Over the past 48 hours, Jasmy has rocketed by more than 150%.
On October 31 it was trading at 13 cents before hitting as high as 47 cents on November 2.
It’s a coin with a previous high price of over 6 dollars and many high profile analysts
believe it’s bull run has a lot further to go.
It’s a bull run that begun roughly a month ago – in the past 30 days, it’s gained
over 1,400%, and in the last week, it’s gone into over drive with a 215% surge.
But why is it seeing a new lease of life?
Well the initial surge in early October was due in no small part to the announcement of
crypto exchange Coinbase Pro stating that it would start taking inbound transfers of
new tokens, one of which was Jasmy.
An immediate price was of 30% in 24 hours was seen, before dropping off.
The next big upswing and perhaps the most crucial part of all of this is Jasmy’s Japanese
significance.
On October 26, BitPoint Japan, a Japan exchange launched Jasmy (JMY) and opened the JMY/JPY
trading pair.
This means that Jasmy has become the first Japanese blockchain project approved to be
listed on the Japanese digital currency exchange.
It is Japan's first legally compliant digital currency, which is MASSIVE news.
Since that point Jasmy’s rise has been rampant.
The news that Jasmy (JMY) successfully launched BITPoint Japan Exchange has aroused widespread
discussion in Japan and Southeast Asia.
The Jasmy community has ushered in the long-awaited carnival moment, and it has also attracted
many waiters.
So that’s been the past month – but why is it still going nuts and is it likely to
continue to do so!?
Well as for the price prediction; this is where things get really exciting.
With the current range around the 30-40 cent mark – already an enormous jump from just
a month ago, moderate estimates are suggesting the coin could breach the $2 mark before the
end of the year, conservative estimates suggest the $1 mark – which still represents more
than double the growth.
As for the optimistic growth of $4….well if you think that sounds ridiculous?
Perhaps think again.
That price prediction is based on a few key things.
Firstly, the development team behind the coin is held in very high regard.
The bulk of the team are ex high ranking Sony employee’s with a wealth of business and
technology experience.
The association with Sony also creates a sense of trust with Jasmy as a product – so coupled
with the coins current status as the only legally compliant one in Japan and the regulations
the country requires for such status – there’s room to move and there’s a strong foundation.
But the really exciting part moving forward is the likely listing on more major exchanges.
Already available on the likes of Coinbase, KuCoin, MEXC and Gate.io, Jasmy is set to
be listed on Crypto.com exchange and in a massive boost – will be available on the
worlds largest exchange Binance.
With around 13.5 million users, Binance has at least 200,000 more users than the second
largest exchange Coinbase.
It’s utility is also rooted in the ever expanding internet of things space, with a
focus on smart data storage.
Also the market cap continues to stretch and grow by the minute – more and more are pilling
into the coin and with a history more than the 10 days of Squid game coin, there’s
no rug pull coming.
So with all that said have you missed out on the bull run?
No you haven’t.
Whilst the first few rounds of early gains have come and gone, the fact that the Binance
listing is yet to occur and with the trend of a new exchange listing for the coin correlating
to huge upswings there is PLENTY of movement still left in this one.
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