Coin base intends to create a market for the stock of cryptocurrency-based companies. This is big news for the cryptocurrency market, as it will allow traders and investors from across the world to purchase stocks in their favorite cryptocurrencies, potentially spiking demand and boosting prices. However, we will also be able to see how much volume a company has – something that the Coin base does not share with other sites yet. It’s a brave new world out there in which you should expect volatility and lots of change! I have averaged the price of each of the top 10 cryptocurrencies in terms of USD since day 1 on Coin Market Cap – Bitcoin, Ethereum, XRP, Bitcoin Cash, Lite coin, Cardano, Stellar Lumens, EOS, and NEO. I have used these numbers to extrapolate what to expect $Jupiter’s price to do over the next 3 months.
Also, notice that the prices are not in USD but in BTC (Bitcoin) which is a currency with a far higher market cap than all other cryptocurrencies accept ETH. This is why Jupiter has a much higher market cap than every other cryptocurrency we are looking at today.
What is Jupiter?
Jupiter is a new cryptocurrency that lets you earn more by referring others to their platform. Their website explains that “you can get JUPITER coins by inviting your friends, or complete special tasks. There are two ways to earn JUPITER coins: by sharing the link with your friends or doing special tasks”. In addition to receiving a share of the rewards generated by other users on the Jupiter platform, you can also “earn” Satoshi – Bitcoin’s smallest unit – just by using the platform and surfing around. It’s very similar to how we surf normal websites, except that every time we use it we re-generate revenue for Jupiter.
Jupiter: Moons of the Future
Jupiter’s vision is a moonshot. They are aiming to develop a multi-billion-dollar global platform that offers a wide range of features and services for buyers and sellers of cryptocurrencies, as well as for investors and traders. Jupiter plans to become the world’s leading crypto platform with a wide range of services, and they are working hard on building the technology backbone of their platform and their business on the ground.
They have developed an extensive set of tools that help users manage their portfolios using both centralized exchanges (e.g., Coinbase) and decentralized exchanges (e.g., Binance).
Some of the features that users can look forward to including:
A crypto bank that offers cryptocurrency exchanges for fiat money and bank accounts where users can deposit funds into their Jupiter wallet using an IBAN from their bank account. An investment agency that will help users make money on cryptocurrency trends by purchasing cryptocurrencies or tokens when prices are low and selling them when prices are high. The company calls this a “Liquidity-Locking the First Stage”.
An “e-commerce platform where all transactions are executed via smart contracts, to create new and regulated marketplaces that can go worldwide”. Customers will be able to pay using cryptocurrencies, credit cards, and bank transfers. They call this a “Payment Platform for Online Marketplaces”.
Jupiter’s Price Rockets as Coinbase Listed
The price of Jupiter in terms of Bitcoin started rocketing on Friday evening, as the Coinbase listing date was drawing near. The current price of $JUP is 0.0009244 BTC (Satoshi). The volume that has been generated since the listing has been a significant factor behind the current price. The volume has exceeded $2 million and it does not look like it will fall back down below $1 million for quite some time.
Conclusion: Will Jupiter’s Price Stay High?
There are many reasons to be bullish about this coin – it’s new and it is already trading on an important exchange, which means that volumes should continue increasing gradually due to Coinbase’s “bump”. In addition to this, Jupiter has a roadmap of exciting features that will continue to attract users to their platform and generate demand for their coin.
