Solana News: Multicoin Capital Estimates 3x Growth for Jito’s Token JTO

In a recent update from the Lightspeed newsletter, Multicoin Capital, a prominent investor in the Solana ecosystem, has shared a bullish outlook for JTO, the native token of its portfolio company Jito. Here’s a closer look at the key details and implications of this prediction.

Multicoin Estimates 3x Growth for Jito’s Token JTO

In a segment from the Lightspeed newsletter, Multicoin Capital, an early Solana investor, has estimated a 3x growth for JTO, the native token of its portfolio company Jito. The forward-looking base case priced JTO at $6.80. In 2023 and 2024, Solana startups generated native tokens to reward users and investors, but much of the attention went to how lucrative they were for recipients of airdrops, with utility taking a backseat. With a friendlier regulatory outlook and the airdrop Flow stemming, some are now looking at how these new native tokens can become valuable assets.

4 Explosive Crypto Picks That Could Deliver x125+ in the Next 60 Days

The next two months could be crucial for altcoins, potentially making or breaking many investors. As the market becomes more volatile, wise investors are focusing on major coins with the potential to deliver over 125x gains within this short period. One such coin is Solana (SOL), which is highly preferred by high-frequency traders due to its impressive registration time and minimal charge. SOL is showing strength on charts and could be poised for significant gains.

Solana’s Panic Selling Sparks Interest in New Crypto with 12,000% Growth Potential

Recent turbulence in the Solana (SOL) market has investors seeking new opportunities. A newly emerging cryptocurrency is capturing attention, with speculation it could rise as much as 12,000% in the current bull run. This new coin promises substantial returns, driving investors to explore it as a potential replacement for Solana.

SOL Price Faces Resistance Despite Solana ETF Buzz; IntelMarkets (INTL) Gaining Attention

The SOL price faces resistance, dropping to $139 on Thursday with a 0.36% decline in the last 24 hours and a 2.46% decrease in daily trade volume to $3.04 billion. This signals a possible trend reversal amidst recent developments and macroeconomic factors. While there was buzz around a probable Solana ETF approval, it is fading. Investors are now flocking to IntelMarkets (INTL), an AI-driven platform with larger upside potential and smaller investment cost. Experts claim it can become the next Solana soon.