$17 JASMY Price Might Arrive Sooner Than Expected As JasmyCoin Heads Towards an Epic Supply Shock
JASMY has gained rapid popularity across the world in a short time.
Analyst notices that JASMY reserves on crypto exchanges are at an ATH.
If JASMY continues to be bought rapidly, a huge JASMY supply shock will occur.
As Bitcoin (BTC) staggers to break out of its steady sideways movement, many altcoins are showing signs of massive price spikes in the coming golden bull run phase. Likewise, TON, VET, XRP, and JASMY show bullish signs for upward reversal.
In particular, JasmyCoin’s JASMY experiences highly bullish sentiment from the crypto community. Titled the ‘Bitcoin of Japan’, JASMY has made many bullish strides to work its way back up to its previous ATH of almost $5.
Recently, Sony announced the launch of its crypto exchange in Japan. Many speculate this move to be the trigger for a JASMY price spike. This is because JASMY, the Bitcoin of Japan, will likely benefit from any crypto adoption moves made in the country of Japan.
Japan has made many bullish strides that have caused the JASMY price to spike before. For instance when Japan announced the integration of the My Number Card onto iPhones, JASMY price pumped as this collaboration meant JASMY technology will make it onto Apple products.
Other Japan collaborations such as meeting with the EU also brought attention to JASMY. This is because the technology used in the EUID Wallet is similar to that of the JASMY technology used for the My Number Card.
It looks like JASMY is gaining global attention since the start of this year. So much so that one crypto analyst and JASMY enthusiast made a very important observation. In detail, he noticed that Jasmy coin exchange reserves have dropped on exchanges since October 2022.
Since October 2022, the #jasmy coin exchange reserves have dropped on exchanges from 23B to 14.6B as of right now. This is a significant outflow. If this trend continues, we could see a huge supply shock! pic.twitter.com/MWES1D7ogZ
— STEPH IS CRYPTO (@Steph_iscrypto) July 2, 2024
To highlight this drop in reserves went from 23 billion to 14.6 billion at the moment. This shows that more users have been buying and holding JASMY off of exchanges showing immense popularity and high expectations for the asset.
In the eyes of this analyst, if this JASMY adoption and significant outflows continues to grow, then JASMY will experience a huge supply shock. In turn, this would raise the price of the token by exceptional numbers that could lead to the expected $17 JASMY price as the JASMY team foresees.
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The post $17 JASMY Price Might Arrive Sooner Than Expected as JasmyCoin Heads Towards an Epic Supply Shock appeared first on Crypto News Land.
JasmyCoin price prediction suggests that if the market rises and remains above the channel, $JASMY may continue to show more bullish moves. JASMINE PRICE PREDICTION: WHERE WILL THE TOP BE? The daily time frame wave count suggests that JASMY started a five-wave rise in October 2023 (black). If this wave count is correct, the price is currently in the fifth and final section of this upward move. JasmyCoin (#JASMYUSDT JASMY) Statistics: JasmyCoin Current Price – $0.037 JasmyCoin Market Cap – $1.83 Billion JasmyCoin Circulation – 49.3 Billion JasmyCoin Total Supply – 50 Billion JasmyCoin Coinmarketcap Ranking – #60 JASMY/USD Market Key Levels: Resistance: $0.046, $0.048, $0.050 Support: $0.030, $0.028, $0.026
Japan Bitcoin announces the installation of the "My Number Card" feature on the iPhone next spring. · This will bring JasmyCoin technology to Apple products. · The price of JASMY may soar in this very optimistic announcement. The cryptocurrency community welcomed good news today, as Japan's Bitcoin JasmyCoin (JASMY) will be available on Apple iPhone next spring. The news was confirmed by the Prime Minister of Japan. Jasmy researchers! The My Number Card feature will be installed on the iPhone next spring. $JASMY
$JASMY long term view: its on local ATH now. yes it's can grow however iam not recommending to buy it now. reasons: it's on local ATH. yes it can make x2 from here. but keep in mind it's already x10 from bottom. so if you buy it now, you will buy it from people who fixing their x10 profit. if you really want to buy, at least wait for a retest of broken triangle. which is -25% from here. but in my opinion better choose something which isn't pump yet. at least something like $WLD which is bearish now for short term, but it's already do correction and in future will do x2 easily without possibility to make -90% from here
Some abbreviated words for newcomers who do not understand or still have questions about commonly used words in this market: FOMO: fear of missing out HODL: hold on for dear life DYOR: Do your own research FUD: Fear of uncertainty and doubt ICO: initial coin offering REKT: wreck NFT: non-fungible token ATH: highest of all time ATL: all-time low DEX: decentralized exchange CEX: centralized exchange DAO: decentralized autonomous organization WAGMI: we all will SHILL: promote a project WHALE: organization or individual purchasing large quantities of products BEAR: dumping the market BULL: market goes up$JASMY