InvestorsObserver gives Jupiter a strong short-term technical score of 98 from his analysis. The proprietary scoring system considers the coin’s trading history over the past month to determine the strength of its short-term technicals. JUP has currently traded better than 98% of coins based on these metrics. Investors focused on recent healthy trading patterns should find the short-term technical rating system most relevant when making investment decisions.
JUP is currently $0.008945 (327.52%) above its 30-day low of $0.002731030 and -$0.011257 (-49.09%) below its 30-day high of $0.02293222. Furthermore, JUP is above its average price of $0.005492030 during the last trading month with its current price of $0.011675685. Overall, Jupiter’s recent trading history suggests that traders are currently bullish on the coin. JUP has a relatively average market cap for a coin with a total market value of $11,666,046.30. Jupiter’s market valuation is relatively average due to the top 100 cryptocurrencies having a market cap above $1 billion and JUP sitting below that mark but remaining above $100 million in market cap. . Meanwhile, Jupiter average volume is average with $32,469,835.37 worth of the coin traded over a typical 24-hour period. JUP volume is relatively average, with the top 100 most traded cryptocurrencies having roughly $100 million worth of cryptocurrencies traded over a 24-hour period and a large portion of the market trading at least $5 million per day. In the last 24 hours JUP volume is below average with $4,522,102.21 traded. Jupiter Subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for cryptocurrency trading, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing, and big data collection, among other things.
JUP’s recent trading over the past month gives it a strong short-term technical score as its recent price movement gives traders a reason to be more bullish on the coin in the short term. Click here for the full Jupiter Report (JUP).