#jager keep an eye on?! Factors Contributing to the Rise
Deflationary Mechanism: JAGER operates with a system that burns tokens with each price increase, reducing the total supply and increasing scarcity. This mechanism has been highlighted as one of the main drivers of the recent rally, creating a cycle of appreciation that attracts more investors.
Strong Community Engagement: The distribution of 90.5% of the total supply (14.6 quadrillion tokens) through airdrops to active users on the BNB Chain, Solana, and Ethereum networks has strengthened the project's support base. This engagement is reflected in the optimism on social media, with 53.11% of tweets about JAGER being positive, according to data from Coinbase.
Market Activity: Despite periods of low volatility, as reported by Coinbase with trading volumes of R$ 0.00 on some days, exchanges like MEXC recorded a volume of US$ 1.13 million in 24 hours, indicating a recent increase in market activity. CoinGecko also points to a volume of US$ 906.057.41, with a 6.7% increase compared to the previous day.
Market Sentiment: The positive sentiment in the market, especially on platforms like X, has amplified the visibility of JAGER. Recent posts highlight the coin as a "once-in-a-lifetime opportunity" and suggest that major players are starting to take notice, which may further increase volume and price.