Jasmy Price Prediction 2024, 2025 and 2030

Michael Graw

Last updated: February 27, 2024 12:53 EST | 12 min read

Jasmy is a well-established cryptocurrency launched in Japan back in 2016. While the project gained traction initially, it has fallen off most investors’ radars since hitting centralized exchanges in 2021.

Now, Jasmy ($JASMY) is back with an explosive 160% move in response to new regulations around cryptocurrency investment in Japan.

Could this be the start of a long-term surge in Jasmy’s price, or is it just a temporary pump? Our Jasmy price prediction will dive into this crypto token’s history, utility, and hype to find out what its future could look like.

Jasmy History

Jasmy was founded in 2016 by a team of Japanese developers including Kunitake Ando, Masanobu Yoshida, Hiroshi Harada, and Kazumasa Sato. The project was developed privately for 5 years before it launched on the BITPoint Japan crypto exchange in 2021.

Soon after, Jasmy began trading on global exchanges like Binance, Coinbase, KuCoin, MEXC, and others.

Jasmy hit its all-time high of $4.79 shortly after listing on BITPoint Japan. In November, when the token listed on Binance, it had fallen to a price of $0.225. For most of 2023 and 2024, $JASMY traded in the range of $0.003 to $0.008.

Immediately before the news that Japan would allow investment firms and venture capital firms to invest directly in cryptocurrency projects, $JASMY was trading around $0.0063. After the news broke, the token immediately jumped 160% to a high of $0.0163.

Jasmy’s last 48 hours have been highly volatile. The token currently has a market cap of $755 million and a price of $0.0153.

Jasmy Price Prediction 2024

While the news that Japan will allow investment firms and VC firms to invest directly in cryptocurrencies delivered a boost for $JASMY in the short term, we’re skeptical that huge additional gains lie ahead for this project.

Jasmy has been trading on global crypto exchanges since 2021. Investors in major crypto markets, including the US and Europe, have had the ability to invest directly in Jasmy for years, yet the token has traded at a rock-bottom price of around $0.004. A rule change in Japan is unlikely to create significant change in Jasmy’s long-term positioning.

On the bright side for Jasmy, this project does have a wider appeal in Japan than in other parts of the world. That’s because Japan is more invested in the IoT economy than other countries and is a major driver for IoT industry growth.

So, we think the rule change will deliver a sustained boost in Jasmy’s price. However, the gain is unlikely to be huge, and most of it may already be realized.

We predict that once the volatility settles down, $JASMY will see inflows from Japanese VC firms that will set a new floor for the token’s price. We think this floor will be around $0.025, which represents an additional 65% increase from today’s price.

However, this outcome is far from certain. If Japanese VC firms don’t make major commitments to $JASMY, the token’s price could collapse back to where it was trading before news of the rule change broke.

Here’s a month-by-month breakdown showing how we predict $JASMY’s price could evolve this year.

Jasmy Price Prediction 2025

In 2025, we predict two possible avenues for Jasmy.

The bullish case for the token is that it picks up steam in Japan. The project could see further investment from VC firms, and even interest from more traditional investment firms. This would provide a huge tailwind for Jasmy and signal to everyday crypto investors—both in Japan and around the world—that this project is worth taking seriously.

There’s a reasonable chance this avenue could happen. The IoT industry in Japan is projected to grow to 9 trillion yen by the end of 2026, and Jasmy is perfectly positioned to grow as IoT devices and data become more common.

On top of that, the crypto market is entering a widely predicted bull run. That could further reinforce investors’ confidence that a project like Jasmy will perform well and encourage additional investment into the ecosystem, pushing up the value of the $JASMY token.

If Jasmy moves in this direction, we forecast the token could see a price of $0.060 by the end of 2025, with a potential high price of up to $0.120. Breaking the $0.10 barrier would be a huge accomplishment for $JASMY.

On the other hand, Jasmy could see its market share diminish further in 2025 if it fails to attract major investments. It’s unclear yet whether VC firms will take advantage of the rule change to invest in crypto projects or whether Jasmy will receive investment over competing crypto projects.

If that happens, we think the price of Jasmy is likely to slide backwards in 2025. We predict a potential low of $0.0050, in the middle of $JASMY’s trading range during the crypto bear market of 2022-2023.

Jasmy Price Prediction 2030

By 2030, it’s possible that Jasmy could be one of the most valuable cryptocurrencies in the world.

At that point, the IoT industry is likely to be enormous and IoT devices could play an important role in everyday life. Jasmy could be at the center of facilitating data transactions between companies and IoT device users, driving enormous demand for the $JASMY token to pay for data.

With that potential future in mind, we predict a potential high for $JASMY of $0.350. That’s a nearly 25x gain from today’s price and represents a market cap of more than $17.5 billion. To put that in perspective, that would make $JASMY the 9th-most valuable cryptocurrency in the world.

However, it’s also possible that Jasmy fails to achieve its potential. If the project fails to gain VC investment or broad traction as the go-to marketplace for IoT-derived data, it could quickly fall into the past.

In this scenario, we think the price of $JASMY could fall to $0.0020 or less. That’s below the token’s trading range in 2022-2023 and represents a market cap of only $100 million.

Possible Jasmy Price Highs and Lows

The table below recaps the potential highs and lows of $JASMY in 2024, 2025, and 2030:

What Are Other Crypto Analysts Predicting for Jasmy?

Jasmy is one of the top cryptocurrencies to watch right now, and many prominent crypto analysts are making predictions about this token. Here are some of the top predictions:

• Matthew Perry predicted that $JASMY would reach a price of $0.01—a milestone it’s already achieved since news of Japan’s rule change broke.
• Jacob Bury predicted a price of $0.049 by the end of summer 2024.
• Crypto influencer Dr.Jasmy! predicted a breakout to $0.029.

The takeaway from these predictions is that many analysts are bullish on $JASMY and think the price surge has room to keep going.

What Is Jasmy?

Jasmy is a cryptocurrency project designed to give individuals control over the data generated by the IoT devices they own. The fundamental idea of the project is that in order to access data from IoT devices, companies must pay individuals for using that data.

Jasmy creates a marketplace for IoT data, with $JASMY as the currency used to pay individuals for their data. Customers submit their IoT device data to Jasmy to make it available for sale, then companies can find the data they want through Jasmy and pay for it.

Users receive a “personal data locker” where they can store and view their data, as well as decide what is private and what should be made available for purchase. Companies can see the types of data available in Jasmy packages, plus get analysis tools to help them put IoT data to use.

Jasmy Key Stats

Here are key things to know about the Jasmy project and tokenomics of the $JASMY coin:

What Impacts the Price of Jasmy?

The price of the $JASMY token is influenced by a number of factors. Let’s take a closer look at the most important ones.

• Jasmy marketplace use: The more people and companies that use Jasmy’s market to trade IoT device data, the more demand there will be for the project’s $JASMY token. This is because companies must pay in $JASMY to buy data from the marketplace.
• IoT growth: IoT device data will become more important—and more desirable for companies—as more people use IoT devices and a wider range of IoT devices are introduced. So, the price of $JASMY is closely tied to the health of the IoT industry.
• Crypto market conditions: Broad conditions in the crypto market can impact the price of $JASMY. In general, investors are more likely to invest in altcoins like $JASMY when the crypto market is bullish.
• Japanese crypto rules: As the past 48 hours have shown, the price of $JASMY is very sensitive to the Japanese market. Changing rules that would allow VC firms to invest in $JASMY had a significant impact on the token’s price.

Should I Buy Jasmy?

According to our Jasmy price prediction, this token has the potential to see further gains in 2024 and beyond. However, there’s a lot of uncertainty about whether Jasmy’s growth will be sustainable or whether the project will fade after its recent surge.

On top of that, Jasmy is already a large-cap cryptocurrency with a market cap approaching $1 billion. That means it has limited room to grow compared to small-cap tokens and new cryptos. Considering the risks that Jasmy investors face, the potential reward of investing in this token may not be sufficient.

For these reasons, we don’t recommend Jasmy as one of the best cryptocurrencies to buy now. It could continue to go up and deliver returns, but it could also leave investors with substantial losses.

Where Can I Buy Jasmy?

Investors who are interested in buying $JASMY can do so at any major crypto exchange. Centralized exchanges where Jasmy is listed include Binance, Coinbase, and MEXC. In addition, $JASMY is available on the decentralized exchange Uniswap.

Binance – Best Place to Buy $JASMY in 2024

We think Binance is the best crypto exchange to buy $JASMY right now. That’s because Binance has some of the lowest trading fees in the industry. You’ll pay just 0.1% to buy $JASMY. If you hold Binance’s native $BNB token, you can qualify for even lower transaction fees.

On top of that, Binance makes the process of buying Jasmy easy. You can open an account in minutes and fund your account with a credit card, debit card, or bank transfer. After you purchase $JASMY, you can store the tokens securely in your Binance account or transfer them to a self-custodied wallet with no withdrawal fees.

Investors also have the ability to hedge their risk on Jasmy using Binance’s trading platform. When you buy Jasmy, you can set a stop loss order that will automatically sell your Jasmy if it starts to fall in price.

Binance is the largest crypto exchange in the world, so it has high trading volume in $JASMY tokens. That’s a big plus because it makes it easier to buy and sell this token at the current market price, instead of paying more for a purchase or accepting less for a sale.

Binance is also very trustworthy. While Binance recently settled a lawsuit with the US, it’s noteworthy that the US government’s investigation found no evidence of fraud or unfair customer practices at Binance. So, users can feel confident holding crypto with Binance.

Conclusion

Jasmy experienced a 160% price gain in response to a rule change in Japan that allows VC firms to invest directly in cryptocurrencies. This rule change could open the door to greater investment in Jasmy’s IoT data marketplace, so we predict the $JASMY token could gain 65% by the end of the year.

However, we think $JASMY is risky, and it may not live up to its promise. Investors can check out our list of the best cryptos to buy now to find alternative coins to invest in.

FAQs

What does Jasmy coin do?

$JASMY is the native token of Jasmy, a project that creates a marketplace for individuals’ Internet of Things (IoT) data. Companies that want to buy IoT data from users can pay them for that data in $JASMY tokens.

What will Jasmy be worth in 2025?

Based on our Jasmy price prediction, we forecast a price of $0.060 for $JASMY in 2025. However, the token could be worth up to $0.12 or as little as $0.0050 depending on how much investment Jasmy receives from Japanese VC firms in the next year.

Can Jasmy coin reach $1?

It’s unlikely that Jasmy will reach $1 since that represents a 66x increase from today’s price. At a price of $1, Jasmy would have a market cap of nearly $50 billion, making it the 5th largest cryptocurrency.

References

• Japan Moves Closer to Allowing Venture Capital Firms to Hold Crypto Assets (CoinDesk)
• Japan is Driving the Future of the Internet of Things (Bloomberg)
• Internet of Things (IoT) user expenditure in Japan in 2021 with a forecast for 2026 (Statista)
• Tis the Season To Be Jolly About the Crypto Market in 2024 (CoinDesk)
• Binance and CEO Plead Guilty to Federal Charges in $4B Resolution (US DOJ)

About the Author

Michael Graw

Gambling and Finance Writer

Michael Graw is an experienced freelance finance and tech writer, specializing in cryptocurrencies, decentralized finance, and Web 3.0 since 2018. His work has been featured on various financial news sites like Business2Community, InsideBitcoins, LearnBonds, and tech-focused outlets like TechRadar. He has collaborated with fintech and crypto startups on whitepapers and investor resources, and also has expertise in sports betting and crypto gambling. Michael holds a Bachelor of Arts from Cornell University and a PhD in Oceanography from Oregon State University. He now resides in Bellingham, Washington, and writes full-time.

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