Jupiter (JUP) Down 63% After Rocky Launch While AI Altcoin Momentum Builds

Jupiter (JUP), a recently launched swap and decentralized finance (DeFi) aggregator platform on the Solana (SOL) blockchain, has witnessed an over 70% price clash barely 24 hours after its JUP token airdrop to early adopters.

Meanwhile, the ongoing Borroe Finance (ROE) presale continues to gain momentum, with nearly $3 million raised so far, as InQubeta (QUBE) another AI project that enables fractional investments in AI startups gets set to hit the $9m mark in its presale.

Jupiter (JUP) Token Dumps

Airdrops remain one of the fastest ways to amass a huge fortune in the fledgling Web3 space. However, these rewards are often accompanied by serious price volatility, as some ‘whales’ (large investors) often dump their tokens on the market shortly after receiving them, to quickly recoup their investment.

In the latest scenario, Jupiter (JUP), a Solana-powered DeFi swap and aggregator project has seen the price of its native JUP token crash by more than 70% after its airdrop event. At press time, JUP is exchanging hands for $0.5639, and its market cap that once hovered around the $1 billion area has now fallen to $769,296,947.

Whether the price of JUP will regain the bullish momentum that sent it above the $1 mark shortly after the airdrop remains to be seen.

InQubeta (QUBE) Fractionlizing AI Investments

According to Statista, the global artificial intelligence (AI) market is forecasted to surpass $305 billion in 2024 and will exhibit a compound annual growth rate of 15.83% to hit $738. 80 billion by 2030.

Indeed, the AI industry holds huge promise for market participants, as the innovative technology is now making inroads into virtually all parts of the global economy and InQubeta (QUBE), a new blockchain-based AI platform, is looking to lower the “barrier to entry” for all, especially investors without deep pockets.

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Author: Advertorial

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