Happycoin.club - Over the past 24 hours, the price of the JasmyCoin token (JASMY) has increased by more than 26% and is trading around the $0.028 level. For the first time since the spring of 2022, the coin was able to reach this mark.
Japanese Bitcoin also shows impressive trading dynamics - the daily trading volume of JASMY increased by 600% to $422 million.
The asset's market capitalization is close to $1.4 billion, making it the 69th largest cryptocurrency today.
However, it is still far from reaching the historical maximum, which was set in February 2021 - then its value was $5.
What is the reason for such a rapid increase in the value of Japanese Bitcoin? It is triggered by the fact that the market is experiencing a bullish trend thanks to the approval of spot Ethereum ETFs.
According to Santiment, the number of crypto whale transactions consisting of JASMY worth at least $100,000 has increased more than 8-fold over the past 24 hours from 4 to 37.
This high level of crypto whale activity likely indicates significant price volatility. It is likely that we should expect an even greater movement in the value of the coin due to investors making short-term profits or even a massive sell-off.
