03 Jun 2024 Arjun Agarwal
JASMY Skyrockets; Can The Price Per Token Reach $1?
The cryptocurrency community has recently taken a keen interest in JasmyCoin (JASMY). Right now, it costs $0.03565. It saw an increase of 2.10% yesterday, 44% during the previous week, and 115% in the last month. Thanks to its impressive performance, its market value has increased to $1.75 billion. It now ranks as the 61st largest cryptocurrency on CoinMarketCap as a result.
Source: CoinMarketCap
Jasmy Sees Increasing Costs; $1 by 2025?
According to daily analysis, there is a chance that the price of JasmyCoin will rise. However, a correction is likely if the price falls below $0.024414. After the recent surge and the new yearly high, many people are curious whether JasmyCoin will reach $1 by the end of 2024. Yes, given that the EMA, SMA, and MACD indicators provide a buy signal, it is likely that $JASMY will reach $1 during this bull market.
Its recent surge can be attributed to a number of factors. The AI-focused program JANCTION AI is starting to attract interest. The announcement that 100 million JasmyCoins will be locked away is also encouraging since it could increase demand.
Additionally, there have been rumors of a partnership between Jasmy and Apple regarding the use of JasmyCoin to integrate Japan's "My Number" ID features into Apple products.
Based on technical aspects, the analysis of JasmyCoin, popularly referred to as Japan's Bitcoin, is highly positive. SMA and EMA both indicate that you should buy. The relative strength index, or RSI, is currently 77.3, indicating that the coin is overbought and may see a brief bearish trend. A positive trend is indicated by the MACD, or Moving Average Convergence Divergence indicator, which also shows buying pressure. Resistance levels are found at $0.02344, $0.02576, and $0.02952, while key support levels are found at $0.00986, $0.01361, and $0.01593. Price increases could result from their breakdown.
Top-Tweeted Cryptocurrencies: JasmyCoin
The most tweeted altcoin on X this past weekend was still $JASMY. As previously stated, the proposed partnership with Apple is the primary cause of the current interest. If the rumors are confirmed, the JasmyCoin ecosystem would gain a significant amount of value. But there are also dangers and difficulties. Because of the extreme volatility of the cryptocurrency market, changes in regulations could change how people view the market. Additionally, costs might go down if the planned Apple partnership does not materialize.
These days, $JASMY, $VRA, $BRN, $RIO, $ROSE, $PROPS, $CSIX, $UPO, $NAKA, and $DIONE are the most frequently tweeted altcoins. Among the top performers, $JASMY is generating a lot of buzz and interest in the cryptocurrency world.
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