JUP falls by 82% from high $ 2.04 to $ 0.36: Jupiter puts Dao voting out of $ 1 trillion volume-174% rally!

JUP falls by 82% from high $ 2.04 to $ 0.36: Jupiter puts Dao voting out of $ 1 trillion volume-174% rally!

market analysis: JUP lists a strong decline despite the milestone in the commercial volume

In the past few weeks, the cryptocurrency market has gone through a remarkable development, especially in the case of JUP, the currency of Jupiter. After the course of JUP had increased to its high level of $ 2.04, cryptocurrency experienced a dramatic decline of 82% and fell to USD 0.36. This crash falls together with Jupiter's decision to suspend the votes within the decentralized autonomous organizational system (DAO).

Despite the significant decline, there are discussions about the potential of JUP for a possible recovery among analysts and investors. In view of the impressive trading volume, which recently exceeded the 1 Billion USD brand, a potential price rally of up to 174% could be in prospect.

The suspension of the DAO votes has triggered concern among investors, as this raises questions about the future governance and the long-term prospects of Jupiter. Nevertheless, the cryptocurrency scene remains volatile, and there are often surprises that can affect the course of cryptocurrencies.

It remains to be seen how the situation will develop and whether Jup can initiate a trend reversal to regain potential investors. The coming days and weeks could be crucial for whether the announced rally will become a reality or whether further price declines can be expected.