Recently, the entire cryptocurrency world and the X (Twitter) community focused their attention on a single altcoin. Following an airdrop on the SOL network, the Jito (JTO) coin is said to have made even the smallest participants wealthy, with statements about it coming one after another. Binance may have once again taken the lead, announcing that they will initiate futures trading in a swift decision, pushing the news of crypto exchanges’ listings to a new level.
Jito (JTO) Futures Trading to Begin
According to Binance’s announcement, Futures trading for Jito (JTO) will commence. With the SOL network recently regaining its strength, coins utilizing the SOL network are seemingly becoming more prominent among altcoins.
The announcement by Binance regarding the Futures listing is as follows:
Dear Binance Users,
Binance Futures will launch the USDⓈ-M JTO Perpetual Contract on 08-12-2023 at 10:00 (UTC) with up to 50x leverage.
More details about the USDⓈ-M JTO Perpetual Contract can be found in the table below:
Current Price Status of SOL and JTO
Following the FTX crisis last year, Solana experienced a significant drop. At the beginning of 2023, while it was thought that the price of SOL was increasing due to the rise in BTC price, SOL’s price seemed to diverge from BTC and began its unstoppable rise. As of today, its price has climbed above $70 from the $9 level it had fallen to a year ago.
Following the recovery of the SOL network, the airdrops performed have also started to gain importance. Most recently, the Jito (JTO) airdrop took place, and upon the emergence of the news, joy became the dominant sentiment in the cryptocurrency world.
The price of the altcoin increased by 1800% within one day, attracting the attention of all cryptocurrency exchanges. The successive listing announcements further increased the focus and intensity on the altcoin. The emergence of JTO could pave the way for investors to pay more attention to potential new airdrops on the SOL network.