JasmyCoin Price Prediction as JASMY Shoots Up 3.4%— Is It Time to Load Up?
JASMY has gained by as much as 3.4% with the past 24 hours, with the JasmyCoin price reaching $0.01974 on a day when the wider crypto market posts a 1% return.
The altcoin is now up by 11.5% in a week, as well as by 3.5% in a month and by 160% in the past year.
JASMY is the native token of the Jasmy platform, which offers a decentralized protocol for storing and sharing personal data.
It’s currently one of the more interesting new projects in the market in terms of fundamentals, and with the market regaining momentum after a rough patch, JASMY could see some decent gains in the next few weeks.
JasmyCoin Price Prediction as JASMY Shoots Up 3.4%— Is It Time to Load Up?
JASMY’s chart is in an interesting position, insofar as its indicators have been high for several days now and look as though they should probably correct for a little while.
For instance, its relative strength index (purple) had been above 50 since late last week, yet it has fallen below 50 after reaching 70 yesterday.
This signals a short-term downturn, as does the fact that JASMY’s 30-day average (orange) climbed over the 200-day during the weekend and is now well above the latter.
Again, this calls for a downward correction, yet one counterargument to this comes from JASMY’s resistance (red) and support (green) levels, which have been rising in parallel.
It will, therefore, be interesting to see if the support can prevent a drop below $0.01950, with the past hour seeing the altcoin lose some momentum.
Such a loss may be short-lived, however, given that JASMY’s trading volume has risen to about $100 million in the past few days, up from $25 million at the end of April.
This suggests continued interest in Jasmy, which launched in early 2021 as a Neo-based data-privacy platform.
It has witnessed revived fortunes in recent months, with March seeing the launch of the protocol’s first DePIN (decentralized physical infrastructure network) platform, JANCTION.
We are pleased to announce the MOU between #JANCTION and #C2E!
Please check here for details!https://t.co/ZIhaZyLSw0#JANCTION #Jasmy #C2E@HARA_jasmyCFO @JasmyMGT @chainwith_c2e
— JANCTION (@JanctionMGT) May 2, 2024
The latter celebrated signing a memorandum of understanding with Korean Web3 bulletin board C2E earlier this month.
Such partnerships highlight how Jasmy continues to grow steadily as a privacy-enhancing network, with the expansion of Web3 likely to boost its presence further in the coming months and years.
The JasmyCoin price could therefore rise in steadily, reaching $0.025 in the next few weeks, and $0.04 by the end of the summer.
New Meme Tokens for Big Rallies
While JASMY certainly has potential, traders would do well to maintain a diversified portfolio, including exposure to newer tokens with potentially more exposure to upside.
Such a portfolio should probably include presale tokens, which can often rally big when the first list.
One such token with good potential right now is Sealana (SEAL), a Solana-based meme coin which launched its sale last week.
It has already raised close to $250,000, which is an impressive for such a young project.
#Sealana’s on his hog, hitting the drive-thru for his 4x Big Mac fix. But his hunger’s insatiable! Only $SOL can keep this seal chonky and ready for EPIC GAINS and LAMBO dreams. Load him up for a ride to success! 🍔💸🏎️
Send SOL to – DJ15ZYXqUNMYJ3hL7z4ciSaSFAw5cbos3YjGpdvwmF6c… pic.twitter.com/lq8lxfR6cB
— Sealana (@Sealana_Token) May 5, 2024
Sealana comes in the middle of a busy period for Solana-based meme coins, with the likes of dogwifhat (WIF) and BONK experiencing very strong gains in recent months.
It has already set itself up nicely to emulate such older coins, with the project choosing an endearingly gruff seal as its meme.
Given that its sale has already raised a quarter of a million dollars, it seems that investors have taken favourably to its memes and marketing, something which bodes well for its future.
New investors can join its sale by visiting the official Sealana website, where they can buy SEAL by sending SOL to the following address: DJ15ZYXqUNMYJ3hL7z4ciSaSFAw5cbos3YjGpdvwmF6c.
SEAL is currently available at a rate of 1 SOL for 6,900 SEAL, which converts to roughly $0.022, given Solana’s price as of writing.
This seems like a very cheap price for a coin that could rally big once its sale ends and it lists on trading platforms.
This will happen in the next couple of months, with presale participants receiving their coins via an airdrop.
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.
