Bitcoin, Ether, Solana, Mantra, and more: Cryptocurrencies to watch this week

Founded in 2021, Jupiter is a decentralized cryptocurrency exchange platform built on the Solana blockchain that serves as a bridge for asset transfers to Solana.

Recently, Jupiter burned 3 billion of its circulating tokens. In the crypto world, token burning refers to intentionally removing a specific number of tokens from circulation, reducing the overall supply. This scarcity often drives up the token’s price, adding to its value.

Currently, Jupiter is trading at $1.05, with over an 8.6% jump in a week.

—Rocio Fabbro contributed to the article