Jasmy Coin Price Prediction as JASMY Rockets Up 12% β Are Whales Buying?
JASMY has jumped by 12% today, with the Jasmy Coin price scaling to $0.02051 and outperforming the market as a whole, which is up by 5% in 24 hours.
This price also means that JASMY has gained by 14% in a week, 24% in a fortnight and 17% in the past month, with the utility token outperforming other comparable coins over these timeframes.
And with Jasmy as a platform continuing to grow steadily and welcome new partnerships and launches, the JASMY price could continue to rise consistently in the coming weeks.
Jasmy Coin Price Prediction as JASMY Rockets Up 12% β Are Whales Buying?
JASMY has had a strong couple of days, with its indicators now showing plenty of momentum that could continue until the end of the week.
In particular, its 30-day average (orange) jumped over its 200-day (blue) yesterday and is racing ahead, a sign of a breakout.
JASMY’s relative strength index (purple) is also looking promising, having recovered from lower levels last weekend and hitting 80 yesterday.
While it has dipped a little since then, it remains above 60 and could stay high for the next few days, as the coin’s price pushes up some more.
It’s also highly encouraging the JASMY’s trading volume has risen to $100 million, which may be low in view of bigger tokens but is actually JASMY’s highest level in a month.
Bullish af for #JASMY@JanctionMGT x @tenprotocol
π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯π₯ https://t.co/WQKS4kjpC7— Andre De Nero (@AndreDeNero) May 16, 2024
The expectation is that JASMY will see continued gains in the near term, while its long-term picture also looks very bullish.
This is because it’s the native token of Jasmy, a layer-one blockchain platform that has been gaining traction in recent months.
Most famously, it announced a partnership in March with major electronics manufacturer Panasonic, with which it will be developing an Internet-of-Things platform.
#JASMY and #Panasonic Advanced Technology begin collaboration to develop #IoT platform.
We will spend 3-6 months building a platform that ties a personal data locker, a decentralized DB, to the IoT and allows device information to be attributed to individuals and provided toβ¦
— HARA (@HARA_JasmyCFO) March 26, 2024
And with partnerships with other recognized names such as Nippon Travel Agency, such developments are likely to help Jasmy grow in stature and importance within the cryptocurrency sector.
JASMY is therefore in line to benefit from its platform’s recent growth, while it will also benefit from the ongoing recovery and growth of the wider cryptocurrency market.
It’s possible that the market could see another bull run in the next few months, particularly if the Federal Reserve announces rate cuts.
Based on this, the Jasmy Coin price could hit $0.03 in the next few weeks and $0.1 towards the end of the year.
Diversification with High-Potential Meme Tokens
Traders should be aware that JASMY isn’t the only low-cap alt in the market with promise, with a variety of newer meme tokens also looking ready to surge.
While meme coins can be very hit and miss, one new example with strong fundamentals isΒ Dogeverse (DOGEVERSE).
DOGEVERSE is a multi-chain meme coin that has raised over $15 million in its token offering, which is in its final phase before the token lists.
What’s special about Dogeverse is that it’s the first ever Doge-themed multi-chain cryptocurrency.
Accordingly, it will operate not only on Ethereum, but also on Polygon, BNB Chain, Solana, Avalanche and Base.
This gives it some very strong potential, in that it could enter multiple ecosystems and gain usage on many more apps and trading platforms than it would have otherwise.
As a token, it will have a hard cap of 120 million, which stands in contrast to tokens such as Dogecoin, which is infinitely inflationary.
And when combined with a generous staking system, DOGEVERSE could become deflationary very quickly.
New investors can get involved in its presale via the official Dogeverse website, where 1 DOGEVERSE is selling at its final presale price of $0.00031.
Once its sale ends, buyers will receive their tokens through Dogeverse’s airdrop, at which point they will be able to sell their coins (or hold) and potentially make a big profit.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
