Shayan Chowdhury
Key Takeaways
- Jito price faces bearish pressure around $2.4.
- Our Jito price prediction expects the JTO price to record a maximum level of $5.53 in 2024.
- In 2030, we expect the JTO price to achieve $57.27.
In December 2023, the Jito (JTO) token airdrop garnered significant attention for the Solana blockchain, which had been facing challenging times. The event also highlighted the importance of liquid staking on Solana while empowering holders to influence platform governance.
Based on these developments, we’ve compiled our Jito price prediction, explored the factors behind these forecasts, and provided insights into the role and utility of the JTO token.
Overview
| Cryptocurrency | Jito |
| Token | JTO |
| Price | $2.4 |
| Market Cap | $500,964,185 |
| Trading Volume | $221,358,332 |
| Circulating Supply | 1,000,000,000 JTO |
| All-time High | $5.28 |
| All-time Low | $1.43 |
Jito Technical Analysis
| Metric | Value |
| Current Price | $2.4 |
| Price Prediction | $ 8.51 (228.45%) |
| Fear & Greed Index | 37 (Fear) |
| Sentiment | Bearish |
| Volatility | 17.08% |
| Green Days | 15/30 (50%) |
| 50-Day SMA | $ 2.50 |
| 200-Day SMA | $ 2.90 |
| 14-Day RSI | 47.35 |
JTO Price Analysis
Jito price faces bearish pressure around $2.4
- JTO price analysis shows a bearish pattern as it hovers around $2.4.
- Resistance for JITO is present at $2.8
- Support for JTO/USD is present at $1.9
The JTO price analysis for 13 August confirms that Jito witnessed a bearish pressure as it faced increased selling activity. The price is currently aiming for a drop below $2.
JITO price analysis 1-day chart: JTO price attempts to meet buyers’ demand
Analyzing the daily price chart of JTO tokens, JITO’s price witnessed a bearish correction after bulls failed to defend immediate Fib lines. Over the last 24 hours, JITO price has been on a minor bearish path as sellers pushed the price toward $2.4. The 24-hour volume declined to $15.3 million, showing a decreased interest in trading activity today. JITO price is currently trading at $2.4, decreasing by over 1.1% in the last 24 hours.
The RSI-14 trend line has surged from its previous level and currently hovers around 46-level, showing that bulls are slowly gaining the momentum of the price. The SMA-14 level suggests upward volatility in the next few hours.
JITO/USDT 4-hour price chart: Bearish dominance surges around EMA trendlines
The 4-hour JITO price chart suggests JTO continues to experience bearish activity near EMA lines, creating a negative sentiment on the price chart. As the price continues to hold below EMA lines, bulls are aiming for a break above EMA20 trend line.
The BoP indicator is trading in a bullish region at 0.64, hinting that buyers are trying to build pressure near resistance levels and boost an upward correction.
However, the MACD trend line has formed red candles below the signal line and the indicator aims for a negative momentum, strengthening bearish positions.
Jito Price Predictions: Levels And Action
Daily Simple Moving Average (SMA)
| Period | Value | Action |
| SMA 3 | $ 2.15 | SELL |
| SMA 5 | $ 2.21 | SELL |
| SMA 10 | $ 2.31 | SELL |
| SMA 21 | $ 2.47 | SELL |
| SMA 50 | $ 3.17 | SELL |
| SMA 100 | $ 3.38 | SELL |
| SMA 200 | $ 2.89 | SELL |
Daily Exponential Moving Average (EMA)
| Period | Value | Action |
| EMA 3 | $ 2.36 | SELL |
| EMA 5 | $ 2.38 | SELL |
| EMA 10 | $ 2.45 | SELL |
| EMA 21 | $ 2.68 | SELL |
| EMA 50 | $ 3.06 | SELL |
| EMA 100 | $ 3.15 | SELL |
| EMA 200 | $ 3.07 | SELL |
What to expect from JITO price analysis next?
The hourly price chart confirms bears are making efforts to prevent the JITO price from an immediate surge. However, if the JITO price successfully breaks above $2.8, it may surge higher and touch the resistance at $3.3.
See also Conflux price prediction 2024-2030: Can CFX price lead China’s crypto market?
If bulls cannot initiate a surge, JITO price may drop below the immediate support line at $1.9, resulting in a correction to $1.6.
Is Jito A Good Investment?
For enthusiasts within the Solana community, the introduction of JTO marks a significant event, as it empowers users to participate in governing one of the network’s largest liquid staking protocols—undoubtedly, those engaged with the protocol will have a keen interest in the token. Another critical factor influencing predictions for Jito’s price in 2024 is the progress of the Jito protocol itself. While there’s no specific roadmap to anticipate upcoming enhancements, the unveiling of a future roadmap or the declaration of forthcoming developments could significantly boost interest in the token.
Why is the JTO Price Down Today?
JTO price witnessed a heavy decline in the last 48 hours due to overall bearish market sentiment.
Will JTO Price Reach $10?
JTO price might soon reach the $10 mark in 2024 if the buying demand continues to surge and Jito attracts altcoin investors. However, our JTO price prediction states that it might reach the $10 level by 2026.
Will JTO Price Reach $100?
Due to the effort of the Solana community, JITO Coin’s prices will continue to increase. However, there is currently no indication that the JITO (JTO) Coin will reach $100 in the near future, which is a short-term target.
Is JTO a Good Long-Term Investment?
JTO tokens have gained popularity thanks to strong community support through airdrops, benefiting the Solana ecosystem. However, it’s crucial to conduct thorough research into their long-term potential to determine if they represent a viable long-term investment.
Recent JTO News/Opinions
Jito, a liquid staking and MEV infrastructure project, now leads as the top protocol on Solana with $1.4 billion in total value locked. This equals about 10 million SOL, or roughly 38% of the Solana ecosystem’s $3.7 billion TVL, per DeFiLlama. Marinade is second with $1.37 billion, followed by Kamino ($1 billion), Raydium ($613 million), and Marginfi ($424 million).
Jito Price Prediction August 2024
Over the last few days, JTO coin price has been on a downward trend and it aims to drop below crucial Fib levels. If the BTC price aims for a recovery above $65K this month, we might see a solid recovery in the JTO price.
According to technical analysis, we might see JTO price to record the maximum level of $3.7 and minimum price of $1.2, with an average value of $2.5 throughout August.
See also Avalanche price prediction 2024-2030: Time to buy AVAX?
| Jito Price Prediction | Potential Low | Potential Average | Potential High |
| Jito Price Prediction August 2024 | $1.2 | $2.5 | $3.7 |
Jito Price Prediction 2024
The effects of Bitcoin Halving typically appear 12-18 months afterward, but 2024 might see a different trend due to heightened institutional interest and improved macroeconomic factors.
During the JTO airdrop, the token was available on major exchanges except Kraken, leaving one significant listing announcement to excite traders. However, this impact is likely minor. A critical factor influencing the 2024 Jito price forecast is progress on the Jito protocol. While there isn’t a clear roadmap, the announcement of future developments could boost interest in the token.
Based on technical analysis and forecast data, the projected minimum price of Jito in 2024 is $4.86. The price could potentially climb to a maximum of $5.53, with an expected average around $5.05.
| Jito Price Prediction | Potential Low | Potential Average | Potential High |
| Jito Price Prediction 2024 | $4.86 | $5.05 | $5.53 |
Jito Price Prediction 2025-2030
| Year | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| 2025 | 7.14 | 7.34 | 8.56 |
| 2026 | 10.72 | 11.08 | 12.61 |
| 2027 | 14.94 | 15.49 | 18.79 |
| 2028 | 22.55 | 23.17 | 26.05 |
| 2029 | 33.51 | 34.67 | 39.75 |
| 2030 | 46.60 | 47.99 | 57.27 |
Jito Price Prediction 2025
According to the JTO tokenomics, additional Jito tokens will be released at the close of 2024 and the start of 2025, continuing throughout the year. This increase is likely to exert downward pressure on the value of Jito crypto.
However, 2025 is also expected to showcase the significant impact of the Bitcoin Halving, which could propel crypto markets and tokens to new all-time highs, potentially boosting the Jito token price.
A comprehensive technical analysis of past pricing trends suggests that in 2025, Jito is anticipated to have a minimum price of $7.14. Its maximum price could reach $8.56, with an expected average trading value of $7.34.
JTO Price Forecast for 2026
If the crypto market continues to witness increased institutional adoption, we might see a milestone in the total market cap, resulting in an upward pressure for JTO price.
In 2026, the forecasted minimum price for Jito is $10.72. The coin may reach a high of $12.61, with an estimated average value of $11.08 throughout the year.
Jito (JTO) Price Prediction 2027
Technical analysis indicates that by 2027, Jito is likely to have a minimum price of $14.94. The projected maximum price could reach $18.79, while the average trading price is estimated to be $15.49.
Jito Price Prediction 2028
Projections for 2028 indicate that the lowest expected price for Jito is $22.55. The coin may achieve a maximum value of $26.05, with an average forecast value of $23.17.
Jito Price Prediction 2029
In 2029, Jito is expected to have a minimum price of $33.51. The coin’s value could potentially rise to a maximum of $39.75, with an average price of $34.67 throughout the year.
Jito (JTO) Price Prediction 2030
Looking ahead to 2030, Jito is expected to reach a minimum price of $46.60. Its maximum value could be as high as $57.27, with an anticipated average price of $47.99 throughout the year.
Jito Market Price Prediction: Analysts’ JTO Price Forecast
| Firm Name | 2024 | 2025 |
| Coincodex | $8.5 | $19.74 |
| DigitalCoinPrice | $8.8 | $24.37 |
| Changelly | $4.25 | $6.45 |
Cryptopolitan’s Jito Price Prediction
At Cryptopolitan, we are bullish on the Jito price movements as the coin is expected to surge to new highs by the end of this year. Based on technical analysis and forecast data, the projected minimum price of Jito in 2024 is $4.86. The price could potentially climb to a maximum of $5.53, with an expected average around $5.05.
Jito Historical Price Sentiment
- December 2023: Launched at a value of $2.0608.
- Early January 2024: Dropped below $1.5127.
- April 3, 2024: Reached an all-time high of $4.87.
- However, JTO dropped steeply toward $2.5 by 17 April.
- In May, the price dropped and consolidated around $3.5.
- In June, the price of JTO continued to decline and made a low near $2.
- In July, JTO price fluctuated between $1.6-$3.3.
