- The Jupiter (JUP) price is presently above $0.6, and will goal $1.
- Whereas $1 in Could could also be robust for bulls, JUP has rallied considerably prior to now month to assist bulls.
- Decentralized finance development amid the upcoming Jupiter Lend launch may very well be a catalyst.
Jupiter (JUP) has spiked by greater than 11% prior 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, contemporary 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 obtained a serious tailwind assist from the mission’s newest announcement.
Eyeing DeFi momentum, Jupiter reveals plans for its new lending product – the Jupiter Lend platform is ready for unveiling this summer season.
In keeping with particulars the Jupiter Alternate revealed on Thursday, JUP may quickly change into an integral a part of Solana’s DeFi market.
That is down to the extremely lauded partnership between Jupiter and Fluid, a DeFi protocol designed to spice up mass adoption.
If the summer season launch occurs, Jupiter Lend might be a serious challenger to Kamino Finance, presently 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 fast liquidity, with customers borrowing towards their crypto.
Notably, Jupiter is certainly one of Solana’s prime DEX aggregators, presently with $2.67 billion in TVL.
Can this launch and different components assist JUP token’s price?
Jupiter price prediction: Can JUP reclaim $1 in Could?
The JUP token’s price hovers close to $0.61, off lows of $0.54 on Could 22, 2025.
With simply over every week to go for Could, bulls are eyeing a inexperienced shut as Bitcoin instructions consideration from institutional traders.
However having reached $0.6, JUP price 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 put up a contemporary bullish outlook.
JUP’s every day chart has the relative energy index and shifting common convergence divergence signalling upward price motion.
On this case, a breakout to $0.83 may propel bulls in the direction of the psychological $1 or greater.
On the flipside, a reversal that sends JUP under $0.57 will possible catalyze a revisit of assist round $0.47.