JasmyCoin (JASMY), a Japanese cryptocurrency, has seen strong growth over the past few weeks, reaching $0.02329 on September 23, 2024, as a result of increased investor activity. The main interest is related to recent technical breakouts and patterns such as the cup and handle, leading to predictions of a possible 44% increase in value in the near term.
Reasons for growth:
1. Technical Patterns: JasmyCoin has been showing consistent signs of growth on the charts, and its cup and handle formation has caught the attention of traders. This pattern is often an indicator of further uptrends.
2. Institutional Investor Interest: As one of the few Japanese cryptocurrencies that meets strict legal requirements, JasmyCoin remains attractive to large investors who value security and stability.
3. IoT Usage: JasmyCoin is actively used in the Internet of Things (IoT) ecosystem, which also supports its long-term growth prospects.
Current indicators:
Current price: $0.02329
52-week high: $0.0475
52-week low: $0.002955
Market cap: $1.12 billion
24-hour trading volume: $67.45 million
JasmyCoin remains one of the promising cryptocurrencies, especially for long-term investors, given its position in the market and continued development in the IoT sector.
If you are considering investing in JASMY, keep an eye on the news and technical indicators to take advantage of good entry points.