- JasmyCoin price jumped to the highest level since July 10.
- The coin has surged by more than 45% from the lowest level this year.
JasmyCoin price went vertical on Tuesday as small-cap cryptocurrencies continued their comeback. The coin rose to a high of $0.011, which was the highest point since July 9th of this year. It has rallied by over 46% from the lowest level this year, giving it a market cap of over $55 million.
What is Jasmy and why is it rising?
Jasmy is a relatively popular blockchain platform that was established by a team led by former senior executives at Sony. Often known as Japan’s Bitcoin, the platform was built to help companies and individuals handle their data well.
It is an Internet of Things (IoT) platform that leverages the blockchain technology to ensure that users have control of their data. It also ensures that companies are able to safeguard user data in an efficient and transparent manner.
Jasmy is handling an important industry that affects everyone these days. Besides, data has been said to be the new oil. And companies like Google and Meta Platforms have become successful because of the data they own in their platforms.
Jasmy has also ventured in other industries. For example, they recently launched a fan token offering (FTO) for Sagan Tosu, a leading football club in Japan. A fan token is a cryptocurrency that helps clubs deepen their engagements with their fans.
This month, the JasmyCoin price jumped after the team announced the development of Cell Culture System that uses Web3 technology. It is building the product through a partnership with BioMedica Solutions.
Jasmy price has also rallied because of the improving sentiment in the market. A closer look shows that the prices of most cryptocurrencies like ETH and Bitgert have all rallied in the past few days. As a result, the total market cap of all coins has rallied to over $1.2 trillion.
JasmyCoin price prediction
The four-hour chart shows that JASMY price has been in a strong bullish trend in the past few days. In this period, it struggled to move above the important resistance level at $0.0108, which was the highest level on August 8th.
JasmyCoin has rallied above the 25-day and 50-day moving averages while the MACD has moved above the neutral level. Its volume is also rising. Therefore, the coin will likely continue rising as bulls target the next key resistance point at $0.0120, which was the highest point on July 10. A move above that resistance will lead to more gains in the near term.
