Comment
Author: Admin | 2025-04-28
Altcoin to buy. This is a new yet hugely popular DEX for the Solana ecosystem. It enables traders to buy SOL-based tokens without relying on third parties. Jupiter also offers a dollar-cost averaging (DCA) feature, which is unique in the DEX space.This enables investors to DCA their positions at their preferred intervals. This starts from just one minute up to a month. The smart contract will make the respective swaps automatically, so it’s completely passive. Jupiter also supports limit orders, bridging tools, and perpetual swaps.These innovative features are reflected in the Jupiter price. Its native exchange token, JUP, has increased by over 150% in the prior month. Moreover, Jupiter has a market capitalization of $1 billion. This is much lower than other exchange tokens like BNB. However, the main drawback is that less than 14% of the JUP supply is currently in circulation.Project: Jupiter ($JUP)Price: $0.8125Market Cap: $1.1 billionBlockchain: Solana blockchainBuy JUP on MEXCWhat Is an Altcoin?There are thousands of cryptocurrencies in the market. Every single one – apart from Bitcoin, is an altcoin. Over time – especially during bull cycles, altcoins often outperform Bitcoin by many multiples. This is because Bitcoin has already secured a mammoth market capitalization.For example, consider that Bitcoin is valued at over $1 trillion. In contrast, some altcoins have a market capitalization of several million dollars. This enables altcoin investors to target much higher growth. It’s important to know that most altcoins are built on other networks. For example, altcoins on the Ethereum network are ERC-20 tokens.A much smaller percentage of altcoins have their own priority blockchain. These are typically the most valuable. Examples include BNB, Solana, Cardano, Dogecoin, and Avalanche. Ultimately, the best approach to altcoin investing is to diversify, as knowing which tokens will blow up can be challenging.Why Invest in Altcoins?I’ll now take a much closer look at why altcoins remain popular with investors. This will help you assess whether altcoins are right for your portfolio.Potential for Explosive GrowthThe main attraction of altcoins is their potential for explosive growth. This is due to the market capitalization. As mentioned, Bitcoin is already valued
Add Comment