On Saturday, I presented Solana as the token of the day as it managed to run strongly even though the market was falling. Yesterday, I continued with Book of Meme (BOME) on Solana, a MEME token that has gone 20x in a week, gotten a Binance listing, and a whole lot of hype. I am not a big fan myself, but it has still outperformed most other tokens, so it deserved the attention still!
Today, I would like to make TraderJoe ($JOE) the token-champion of the day. I have looked at the token for the last couple of days and it also received the titled yesterday, but I decided to go with BOME instead. But, it has been awesome to see how $JOE has stood strong in the midst of the rough weekend, and currently it is higher than it was before the weekend. What does that mean? While most other tokens are still down more than 10% or more, TraderJoe is actually up more than 50% compared to the price it had on Friday morning (March 15).
What is Trader Joe and its $JOE token?
TraderJoe is the leading decentralized exchange on the Avalanche blockchain. It has been around for a long time and it has proved itself worthy of that role. It has also launched TraderJoe on Arbitrum and Binance Smart Chain, and it recently launched a little brother called Merchant Moe on Mantle.
TraderJoe is a product that is trusted and highly respected, and it is a place for trading tokens, earning as you add funds to liquidity pools and farm, and you can also earn money and fees from the platform by staking your $JOE tokens on the platform.
During the last bullrun the price of $JOE reached $3, so we are still far away from that as it is currently trading at $1.05, but it is good to see that it is moving again. JOE is available on many decentralized exchanges, but you can also buy the token at Binance where it has been listed for several years already.
Which token will be tomorrow's champion? Come back tomorrow to find out!