JasmyCoin Price Prediction 2024: JASMY Price Analysis
What's next for JasmyCoin?
Key Takeaways
- JasmyCoin’s JASMY token has increased in 2024, in line with the crypto market.
- However, the coin’s price is still far from its all-time high.
- One price prediction says it may reach $0.0619 next year.
The price of JasmyCoin’s JASMY token has increased significantly in recent months, aided by growing interest in the cryptocurrency market. The Fear and Greed index jumped to 75, prompting many investors to pour cash into digital coins, and it’s hard to see an altcoin that hasn’t recovered recently.
Therefore, Jasmy jumped due to the continued demand for digital assets. Furthermore, it is one of the most popular smallcap cryptocurrencies on the market. It also trended on popular platforms like StockTwits and Reddit .
Now, traders turned their attention to JASMY again as the cryptocurrency market has recently seen a surge of interest in JasmyCoin (JASMY), often referred to as ‘Japan’s Bitcoin.’
On July 10, 2024, JasmyCoin was worth about $0.02426.
JasmyCoin did not respond to a request for comment.
Let’s take a look at our JasmyCoin price predictions, made on July 10, 2024. We will also examine the JasmyCoin price history and talk a little about what JasmyCoin is and what it does.
JasmyCoin Price Prediction
Let’s examine some of the JasmyCoin price predictions CCN made on July 10, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
| Minimum JASMY Price Prediction | Average JASMY Price Prediction | Maximum JASMY Price Prediction | |
|---|---|---|---|
| 2024 | $0.0216 | $0.0469 | $0.0529 |
| 2025 | $0.0517 | $0.0579 | $0.0619 |
| 2030 | $0.16 | $0.18 | $0.19 |
JasmyCoin Price Prediction for 2024
If the positive momentum continues and JASMY breaks above its moving averages, it could reach targets between $0.0216 and $0.0529 by the end of 2024, with the average price set at $0.0469.
JasmyCoin Price Prediction for 2025
Technical analysis suggests a potential increase for JasmyCoin in 2025. The minimum JASMY price expected for 2025 is $0.0517 while the maximum one is $0.0619. On the other hand, the average forecast suggests it may reach $0.0579.
JasmyCoin Price Prediction for 2030
Based on technical analysis, the JASMY token may reach a maximum level of $0.19 at the beginning of the next decade, while, in the worst scenario, it may go to $0.16. Meanwhile, the average expected price is $0.18.
JasmyCoin Price Analysis
The Jasmy sell-off has raised concerns among investors as it has dropped below critical support levels, including the 50-day and 100-day Exponential Moving Averages (EMA).
Additionally, it has fallen beneath the key support level of $0.0275, its highest swing in March, indicating increasing bearish control.
In the past 24 hours, JasmyCoin’s price has decreased by 2.4%, trading at $0.02321 as of the latest update. This marks a significant decline from the previous day’s closing price, underscoring the cryptocurrency market’s inherent volatility. Meanwhile, its 24-hour trading volume stands at $104.73M, reflecting an 18.95% decrease.
Short Term JasmyCoin Price Prediction
The JasmyCoin for the next 24 hours forecasts a potential surge of 24% before it goes on to reach $0.077363 by August 9, 2024. That’s a clear bullish outlook.
However, there are some contrasting factors to consider. Technical indicators are currently bearish, and the Fear & Greed Index sits at 28, indicating fear in the market. This negativity could dampen the predicted price increase.
Looking at Jasmy’s recent performance, there have been 11 green days (37%) in the last 30 days, alongside a moderate price volatility of 15.11%. This mixed performance makes pinpointing the best entry point tricky.
JasmyCoin Relative Strength Index (RSI): Is JASMY Oversold or Undersold?
JasmyCoin Price Performance Comparisons
Best Days and Months to Buy JasmyCoin
| Day of the Week | Tuesday |
| Week | 41 |
| Month | October |
| Quarter | Fourth |
Advantages and Disadvantages of JasmyCoin
CCN’s Chief Research Analyst Toghrul Aliyev took a deep dive into JasmyCoin. He found the following advantages and disadvantages.
Advantages of JasmyCoin
- Strong Team : The team behind JasmyCoin includes former Sony executives. Their expertise and credibility significantly strengthen JasmyCoin’s position in the industry.
- Strategic Partnerships : JasmyCoin has partnered with major companies such as Transcosmos, a leading Japanese call center; Toyota Motor, a global automotive manufacturer; and VAIO, a computer company. These partnerships help its adoption and integration potential across various sectors.
- Personal Data Locker: JasmyCoin provides a secure personal data locker where users can store their personal information. This allows users to control who has access to their data and under what conditions. It gives them complete autonomy over their personal information.
- Data Monetization: The platform features a data marketplace that allows users to monetize their data. Users can share their information with companies in exchange for rewards in JasmyCoin. The system ensures that users receive compensation for their data instead of being exploited by free services that sell their data for profit.
- Wide Range of IoT Solutions: Supports various industries, including smart home and smart city projects.
- Fixed Supply: JasmyCoin’s token supply structure has a fixed total of 50 billion tokens. Most of the circulating supply is already unlocked, which minimizes the risk of dilution.
Disadvantages of JasmyCoin
- Difficulties in Market Adoption: Achieving widespread market adoption, particularly among enterprises, can be challenging. Many companies are deeply entrenched in their existing data management practices and may be reluctant to transition to a new, decentralized system.
- High Market Competition: The Internet of Things (IoT) and data management markets are highly competitive, with many established players, which may impact JasmyCoin’s market penetration and growth.
- Economic Model Sustainability: The data-sharing reward mechanism must be sustainable and attractive enough to keep users engaged. The model might struggle to attract and retain participants if the economic incentives are not well-balanced.
- Regulatory Challenges: Compliance with varying global data protection regulations, such as GDPR, can make things more complex. Different jurisdictions have different data privacy and security requirements. Making sure that JasmyCoin’s platform adheres to all these regulations can be resource-intensive and complicated.
- Complex Implementation: The integration of multiple technologies, such as the blockchain, IoT, and decentralized storage, can be complex for new users and companies.
- Centralized Management System: Despite its use of the blockchain, JasmyCoin’s IoT data management system has centralized aspects. This includes the coordination of data flow and device management, which can sometimes require a centralized infrastructure to function efficiently.
- Low User Adoption : JasmyCoin has low user engagement and transaction activity. With only 71,876 holders and a total of 709,473 transfers since its launch in 2021, each wallet address averages just 10 transactions. At the time of writing [July 10 2024], there were about 800 daily transactions, meaning only around 1.1% of users actively use the platform every day.
- Zombie Token Status: JasmyCoin appears to be a zombie token, sitting 98.08% below its all-time high (ATH). While other cryptocurrencies are nearing their ATHs or, like Bitcoin, hitting new highs in this bull run, JasmyCoin lags behind. The massive gap from its ATH showcases JASMY’s poor performance and inability to keep pace with the broader market.
JasmyCoin Price History
Following that, let’s now take a look at some of the key dates in the JasmyCoin price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when it comes to either making or interpreting a JasmyCoin price prediction.
| Time period | JasmyCoin price |
|---|---|
| Last week (July 3, 2024) | $0.02787 |
| Last month (June 10, 2024) | $0.03888 |
| Three months ago (April 10, 2024) | $0.02067 |
| One year ago (July 10, 2023) | $0.004079 |
| Launch price (February 12, 2021) | $1.3024 |
| All-time high (February 16, 2021) | $4.2929 |
| All-time low (December 30, 2022) | $0.002804 |
JasmyCoin Market Cap
The market capitalization, or market cap, is the sum of the total number of JASMY in circulation multiplied by its price. On July 10, 2024, JasmyCoin’s market cap was $1.20 billion, making it the 63rd-largest crypto by that metric.
Who Owns the Most JasmyCoin (JASMY) Tokens?
On July 10, 2024, one wallet held 9.78% of JASMY’ supply.
Richest JASMY Wallet Addresses
As of July 10, 2024, the five wallets with the most JasmyCoin tokens were
- 0xf977814e90da44bfa03b6295a0616a897441acec. This wallet held 4,890,000,000 JASMY, or 9.78% of the supply.
- 0xf8ef081d1e889dfce9e20d84a97a02414158445a. This wallet held 2,875,000,100 JASMY, or 5.75% of the supply.
- 0x5a52e96bacdabb82fd05763e25335261b270efcb. This wallet held 1,985,726,524 JASMY, or 3.97% of the supply.
- 0xa0e713a15c6a462c4a1d5a1d20d51d104673afd3. This wallet held 1,437,522,384 JASMY, or 2.88% of the supply.
- 0x5238579ba835db9f3920f439632b602e236fd37a. This wallet held 1,405,762,813 JASMY, or 2.81% of the supply.
Fact Box
| Supply and distribution | Figures |
|---|---|
| Total supply | 50,000,000,000 |
| Circulating supply (as of July 10, 2024) | 49,299,999,677 (98.6% of total supply) |
| Holder distribution | Top 10 holders owned 36% of supply, as of July 10, 2024 |
From the Whitepaper
In its technical documentation, or whitepaper , JasmyCoin says it is “an IoT platform company on a mission to provide the infrastructure which allows anybody to use data safely and securely. We are currently developing and providing the “Jasmy Platform” to achieve this.”
“The Jasmy Platform aims to regain data sovereignty for each individual so that everyone can use their data safely and securely. To achieve this, we have combined Blockchain and IoT technology to provide the optimal platform solution for customers around the world, and across industries.”
JasmyCoin (JASMY) Explained
JasmyCoin is an ERC-20 token and a utility token of the Jasmy project. Addressing the data security concerns that arise in the Internet of Things (IoT), Jasmy aims to offer a platform to enable security and privacy of users’ data.
How JASMY Works
JASMY is an ERC-20 based token running on the Ethereum blockchain. JASMY functions as the service token of the JasmyCoin network. Its tokens are used for transactions on the Jasmy network. JASMY is used to purchase products and services on the Jasmy network and to protect recorded data.
Is JasmyCoin a Good Investment?
It is hard to say. The coin has dropped since its all-time high in 2021. On the horizon, there’s no clear bullish or bearish sign. The recent surge in volume isn’t a clear bullish sign for the crypto.
As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in JASMY.
Will JasmyCoin go up or down?
No one can really tell right now. While the JasmyCoin crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up.
Should I invest in JasmyCoin?
Before you decide whether or not to invest in JasmyCoin, you will have to do your own research, not only on JASMY, but on other, related, coins and tokens such as Ethereum (ETH) and Solana (SOL). Either way, you will also need to make sure that you never invest more money than you can afford to lose.
FAQs
Will STRK reach $1?
It seems not possible in the short term, as price prediction based on technical analysis doesn’t see the coin reaching that level soon.
It’s relevant to note that the coin already topped that threshold, hitting its all-time high of $4.2929 in February 2021, four days after its launch.
What is JasmyCoin used for?
Jasmy allows users to store their personal data securely in a Personal Data Locker (PDL). This data is generated by IoT devices and is stored securely, ensuring that users have control over their data and can manage it safely and securely. Companies that want to access user data must pay for it using JasmyCoin.
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
