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The introduction of JITO on BingX has elicited a pronounced impact on the Solana ecosystem. Solana's native token, SOL, has experienced a noteworthy surge in value, soaring by an impressive 12.48%.
As the crypto world continues to buzz with excitement following the recent JTO token airdrop on the Solana blockchain, investors and analysts are turning their attention to other ecosystems that may offer similar airdrop opportunities.
In this article, we will delve into Jito, a liquid staking crypto platform developed on Solana.
Greed is again a dominating sentiment after a retracement earlier this week, with most cryptocurrency projects showing bullish signals.
BingX Introduces JITO Coin $JTO and Ordinals $ORDI
Cryptocurrency analyst Miles Deutscher has provided insights into potential altcoin opportunities as the crypto market experiences a sharp correction and many altcoins consolidate after recent gains. Deutscher's analysis focuses on several altcoins that he believes could be poised for significant upside movement.
Solana-based liquid staking protocol JITO witnessed a trading volume of $1.1 billion in its single day of trade. What Happened: Crypto exchange, Bitget listed the JITO token from the Jito ecosystem of liquid staking built on the Solana blockchain.
While Bitcoin (BTC) largely catalyzed this impressive run with its push above $44,500, assets such as Jito (JTO), Solana (SOL) and Avalanche (AVAX) also made their unique contributions.
In a nutshell, JTO stands as a governance token linked to the influential Jito Network, making substantial contributions to the Solana ecosystem. To qualify for the JTO token airdrop, participants had to stake with Jito from November 25, 2023.
Developed by Jito Labs, a big player in the Solana network, Jito is the newest liquid staking protocol and is now the second-largest in terms of Total Value Locked (TVL). Currently, Jito has over 6.4 million SOL locked in, equivalent to around $460 million.
Jito's fully diluted market capitalization now exceeds $3 billion, taking Solana's center of attention.
Marinade, similar to Jito, released a liquid staking token (LST) for SOL investors, and this week, its governance token achieved record highs. In a swift rally, MNDE surged to $0.50 within hours, coinciding with the launch and rally of Jito's JTO token.
The Jito (JTO) cryptocurrency is a Solana-backed token that recently gained noteworthy traction within the broader crypto market as it experienced a massive surge in its price. Moreover, the token caught the eyes of crypto traders and investors as it emerged as one of the top trending tokens within the crypto realm.
This article explores why is the JTO price rising, about the airdrop, and how high will the Jito price go in 2024.
Made some money off of Jito's airdrop Thursday? If you're a US taxpayer, you'd better report it to the IRS, experts say.
Marinade's market cap is dwarfed by Jito, though, despite being a bigger crypto ecosystem.
The much-awaited Jito airdrop has launched with the distribution of 90 million JTO tokens to Solana users.
Jito airdop caused massive surge in activity on Solana. The price of SOL observed a dramatic uptick.
The new JTO token will govern Jito's DAO and $490 million treasury as the project mirrors Uniswap
Jito, a decentralized finance (DeFi) platform operating on the Solana blockchain, made waves on Thursday as it launched its highly anticipated airdrop, distributing an impressive $225 million worth of free tokens to Solana users worldwide.
Solana-based liquid staking project Jito's JTO token price soared more than 80% following its trading debut across multiple major exchanges like Coinbase and Binance. Data from CoinMarketCap shows that JTO's value surged to more than $3 during the past day, representing an 85% growth for the newly launched digital asset.
The governance token of the Solana-based liquid staking protocol Jito crossed a trading volume of $1.1 billion within a day of going live.
With the airdrop distribution now complete, Jito states that all claimable tokens will be available for 18 months starting on the token generation date.
Solana price has seen a 14%+ spike fueled by bullish chart signals, proliferating fundamentals, airdrop hype, and endorsements predicting further upside towards the $100 level.
