When I looked at JTO at
https://www.coingecko.com/en/coins/jito, he had a total daily volume of 212 million dollars, and it was really big. It was divided into 5 exchanges, and the one with the highest volume was Binance, which had around 98 million dollars in more than one day.
And I think it's also pretty good to hold this upcoming bull, in my opinion, because it's the first time it will face this season, and it can probably keep up with the top altcoins in the market as well, which I don't think will also leave.
Well still up to you. Jto tokens are good due to community support via airdrop and its really good to see that it panned out favoring the solana but you should take a deeper reseaech on what they can offer in the long term so that you could see if the investment is good for long term. Its a top notch project on solana who knows what else they can do in the upcoming years.
I think Jito is not profitable more because airdrop community is now looking for other opportunities. Airdrop to early supporters is good at the start but if you have no solid idea, real future road map then only airdrop community support will not live the project for long time. People engaged in JITO dex because investors know that they will be givens tokens for interecting in the dex but once they got their tokens,most of them out of this project and only some Investors still added liquidity or staked tokens for future.
The token price is down now and I am not seeing any real potential in it. There are other projects which are more potential than JTO and I think JTO is now no more profitable.
The airdrop receivers have been continously dumping their tokens to the market while at the same time there are many locked tokens owned by major investors. This is the main problem encountered by the project. There will be a long term dump and believe me or not.
The price of jito may be probably close to the 1 buck soon. Im only saying this caused by it's potentially to happen after seeing what happened when the major investors are dumping their investment to the market.
The big investors of jito will be looking for exit liquidity and there have been hundreds of stories about this. I would not be surprised to see that if we will be seeing a lot of people who used this for long term to lose their money.
The market is facing another big correction this time and all of investors must be so careful with it caused by they can lose their confidence then they will dump their investment which was buying at the top.
I hope people can be patience waiting for the price to go up again in long term.