- The Jupiter (JUP) value is at the moment above $0.6, and will goal $1.
- Whereas $1 in Might could also be powerful for bulls, JUP has rallied considerably up to now month to assist bulls.
- Decentralized finance development amid the upcoming Jupiter Lend launch might be a catalyst.
Jupiter (JUP) has spiked by greater than 11% up to now 24 hours and 21% this previous week to hit highs of $0.64.
The decentralized liquidity platform’s native token ranks among the many high gainers within the high 100 by market cap, per CoinMarketCap.
As Bitcoin rallied to a brand new all-time excessive, recent curiosity in altcoins seeped into the JUP market, with beneficial properties mirroring these of Hyperliquid and different decentralized finance initiatives.
Jupiter targets Solana’s DeFi development?
Jupiter’s surge that has strengthened this previous month acquired a significant tailwind assist from the undertaking’s newest announcement.
Eyeing DeFi momentum, Jupiter reveals plans for its new lending product – the Jupiter Lend platform is ready for unveiling this summer season.
In response to particulars the Jupiter Change revealed on Thursday, JUP may quickly change into an integral a part of Solana’s DeFi market.
That is all the way down to the extremely lauded partnership between Jupiter and Fluid, a DeFi protocol designed to spice up mass adoption.
If the summer season launch occurs, Jupiter Lend will probably be a significant challenger to Kamino Finance, at the moment dominating the Solana lending market with a complete worth locked (TVL) of $2.6 billion.
Lend is Jupiter’s quest to penetrate this market with a platform that may leverage Fluid’s dual-layer structure.
A protocol and liquidity layer means the potential for fast liquidity, with customers borrowing in opposition to their crypto.
Notably, Jupiter is one in every of Solana’s high DEX aggregators, at the moment with $2.67 billion in TVL.
Can this launch and different components assist JUP token’s value?
Jupiter value prediction: Can JUP reclaim $1 in Might?
The JUP token’s value hovers close to $0.61, off lows of $0.54 on Might 22, 2025.
With simply over every week to go for Might, bulls are eyeing a inexperienced shut as Bitcoin instructions consideration from institutional traders.
However having reached $0.6, JUP value has gained by over 100% since hitting lows of $0.3 on April 7.
JUP additionally rallied amid a buyback program in February.
The newest upside sees Jupiter’s native token publish a recent bullish outlook.
JUP’s day by day chart has the relative energy index and shifting common convergence divergence signalling upward value motion.
On this case, a breakout to $0.83 may propel bulls in the direction of the psychological $1 or greater.
On the flipside, a reversal that sends JUP beneath $0.57 will seemingly catalyze a revisit of assist round $0.47.
