JITO (JTO) Price Prediction 2023-2030: Will JTO Price Hit $10 Soon?
- Bullish JITO (JTO) price prediction ranges from $6 to $12.
- Analysis suggests that the JITO price might reach above $10.
- The JITO bearish market price prediction for 2023 is $2.6.
What is JITO (JTO)?
Jito Network is a liquidity staking platform built on Solana. It is a major contributor to the Solana ecosystem through its JitoSOL liquid staking pool and its collection of MEV products. Users can exchange their SOL for JitoSOL. In return, holders get the chance to maintain SOL’s liquidity and DeFi opportunities while earning yield from staking. Furthermore, JitoSOL provides its holders with additional rewards from transaction revenue associated with MEV extraction on Solana.
Maximum extractable value (MEV) describes profit opportunities attributable to the specific order of transaction execution. For example, a large swap on Orca can lower the pool’s price below that of Raydium or Serum. Traders will race to profit from that price difference and this arbitrage is considered MEV.
The Jito Foundation was created to minimize the negative impacts of MEV, equitably distribute the profits, and increase transparency. Jito published an open-source validator cl…
The post JITO (JTO) Price Prediction 2023-2030: Will JTO Price Hit $10 Soon? appeared first on Coin Edition.
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JITO (JTO) Price Prediction 2023-2030: Will JTO Price Hit $10 Soon?
- Bullish JITO (JTO) price prediction ranges from $6 to $12.
- Analysis suggests that the JITO price might reach above $10.
- The JITO bearish market price prediction for 2023 is $2.6.
What is JITO (JTO)?
Jito Network is a liquidity staking platform built on Solana. It is a major contributor to the Solana ecosystem through its JitoSOL liquid staking pool and its collection of MEV products. Users can exchange their SOL for JitoSOL. In return, holders get the chance to maintain SOL’s liquidity and DeFi opportunities while earning yield from staking. Furthermore, JitoSOL provides its holders with additional rewards from transaction revenue associated with MEV extraction on Solana.
Maximum extractable value (MEV) describes profit opportunities attributable to the specific order of transaction execution. For example, a large swap on Orca can lower the pool’s price below that of Raydium or Serum. Traders will race to profit from that price difference and this arbitrage is considered MEV.
The Jito Foundation was created to minimize the negative impacts of MEV, equitably distribute the profits, and increase transparency. Jito published an open-source validator cl…
The post JITO (JTO) Price Prediction 2023-2030: Will JTO Price Hit $10 Soon? appeared first on Coin Edition.
Read More
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