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- The Jupiter ($JUP) price is currently above $0.6, and could target $1.
- While $1 in May may be tough for bulls, $JUP has rallied significantly in the past month to support bulls.
- Decentralized finance growth amid the upcoming Jupiter Lend launch could be a catalyst.
Jupiter ($JUP) has spiked by more than 11% in the past 24 hours and 21% this past week to hit highs of $0.64.
The decentralized liquidity platform’s native token ranks among the top gainers in the top 100 by market cap, per CoinMarketCap.
As Bitcoin rallied to a new all-time high, fresh interest in altcoins seeped into the $JUP market, with gains mirroring those of Hyperliquid and other decentralized finance projects.
Jupiter targets Solana’s DeFi growth?
Jupiter’s surge that has strengthened this past month received a major tailwind support from the project’s latest announcement.
Eyeing DeFi momentum, Jupiter reveals plans for its new lending product – the Jupiter Lend platform is set for unveiling this summer.
According to details the Jupiter Exchange revealed on Thursday, $JUP could soon become an integral part of Solana’s DeFi market.
This is down to the highly lauded partnership between Jupiter and Fluid, a DeFi protocol designed to boost mass adoption.
If the summer launch happens, Jupiter Lend will be a major challenger to Kamino Finance, currently dominating the Solana lending market with a total value locked (TVL) of $2.6 billion.
Lend is Jupiter’s quest to penetrate this market with a platform that will leverage Fluid’s dual-layer architecture.
A protocol and liquidity layer means the potential for instant liquidity, with users borrowing against their crypto.
Notably, Jupiter is one of Solana’s top DEX aggregators, currently with $2.67 billion in TVL.
Can this launch and other factors help $JUP token’s price?
Jupiter price prediction: Can $JUP reclaim $1 in May?
The $JUP token’s price hovers near $0.61, off lows of $0.54 on May 22, 2025.
With just over a week to go for May, bulls are eyeing a green close as Bitcoin commands attention from institutional investors.
But having reached $0.6, $JUP price has gained by over 100% since hitting lows of $0.3 on April 7.
$JUP also rallied amid a buyback program in February.
The latest upside sees Jupiter’s native token post a fresh bullish outlook.
$JUP’s daily chart has the relative strength index and moving average convergence divergence signalling upward price action.
In this case, a breakout to $0.83 could propel bulls towards the psychological $1 or higher.
On the flipside, a reversal that sends $JUP below $0.57 will likely catalyze a revisit of support around $0.47.