JasmyCoin Price Prediction 2025: JASMY Price Analysis Signals Growth Ahead, but All-Time High Remains Distant
Key Takeaways
- JasmyCoin’s JASMY token has increased in 2024, in line with the crypto market.
- However, the coin’s price stayed low after falling.
- One price prediction says it may reach $0.08 next year.
JasmyCoin’s (JASMY) has stalled in the last few weeks after falling. However, the crypto has increased since the start of the year, and investors will hope its recent movements are just a stopping point before a recovery.
On Oct. 9, 2024, JasmyCoin was worth about $0.0192.
Let’s examine our JasmyCoin price predictions, made on Oct. 9, 2024. We will also examine the JasmyCoin price history and discuss what JasmyCoin is and does.
JasmyCoin Price Prediction
Let’s examine some of the JasmyCoin price predictions CCN made on Oct. 9, 2024. It is crucial to remember 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 | $0.015 | $0.03 | $0.05 |
| 2025 | $0.02 | $0.045 | $0.08 |
| 2030 | $0.05 | $0.10 | $0.20 |
JasmyCoin Price Prediction 2024
JASMY’s price in 2024 is expected to fluctuate between $0.015 and $0.05, with an average around $0.03. This range reflects the potential for both continued corrections from its previous high and the possibility of a rebound if broader market conditions improve. Strong support around $0.015 could prevent a deeper decline, while bullish sentiment could push it closer to $0.05.
JasmyCoin Price Prediction 2025
By 2025, JASMY could stabilize further, with a minimum price of $0.02 and a maximum of $0.08, averaging around $0.045. This prediction is driven by the expectation that the project will mature, with potential developments and market recovery helping JASMY regain strength. However, price volatility remains possible, with resistance around $0.08, especially if market sentiment turns cautious.
JasmyCoin Price Prediction 2030
Looking further ahead to 2030, JASMY could reach a minimum of $0.05, possibly surging up to $0.20 if its technology gains wider adoption and the overall crypto market undergoes significant growth. The average price is expected to hover around $0.10, reflecting both steady project development and increased investor confidence over the long term.
JasmyCoin Price Analysis
JASMY hit a high of $0.044 on June 7, rising nearly 1,500% since October 2023. A correction followed after completing a five-wave impulse, dropping to $0.02 by July 4, then rebounding to $0.033 by Aug. 28.
The price dipped again, reaching $0.015 on Aug. 5, but closed the day at $0.02. After a brief recovery to $0.017 on Sept. 6, this could mark the end of a WXY correction.
Short-term JasmyCoin Price Prediction
On Sept. 28, JASMY reached a higher high of $0.025, up 46% from its previous low.
However, a sharp decline suggests sellers remain in control.
The $0.02 support level will be key to confirming a bullish breakout, while a drop below could signal further downside below August’s low.
The rise since Sept. 6 could be part of a five-wave impulse, though the wave structure remains unclear.
The choppy price action hints at a corrective phase, and if bearish momentum persists, a retest of $0.015 remains possible.
JasmyCoin Average True Range (ATR): JASMY Volatility
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility.
Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels. On Oct. 9, 2024, JasmyCoin’s ATR was 0.0015, suggesting average volatility.
JasmyCoin Relative Strength Index (RSI): Is JASMY Overbought or Oversold?
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above and below the 50 line also indicate if the trend is bullish or bearish. On Oct. 9, 2024, the JasmyCoin RSI was at 42, indicating a bearish sentiment.
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, investigated JasmyCoin in depth and 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 engage users. If the economic incentives are not well-balanced, the model might struggle to attract and retain participants.
- Regulatory Challenges: Complying with varying global data protection regulations, such as GDPR, can make things more complex. Different jurisdictions have different data privacy and security requirements. Ensuring that JasmyCoin’s platform adheres to all these regulations can be resource-intensive and complicated.
- Complex Implementation: Integrating multiple technologies, such as blockchain, IoT, and decentralized storage, can be complex for new users and companies.
- Centralized Management System: Despite using the blockchain, JasmyCoin’s IoT data management system has centralized aspects. This includes coordinating data flow and device management, which 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 use the platform daily.
- Zombie Token Status: JasmyCoin appears to be a zombie token, sitting 98.08% below its all-time high (ATH). While other cryptocurrencies are nearing 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 (Oct. 2, 2024) | $0.02063 |
| Last month (Sept. 9, 2024) | $0.01963 |
| Three months ago (July 9, 2024) | $0.02067 |
| One year ago (Oct. 9, 2023) | $0.003363 |
| Launch price (February 12, 2021) | $1.30 |
| All-time high (February 16, 2021) | $4.99 |
| All-time low (December 29, 2022) | $0.002747 |
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 Oct. 9, 2024, JasmyCoin’s market cap was about $948 million, making it the 71st-largest crypto by that metric.
Who Owns the Most JasmyCoin (JASMY) Tokens?
On Oct. 9, 2024, a wallet linked to the Binance exchange wallet more than 10% of JASMY’s supply.
Richest JASMY Wallet Addresses
As of Oct. 9, 2024, the five wallets with the most JasmyCoin tokens were
- 0xf977814e90da44bfa03b6295a0616a897441acec. This wallet, listed as Binance, held 5,076,074,339 JASMY, or 10.15% of the supply.
- 0xf8ef081d1e889dfce9e20d84a97a02414158445a. This wallet held 2,875,000,100 JASMY, or 5.75% of the supply.
- 0x5a52e96bacdabb82fd05763e25335261b270efcb. This wallet, also listed as Binance, held 1,925,726,524 JASMY, or 3.85% 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.
JasmyCoin Supply and Distribution
| Supply and distribution | Figures |
|---|---|
| Total supply | 50,000,000,000 |
| Circulating supply (as of Oct. 9, 2024) | 49,394,999,677 (98.79% of total supply) |
| Holder distribution | Top 10 holders owned 36.33% of supply, as of Oct. 9 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 the security and privacy of users’ data.
Perhaps confusingly, because JasmyCoin is based on the Ethereum (ETH) blockchain, JASMY is a token, not a coin. You might see references to a JASMY coin price prediction, but these are wrong.
How JASMY Works
JASMY is an ERC-20-based token running on the Ethereum blockchain. It functions as the service token of the JasmyCoin network, which uses tokens for transactions, purchases of products and services, and data protection.
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, and the recent surge in volume isn’t a clear bullish sign for crypto.
As always with crypto, you should 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 that prices can and do go down and up.
Should I invest in JasmyCoin?
Before you decide whether or not to invest in JasmyCoin, you will have to do your own research on JASMY and other related coins and tokens, such as Ethereum (ETH) and Solana (SOL). Either way, you will also need to ensure you never invest more money than you can afford to lose.
Technical analysis by Nikola Lazic.
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 $4.99 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.
