$JASMY
How high can Jasmy price rise by December 31?
Cryptocurrency
CCY
bullish
BULLISH
JASMY
BTC
IoTeX
JasmyCoin price went parabolic this week, reaching its highest level since 2022 as Bitcoin rallied and after starting a partnership with IoTeX.
JasmyCoin (JASMY), popularly known as Japan’s Bitcoin (BTC), was trading at $0.052, up by 1,000% from its lowest level this year.
How high can Jasmy price rise by December 31?The coin’s rally was largely attributed to Bitcoin’s surge, which hit a record high of $104,000 on Thursday. Other Bitcoin-related cryptocurrencies like Litecoin, Bitcoin Cash, and Ravencoin also experienced significant gains.
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Jasmy also benefited from an increase in the number of holders. According to CoinCarp, the number of account holders has grown to nearly 80,000, up from 76,300 last month.
Meanwhile, Jasmy also rallied after inking a partnership with IoTeX (IOTEX), a leading player in the Internet of Things industry. This partnership will help to drive DePIN innovation in Japan, one of the top markets for the crypto industry. Cryptocurrency prices often rally after a major partnership deal.
JasmyCoin has become one of the most popular cryptocurrencies recently, which has helped its market cap to get to $2 billion. The platform, created by former Sony executives, aims to enhance data privacy by integrating blockchain technology with IoT.
Jasmy price analysis
The daily chart shows that Jasmy has performed strongly this year, driven by rising demand for cryptocurrencies. It has formed a golden cross, with the 50-day and 200-day moving averages crossing each other.
The coin has also completed a cup and handle pattern, a common continuation signal.
The bullish outlook will be invalidated if Jasmy price falls below the strong pivot and reverse level of $0.03662.
