Jupiter (JUP) has recently demonstrated a modest price increase, currently valued at $0.9925, reflecting a 0.61% gain over the past 24 hours. This slight uptick in price has influenced its market capitalization, which now stands at approximately $1,339,871,591, placing Jupiter at #56 in the global cryptocurrency rankings. The market cap increase suggests a positive market sentiment and growing interest in the token.
In the past day, Jupiter’s trading volume has surged to $153,031,128, marking a substantial increase of 23.52%. This heightened trading activity indicates a strong market presence and investor engagement.
The volume-to-market cap ratio is approximately 11.37%, highlighting a relatively high level of trading activity in relation to its market capitalization. This ratio is a useful indicator of the liquidity and market dynamics of the token.
Jupiter’s circulating supply is 1,350,000,000 JUP, with a total supply of 10,000,000,000 JUP. The significant difference between the circulating supply and the total supply indicates that a large portion of the tokens is yet to be released.
This gap can have implications for future market dynamics, including potential price volatility and the impact of new token issuance on the overall market.
The fully diluted market cap of Jupiter is estimated at approximately $9,924,908,447. This figure represents the potential total market value if all tokens were in circulation. The fully diluted market cap provides investors with an estimate of the token’s potential future value and helps in evaluating its growth potential.
The recent trading activity and market performance of Jupiter suggest an increasing interest in the token, likely driven by ongoing developments, project updates, or broader market trends. The relatively high trading volume in comparison to the market cap signifies active trading and investor engagement, which can be indicative of positive market sentiment.
In summary, Jupiter (JUP) has shown a stable price increase and high trading volume, reflecting its growing presence and interest in the cryptocurrency market.
The current market cap and trading volume provide insights into its market dynamics and potential future performance. Investors should remain attentive to market trends and project updates to make informed decisions regarding their investments in Jupiter.