Multicoin: We are optimistic about JTO, which has 4-5 times of growth potential
On March 4th, Multicoin Capital released a 45-page JITO asset valuation report. Multicoin Capital stated that over the past three years, through its hedge funds and venture capital funds, it has accumulated a considerable position in the native token JTO of Jito Network.
Multicoin Capital's optimistic valuation price for JTO is $11.63, which is 4.45 times the 7-day Time-Weighted Average Price (TWAP) of $2.61 as of March 3, 2025. After the publication of Multicoin Capital's Jito report, the price of JTO quickly rose from $2 to around $2.4, an increase of nearly 20%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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