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JasmyCoin captures investor interest with its use case and performance, while new contenders like Mollars attract attention with their potential.
Amid rapidly changing market dynamics, the crypto space has experienced a surge of green over the last 24 hours. Surprisingly, it’s not just memecoins and the usual altcoins seeing gains. JasmyCoin, otherwise known as Japan’s Bitcoin, is capturing investor interest with its unique use case and bewildering market stats.
Although it isn’t soaring at the moment, Jasmycoin surged upwards by 26% in the past day, positioning itself at $0.028. However, it has since slipped and settled down to $0.02542 at the time of writing.
The daily trading volume of JASMY skyrocketed by 600% over the past couple of days, reaching $422 million. This jaw-dropping jump caused the asset’s market cap to creep up to $1.4 billion, positioning it as the 72nd-largest crypto at the time of reporting.
JasmyCoin (JASMY), although launched in 2021, started to see marked growth in the past year. This raises questions in the minds of crypto enthusiasts: what is Jasmy, and why is it here?
Founded in Japan, Jasmy positions itself as a champion of the democratization of data. The crypto aims to develop solutions that allow users to control the data sent back to companies via IoT (Internet of Things) technology.
JASMY focuses on modern data management needs. According to Security.IO, the coin integrates blockchain technology with the Internet of Things.
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In layman’s terms, IoT is a technology that allows devices to connect to a central ‘cloud’ where all data is managed. For example, a car reporting data back to a central cloud for analysis and feedback is an example of IoT.
Sometimes this information is private or used for commercial purposes. Therefore, Jasmy Coin could potentially become a solution that allows users to earn money from companies that use their IoT data to generate profits.
The actual JASMY coin is different from the blockchain. The crypto-coin is what’s used to pay block miners and could be a tool to pay people for their information in the future as well. It’s also a coin in which traders can invest funds to reap benefits from daily volatility.
JASMY has performed remarkably well over the past year. Japan’s Bitcoin is up over 445% since this time last year. In the past month alone, JASMY has risen by 40.5%, with a significant portion of that increase occurring in the last week. The approval of the Ethereum Spot ETF pushed the data management coin’s price up by 30%.
Currently, the coin is selling for $0.02542. JasmyCoin has surged from last year’s value of $0.00474, effectively eliminating a zero from its price.
As memecoin enthusiasts look toward interesting coins such as JASMY to boost their portfolio profits, there’s another altcoin pulling investors from Jasmy and other alts. Mollars token, an emerging contender in the market had its presale erupt this weekend, selling nearly 110k tokens in under 48 hours. Unsurprisingly, Jasmycoin investors are a part of the group of traders buying into the presale.
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The strong sales growth indicates that the Mollars could be the next JASMY. Interestingly, over the past 30 days, the “Mollars” keyword term has outperformed “Jasmy coin”. Twice, search inquiries for the new store-of-value token have superseded that of the Japanese data management coin.
Mollars token is still in its presale stage, which means that to rival the search volume of an already established crypto coin with a 1.27-billion dollar market cap is an accomplishment in and of itself.
Moreover, three crypto exchanges, LBank, Bitmart, and XT, have announced that they will be listing the MOLLARS token after the ICO closes on June 1, with additional listings expected closer to the launch date. With a current presale price of $0.55, experts have predicted that Mollars could grow in value by 44X or +4,400% in a relatively short time.
As JasmyCoin continues to rise, new contenders like Mollars are also capturing investor attention with promising potential. The evolving market landscape suggests that exciting times are ahead for both established and emerging cryptocurrencies.
Read more: LBank to list Mollars following ICO close