JTO price is stuck in the bear market while Jito’s income hit $ 410 million

The price of Jito remains in the deep bear market after it falls over 40% since its highest level last year.

Jito (Jto) The largest liquid state and redial network on Solana, traded $ 2.5, bringing its market cap at 787 million dollars.

Third-party data show that Jito became the third most profitable players in the crypto industry after the Teter and Trons (Twitch). Has made $ 411 million This year, making it more profitable than popular chains like Solana (Salt) and Etherum (El).

Jito, who has $ 2.34 billion of property, is still more cost-effective than Lido, the largest liquid cleaning player in the cript, which has over 20 billion dollars of property.

The token was probably harmonized due to tokenomy. It has a maximum offer of 999.9 million tokens against a circulating supply of 301 million. He then unlocks 11.31 million JTO tokens every month, a process that will continue until December 2026. years.

Unlocked tokens are usually group because they introduce new tokens and dilute existing owners. Accordingly, developers have proposed new method Improving his tokenomy and potential price intensity.

If agreements by the Community, Jito will appear tokenomics by introducing a beat and barter, real yield and transfer mechanisms to compensation or transfer. Real binding meters are inspired by the curter, while the purchase and barter process in which protocols are replaced to JTO tokens, and then arranged in partner Daise.

It is unclear that the option will decide the JITO Foundation. However, the chances are that the proposal will be elected in the community that it will improve the JTO Token price.

Cauca analysis Jito

The daily shows that the JTO price has drifted over the last few weeks, even how the protocol revenue increased. She fell from $ 4.3 in December to $ 2.5. The coin moved a little under 25 and 50-day exponentially moving august, a bear sign.

The positive side is in the process of forming the drop-down pattern pattern, a popular sound sign Bullish Reversal. This form consists of two convergent trends of the tilted down. Refusal happens when two lines get to know each other soon.

Therefore, the coin will probably have a strong bullish interruption, the next point to watch it is at $ 4.33, the highest level in December.