Solana Crypto News: Jupiter Working Group Supports DAO Development
The Solana crypto landscape has seen a significant development with the introduction of the Jupiter Working Group (JWG) by the decentralized exchange Jupiter. The JWG is a group of independent collaborators aiming to promote the growth of Jupiter and its crypto token JUP, while facilitating coordination within the DAO. The group comprises experienced individuals from the Solana community who have previously worked with well-known applications.
Crypto Panorama on Solana: Jupiter Working Group Backs DAO Development
Jupiter recently announced the launch of the Jupiter Working Groups (JWG), an experimental initiative that brings together leaders in the Solana community to enhance Jupiter’s potential. Over the next few months, various working groups will be formed based on members’ technical skills and community objectives. The first group includes experts from Marinade Finance, Solana Slugs, RadiantsDAO, and Lifinity who have experience in managing communities and implementing effective governance structures.
Analysis of Jupiter’s On-Chain Data and JUP Token Performance
Jupiter, the largest decentralized marketplace aggregator on Solana, has experienced significant growth after distributing $700 million worth of tokens through an airdrop to users. The project has achieved record-breaking trading volumes, swaps, and active traders. However, despite the success, the price of the JUP token has not seen a significant rally since its launch. The JUP token’s future performance depends on its ability to surpass key resistance levels and position itself above certain moving averages. Experts believe that in the medium term, there is potential for a crypto rally and bullish phase for JUP.
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