Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Ethereum rises beyond $2,800 nearing 10-year anniversary

    July 10, 2025

    Australia begins second phase of tokenized asset and CBDC settlement trials with major banks

    July 10, 2025

    RCADE Network down 30% a day after Binance Alpha and Bitget listings

    July 10, 2025
    Facebook X (Twitter) Instagram
    Cryptify Now
    • Home
    • Features
      • Typography
      • Contact
      • View All On Demos
    • Typography
    • Buy Now
    X (Twitter) Instagram YouTube LinkedIn
    Cryptify Now
    You are at:Home » Jasmy price could surge soon, according to these catalysts
    Crypto

    Jasmy price could surge soon, according to these catalysts

    James WilsonBy James WilsonMarch 23, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The Jasmy price has moved into a bear market after crashing from last year’s high of $0.0595 to $0.012, its lowest level since February last year. 

    The Jasmy Coin (JASMY) token has crashed because of the cryptocurrency market’s ongoing performance. Bitcoin and most altcoins have also plunged in this period.

    Still, the coin is likely to bounce back in the coming weeks. On-chain data shows that the number of active addresses has risen in the past few days. There were 897 active addresses on March 23, the highest level since March 10. An increase in active addresses is often seen as a positive catalyst for a coin. 

    Jasmy onchain analysis
    Jasmy on-chain stats | Source: Santiment

    The rising active addresses have coincided with the 365-day Mean Dollar Invested Age rally. The MDIA soared to 146 from this month’s low of 138. A rising MDIA indicator is often a bullish catalyst for a coin.

    The other potential catalyst for Jasmy is that it has become a highly undervalued coin. One of the best ways to look at this is using the z score of market value to realized value, or MVRV indicator. This indicator compares a coin’s current market value to the total value of all coins in the network at the point they were last moved.

    Jasmy’s MVRV-Z score has dropped to minus 1.8 from last year’s high of 5.2. It has moved to the lowest level since April last year, a sign that it has become highly undervalued.

    Further, the total balances of JASMY on exchanges has continued falling this year. Data by CoinGlass below shows that these balances have moved to 8.47 billion tokens from the November high of 10.4 billion.

    JASMY balances
    JASMY balances on exchanges | Source: CoinGlass

    Jasmy price technical analysis

    Jasmy price could surge soon, according to these catalysts - 1
    JASMY chart | Source: crypto.news

    The daily chart shows that the JASMY price has crashed in the past few months. It has dropped from $0.059 in November to $0.01. Most recently, it crashed below the key support level at $0.0160, its lowest level in March, May, August, and November last year. 

    Jasmy has remained below the 50-day and 100-day moving averages, a sign that bears have prevailed. 

    On the positive side, Jasmy price has formed a falling wedge pattern, pointing to a rebound. A wedge is made up of two falling and converging trendlines. In most cases, a rebound usually happens when the two trendlines near their confluence. 

    Therefore, the coin is likely to surge soon. If it rises above the key resistance at $0.016, more upside will be confirmed. Such a move will point to further gains, potentially to the key point at $0.025, the highest swing on Sep. 28 last year.

    Jasmy roots

    JasmyCoin, often dubbed “Japan’s Bitcoin,” was originally designed to give individuals control over their personal data.

    Founded in 2016 by former Sony executives Kazumasa Sato and Kunitake Ando, Jasmy aims to empower users to manage and monetize their information securely rather than handing it to corporations for free.

    JASMY, the project’s native token, facilitates data transactions, rewards users for sharing information, and powers payments within the ecosystem. With Japan’s strict data protection laws and growing interest in Web3, Jasmy has positioned itself as a leader in data democratization.

    Recently, JasmyCoin shifted its focus on becoming a prominent player in the artificial intelligence sector. Jasmy CFO Hiroshi Harada has emphasized the network’s use of decentralized GPUs to deploy next-generation AI agents.

    Janction, a Decentralized Public Infrastructure platform incubated within the Jasmy community, has integrated GPUs into its DePIN framework.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleIs the bottom in after a 77% slump from the top?
    Next Article Wormhole jumps 42%, Dione surges 30%, Ethereum reclaims $2,000
    James Wilson

    Related Posts

    Ethereum rises beyond $2,800 nearing 10-year anniversary

    July 10, 2025

    Australia begins second phase of tokenized asset and CBDC settlement trials with major banks

    July 10, 2025

    RCADE Network down 30% a day after Binance Alpha and Bitget listings

    July 10, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Remittix (RTX) hits $4m presale as XRP holders take notice

    February 4, 2025

    Here’s why OKB price spiked 20% today

    February 4, 2025

    iDEGEN price prediction: Is this the AI agent token to buy?

    February 4, 2025

    Gate.io to list CYBRO token on Dec 14 after $7M presale success

    February 4, 2025
    Don't Miss

    Ethereum rises beyond $2,800 nearing 10-year anniversary

    By James WilsonJuly 10, 2025

    Ethereum surges past the $2,800 mark on July 10, ahead of the project’s ten-year anniversary.…

    Australia begins second phase of tokenized asset and CBDC settlement trials with major banks

    July 10, 2025

    RCADE Network down 30% a day after Binance Alpha and Bitget listings

    July 10, 2025

    Data of 27,000 Bitcoin Depot customers exposed in massive breach

    July 10, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    About Us
    About Us

    CryptifyNow: Your daily source for the latest insights, news, and analysis in the ever-evolving world of cryptocurrency.

    X (Twitter) Instagram YouTube LinkedIn
    Our Picks

    Ethereum rises beyond $2,800 nearing 10-year anniversary

    July 10, 2025

    Australia begins second phase of tokenized asset and CBDC settlement trials with major banks

    July 10, 2025

    RCADE Network down 30% a day after Binance Alpha and Bitget listings

    July 10, 2025
    Lithosphere News Releases

    Colle AI’s iOS App Launch Brings Multichain NFT Creation to Mobile

    February 4, 2025

    AGII Transforms Web3 Infrastructure with AI-Optimized Smart Contracts

    February 4, 2025

    Colle AI (COLLE) Allocates $250M for AI Tool Development and Liquidity Growth on Solana

    February 4, 2025
    Copyright © 2025

    Type above and press Enter to search. Press Esc to cancel.