JasmyCoin has emerged as the top 24-hour gainer among the leading 100 cryptocurrencies as investors discuss further bullish momentum on social platforms #jasmyrocket
The native token of the Japanese company Jasmy Corporation, JasmyCoin JasmyCoin
12.05%
JasmyCoin, surged 7% in the past 24 hours and is trading at $0.032 at the time of writing. The asset’s market cap surpassed the $1.5 billion mark, making it the 53rd-largest digital currency at the reporting time.
According to data provided by Santiment, the social activity around JasmyCoin has been consistently rising over the past five days when the asset was changing hands at $0.029 before taking a deep dive to the $0.025 mark. Data shows that the JASMY social volume increased by six times since July 23.
Per data from the market intelligence platform, the JASMY exchange inflow surged from 65.4 million to 105.3 million tokens over the past 24 hours. This movement hints at potential short-term profit-taking as JasmyCoin briefly touched a local high of $0.033 yesterday, July 27.
The exchange inflow, however, registered a smaller surge than the amount of tokens leaving the exchanges. According to Santiment, the JasmyCoin exchange inflow rose from 58.2 million to 86.6 million coins in the past 24 hours.
At this point, more investors are looking for potential profit-taking if the JASMY price rallies.
Data from Santiment shows that the JasmyCoin Relative Strength Index is currently sitting at 61. The indicator shows that the asset is slightly overbought at this price point and a price correction would be expected due to its high volatility
#ETH_ETFs_Approval_Predictions #SOFR_Spike #BinanceTurns7 #VanEck_SOL_ETFS
Like and share
