A friend asked: “Jito protocol revenue is 3.3 times higher than usual. Does that mean $JTO is about to go up?”
Here’s what I said: Higher revenue is a good thing, but a single number can’t determine where the token price is headed. $86,000 over 24 hours is indeed a lot more than the usual $26,000, but a one-day spike could be due to a one-off event. I’d watch it for a few more days before drawing any conclusions.
Just chatting—this isn’t financial advice.
Here’s what I said: Higher revenue is a good thing, but a single number can’t determine where the token price is headed. $86,000 over 24 hours is indeed a lot more than the usual $26,000, but a one-day spike could be due to a one-off event. I’d watch it for a few more days before drawing any conclusions.
Just chatting—this isn’t financial advice.