Jupiter, a Solana-based decentralized exchange, has made a significant move by acquiring SolanaFM. Alongside this acquisition, Jupiter has rolled out critical updates aimed at enhancing the Solana ecosystem. One of the most notable features is the RFQ integration, which simplifies liquidity sourcing from exchanges like Binance. Additionally, Jupiter is preparing to launch Jupiter Mobile, a zero-fee application supporting widespread adoption through Apple Pay and Google Pay. These developments have driven JUP to double-digit gains.
Jupiter Acquires SolanaFM
Jupiter, the leading Solana-based decentralized exchange, has officially acquired SolanaFM, a move confirmed by the official X account of SolanaFM. This merger is seen as a step forward in expanding Solana’s ecosystem and boosting liquidity in the market.
FM x JUP
We’re excited to announce that SolanaFM has been acquired by @JupiterExchange, @solana’s leading decentralized exchange. pic.twitter.com/pJ3LA8F8sp
— SolanaFM (@solanafm) September 20, 2024
Major Updates to the Solana Ecosystem
In connection with the SolanaFM acquisition, Jupiter announced a series of updates aimed at improving the Solana ecosystem. These include five major upgrades that will enhance liquidity and support memecoin activity on the Solana blockchain. The integration of RFQ will make it easier for market makers from platforms like Binance to provide liquidity on Solana. Jupiter is also set to release a beta user interface next week to further streamline these operations.
Advertisement Banner
Additionally, Jupiter announced the launch of Perps V2, an updated version of its perpetual contracts platform. Building on the liquidity of Perps V1, the new version introduces features like limit orders, a revamped oracle system, and gasless transactions. To improve user experience, Jupiter is preparing to launch Jupiter Mobile, a frictionless app with zero platform fees. This app will support Apple Pay and Google Pay to attract millions of users to the Solana ecosystem. For memecoin enthusiasts, Jupiter plans to introduce Ape Pro, a comprehensive platform combining trading tools with social engagement and token creation features.
JUP Price Performance and Technical Analysis
As tracked by The Bit Journal, the crypto market has gained momentum following the Federal Reserve’s interest rate decision. Most tokens are trending in the green, with Jupiter (JUP) trading at $0.8850 at the time of writing, reflecting a 13% increase in the last 24 hours. JUP’s price chart shows steady growth, starting around $0.78 and climbing to $0.89 on rising buy activity.
Make developing easier on Solana – with https://t.co/poDy3zp7RG
When building Jupiter, we also upgraded the 3 key APIs that https://t.co/PA52QKAZ6p use today.
Swap, Tokens and Price API.
These APIs are available for anyone with internet to use via the Metropolis APIs.
With… pic.twitter.com/EJpLEcWmkU
— Jupiter 🪐 (@JupiterExchange) September 20, 2024
Technical indicators suggest a bullish trend for this Solana-based token. The MACD shows a positive crossover, with the MACD line moving above the signal line, indicating strong buying momentum. The RSI sits at 63.36, nearing overbought levels but still in neutral territory, suggesting potential for further gains before encountering resistance.
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
