Jito (JTO)
Current Price: $1.62 USD
24h Change: Up 0.62%
24h Price Range: $1.57 – $1.68 USD
24h Trading Volume: ~$20.46 million USD
Market Cap: ~$509 million USD
Circulating Supply: 317.92 million JTO
Project Overview
Jito is a protocol that optimizes transaction confirmation on Solana, aiming to enhance the speed and efficiency of the network. Despite a slight decrease of 0.94% in the last 24 hours, Jito's role within the growing Solana ecosystem suggests significant potential for future growth.
Analysis
JTO is experiencing a minor increase in price, with a trading volume of ~$20.46 million USD, indicating strong liquidity. As Solana’s ecosystem continues to expand, Jito stands to benefit from its role in improving transaction speeds.
Short-term Price Prediction
Positive Scenario: If the positive trend continues, JTO could approach the resistance at $1.68 USD.
Adjustment Scenario: Should the market experience a pullback, the support level at $1.57 USD might hold.