The meme coin spectrum within cryptocurrency is popular for quick highs and dips, largely based on social media hype and influencer endorsements. Venmo co-founder and Solana Seed investor, Iqram Magdon-Ismail, recently launched a JELLYJELLY meme coin, which saw a huge spike of 1000%, reaching a whopping $250 million market cap within just 4 hours of its release.
JELLYJELLY stands out from other meme coins as it is paired with an app called “Jelly”. In this article, let us explore more about the JELLYJELLY token, predict its price movements, and analyze whether it is a good investment.
What is Jelly-My-Jelly (JELLYJELLY)?
JELLYJELLY is a token launched on Solana’s Pump.fun launchpad with the aim of providing early access to the Jelly video-sharing app, which is a growing platform of projects created using Pump.fun. Users can record and share video conversations using the JELLYJELLY token to gain access. More specification details about the token and its utility are still under development.
The video-sharing app is currently available on the Apple App Store and allows users to record and share video call clips while incorporating AI features for automatic captioning, titling, and social media content generation. The app has a TikTok-style feed and tools to create clips, but it is still in its early stages and users have reported some playback issues.
JELLYJELLY Price Surge
The JELLYJELLY token got a boost when Sam Lessin, a co-founder of Venmo and the former VP at Facebook, mentioned the coin in one of his X posts. He talked about its launch, and stated that it was “making the internet fun again”. This attracted a lot of attention to the token, and traders adopted it to make some quick gains.
The token’s price surged quickly, resulting in massive gains for the early traders. The X platform is flooded with posts of many early investors celebrating their huge gains, making millions in profits with a small investment.
JELLYJELLY Tokenomics
- Current Price: $0.05967 (31/01/2025)
- Market Capital: $75.26 Million
- 24-hour trading Volume: $539.99 Million
- Total Supply: 999.99 Million JELLYJELLY
- Circulating Supply: 999.99 Million JELLYJELLY
- Volume/Market Cap (24h): 764.12%
JellyJelly Price Prediction
As a technical trader, it is important to have a clear know-how of a cryptocurrency’s potential price movements and market trends before investing. If you are holding or considering investing in the Jelly-My-Jelly token, you might be wondering about the potential price trajectory of the token and whether it will be a viable investment opportunity.
The JELLYJELLY token has shown major volatility, as is seen in meme tokens. It has moved through a strong bullish breakout, a stage of accumulation, and is now displaying a potential continuation pattern. The price went from $0.0600 to $0.2600, which showed a highly aggressive bullish momentum before it dropped with a healthy correction and consolidation.
Currently, JELLYJELLY coin is trading at around $0.05967, down 67.74% in the last 24 hours.
- Bullish Scenario: If JELLYJELLY price stays up climbing to the trendline near $0.2000 and going above the $0.2400 mark, there will likely be an uptrend continuation. A breakout above $0.2600 will likely increase the price to between $0.3000 and $0.3500 in the short term.
- Bearish Scenario: If the token price fails to maintain support at $0.2000, it is likely to drop to $0.1800. If it goes below that mark, that will recede the token price towards $0.1500.
Where Can You Buy Jelly-My-Jelly Token (JELLYJELLY)?
You can buy, trade, and sell JELLYJELLY tokens on decentralized exchanges and Centralized Exchanges (CEX). The most popular trading pair is JELLYJELLY/SOL. Here are some of the popular exchanges where JELLYJELLY is listed:
- Raydium
- Meteora VD
- Raydium (CLMM)
- Bitget
- Orca
- KuCoin
- MEXC
- Gate.io
- BitMart
- LBank
- Bitunix
- CoinEx
- HotCoin
- WEEX
Is JELLYJELLY a worthwhile investment?
Since it is a meme token and its value and utility are still not properly determined, it is not easy to consider whether JELLYJELLY is a good investment. It is important to note that the current price of JELLYJELLY has gone down by 69.27% from its all-time high. You can consider the coin as a medium-risk investment as of now. Despite its explosive start, many traders voice that they think it will result in a pump-and-dump scheme.
As long as the price remains above the trendline, we can expect a bull momentum from the token. If the buyers force the price above $0.2400, we can expect a breakout toward $0.2600 and above. However, a rejection in the market might push down to lower support levels. It is best to watch the volume closely and manage risks according to that. As with any cryptocurrency, please take time to do your research and consider your risk tolerance before you jump into any investments.
