The Solana-based DEX (Decentralized Exchange) Jupiter (JUP) has not too long ago captured noteworthy consideration throughout the crypto area. Despite the broader crypto market’s bearish motion right this moment, July 4, the JUP token has amassed optimism over future value actions.
Notably, Upbit, a well known South Korean crypto trade, has added help for the Solana DEX’s native token on its platform. This mover phases as an optimistic issue and is predicted to bolster the token’s future value actions.
South Korean Exchange Unveils Listing
According to the official assertion revealed by the Ubit crypto trade, JUP buying and selling is to begin right this moment. The obtainable pairs are JUP/USDT, JUP/BTC, and JUP/KRW.
Deposits and withdrawals will begin two hours after the official assertion is revealed. The community for deposits and withdrawals is Solana.
It’s value noting that the trade doesn’t help transactions by way of aside from guided networks. Further, purchase orders are prohibited for roughly 5 minutes after the buying and selling help. “Sell orders at prices less than 10% of the previous day’s closing price are restricted for approximately 5 minutes after trading support,” the trade added.
Meanwhile, different updates on the JUP listing had been additionally rolled out on Upbit’s official website.
Simultaneously, crypto market individuals anticipate a paradigm shift in costs, as earlier listings on the South Korean trade have fueled important upside actions. CoinGape Media reported earlier this yr that Zetachain (ZETA) and Omni Network (OMNI) noticed an outstanding uptick in costs as buying and selling volumes surged with Upbit listing.
These chronicles have added an optimistic tint to the JUP token’s future value actions regardless of right this moment’s dip.
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Jupiter Price Plunges
At press time, the JUP token’s value noticed a 3.41% fall to commerce at $0.7986. Its 24-hour lows and highs are $0.7446 and $0.8273, respectively.
However, the token’s 24-hour buying and selling quantity was up 103.03% over the previous day, at $219.30 million. Also, it’s value noting that right this moment’s fall is in keeping with the broader market motion. Even SOL price noticed a 7.69% dip in worth to commerce at $134.54.
Nonetheless, as talked about above, a considerable cash inflow with the itemizing may end in a recovered value forward.
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The offered content material could embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability for your private monetary loss.
