JasmyCoin has seen a major boost in trading volume, which is up by 111% in the last 24 hours. The price of JASMY is rising, having recently surpassed its 50-day moving average, with a new price target of $0.054.
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It currently ranks 33rd among assets on Coinbase, with 94% of users holding JASMY. Crypto analyst Patrick Schmitt points out that JASMY could potentially see gains of 10 to 30 times its current value. The coin’s popularity is due to its innovative technology for secure data exchange.
Crypto Market Bullish Surge Post-Bitcoin Conference 2024
The crypto market is experiencing a surge in bullish sentiment following the Bitcoin Conference 2024. Optimistic forecasts include Bitcoin (BTC) potentially reaching a value of over $40 million in the future, coupled with the US Treasury’s purchase of $1 million worth of Bitcoin. Currently, Bitcoin’s price is just 7% shy of its previous all-time high (ATH), with many analysts predicting it could surpass $80,000 to $100,000 by the end of the year if this bullish trend continues.
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This positive sentiment extends to several altcoins, including VeChain (VET), WadzPay (WTK), Cardano (ADA), and JasmyCoin (JASMY). Notably, WTK saw a 30% increase yesterday and another 12% rise today, driven by its upcoming Tier-1 listing on July 30.
JasmyCoin (JASMY) is also poised for a significant rally. Yesterday, crypto analyst Steph is Crypto noted that JASMY is nearing the completion of a Handle formation within its large cup and handle pattern on the price chart. He anticipates that JASMY could reach a price target of $0.06 in the coming months.
Currently, JASMY’s price approached $0.033, settling at $0.031, with a total market cap of $1.56 billion and a 24-hour trading volume of $224 million, marking a 111% increase. With JASMY having recently broken above its 50-day moving average, it appears set to challenge a major resistance level and could target $0.05 soon.
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JasmyCoin’s Rising Popularity and Market Position on Coinbase
JasmyCoin (JASMY) has become a favorite among Coinbase users, with 94% of them holding the asset, underscoring its popularity on the platform. Currently ranked 33rd among tradable assets on Coinbase, JASMY’s position reflects its substantial market cap relative to other assets.
Coinbase, with its large and active user base, has seen significant interest in JASMY. This high level of ownership indicates strong investor optimism about the coin’s potential. According to crypto analyst Mr. Schmitt, JASMY is considered one of the easiest high-cap investments this cycle, with the possibility of gains ranging from 10 to 30 times its current value.
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JasmyCoin, often referred to as the “Japanese Bitcoin,” aims to democratize data through its blockchain technology. Its focus on user data protection and secure data exchange has resonated with users seeking decentralized solutions. The coin’s innovative technology, along with an active development team working on continuous improvements and partnerships, has boosted investor confidence in its long-term prospects.
The overall growth of the cryptocurrency market has also played a role in JASMY’s rising popularity. As more investors explore digital asset opportunities, coins with strong fundamentals and unique offerings, like JASMY, attract increased attention. This combination of accessibility, promising outlook, and innovative technology has contributed to JASMY’s solidified position as a significant player in the cryptocurrency market.
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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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