As the global crypto market opened the day with some positive notes, altcoins also displayed signs of recovery. One such example is Jupiter (JUP), which climbed above 15% in the last 24 hours to $1.26 and tops the gainers list. But, as the hype faded, the price of JUP dropped back to $1.11. However, still the cryptocurrency is up about 27% for the week.
Meanwhile, Ozak AI’s $OZ token is currently in demand as the financial technology company is approaching the end of its presale phase. When the presale started, the token was priced at 0.001 USD and is now priced at $0.003 in its presale phase 3.
With the listing price set at $0.05 offer, the platform provides investors with the possibility of a 5000% gain and the chance to invest in new developments in the fintech industry. Even though experts predict that the $OZ token will hit $1 in 2025 before the leading cryptocurrencies like JUP, DOGE, and SHIB.
Ozak AI integrates AI and blockchain to provide complex predictive analysis using the PA, a unique product of the company. These tools use real-time and past data to give recommendations which can be very useful in the ever-volatile cryptocurrency market.
The main function of the $OZ token is the currency within the Ozak AI ecosystem and its applications – the Ozak Stream Network (OSN) and the Decentralized Physical Infrastructure Networks (DePINs) to provide accurate and truthful information.
Jupiter (JUP) Gains Momentum with Strategic Token Initiatives
Jupiter (JUP) has gained 15% of its price today due to several measures that are being implemented to increase the token value and its usage. This rise occurred at the time when the founder of the platform, Meow, announced that 3 billion JUP tokens would be burnt out. This move decreases the total supply from 10 billion to 7 billion, which create scarcity and potentially driving long-term value for token holders.
Furthermore, Jupiter declared a buyback plan, where 50% of the platform’s charges will be used to buy back JUP tokens. This initiative is consistent with measures to enhance demand while repelling supply, which in turn will enhance the price of the token. The platform has also added Moonshot, a memecoin launchpad that has been getting attention after the launch of the Official Trump memecoin.
The token burn, buyback strategy, and acquisition follow the platform’s latest significant event – the largest user airdrop in the history of Jupiter with 2 million qualified wallets receiving the tokens. These developments have attracted the attention of the market and boosted the price of JUP to $1.26 before it was $1.11 at the time of writing.
However, some warnings appear even though the overall situation seems to be improving. Nevertheless, the technical analysis provides some signals that might warn investors about the possible changes in the price of Jupiter. A death cross pattern has appeared on JUP’s daily chart, with the 50-day moving average crossing below the 200-day moving average. This bearish pattern often signals the possibility of a longer-term downtrend or a significant pullback after a period of rapid gains.
Conclusion
So as the adoption of AI-based products increases, $OZ will be a utility token for exchanging, participating in the reward system, and gaining access to additional analytical tools. This utility combined with the rising adoption of blockchain in the financial sector makes Ozak AI well-placed for future growth and possible outperformance in the cryptocurrency sector.
For more information about Ozak AI, visit the links below:
- Website: https://ozak.ai/
- Twitter/X: https://x.com/OzakAGI
- Telegram: https://t.me/OzakAGI
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