What Is JOE Cryptocurrency?
JOE is a token powering the popular Trader Joe decentralized exchange. Many blockchain enthusiasts think that JOE is a good investment because it’s a multi-functional, high-utility token, which serves numerous various purposes on the Trader Joe platform.
Trader Joe is the decentralized exchange (DEX) built on the Avalanche (AVAX) blockchain. It’s worth noting that AVAX was one of the fastest-growing crypto assets of 2021, and is currently the 12th largest cryptocurrency by market capitalization.
Since the popularity of AVAX keeps growing, the future of the Trader Joe decentralized exchange looks very promising. It’s very likely that it will soon become a serious competitor to DEXs like Uniswap and PancakeSwap, built on Ethereum and Binance Smart Chain blockchains respectively.
Trader Joe was founded in June 2021, which makes it one of the newest decentralized exchanges in the crypto ecosystem. However, even in such a short time, Trader Joe managed to achieve considerable success, and the platform has already accumulated over $4 billion in assets.
However, the most interesting feature of the Trader Joe DEX and the reason why blockchain analysts think that JOE is a good investment is that it’s not just another decentralized exchange – it’s a multi-functional, powerful DeFi platform built on the Avalanche blockchain.
Why Is JOE a Good Investment?
Most DEXs on the market focus on providing only traditional spot trading functionality – in other words, they mostly allow buying and selling digital currencies. Trader Joe is different: aside from the basic usability of a typical decentralized exchange, it also provides blockchain enthusiasts with the ability to trade crypto with leverage and to benefit from advanced DeFi features.
Trader Joe is definitely one of the most DeFi-oriented crypto marketplaces in the blockchain ecosystem. The mission of Trader Joe is to allow people to use various DeFi features in a single, powerful platform – this includes functions such as swapping, staking, yield farming, borrowing, lending, and leveraged trading.
In other words, JOE is a good investment because it can provide you with a variety of different passive income opportunities. You can stake tokens in liquidity pools on Trader Joe to earn more JOE tokens, or you can lend JOE on the Banker Joe decentralized lending platform to gain interest.
Another reason why JOE is a good investment is that it is currently one of the most undervalued DEX-related tokens on the market. The JOE price is now over 50% down from it’s all-time high achieved on November 21st, 2021, which means that JOE tokens can be purchased at a very attractive price.
Will the JOE Token Reach $10?
JOE will almost certainly reach $10 in the foreseeable future, as many experts consider that to be a very realistic JOE price prediction. To reach $10, JOE would have to increase in price by only 5x, which means that JOE might surpass $10 very soon!
Where to Buy JOE Crypto?
Although JOE is a rapidly growing cryptocurrency, it is still not available on most exchanges. Aside from Trader Joe, you can buy JOE tokens on exchanges such as Gate.io, MEXC, Pangolin, BKEX, AEX, and ZT. The fact that JOE crypto has not been listed on Binance and Coinbase yet is great news for the investors – when JOE is listed on major exchanges, the price will definitely skyrocket, which means that JOE is now very undervalued!
Do You Need AVAX to Buy JOE?
The Trade Joe decentralized exchange is built on the Avalanche blockchain, but you don’t have to be an AVAX holder to buy JOE tokens. You can purchase JOE crypto for popular cryptocurrencies like ETH or USDT.
Is Joe a good Investment ?
Joe is a high-quality cryptocurrency with very strong technologic fundamentals. It is built on one of the most rapidly growing blockchains in the ecosystem, powers an innovative DEX that’s quickly gaining popularity, and includes many different DeFi features. All these factors contribute to the fact that JOE is a good investment, and that the price of the JOE token will almost certainly keep growing in the foreseeable future.