In a video, the YouTube channel The Crypto Report, with over 39k subscribers, assessed the potential price movement for JasmyCoin in the shifting crypto market. The speaker discussed what’s driving JASMY’s current movement and where its price could head next—including whether it might reach $1 by 2025.
The analyst started off by assessing the effect of Bitcoin on all other coins including JASMY. Bitcoin makes up about 57% of all crypto value right now, but that number keeps getting smaller. People are starting to look beyond just Bitcoin for their crypto investments. Instead, these people might diversify into altcoins, which in turn would increase their value.
From two sets of indicators, this coin seems to be set for an upward surge. JASMY has struggled to maintain its price between the $0.031 and $0.032 mark which previously served as a resistant level over the months. Now that price range is helping support the token. If JASMY’s price can push past $0.037, it could climb to $0.045, and maybe even reach December’s high of $0.06. This could set up more price gains down the road.
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Technical Analysis and Price Targets
The analysis explored key price levels that could act as catalysts for significant upward movement. Breaking past $0.045 could lead to testing the $0.06 range, with the possibility of reaching $0.30 or $0.50 during a bullish altcoin market. For JASMY’s price to hit $1, we need to see the whole crypto market grow much bigger – around $10 trillion.
Looking at JASMY’s numbers, they’ve released almost all their tokens – 49.3 billion out of 50 billion are out there now. This near-complete circulation reduces the risk of supply inflation, enhancing its appeal during market surges.
Image Source: YouTube/TheCryptoReport Risks and Market Outlook
The analyst highlighted potential risks, such as Bitcoin’s price volatility, which could pull JASMY back to $0.024 or $0.015 levels if bearish trends emerge. If Bitcoin starts taking over more of the market again, it could make it harder for smaller coins to grow. Traders need to keep an eye on this if they want to make good moves with JASMY.
The key number to watch is $0.037 – that’s where JASMY could really take off. But keep watching how Bitcoin does too, since that could tell us if smaller coins are about to have their moment. If everything lines up right, JASMY could realistically reach $0.30 or even $0.50.
This analysis, shared by The Crypto Report, provides a comprehensive view of JASMY’s price current and potential market trajectory, appealing to both seasoned investors and new market participants.
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