Jito is a decentralized, Solana-based protocol that enables users to stake SOL with validators. These validators participate in efficient block organization and reward users with JitoSOL, a liquid staking token representing validator rewards and tips. The governance of Jito is handled by the holders of JTO tokens, collectively forming a DAO (Decentralized Autonomous Organization). JTO users can also participate in Governance action across DeFi Platforms on Solana.
Jito Network plays a significant role in the Solana ecosystem through its JitoSOL liquid staking pool and a range of Maximum Extractable Value (MEV) products.
Jito StakeNet, a protocol for Solana Liquid Staking Tokens (LSTs), has been pivotal in transforming Solana DeFi with JitoSOL. StakeNet addresses the centralization issues in Solana LSTs by introducing a decentralized, transparent framework. It features the Validator History Program for detailed validator records and the Steward Program for intelligent stake delegation, promoting informed decision-making and efficiency.
Read about the Jito Price Predictions and our evaluation of Jito Token as an Investment Choice
Total Number of holders: 29,654 [+92 in 24 hours], Top 100 Holders Share: 95.8%[Steady].
Last 7 Days | +5.1% |
Last 30 Days | -5.5% |
Since Launch (Dec 2023) | +16.2% |
Jito JTO price has retreated from $2.2. What are the signals?
JTO price is leaning bullish and likely to trade between $2.0 and $2.1.
JITO is a whale-heavy token, trade with care.
Check out 1000SATs Price Prediction
TVL: $646.9 M (Ranked 32nd-Steady)
APY of 7.4%, and over 146.7k Stakers
Net Social Media Sentiment ($JTO)
Bonk Price Prediction
UTC: Feb 23rd, 2024 12:28 AM
Check out 350 Crypto Price Predictions and Sentiments in 1 page
Yes, Jito JTO Coin can reach $100 if about 50-75% of the Tokens are destroyed
For Jito to reach $100, it would need to increase by a factor of 60. At $100, JTO’s Market Cap will be $11.4 Billion. If Jito were to grow at a rate of 25% each year, it would take about 19 years to reach $100. Let us evaluate this data
Considering the criteria Quality of Investment, growth required, and time required, JTO can reach a price as high as $100 in case of favorable market conditions.
UTC: Feb 23rd, 2024 12:44 AM
Overall Outlook | Partially Bearish |
1. Market’s Wisdom | Partially Bearish |
1a. Market Data | Neutral |
1b. Technical Recommendation | Sell |
2. Crowd’s Wisdom | Neutral |
2a. Social Media Buzz | Steady |
2b. Social Media Sentiment | Steady |
Jito JTO Tokens
JTO token holders can utilize their tokens in various DeFi activities, mainly in liquidity provision. They can pair JTO with JitoSOL on Kamino (TVL: US$7,780,784.33), with SOL on Raydium (TVL: US$2,541,046.41), and with USDC on Orca (TVL: US$2,406,826.79). These activities not only enable users to contribute to liquidity pools but also offer the potential for extra rewards through protocol emissions, enhancing the utility and value proposition of JTO in the DeFi ecosystem.
Utility and role of the JTO tokens in the governance of the Jito Network
Token holders will have the capability to make pivotal decisions to shape Jito Network’s future in alignment with community needs and the broader Solana ecosystem. This includes setting fees for the JitoSOL stake pool, updating delegation strategies, managing the DAO’s treasury, and contributing to the development of Jito’s protocols and products. The Jito Foundation, coordinating these decisions, aims to enhance the staking economy and the Solana network through JitoSOL and related products.
Tokenomics
The allocation of JTO tokens spans various categories, emphasizing community growth, ecosystem development, investor involvement, and rewards for core contributors. A significant portion, 34.3%, is allocated for community growth, including a 10% retrospective airdrop to community members and control of the remaining tokens by DAO governance on the Realms platform. The ecosystem development allocation, comprising 25%, will fund initiatives to expand Jito’s liquid staking protocol and network advancements. Additionally, 16.2% of the tokens are allocated to investors, with a vesting period over three years, and 24.5% to core ecosystem contributors, also vesting over three years.
Investment Potential
Today, The Top 5 Governance Tokens by Market Cap are Uniswap (UNI), Internet Computer (ICP), Aave, Maker (MKR) and Synthetix. Aave, Maker and Synthetix are similar to JTO and all 3 have performed quite well in 2023. Jito is the second largest protocol on Solana and is likely to perform well as Solana itself is expected to perform quite well over the next 5 years. The short-term pricing looks off when compared with Marinade (which is also a bigger protocol on Solana) or even AAVE. The Market cap to DeFi TVL ratio is very high. However, in the long term, this should be a good investment.
The Top 5 Markets for Jito Include
Note: collates Predictions and data from all over the net and has no in-house view on the likely trends of Cryptocurrencies or Stocks. Please consult a registered investment advisor to guide you on your financial decisions.
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