earnings, US CPI, and More

Top Crypto News This Week: Aave Expansion, dTAO Upgrade, Coinbase Earnings, US CPI, and More

https://beincrypto.com/top-crypto-news-aave-dtao-coinbase-earnings/

1 News Article Image Top Crypto News This Week: Aave Expansion, dTAO Upgrade, Coinbase Earnings, US CPI, and More

Central African Republic’s Crypto $CAR: Scam or Innovation?

Central African Republic’s Crypto $CAR: Scam or Innovation?

https://www.coingabbar.com/en/crypto-currency-news/central-african-republic-meme-faces-deepfake-allegations

2 News Article Image Central African Republic’s Crypto $CAR: Scam or Innovation?

The Perpetual DEX Sector: A Great Leap Forward

The decentralised finance (DeFi) sector has advanced significantly since the launch of Uniswap in 2018, which pioneered DeFi exchanges using automated market makers (AMMs). Before this innovation, trading was dominated by centralised exchanges, valued for their deep liquidity, fast execution, and user-friendly platforms. However, these exchanges are associated with significant risks, such as centralised control, lack of transparency, and vulnerability to hacking or mismanagement of funds. These issues spurred demand for DeFi trading platforms where users could retain control over their assets without relying on centralised intermediaries, although other risks such as hacking, loss of funds, higher slippage are inherent.In this article, I explore the evolution of perpetual decentralised exchanges (Perp DEXs), analyse Hyperliquid’s rapid adoption, and provide a brief valuation assessment of Bluefin’s token. Perp DEXs initially emerged as a response to the inefficiencies of AMMs. While many of these challenges have been addressed by protocols such as Uniswap, a significant gap remained — particularly in the realm of leveraged trading. Over the years, Perp DEXs have evolved through various models, but Hyperliquid stood out in the past year, excelling in decentralized exchange architecture, community-driven tokenomics, and strategic positioning in the memecoin sector. Finally, as a case study in fundamental valuation, I present Bluefin’s potential upside, estimated at ~2x, ~4x, and ~8x based on peer-median multiples of fees, trading volumes, and user growth.Issues with AMMsAMM-based exchanges face several criticisms, including impermanent loss, susceptibility to Miner Extractable Value (MEV) bots, slippage, limited functionality (e.g., lack of limit orders and leverage), high fees, and UI challenges. Many users unfamiliar with DeFi find navigating these platforms difficult. As crypto adoption grows, simplifying the onboarding process is crucial. Uniswap has addressed some of these issues. Initially launched on Ethereum to leverage its liquidity and network effects, Uniswap expanded to Layer 2 (L2) solutions, surpassed $500 billion in cumulative volume on Ethereum L2s, then launched its own L2, Unichain.Preference for Perpetual DEXsPerpetual futures contracts, which allow traders to speculate on asset prices without expiration dates, gained popularity on centralised exchanges due to their flexibility and leverage opportunities. These contracts let traders profit from both upward and downward price movements by taking long or short positions. However, perpetual futures contracts faced slower adoption in DeFi due to challenges with liquidity, price feeds, and latency. However, 2024 was where this changed. Evolution of Derivative TradingThe landscape of decentralised derivatives trading has diversified. For example, Peer-to-Pool models include GMX, off-chain order book models like dYdX, virtual AMMs such as Perpetual Protocol, and hybrids like Drift, which combine AMMs and order books. In 2024, perpetual DEXs showed a skewed distribution of success, with total volumes growing 210% year-over-year across platforms. Median growth was 208%, while the mean was 1,184%, driven by standout performers like Solana-based Jupiter and Drift, which saw volume increases of 5,176% and 628%, respectively. These gains were largely fueled by meme-coin trading and prediction markets, particularly in the run up to the U.S. election.DYdX also had a very good year after transitioning to its own Cosmos-based chain (V4), which was in fact a good omen for Hyperliquid taking the same route as being its own chain. Hyperliquid achieved a 25.3x volume increase, from $21 billion to $570 billion annually, generating $10 million in fees in the last nine days of the year alone, which equated to $410m annually. Hyperliquid’s SuccessHyperliquid operates on a high-performance Layer 1 (L1) chain with native components like perpetual and spot order books. Its permissionless EVM chain supports Ethereum-compatible smart contracts that integrate with on-chain liquidity. By avoiding external funding and prioritizing neutrality and long-term goals, Hyperliquid aims to emulate Bitcoin’s decentralized ethos. The ecosystem also fosters network effects with tools like HypurrFun (a memecoin trading app), HypurrScan (a blockchain explorer), and other integrations. Memecoin projects like CATBAL and PIP have further driven adoption.Recommendations for DEX DevelopmentPerhaps a controversial opinion, but to ensure sustainable growth, DEXs should avoid market-making their own assets, such as they do with the HLP vault. In Hyperliquid’s case, running loss-making market-making strategies and turning the collective P&L negative could lead to insolvency, wider spreads, and reputational harm. It’s great when it works, but very bad when it doesn’t. However, its perfectly reasonable and, instead, ideal to incentivise professional or institutional market-makers. This can be done by transparent order-matching mechanisms attracting market makers and liquidity providers, improving the overall trading experience.DEXs should also focus on enabling permissionless trading and listing of assets to support price discovery for new and illiquid tokens. A second order effect would incentivising meme-crazes and community engagement, which Hyper liquid successfully did.Bluefin’s Journey and OpportunitiesBluefin is a Perpetual Futures DEX, and one that we think is currently underpriced with >2x upside on fee multiples; >4x upside with volume multiples ; >8x upside with user multiples.The team has demonstrated adaptability, evolving from its initial launch on Polkadot in 2020 to Arbitrum in 2022 and eventually to Sui. Initially branded as dTrade, the platform underwent several rebranding efforts before settling on Bluefin. Leveraging Sui’s Move-based technology, Bluefin achieves low latency, fast finality, and parallel processing, with features like zkLogin and one-click trading enhancing user experience. The platform could benefit from complementary product launches, such as prediction markets, to drive adoption. However, Sui’s limited adoption and high valuation ($50 FDV) pose risks downside risks as BLUE is correlated to SUI. Still, competitive pressures, such as Backpack acquiring FTX EU, signal rising challenges from legitimate perpetual trading venues. SummaryThe DeFi sector has evolved significantly since Uniswap’s launch in 2018, which introduced AMMs as an alternative to centralized exchanges, addressing issues like transparency and control but bringing new challenges like impermanent loss and slippage. Perpetual DEXs have gained traction recently, with platforms like Jupiter, dYdX, and Hyperliquid driving impressive growth in derivatives trading, fueled by innovations in liquidity, order books, and user-friendly tools. Hyperliquid achieved a 25.3x volume increase in 2024, leveraging a high-performance L1 chain, meme-coin adoption, and robust ecosystem tools. Bluefin, another perpetual DEX, has shown adaptability, transitioning across ecosystems and focusing on enhanced user experiences, though risks tied to Sui’s valuation and adoption remain. Sustainable growth in DEXs hinges on incentivizing professional market-makers, supporting permissionless trading, and fostering community-driven engagement. The Perpetual DEX Sector: A Great Leap Forward was originally published in CoinShares Research Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

https://blog.coinshares.com/the-perpetual-dex-sector-a-great-leap-forward-f56b340901e5?source=rss----e06f679d11d---4

3 News Article Image The Perpetual DEX Sector: A Great Leap Forward

peaq Unveils Get Real, Web3’s First-Ever Real World-Focused Campaign With Massive Rewards

peaq Unveils Get Real, Web3’s First-Ever Real World-Focused Campaign With Massive Rewards

https://beincrypto.com/peaq-unveils-get-real-web3-first-real-world-focused-campaign/

4 News Article Image peaq Unveils Get Real, Web3’s First-Ever Real World-Focused Campaign With Massive Rewards

Jupiter Price History

06.01.2025 - JUP Crypto was down 7.9%

  • The bearish movement in JUP today can be attributed to the hacking incident involving Jupiter DEX and the promotion of scam meme coins through the former Malaysian PM's accounts. This news likely eroded investor trust and confidence in the platform.
  • The market sentiment towards meme coins could have also contributed to the negative price action of JUP.
  • The positive development of JupiterDAO regaining control of the compromised Jupiter X account might have helped mitigate some of the selling pressure on JUP, but the overall impact of the hacking incident on trader losses would have overshadowed this news.
  • The broader implications of security breaches in decentralized exchanges could have further spooked investors in the cryptocurrency space, leading to the bearish trend in JUP.

06.01.2025 - JUP Crypto was down 6.8%

  • An incident involving Jupiter DEX and accounts associated with a public figure promoting fraudulent meme coins may have affected investor trust in the JUP token.
  • The recovery of control over a compromised account linked to JupiterDAO could have alleviated some concerns, although the impact of traders falling victim to scams might have influenced the market's downward trend.
  • Amid varied gains and losses in the cryptocurrency market, the volatility and uncertainty could have contributed to the negative outlook on JUP.

05.01.2025 - JUP Crypto was down 8.1%

  • The downward trend in JUP's value seems to stem from investors taking profits following a recent buyback announcement that did not meet anticipated market reactions.
  • The overall uncertain performance of the cryptocurrency market could have caused hesitancy among traders, resulting in the selling of tokens like JUP.
  • Significant trading activity on decentralized exchanges (DEX) likely contributed to the escalating bearish sentiment surrounding JUP as traders opted to diversify their investment portfolios.

06.01.2025 - JUP Crypto was down 7.0%

  • Jupiter Exchange regained control of an account following a hack, which could have initially caused uncertainty and selling pressure on JUP.
  • The hack on Jupiter DEX and a former Malaysian PM's account to promote scam meme coins likely raised concerns about security and trust in the project, leading to a further decline in JUP's price.
  • The news about the rich betting big on Bitcoin and the potential for a bull run in meme coins may have diverted attention and investment away from JUP, contributing to its price crash.
  • Despite JupiterDAO regaining control of Jupiter X account, the damage from the hack incidents and the overall negative sentiment in the market could have still impacted JUP's bearish movement.

06.01.2025 - JUP Crypto was down 5.6%

  • The bearish movement in JUP today can be attributed to the recent hacking incident at Solana’s Jupiter DEX, leading to significant losses for traders. This event likely led investors to lose confidence in the JUP token.
  • Despite the negative impact on JUP, the broader cryptocurrency market exhibited mixed performance, with both gains and losses, suggesting that market sentiment was not solely influenced by JUP's decline.
  • The announcement of JupiterDAO regaining control of the Jupiter X account may have offered some reassurance to investors. However, the repercussions of the hack continued to exert pressure on JUP's price.
  • Overall, today's bearish movement in JUP was primarily influenced by the hacking incident at Solana’s Jupiter DEX, underscoring the significance of security in the cryptocurrency realm and its implications for investor confidence and asset valuations.

05.01.2025 - JUP Crypto was down 5.9%

  • JUP experienced a significant 10% drop in its value today, despite smart money continuing to buy the token.
  • The bearish movement could be attributed to profit-taking by short-term traders following a recent price surge.
  • The announcement of a JUP buyback program may have initially boosted investor sentiment, but market dynamics eventually led to a sell-off.
  • The overall volatility in the cryptocurrency market, as seen in the mixed performance of various assets, could have also influenced JUP's downward movement.

06.01.2025 - JUP Crypto was down 5.3%

  • The bearish movement in JUP today could be attributed to the hacking incident at Solana's Jupiter DEX, where traders lost millions in a scam. This negative event likely shook investor confidence in the platform and the associated token.
  • Despite the overall mixed performance in the cryptocurrency market, with notable gains and losses, the specific negative event of the hack on Jupiter DEX seems to have had a significant impact on JUP's price.
  • The previous interest of investors in choosing JUP for their investment goals might have led to increased interest and trading volume, but the hacking incident overshadowed these positive sentiments, resulting in the bearish movement.
  • The all-time high in DEX trading volume could indicate increased activity in the decentralized exchange space, but the negative spotlight on Jupiter DEX due to the hack likely influenced JUP's downward trend.

03.01.2025 - JUP Crypto was down 10.2%

  • The bearish movement in JUP today could be attributed to profit-taking by traders after a recent price surge.
  • Despite the drop, the news of smart money continuing to buy JUP indicates confidence in the token's long-term potential.
  • The market highlights of DEX trading volume hitting an all-time high may have diverted some attention away from JUP temporarily.
  • Mention of investors choosing other tokens for their investment goals could have also contributed to the bearish movement in JUP as traders diversified their portfolios.

06.01.2025 - JUP Crypto was down 7.1%

  • A security lapse in the Meow Token Rug Pull and a hacking incident at Jupiter Exchange are believed to have impacted investor confidence in JUP, resulting in a bearish trend.
  • The hacking of Jupiter DEX and the promotion of scam meme coins using the former Malaysian PM’s accounts have raised concerns about cryptocurrency security, potentially affecting JUP negatively.
  • JUP's market decline of 8% today could be linked to security breaches and general market sentiment.
  • Despite the downturn in JUP, attention on Bitcoin and potential gains in meme coins may draw focus and investment away from JUP, contributing to its bearish performance.

07.01.2025 - JUP Crypto was down 6.6%

  • The bearish movement in JUP today can be attributed to:
  • 3.71M $JUP tokens being linked to a large number of emails in a claim site, raising concerns about potential security breaches.
  • Criticism from the crypto community over a security lapse in the Meow Token, leading to a rug pull and damaging Jupiter's reputation.
  • The hacking incident involving Jupiter Exchange and the promotion of scam meme coins using hacked accounts, creating distrust among investors.
  • Overall market sentiment reflecting the 8% price crash in Jupiter, possibly due to the combination of security issues and negative publicity.

07.01.2025 - JUP Crypto was down 5.1%

  • The decrease in JUP's value could be linked to concerns over security at Jupiter Exchange and a recent rug pull incident involving the Meow Token.
  • The discovery of 3.71M $JUP tokens associated with 4806 emails on a claim site may have also contributed to the decline, sparking worries about security vulnerabilities.
  • Furthermore, the DeFi sector's overall growth, with new campaigns and rewards introduced by projects like peaq, may have shifted focus and investments away from JUP, influencing the downward trend.
  • In summary, security issues, negative community feedback, and competition from other projects with new campaigns likely all played a part in the decline of JUP.

10.01.2025 - JUP Crypto was up 5.3%

  • The bullish movement of Jupiter (JUP) could be attributed to the overall positive sentiment in the cryptocurrency market.
  • The news about CAR Meme Coin crashing due to scam allegations may have shifted investor focus towards more reliable and innovative projects like Jupiter.
  • The unveiling of peaq's real-world-focused campaign in the Web3 space might have generated excitement and optimism in the crypto community, indirectly benefiting tokens like Jupiter.
  • Overall, the positive developments in the cryptocurrency sector, coupled with the negative news surrounding scam allegations in other projects, could have driven investors towards Jupiter, leading to its bullish movement.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.