Jito (JTO) is currently in a deep bear market, falling over 40% from its peak in December. Despite this, it remains the third most profitable player in the crypto industry after Tether and Tron. It has made $411 million this year, surpassing larger chains like Solana and Ethereum. Jito has proposed revamping its tokenomics to potentially boost its price, introducing buybacks and barter, real yield gauges, and rewards or fee switch mechanisms. The token's price has pulled back in recent weeks, but it is forming a falling wedge pattern, suggesting a possible bullish breakout in the future. The next key level to watch is at $4.33, its previous high in December.



Other News from Today