- JasmyCoin (JASMY): A Quick Introduction
- JasmyCoin (JASMY): Features And Benefits
- Jasmy Price Prediction: Price History And Technical Analysis
- Jasmy Price Prediction: Experts’ Opinions
- Is Jasmy A Good Investment Option? When Should You Buy It?
- Final Thoughts
Jasmy is one of the silent killers in the cryptocurrency market. Let’s check out our Jasmy price prediction to get a better investment idea.
JasmyCoin is the first legal crypto coin in Japan, as it is the first to be listed on the Japanese cryptocurrency exchange. Jasmy is one of the best-decentralized storage platforms, and it aims to utilize the Internet of Things (IoT) to store data with decentralization. Let’s find out Jasmy’s future prices, and investment opportunities with an analysis of our Jasmy price prediction.
JasmyCoin (JASMY): A Quick Introduction
JasmyCoin is a decentralized storage platform that was launched to utilize the Internet of Things (IoT) protocol. The cryptocurrency market keeps evolving depending on various innovations that a coin brings. Jasmy works as a data protocol to prioritize data democracy. It also acts as a medium to securely exchange data and important assets via private personal data lockers (PDL).
JasmyCoin is an organization developed and founded by Kunitake Ando to establish the Internet of Things (IoT) mechanism on the web. JasmyCoin is based on the Ethereum blockchain, and it is the native token of the Jasmy platform. Jasmy uses decentralized servers to compute data. The decentralized network that Jasmy uses for this purpose is IPFS (InterPlanetary File System). Let’s check out Jasmy’s current details to clarify our Jasmy price prediction better.
| Cryptocurrency | JasmyCoin |
| Ticker Symbol | JASMY |
| Current Price | 0.0086 |
| 24 Hour Price Change | -5.07% |
| Trading Volume | $69,064,809.11 |
| Market Cap | $40,994,770 |
| All Time High | $4.99 |
| All Time Low | $0.008124 |
JasmyCoin (JASMY): Features And Benefits
Jasmy Coin (JASMY) is a utility token that builds the environment and infrastructure for decentralized servers to enable people to store their data in a “data locker.” This decentralized server that provides this service implements the IPFS (InterPlanetary File System), a decentralized storage system. Juan Benet built this innovative storage system, but the network modified it and discovered International Space File Systems (IPFS), which offers a mechanism that accelerates the internet speed and establishes a safer and more open web network, integrating trust into the blockchain. This mechanism is also Web3’s storage network that generates the incentives of Filecoin as its subsidiary.
The whitepaper of JasmyCoin states, “When our basic needs such as clothing, food, shelter (Japanese: ishokuju) or transportation are connected via the internet, this will dramatically affect our lives. We are 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.”
Jasmy offers you the complete independence of your data and its use case, selling it to anyone you choose. Jasmy’s motive is to serve as a trustworthy platform for users and business enterprises that use the platform and ensure that it can solve any kind of data privacy problem that a user faces daily. JasmyCoin provides attractive profits when it comes to exchanging payments. This coin has successfully attracted a lot of investors, which pushes our expectations for Jasmy price prediction.
Jasmy had some impactful partnerships in the past. In 2021, JasmyCoin got listed on the popular cryptocurrency exchange Coinbase. In April 2022, Jasmy partnered with Mystiko. Network, a multichain privacy software development company to provide user authentication and ensure data security. Binance also partnered with Jasmy to give away a Tesla to a lucky winner.
Jasmy Price Prediction: Price History And Technical Analysis
Before moving to Jasmy price prediction, it is essential for investors and traders to know about its price history to get a rough idea about Jasmy’s future potential and prices. However, it is to be noted that price history does not guarantee our Jasmy price prediction.
Jasmy went live into the crypto market and had a great price history. Like other cryptocurrencies, Jasmy kicked off its journey with a high price as it touched $4.99 on 16 February 2021. However, its price was corrected, and it stabilized near $1 in March.
Jasmy coin had an exciting moment in May as the JasmyCoin staking campaign was launched by Gate.io, offering stakers up to 50% annual interest. The JASMY team also announced its support for the MetaMask wallet. Jasmy started to see an upward rally and hit a peak of $2.15 in May. However, Jasmy was unable to hold the price momentum, and it fell below $0.1 in June 2021.
Jasmy continued this bearish trend and touched further lows. On 30 April, Jasmy was trading near $0.01748. The token then met a new all-time low following the crypto market crash and hit the bottom at $0.00812 on 18 June 2022.
JasmyCoin is currently trading near $0.0082 with a market cap of $39,038,562. According to our Jasmy price prediction, the Bollinger band’s upper limit is $0.01; if this resistance level breaks, then we can see a slight upward movement up to $0.013. Conversely, the Bollinger band’s lower limit is $0.0075, crucial support for Jasmy. If the support level breaks, Jasmy can drop further, and it can hit $0.004.
According to our Jasmy price prediction, Jasmy is in a bearish phase and will likely continue this trend in the upcoming months. RSI and MACD indicate a selling pressure for Jasmy.
By 2022, Jasmy is expected to reach a maximum price of $0.0138 and a minimum price of $0.0121. Following market favorability, Jasmy can skyrocket in 2025 as it can touch $0.02. According to our Jasmy price prediction, Jasmy may hit a price range of $0.0438-$0.0466 in 2030.
Jasmy Price Prediction: Experts’ Opinions
According to Wallet Investor’s Jasmy price prediction, JasmyCoin may be worth around $0.00123 in 2023, representing a decline of 86.64% from its current market price. Jasmy price prediction indicates the token will be a bad portfolio addition for long-term investors.
Trading Beast’s Jasmy price prediction says Jasmy is expected to end 2022 with a trading value between $0.0215-$0.0317, with an average price of $0.0274. For 2023, they predict a solid bullish trend throughout the year, with an expected maximum value of $0.0362 by the end of 2023.
Is Jasmy A Good Investment Option? When Should You Buy It?
JasmyCoin (JASMY) has proved to be one of the dominating cryptocurrencies in the market. If Jasmy gets innovative developments and support from the crypto community, then its price will surely skyrocket in the future. According to our analysis and Jasmy price prediction, a price of $0.0075 may turn out to be a good entry point for a long and stable return on your investment.
Final Thoughts
Jasmy is full of developments and innovative technology, including the utilization of the Internet of Things (IoT), which is welcomed by the vast crypto community. Jasmy has ambitious goals, and the protocol wants to completely decentralize the process of storing data. However, it has not yet gained investors’ attention, resulting in a bearish trend since 2021. Jasmy can be risky for short-term holders but can be profitable in the long term as it is steadily climbing. Our Jasmy price prediction advises you to research before investing in the market’s volatility, as the market can change its mood anytime, leading to a significant loss.
