- The Jupiter (JUP) worth is at present above $0.6, and will goal $1.
- Whereas $1 in Could could also be robust 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 prime gainers within the prime 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 good points 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 challenge’s newest announcement.
Eyeing DeFi momentum, Jupiter reveals plans for its new lending product – the Jupiter Lend platform is about for unveiling this summer time.
In line with particulars the Jupiter Trade revealed on Thursday, JUP might quickly turn out to be 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 time launch occurs, Jupiter Lend will likely be a significant challenger to Kamino Finance, at present 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 immediate liquidity, with customers borrowing towards their crypto.
Notably, Jupiter is considered one of Solana’s prime DEX aggregators, at present with $2.67 billion in TVL.
Can this launch and different elements assist JUP token’s worth?
Jupiter worth prediction: Can JUP reclaim $1 in Could?
The JUP token’s worth hovers close to $0.61, off lows of $0.54 on Could 22, 2025.
With simply over per week to go for Could, bulls are eyeing a inexperienced shut as Bitcoin instructions consideration from institutional buyers.
However having reached $0.6, JUP worth has gained by over 100% since hitting lows of $0.3 on April 7.
JUP additionally rallied amid a buyback program in February.
The most recent upside sees Jupiter’s native token submit a recent bullish outlook.
JUP’s each day chart has the relative power index and transferring common convergence divergence signalling upward worth motion.
On this case, a breakout to $0.83 might propel bulls in direction of the psychological $1 or larger.
On the flipside, a reversal that sends JUP under $0.57 will probably catalyze a revisit of assist round $0.47.