1⃣ Jupiter, the largest DEX aggregator on the Solana network, is launching its own stablecoin, $JupUSD.
2⃣The stablecoin will increase demand for $SOL as it will be needed for transaction fees.
3⃣ Wider market factors could also help push $SOL further and bring attention to projects like Snorter Token.
Great news for Solana fans! The largest DEX aggregator on the network, Jupiter, is launching its own stablecoin called $JupUSD.
By using its own stablecoin, Jupiter will require $SOL to be used for transaction fees, which creates a new source of demand for the token. With Jupiter already handling almost $20B in trading volume last month, you can see how much potential $JupUSD has.
The move could bring billions of dollars into the Solana ecosystem, significantly boosting the $SOL price. It’s a major step toward making Solana a bigger player in the $304B stablecoin space.
Many believe that the launch of this new stablecoin, along with factors such as potential US rate cuts and the prospect of a spot $SOL ETF, could be the perfect recipe for a major $SOL price surge.
Some analysts are even predicting $SOL could break its all-time high of $300 and possibly climb even higher.
This could be just the beginning of a huge quarter for Solana and its related tokens, especially since the network has a history of launching significant runs for meme coins.
Snorter Bot: A New Player in Telegram Crypto Trading
Snorter Token ($SNORT) is here to help you keep up with the big guys in crypto. It’s the native token for Snorter Bot, a Telegram-based trading bot on the Solana network that’s all about giving regular traders a fighting chance.
$SNORT’s presale has been a huge success, raising over $4.5M, showing investors are excited about a tool that can make crypto trading easier and safer. It’s also expanded to the Ethereum network as well, giving you even more trading options.
Unlike most meme coins that are primarily driven by hype, Snorter has a genuine purpose. The bot is already live in beta and gives you some serious tools right inside your Telegram app.
You can snipe new tokens the second they launch and even copy trade, which lets you automatically copy the moves of wallets that are crushing it.
Snorter Bot’s Secret Weapons: Speed and Security
Snorter Bot isn’t just fast; it’s also cheap and secure. While other bots can charge you up to 2% per trade, holding it’s native token $SNORT gets you a much lower rate of 0.85%. Additionally, you gain access to exclusive features and staking rewards, currently yielding 110%.
On the security front, Snorter has a built-in rug-pull detection system that has already proven to be over 85% accurate in spotting scams before you lose your money. It also features a stop-front-running mechanism, which prevents others from jumping in front of your trades to take advantage of them.
With plans to expand to other blockchains, Snorter is shaping up to be a complete platform for all crypto traders.
Remember, this is not intended as financial advice, and you should always do your own research before making any investments.
Authored by Ben Wallis, Bitcoinist — https://bitcoinist.com/solana-price-prediction-jupiter-launches-stablecoin-and-$SNORT-soars/