$JUP is up just 0.31% on the week while Jupiter has shipped the most useful lending change on Solana this year, and I think that gap closes upward.
Lend v2 lets borrowed assets keep earning trading fees while they're out on loan. Normally borrowed capital sits idle. Here it still works, so the borrower's real cost drops and the lender's pool stays deep. That's a reason to use Jupiter over a plain lending market, and CryptoPotato covered it.
The bear case is fair. The headlines on the coin's page are about airdrops, $616 million of tokens in the Jupuary distribution, and a pile of fresh supply is what traders worry about. A big claim event can weigh on price for a long time. But that's old supply news. Lend v2 is a product people will use whether or not they like the token.
$JUP trades at $0.3315 right now. If it holds $0.3223, the 24h low, I think it grinds back to the $0.3373 high and breaks it, because sellers had a full day to push it lower and couldn't. If it loses $0.3223, I'm wrong on this and there's nothing to defend. Anyone long from here eats the dip with me.
holding $0.3223 or losing it?
follow me for more calls like this.
Lend v2 lets borrowed assets keep earning trading fees while they're out on loan. Normally borrowed capital sits idle. Here it still works, so the borrower's real cost drops and the lender's pool stays deep. That's a reason to use Jupiter over a plain lending market, and CryptoPotato covered it.
The bear case is fair. The headlines on the coin's page are about airdrops, $616 million of tokens in the Jupuary distribution, and a pile of fresh supply is what traders worry about. A big claim event can weigh on price for a long time. But that's old supply news. Lend v2 is a product people will use whether or not they like the token.
$JUP trades at $0.3315 right now. If it holds $0.3223, the 24h low, I think it grinds back to the $0.3373 high and breaks it, because sellers had a full day to push it lower and couldn't. If it loses $0.3223, I'm wrong on this and there's nothing to defend. Anyone long from here eats the dip with me.
holding $0.3223 or losing it?
follow me for more calls like this.