Jito (JTO) Skyrocketed More Than 150%, Here's the Cause!

Bittime - Jito (JTO) has stolen the show with a significant price increase. The price of JTO tokens reached $3.90 (Rp61,269.00). This surge marks an increase of more than 150% from its lowest value this year, pushing its market capitalization beyond $300 million (Rp4.7 trillion).

This increase coincides with Solana's important achievement of touching the price of $200 (Rp3,142,000.00), indicating positive momentum in the liquid staking sector.

Jito's Expansion in Liquid Staking 

Jito has grown into a new force in the liquid staking arena, with over 89,000 investors already contributing Solana tokens into its ecosystem. This accumulation has resulted in asset management by Jito reaching more than $1.7 billion (Rp26.7 trillion). By offering an attractive annual yield of 7.90%, Jito further attracts investor participation.

Although relatively new, Jito has shown rapid growth and began to compete with Marinade Finance, a big player in the Solana ecosystem that has a market value of more than $2 billion (Rp31.4 trillion) and 10.3 million Solana tokens controlled, supported by more than 107,500 investors.

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Increased Crypto Staking 

Jito, along with Marinade Finance, played an important role in the rapid expansion of the liquid staking sector. The platform is gaining significant attention within the Solana crypto community, which occupies the fifth largest position with a market value of over $85 billion (Rp1.3 quadrillion), with most of its tokens staked, reaching over $72 billion (Rp1.1 quadrillion) according to StakingRewards.

Conclusion

The growth of liquid staking marks an important trend in the crypto market, providing flexibility for stakeholders to access their funds and rewards faster than traditional staking methods. The positive momentum from Solana and Jito has attracted the interest of the crypto community. Industry observers are enthusiastically observing the development of these two platforms. 

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How to Buy Jito (JTO) on Bittime

You can buy and sell Jito (JTO) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.

Jito (JTO) is available on Bittime with the market pair JTO/IDR. To be able to buy JTO IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.

Learn the complete guide on how to buy Jito (JTO) on Bittime.

Monitor the price chart movements of Jito (JTO), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

8 Altcoins That Can Turn $1,000 Into Millionaires, Is It Really as Attractive as BTC?

Solana (SOL) 2024: A Comprehensive Guide for Beginners

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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.