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  • 🪐 ONE token better than SOL?

🪐 ONE token better than SOL?

PLUS: problems with Kucoin

GM everyone. This is 2036. We scroll for gems all day so you don’t have to.

Here’s what we’re serving up today 🍲: If Solana continues to outperform this cycle, one coin in particular could do well. And no, it’s not a memecoin.

Let’s dig in.

It’s no secret that I believe Solana will be one of the biggest winners of this bull market.

The chain is by far the fastest and cheapest - and it has the best memes.

Remember, that’s what retail investors want. They don’t really care about decentralization or security. Instead, they want to make money and have fun.

By now, the bet on Solana is starting to pay off. Recently, it surpassed Ethereum in 24-hour trading volume.

And there’s a way to get exposure to all this trading craze without holding memecoins…

You see, most of the trading volume on Solana takes place on Jupiter.

No - not the planet. Jupiter is the leading decentralized exchange on Solana.

And luckily for us, it has a token - JUP.

Here’s why I think Jupiter is interesting…

1/ It’s user-friendly 🤓

Jupiter is by far the easiest decentralized exchange to use. Don’t take my word for it - you can try it yourself here.

2/ It’s a lot more than an exchange 🏦

Jupiter is the exchange I wish I had when I first started on Ethereum many moons ago.

It offers perpetual futures - meaning anyone can trade Bitcoin, Ether, and SOL on leverage without much upfront capital (go easy on it, though).

And it has JLP - a liquidity pool that pays 125% yield on a mix of stablecoins, bitcoin, ETH and SOL.

i.e. you can trade more than you can afford and stack all your profits in a vehicle that doubles every year. Not bad.

3/ It generates a ton of fees 💸

If Solana continues to be the #1 hub for memecoin trading this cycle, Jupiter will continue to accrue enormous trading fees.

It already makes ∼$1M per day.

If these fees get redistributed to token holders in the future, it will make a strong case for holding JUP.

4/ It trades like SOL on steroids 💉

Where SOL goes - JUP goes a little further. We call this beta.

SOL up 📈 = JUP up a lot 📈📈

SOL down 📉 = JUP down more 📉📉

The JUP token trades like leveraged exposure to Solana. And if Solana continues to climb, I expect JUP will climb even more.

And that’s the beauty of it.

Solana is home to a ton of memecoins. But these have a life of their own.

WIF and BONK don’t move in tandem with SOL.

So if you:

  • don’t want the volatility of memecoins, but

  • still want leveraged exposure to the Solana ecosystem

… then it makes sense to keep JUP on your radar.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.