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🔥 Binance Lists New Development for Altcoin Jasmy
The cryptocurrency world is a market where different developments emerge suddenly. This dizzying aspect of the market makes it difficult to keep track of developments. Today, an important development came from Jasmy, an altcoin listed on Binance. I will save my comments on Jasmy for the end. First, let’s see what development has occurred.
🔸 New Development for Binance-Listed Altcoin Jasmy
The new development for JasmyCoin was announced on X by a user named Team LAMBO. According to the announcement, the term Japanese stablecoin was used. If such a thing happens, it was stated that this would be a significant development in the cryptocurrency field. Additionally, it is seen that Jasmy has filed a patent application and a trademark request for JPYD.
To explain the value of context, a comparison was made about what Ethereum and USDT mean to each other as the leader of altcoins in the cryptocurrency world. From this, it was suggested that a stablecoin named JPYD could mean the same thing for Jasmy.
What is interesting here is the significant meaning such a move would have for Jasmy. LAMBO states that such a development could take Jasmy to the moon. With a price increase, Jasmy could enter the top 10 in the cryptocurrency world. Whether Jasmy will issue a stablecoin remains uncertain.
🔸 Investors Should Be Cautious About Jasmy
I want to address some points that investors should be cautious about regarding the cryptocurrency JasmyCoin. Firstly, Jasmy has a maximum supply of 50 billion, and 49,299,999,677 of this is currently in the market. Jasmy’s current market value is around 1 billion 524 million dollars.
One point to be cautious about Jasmy is that it is currently on Binance’s watchlist. This situation indicates a significant downside for Jasmy. It is important to remember that cryptocurrencies on Binance’s watchlist carry the risk of being delisted at any moment.
$JASMY #JASMY
The cryptocurrency world is a market where different developments emerge suddenly. This dizzying aspect of the market makes it difficult to keep track of developments. Today, an important development came from Jasmy, an altcoin listed on Binance. I will save my comments on Jasmy for the end. First, let’s see what development has occurred.
🔸 New Development for Binance-Listed Altcoin Jasmy
The new development for JasmyCoin was announced on X by a user named Team LAMBO. According to the announcement, the term Japanese stablecoin was used. If such a thing happens, it was stated that this would be a significant development in the cryptocurrency field. Additionally, it is seen that Jasmy has filed a patent application and a trademark request for JPYD.
To explain the value of context, a comparison was made about what Ethereum and USDT mean to each other as the leader of altcoins in the cryptocurrency world. From this, it was suggested that a stablecoin named JPYD could mean the same thing for Jasmy.
What is interesting here is the significant meaning such a move would have for Jasmy. LAMBO states that such a development could take Jasmy to the moon. With a price increase, Jasmy could enter the top 10 in the cryptocurrency world. Whether Jasmy will issue a stablecoin remains uncertain.
🔸 Investors Should Be Cautious About Jasmy
I want to address some points that investors should be cautious about regarding the cryptocurrency JasmyCoin. Firstly, Jasmy has a maximum supply of 50 billion, and 49,299,999,677 of this is currently in the market. Jasmy’s current market value is around 1 billion 524 million dollars.
One point to be cautious about Jasmy is that it is currently on Binance’s watchlist. This situation indicates a significant downside for Jasmy. It is important to remember that cryptocurrencies on Binance’s watchlist carry the risk of being delisted at any moment.
$JASMY #JASMY
#Write2earn
SOL/ETH Ratio Hits Lowest Point Since March: Bearish Trends Dominate"
$SOL $ETH #SOLANA #ETHEREUM #ALTCOINS
Over the past month, the SOL/ETH ratio has plummeted by 35%, marking its lowest point since March. Analysts predicted that speculation around a spot ether (ETH) ETF would drive capital away from altcoins like Solana's SOL token and towards ether.
Market Reaction and Bearish Trend
As expected, the SOL/ETH ratio dropped significantly to 0.038 on Binance, the lowest level since mid-March. This sharp decline signals a bearish trend with potential further losses, according to crypto trader and analyst Josh Olszewicz.
Technical Analysis Insights
Olszewicz noted the SOL/ETH pair has breached the Ichimoku cloud support, a technical indicator signaling a bearish shift when prices drop below the cloud. Additionally, the failure of an ascending triangle pattern, typically a bullish signal, further supports the bearish outlook.
Potential for Temporary Recoveries
Despite the bearish sentiment, temporary recovery rallies could occur if significant outflows from the Grayscale Ethereum Trust happen, similar to the $6.5 billion outflows seen after the debut of spot bitcoin ETFs.
Future Prospects and ETF Developments
Olszewicz mentions Solana could gain interest if BlackRock applies for a SOL-linked ETF, though he considers this unlikely. He predicts the SOL/ETH ratio will continue to decline if the ETH ETF succeeds.
Conclusion
While short-term recoveries are possible, the broader trend for the SOL/ETH pair remains bearish. Keep an eye on ETF developments and market responses for further insights into this evolving scenario.
SOL/ETH Ratio Hits Lowest Point Since March: Bearish Trends Dominate"
$SOL $ETH #SOLANA #ETHEREUM #ALTCOINS
Over the past month, the SOL/ETH ratio has plummeted by 35%, marking its lowest point since March. Analysts predicted that speculation around a spot ether (ETH) ETF would drive capital away from altcoins like Solana's SOL token and towards ether.
Market Reaction and Bearish Trend
As expected, the SOL/ETH ratio dropped significantly to 0.038 on Binance, the lowest level since mid-March. This sharp decline signals a bearish trend with potential further losses, according to crypto trader and analyst Josh Olszewicz.
Technical Analysis Insights
Olszewicz noted the SOL/ETH pair has breached the Ichimoku cloud support, a technical indicator signaling a bearish shift when prices drop below the cloud. Additionally, the failure of an ascending triangle pattern, typically a bullish signal, further supports the bearish outlook.
Potential for Temporary Recoveries
Despite the bearish sentiment, temporary recovery rallies could occur if significant outflows from the Grayscale Ethereum Trust happen, similar to the $6.5 billion outflows seen after the debut of spot bitcoin ETFs.
Future Prospects and ETF Developments
Olszewicz mentions Solana could gain interest if BlackRock applies for a SOL-linked ETF, though he considers this unlikely. He predicts the SOL/ETH ratio will continue to decline if the ETH ETF succeeds.
Conclusion
While short-term recoveries are possible, the broader trend for the SOL/ETH pair remains bearish. Keep an eye on ETF developments and market responses for further insights into this evolving scenario.
TRY NULS WITH #BITCOIN AND #ETHEREUM
what if I told you that it is possible to experience NULS technologies without giving up Bitcoin and the Ethereum ecosystem?
Recently, NULS integrated Bitcoin and Ethereum as native gas fees within its ecosystem. This means that holders of these cryptocurrencies can interact with NULS and its multichain and DeFi tools. For Bitcoin holders, #NULS is creating a new second-layer module within its Chainbox tool that facilitates the development of modular blockchains. Through this module transactions with Bitcoin will be much faster, lighter and without network congestion, thanks to the high efficiency of the NULS blockchain further increasing the scalability and adoption of the market-leading cryptocurrency.
On the other hand, for Ethereum holders, the news now is that NULS is compatible with the EVM standard, which is the virtual machine that executes smart contracts on the Ethereum blockchain.
Visit the Nuls YouTube channel called (Nuls Blockchain) and find out more.
$NULS $BTC $ETH
what if I told you that it is possible to experience NULS technologies without giving up Bitcoin and the Ethereum ecosystem?
Recently, NULS integrated Bitcoin and Ethereum as native gas fees within its ecosystem. This means that holders of these cryptocurrencies can interact with NULS and its multichain and DeFi tools. For Bitcoin holders, #NULS is creating a new second-layer module within its Chainbox tool that facilitates the development of modular blockchains. Through this module transactions with Bitcoin will be much faster, lighter and without network congestion, thanks to the high efficiency of the NULS blockchain further increasing the scalability and adoption of the market-leading cryptocurrency.
On the other hand, for Ethereum holders, the news now is that NULS is compatible with the EVM standard, which is the virtual machine that executes smart contracts on the Ethereum blockchain.
Visit the Nuls YouTube channel called (Nuls Blockchain) and find out more.
$NULS $BTC $ETH
Visa is exploring options to allow automatic payments via #ETHEREUM wallets without requiring manual transaction signing