Is It Too Late to Buy Jupiter? JUP Price Nears Record Highs After VR Web3 Coin Bags $3.5M – Still a Buy?
Jupiter (JUP) hit record highs of $1.75 earlier this week on Monday, April 1, 2024, after a short, sharp rally pumped the price by nearly 25% over the course of 24 hours.
The token has since pulled back about 13% and changes hands at $1.52 as of this writing, according to data by CoinGecko. That’s a little under 25% short of its all-time high of $2 on launch day back in January 31, 2024.
Jupiter’s rally began on Sunday, March 31, at lunchtime UTC. The price then rose from $1.48 to $1.83 by about 5 AM UTC, in the early hours of April 1.
A couple of announcements may have catalyzed the buying spree. On March 31, Jupiter’s Core Working Group (CWG) held a Spaces event on X to talk about the Jupiter DAO budget and address any community “misconceptions” and “concerns”, according to a tweet shared by Jupiter.
Important Twitter space moderated by @weremeow is happening in 5 minutes for the CWG budget vote.
All key areas of concerns will be discussed, including accountability triggers.
Do join this call if you are interested in the future of WG formation in Jupiter. https://t.co/R1iK2n6rt6
— Jupiter
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