Jito Coin Price Prediction 2024, 2025, 2030

JITO price prediction

The Jito (JTO) token airdrop in December of 2023 brought a lot of light and attention to the Solana blockchain, which had not had a great few years. It also raised the profile of liquid staking on Solana and gave holders a say in platform governance.

With this in mind, we have made our Jito price predictions, discussed what has informed those price predictions, and covered what JTO is and what it is used for.

Jito Coin Price Prediction 2024-2030

  • Jito was launched on December 7th, 2023, with an opening price of $1.7904
  • It hit its all-time low of $1.62 within 24 hours of launch
  • Jito hit its all-time high (ATH) of $4.39 within 48 hours of launch
  • Since then, the price seems to have stabilized around $3 and we predict a high of $3.60 for the end of the year
  • In 2024 we expect Jito to remain in a range between $2 and $4.50
  • In 2025 JTO is expected to follow the rest of the crypto market and hit highs of $10.24, keeping a high average throughout the year of $8.50
  • For 2030 we expect Jito to be trading in a slim and stable range between $1.90 and $5

Year Low Price Average Price High Price
2024 $2.00 $3.50 $4.50
2025 $2.50 $8.50 $10.24
2030 $1.90 $3.50 $5.00

Jito Price History

Jito was initially airdropped to participants on December 6th, 2023, and the claiming window opened on December 7th, 2023, at 4pm. The earliest price data for Jito on CoinMarketCap states a price of $1.7904, valuing the total airdrop, of 90m tokens, at just over $161 million.

In its first few hours of trading, JTO climbed above $2 and dipped to its all-time low of $1.62. Within 24 hours, JTO was priced above $3.50 and continued to climb higher, hitting its ATH of $4.39 just over 48 hours after launch, on December 9th.

From here, JTO trended steadily downward, receiving a little support at $3.50 and $3 before, at the time of writing, trading for $2.95.

JTO all-time price chart

Jito Price History Summary

  • The Jito governance token, JTO, was launched through an airdrop on December 6th, and started trading on December 7th, at a price of $1.7904
  • It hit its current all-time low, of $1.62, within 24 hours of launch
  • Within 24 hours of launch the price of Jito had more than doubled, climbing to a daily high of $3.6792
  • Just over 48 hours after launch the Jito token hit its ATH of $4.39
  • Since that high it has steadily slid down the charts and, at the time of writing, showed signs of consolidating around $3

Jito Price Prediction 2024

2024, following on from the spectacular end to 2023, looks set to be a great year for the crypto markets for multiple reasons:

While the effects of the Bitcoin Halving event are, historically, not felt until 12–18 months after the event itself, this might be different in 2024, with the combination of increased institutional interest in the crypto markets and improvements in the macroeconomic climate.

The Halving is expected to happen in April or May, and any effect it has is likely to only be enhanced by the approval of a Bitcoin ETF earlier in the year, and the trillions of dollars of institutional money that is expected to flow into the crypto markets with it.

At the time of the JTO airdrop the token was already made available for trading on almost all of the biggest exchanges, except Kraken. This means that there is only one listing announcement that might really excite traders and boost volumes and prices, however this is a very minor point.

A final, and very important thing affecting a Jito price forecast for 2024 is any development on the Jito protocol. There is no concrete roadmap for us to get excited about any future developments, however, the release of a roadmap or announcement of future developments could spike interest in the token.

Overall, things look positive for the wider crypto market and JTO in 2024. This is why our Jito price prediction for 2024 is a high of $4.50, an average price of $3.50, and a low of $2.

Jito price page on CoinMarketCap

Jito Price Forecast Long Term Outlook – 2025-2030 Predictions

While it might be difficult to make solid JTO price predictions—or predictions on any coin for that matter—for the long term, there are a few things we can factor into predictions that look further into the future.

JTO Price Prediction for 2025

At the end of 2024 and the beginning of 2025, is when more Jito tokens are going to be released, per the JTO tokenomics. This will continue throughout the year, putting downward pressure on the Jito crypto price.

However, 2025 is when we expect to feel the full effect of the Bitcoin Halving, and expect the crypto markets and tokens to be posting new all-time highs. Putting upward pressure on the Jito token price.

From this we expect a measured rise in the JTO price throughout the year as token holders and vesting recipients steadily take profits. As a result, our Jito price prediction for 2025 sees a high of $10.24 as JTO bumps against the psychological barrier of $10 and people take profits, and lows of $2.50, with a high average price of $8.5.

Jito Price Prediction for 2030

Looking out to 2030 it is even harder to predict what the situation will be. But, with optimism, we expect cryptocurrency to be seeing a healthy level of adoption and use around the world. If Solana is a blockchain that has been widely adopted, and Jito has kept its position as one of the top liquid staking platforms on Solana, then we can expect the JTO token to be faring well.

2030 is, however, the year where we could be coming off the highs of the 2028 Bitcoin Halving that could reverberate in 2029.

As a result, our Jito price prediction for 2030 is a high of $5, a low of $1.90, and an average price of $3.50.

Potential Highs & Lows of Jito Coin Price

Here is a summary of our price predictions for the future price of the Jito governance token, JTO.

Year Low Price Average Price High Price
2024 $2.00 $3.50 $4.50
2025 $2.50 $8.50 $10.24
2030 $1.90 $3.50 $5.00

What do Other Analysts Predict for Jito Coin?

Jito’s dominance of headlines did not go unnoticed, and many other analysts have completed a Jito coin forecast for the future. We’ve summarized some of those here.

The CoinCodex platform predicts that Jito will break the $10 barrier in 2029 and sees highs of $8.76 in 2025.

CoinCodex

The Coin Edition website offers a bold prediction for Jiito in 2024, stating that they expect “JTO to trade at a price, not below $15 by the end of 2024.”

Coin Edition

On the BeInCrypto website, Valdrin Tahiri predicts that JTO will sit in a tight range between $4.04 and $4.79 for 2024, with an average price of $4.17.

BeInCrypto

The Bitget website predicts a very linear growth in the price of Jito, with gains of 10% by 2025, and a price of $3.26, and gains of 40% by 2030, and a price of $4.16 per Jito.

Bitget

The Crowdwisdom website aggregates price predictions, and finds that the internet predicts a price of $8.41 for JTO in 2025, and also lists a price of $25.10 for 2030.

Crowdwisdom

What is Jito Coin and What is it Used For?

JTO is the governance token of the Jito protocol, Solana’s 2nd largest—by a very fine margin—liquid staking platform. JTO was airdropped to users of the platform in December 2023, and this saw the token start trending, making waves in the news as the whole crypto market was on the rise.

What is Liquid Staking?

Liquid staking protocols allow users to stake the native tokens of a proof-of-stake blockchain, like Ethereum and Solana, that doesn’t natively support liquid staking (like Cardano does). Liquid staking solutions are provided by 3rd parties, who control the staking aspect of a user’s assets for them. In return, they provide the user with a liquid staking token.

Example: deposit SOL into the Jito protocol and receive the liquid staking token jitoSOL in return

This token represents the user’s staked tokens and can be used to redeem them, and any rewards associated with them.

In the meantime, this token can be used as any regular token on the blockchain and, as each token represents a minimum of 1 SOL, they are readily accepted in DeFi protocol and essentially allow for the value of the original token to be applied twice: staked, earning the user staking rewards, and used in DeFi, earning the user yields.

The Jito Protocol

Jito is a liquid staking protocol for Solana, akin to the popular LIDO liquid staking protocol on Ethereum. On Jito, users stake their SOL and receive the liquid staking jitoSOL token in return. Jito is, however, no ordinary staking protocol, and they have developed their own validator client for Solana—forked from the Solana validator client and open sourced on GitHub—that helps to achieve MEV for its stakers by enabling native transaction bundling.

What is MEV?

Maximum Extractable Value, or MEV, in the blockchain world, is a focus of miners and validators who wish to maximize the returns from their mining and validating operations.

They do this by reordering the transactions in the blocks they mine—specifically, they will add transactions from the memepool that have paid higher fees, and remove those that have paid lower fee. Thus increasing the amount of rewards they—and their delegators for validators—receive from their activities.

Jito only stakes the SOL deposited by users to MEV-enabled validators, i.e., those using their software to improve their value extraction. These validators, and their nodes, must meet performance and decentralization criteria to receive stake from Jito—helping to keep a focus on these two elements of the network, not just the the maximization of profits.

The Jito validator client has a Block Engine which simulates every transaction bundle (sent to it by traders hoping to have theirs included) and sends the most profitable batch of transaction bundles to the block leader for inclusion in their block—enabling the extraction of maximum value, which is then distributed to them and their delegates. So far, three different companies have completed multiple audits on different version of the Jito platform.

MEV powered staking rewards

Due to its low transaction fees the Solana network faces spam from arbitrage traders, which slows down the network for genuine users. The Jito Block Engine and validator is an effort to eliminate this unnecessary spam by excluding such transactions.

So, Jito aims to eliminate spam from the Solana blockchain while simultaneously increasing rewards for stakers. It is estimated, by Jito, that validator revenue could increase by 20% or more as the Jito validator client is adopted across the Solana network. At the time of writing, there is 6.4 million SOL in the Jito liquid staking protocol, with 75k jitoSOL holders receiving an APY of 6.96% on their stake.

Where Can You Use jitoSOL?

The liquid staking token jitoSOL can be put to work generating yields in numerous DeFi protocols on the Solana blockchain. To encourage the use of this and its protocol, Jito have built a DeFi Dashboard that has integrated with numerous Solana DEXes and margin projects to show users where they can get the best returns and yields on their jitoSOL.

The JTO Airdrop

On November 25th, 2023, a snapshot was taken of the Solana blockchain, and addresses which controlled any jitoSOL were marked for the JTO airdrop, which would distribute 90m tokens (10% of the JTO supply) to users.

The airdrop claim window opened on December 7th, 2023, the same day JTO hit the markets, and those eligible to receive JTO have up to 18 months to claim their tokens—however, 70% of tokens were claimed within the first 24 hours.

What is the JTO Token Used For?

JTO is the governance token of the Jito liquid staking platform, and it will be used to govern the DAO and treasury of the Jito platform. It allows users to actively participate in the governance and development of the Jito protocol.

Jito Coin Overview

The table below covers the need-to-know stats for the JTO token.

Cryptocurrency Jito
Ticker Symbol JTO
Rank #53
Price $2.95
Price Change 24H -10.52%
Market Cap $339,638,843
Circulating Supply 115,000,000 JTO
Trading Volume 24H $494,469,658
All Time High $4.39
All Time Low $1.62

What Influences the Price of Jito?

The price of the JTO token can be influenced by factors from the wider crypto market, the Solana ecosystem, and the Jito ecosystem and protocol.

Crypto Market Movements: As the big coins in the crypto market, i.e., Bitcoin, fluctuate in price, so does the value of all the altcoins. JTO will be susceptible to these movements, climbing and falling with the fortunes of the rest of the crypto market.

Price of Solana: Solana was heavily tied to the now disgraced FTX exchange, and when FTX collapsed at the end of 2022, Solana went down with it, losing 96% of its value and trading for just over $10—in comparison, Bitcoin lost 74.5% of its value in that time. If the Solana blockchain sees anything like this again, we can expect many users to liquidate their holdings and sell their jitoSOL and SOL tokens. All of which would have a hugely negative impact on the price of JTO.

Governance Votes: JTO is used to vote on governance proposals for the Jito protocol. If a vote comes up that is highly contested, with huge implications for the future of the protocol, then demand for JTO could skyrocket as both sides try to tip the vote in their favor.

Jito Upgrades: Any big upgrades to the Jito protocol, or growth in its popularity, could see a spike in interest or demand for the JTO token, consequentially pushing up its price.

JTO Token Emissions: The JTO airdrop in December 2023 was the first release of JTO tokens, and represented just 10% of the supply. As more tokens are released to investors, the community, and the team, there is the potential that it will water down the supply and, consequentially, the price. Read the JTO announcement blog post to find out more about JTOs tokenomics.

Is Jito a Buy?

For followers of the Solana ecosystem the launch of JTO represents an important milestone, in the sense that users can now have a say in the governance of one of the network’s biggest liquid staking protocol—those who use the protocol will certainly have a vested interest in the token.

For those outside, there is perhaps the possibility to capitalize on this interest with the price of JTO. Come 2025, however, more and more JTO tokens will be released to initial investors and to the developers and Foundation to fund elements of Jito’s growth. Will this put too much downward pressure on the Jito price in 2025? Time will tell.

However, in the very likely scenario that governance votes will be put forth in 2024, we can expect the JTO token to be coveted by those who have an interest in the platform’s success—which includes not just users but, potentially, the whole Solana ecosystem.

Conclusion

The JTO airdropped came as the crypto market was on the up, and the size of it got many people, even those outside Solana, excited and talking about the underlying liquid staking protocol.

While Jito might be the most hyped token on the block for one week in December, that doesn’t necessarily mean it makes it onto the list of best cryptocurrencies to buy in 2024.

References

FAQs

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Ben Beddow

Ben has been a freelance writer for almost a decade and started writing in the cryptocurrency space in 2019. Since then he has produced both technical and promotional content for layer 2 protocols (Milkomeda), blockchain development companies (dcSpark and Emurgo), and written content for his own ecosystem mapping website.