Japanese multinational electronics company Panasonic recently collaborated with JasmyCoin (JASMY), which was recently listed on Binance. However, this announcement was revealed by the CFO of JASMY on X (previously Twitter). The CFO highlighted that this collaboration aims to build a Web 3 platform that securely connects your personal data vault to smart devices like your fitness tracker or smart thermostat.
#JASMY and #Panasonic Advanced Technology begin collaboration to develop #IoT platform.We will spend 3-6 months building a platform that ties a personal data locker, a decentralized DB, to the IoT and allows device information to be attributed to individuals and provided to…
— HARA (@HARA_JasmyCFO) March 26, 2024
JASMY token’s recent announcement
The JASMY CFO stated, “We will spend 3-6 months building a platform that ties a personal data locker, a decentralized DB, to the IoT and allows device information to be attributed to individuals and provided to others securely.”
JASMY, known for its focus on Internet of Things (IoT) applications within the cryptocurrency industry, made waves recently with a massive surge of over 160% following the regulatory update on crypto investments in Japan.
Additionally, the platform’s foundation rests on JASMY’s Personal Data Locker (PDL) technology, complemented by Panasonic’s extensive expertise in IoT solutions. By leveraging these combined capabilities, the partners aim to address key challenges in the IoT landscape, including data security, ownership, and interoperability.
With the global IoT connections projected to reach 27 billion by 2025, the integration of Web3 technologies holds immense potential to shape the future of interconnected devices. By revolutionizing data management and utilization in IoT ecosystems, the new platform promises enhanced security, greater data ownership, and seamless interoperability.
Following this collaboration, the price of JASMY soared more than 12% in just 24 hours. If we look at the performance of the JASMY token over a longer period, in the last 7 days, the JASMY token price experienced a surge of over 40%. Whereas, in the last 30 days, JASMY experienced a massive upside momentum of over 60%.
JASMY technical analysis and upcoming price
According to expert technical analysis, the JASMY token is bullish as it has formed an inverted head and shoulders pattern structure, which indicates a bullish sign for any asset. However, it is currently experiencing resistance at the neckline. If the JASMY token on the daily timeframe gives a breakout of this inverted head and shoulders pattern, then in the coming days, we may see a bullish move toward $0.04.
Besides the price surge following this collaboration, JASMY’s token 24-hour volume soared more than 97%, and currently, it stands near $219 million. However, currently, the overall cryptocurrency market is up by over 5%, and other top cryptocurrencies like Bitcoin, Ethereum, Solana, and others also experienced a massive price surge of over 6%.
据Odaily星球日报报道,日本物联网平台开发商Jasmy发布2024年路线图,主要包括物联网设备协作、AI定制、JASMY代币经济学和碳信用交易所。物联网设备协作方面,Jasmy计划与物联网设备公司建立战略联盟并合作开发新功能。AI定制方面,Personal Data Locker将加入新的AI功能,增强其对用户偏好的适应性。JASMY代币经济学方面,Jasmy钱包将在Jasmy L1上发布积分系统,并与稳定币合作运营。碳信用交易所方面,Jasmy将开发碳信用交易所并申请相同标准的自愿市场。
Jasmycoin (JASMY) Soars +30% As Investors Await Major Reveal, Price Must Maintain This Level for ...
The cryptocurrency Jasmycoin (JASMY) has witnessed a significant price surge of over 30% today, continuing an uptrend that commenced in mid-March after bottoming out at around $0.015. According to analyst Steph Is Crypto, if JASMY can decisively break and sustain above the $0.02 level, it could confirm a bullish reversal, signaling the potential for further upside.
At the time of writing, JASMY is trading at approximately $0.022, inching closer to the crucial $0.02 support level. The bulls are hoping for a daily close above this level to cement their control over the price trajectory. Technical indicators like the 50 and 100-day moving averages currently reside below the price, potentially acting as support in case of a pullback during the reversal.
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The recent price action can be attributed to the anticipation surrounding a major announcement from the Jasmy team. Hara, the Chief Financial Officer of Jasmy, has confirmed that the project’s roadmap for 2024 will be unveiled this Saturday, March 23rd. Furthermore, Hara hinted at a significant business partnership that will be revealed shortly after the roadmap’s publication.
It’s important to note that while the price surge and the upcoming announcements have generated excitement within the JASMY community, investors should exercise caution and conduct thorough research before making any investment decisions. Cryptocurrencies are known for their volatility, and previous performance does not guarantee future results.
As the market eagerly awaits the roadmap and partnership details, all eyes will be on whether JASMY can maintain its momentum and close above the $0.02 level, potentially triggering a broader bullish reversal. However, investors should remain vigilant and manage their risk accordingly, as the cryptocurrency market is known for its unpredictability.
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The post Jasmycoin (JASMY) Soars +30% as Investors Await Major Reveal, Price Must Maintain This Level for Full Bullish Reversal appeared first on CaptainAltcoin.