JasmyCoin rose to the top of the chart during the trading day on Friday. Being the top gainer of the day, it sidelined even the bigger players in the market, raising speculations about the future course of the coin.
JasmyCoin is gaining popularity in the realm of cryptocurrencies and has been an investment favorite for at least a month now. It’s the first blockchain project in Japan that offers distinctive and cutting-edge data storage options to individuals and businesses alike. To better understand it, let’s project the price of JasmyCoin over the upcoming months and years.
JASMY Coin Sees Surge In Demand
The JASMY coin has been steadily rising in value for a considerable amount of time. As a platform at the intersection of IoT and blockchain, JASMY’s network offers a novel method for secure, decentralized data management. With its secured basis for Internet of Things devices and its ability to give customers control over their data, JASMY is setting a new standard for security and privacy in the digital age.
Another factor that has kept the demand relevant is the significant cooperation announcement. The previous week saw the announcement of an “indirect” partnership between JasmyCoin and Apple iPhones, intending to incorporate Japan’s My Number Card into iPhones by the spring of next year.
By utilizing Jasmy’s blockchain technology, this integration essentially puts JASMY at the core of this Apple partnership. The 40% price rise that resulted from this revelation has driven up the cost of JASMY since then.
Will JASMY Hit The $1 Mark By Year End?
JasmyCoin has seen upbeat trading for the past one month. At present the token is trading at $0.04373, up over 14% as compared to the same time last day. Demand for the token has spiked throughout the end of May, as seen by a consistent increase in Supply outside Exchanges. It indicated that buildup took place during that time.
Likewise, there was less of a sell push, as the decreasing supply on exchanges showed It was highlighted by the positive 92% MVRV (Market Value to Realized Value) that most long-term holders (LTH) were lucrative and could be inclined to book profits.
Though the price movement has been extremely upbeat for the past few trading sessions, JASMY will have to break some key threshold marks in order to hit the $1 stage. Despite the increase being a bit too far-fetched, the movement trajectory could be a possibility given the current levels.
