Can JTO reach $2? Here’s what could drive the rally
The post Can JTO reach $2? Here’s what could drive the rally appeared on BitcoinEthereumNews.com. Solana-based liquid staking protocol Jito [JTO] will launch the JTX Trade app. There was speculation of the positive effects it could have for the JTO token, but there were some facts behind the bullish expectations. AMBCrypto had reported in June that JTX Trade would be a unified trading platform, like Hyperliquid, and have perp and prediction market offerings. With 80% of the platform’s fees set to be directed to JTO token buybacks, analysts predicted a 2-5% buyback of the token within the first year of the trading platform going live. Can JTO achieve the expected bullish price targets? Crypto influencer Ansem predicted that the token would climb by 3x, which pointed to a price target of above $1.5. Yet, given the market-wide malaise, a strong recovery could be difficult. Source: JTO/USDT on TradingView On the weekly timeframe, the altcoin has a firm bearish swing structure. Yet, over th