The main essence of the JasmyCoin blockchain is to simplify the process of transmitting data. The Jasmy Corporation intends to achieve this objective through the Internet of Things.
As per its price actions, the token has displayed several movements in the red and green zones over the months. JasmyCoin started trading at $1.25 on February 10, 2021, according to data from CoinDesk. Days later, it surged to its all-time high of $4.99 on February 16, 2021.
But, the ongoing bearish trend of the market has impacted the token, bringing it to -99.92% from its all-time high. So, what are experts' Jasmy coin predictions in the months and years to come?
Find out from this Jasmy price prediction guide.
What Is Jasmycoin (JASMY)?
The JasmyCoin (JASMY) is a digital currency designed to resolve the issue of data security and sovereignty. For now, JasmyCoin stands as one of the latest digital tokens from the Japanese.
The intent behind JasmyCoin is to create a suitable environment where the use of data can occur smoothly, safely, and easily. JASMY network incorporates the conventional IoT (Internet of Things) with blockchain technology to allow users to manage their data seamlessly.
The completion of this project depends on the rigid infrastructure, secure environment, and intuitive interface of the blockchain. These features facilitate the storing and sharing of data throughout its network.
In October 2021, a Japan-based development team launched the Jasmy market on the BITPoint exchange. But the coin was already trading on February 10, 2021.
History of JasmyCoin blockchain
Jasmy's vision came into reality in April 2016. The company was erected in Tokyo, Japan, by Sony executives. One of them was Kunitake Ando – the former COO and president of Sony Corporation and presently the Representative Director of Jasmy.
A few others were Masanobu Yoshida and Kazumasa Sato. Yoshida retired in December 2021 after serving as the CTO and Deputy President at Jasmy. Sato was the former Sony Style Japan Inc. CEO and the current COO and President at Jasmy.
The company released its native ERC-20-based token (JasmyCoin) on the BITPoint exchange in October 2021. According to the firm, JasmyCoin will serve as the network’s utility token and be the center for the development of its ecosystem.
Jasmy has partnered with a few major pioneers of the digital world including VAIO, Panasonic, and Transcosmos to achieve its goals.
What protocol does JasmyCoin use?
JasmyCoin uses IoT-based devices as its process for generating new tokens. This is how its users receive their rewards. Users of the IoT devices gain JasmyCoin as rewards from manufacturers for information and data sharing.
Therefore, staking isn’t permitted on the network, which explains why there are fewer holders and lesser coin circulation. But the creation of the token’s staking mechanism is currently in the pipeline.
What makes JasmyCoin different from other cryptocurrencies?
A few factors distinguish the JasmyCoin token from the rest of cryptocurrencies, including personal governance through IoT and Interplanetary File Systems (IPFS).
The Jasmy Company is doing enough to sustain the confidentiality of its customers. This is evident from the leverage users have to easily control their data on the network.
Moreover, the company creates a secure environment where customers exchange data for services with different firms using IoT-based devices.
Interplanetary File System (IPFS)
The IPFS technology of the Jasmy Corporation comprises Smart Defender and SKC (Security Knowledge Communicator). These features guarantee the security of users' data, which, in turn, mitigates the chances of fraud cases.
However, users will have to undergo a series of verifications to deploy the SKC tech. Once the verification stages are complete, they can then manage their data and track transactions on the network.
JasmyCoin, at a glance
Factors Influencing JasmyCoin (JASMY) Price
Some factors could influence Jasmycoin price, just like several other cryptocurrencies.
Some of them include the following:
Demand and supply
Demand influences the price of crypto assets, including JanmyCoin. When the demand for the token is high, Jasmy price will skyrocket and vice-versa.
On the other hand, an increase in supply would cause a crypto token to become over-saturated with time. Hence, it could lead to value depreciation and a price crash. But scarcity can spike the price of the token northward.
But for a token such as JasmyCoin with a maximum supply, over-saturation would be quite impossible. At the time of writing, JASMY has a circulating supply of 46,299,999,999 tokens. Its maximum supply is capped at 50 billion Jasmy coins.
Current crypto market condition
The crypto market is known for its frequent price fluctuations. Changes in the prices of top crypto assets like Bitcoin will impact JASMY.
When the market is experiencing a bearish trend, the price of Bitcoin will decline. This will also cause JasmyCoin's price to drop. However, an increase in BTC price will also trigger JASMY value to surge.
Recently, the crypto market has exhibited a strong correlation with traditional markets and wider macroeconomic conditions. Changes in the employment levels of the global leading economies, inflation, international trade, and national income impact the price of JasmyCoin.
For instance, in 2020, lots of crypto assets had impressive price surges due to the impact of COVID-19. The pandemic made people resort to crypto coins to wedge the effect of the failing economies.
But the reverse has been the case in 2022 as inflation and other macros have crashed the asset prices.
Government regulations and policies have affected the price of cryptocurrencies, including JasmyCoin. Some of them include restrictive policies on crypto investments, a ban on crypto mining, tax policies on digital assets, and others.
A prominent one was the Chinese clampdown on crypto mining. Other regulators in different countries have also enacted one law or the other, causing uncertainty in the sector.
The crypto space has been filled with lots of prominent personalities and celebrities that promote different virtual assets. In most cases, the support of a billionaire entrepreneur through tweets and other blog posts for JasmyCoin would create a positive sentiment for a price surge.
Conversely, if they criticize the token, its price could plummet within hours. A prominent figure that has done so in recent times is Elon Musk-a staunch Dogecoin supporter.
JasmyCoin (JASMY) Past Price Performance – Detailed Price Actions
There’ll always be good and bad days for digital currencies. JasmyCoin has displayed some positive and negative price movements in the past.
Here’s what its price history looks like;
JasmyCoin ICO price
Jasmy coin started its trading journey on February 10, 2021, at just $1.25. But soon after its first day in the market, it skyrocketed to its all-time peak price of $4.99 on February 16, 2021.
Following this tremendous price growth was a steady decline. This dip brought the token to a low of $0.008373 in the early period of Q2 2021.
October exchange listing
There were remarkable gains in Jasmycoin price in October 2021. It was listed on the Japanese exchange BITPoint Japan. JasmyCoin rebounded to around $0.28 following this event. At the time, the token’s market cap stood at $1 billion.
2022 market crisis
Jasmycoin price movement has not been encouraging after claiming the $0.28 price mark in October 2021. There have been reoccurring bearish price movements of the token as opposed to experts' growth predictions in 2022.
JasmyCoin declined to a new all-time low of $0.00338 about a month back (November 9, 2022), according to CoinMarketCap.
How Is JasmyCoin Performing Now? Is JASMY Bullish Or Bearish?
Jasmycoin price information from CoinMarketCap reveals that the token has maintained more bearish turn than bullish. This data is evident from its 24 hours price change of -1.34%. Meanwhile, it trades at $0.00376, about 11.20% above its all-time bottom price of $0.00338.
JasmyCoin has a maximum supply of 50 billion tokens and around 46.30 billion in circulation. Per its 24 hours trading volume, it's currently down by 29.74%, though still above the $31 million based on data from CoinMarketCap.
JasmyCoin Price Prediction Today
Yesterday’s short and simple moves of the token show how tight the Jasmy market is, even now. As of December 7, its opening and closing prices were $0.004003 and $0.003782 respectively, which indicates a -5.51% decline for the day. As per the daily maximum and minimum trading prices, we have $0.004026 and $0.003753, respectively.
In the meantime, the Jasmy price forecast for today (December 8, 2022) by experts still isn’t promising. However, they don’t expect the token to plummet lower than $0.00360 for the rest of today – standing as its minimum price.
According to technical indicators, analyses, and candlestick chart readings, the expected maximum price is $0.00439. Its average price prediction is around $0.003754.
Jasmycoin Price Prediction For January
JasmyCoin’s expected average trading price by next month is $0.009455165089587 and $0.012940133807693 by the end of the month. Find the table below.
Short-Term Jasmycoin Price Prediction For 2022
Cryptocurrency experts have predicted that by the end of December, Jasmycoin price will rise to $0.004321914180507. Jasmy forecast shows the minimum and maximum prices for December 2022.
Here Is December 2022's Price Prediction For Jasmy price
Long-Term Jasmycoin Price Prediction For 2023
According to crypto experts’ predictions, Jasmy price will rise to $0.026 as the year advances. Take a look at the JasmyCoin cryptocurrency price from an expert’s study of technical indicators.
Long-Term Jasmy Crypto Price Prediction For 2023 – 2030
Many Jasmy forecast experts have shared the long-term growth prediction from 2023 to 2030 below. Check it out.
Long-Term Jasmycoin Price Prediction By Experts
Long-term Jasmycoin price prediction could help investors in their decisions regarding the commitment to the token. Experts have made Jasmy price forecast based on technical analysis to know how it will move in a few years. Find the long-term forecasts below.
Jasmy price prediction by Coincodex
According to Coincodex, the technical indicators for JASMY read the current sentiment to be Bearish. The Fear & Greed index shows 25 (Extreme Fear). The site predicted that Jasmy coin would surge slightly to $0.003850 by the beginning of 2023.
DigitalCoinPrice JASMY crypto price prediction
DigitalCoinPrice gave a long-term Jasmycoin price prediction that indicated a bullish sentiment for the token. According to the forecast, the average price of the JASMY token will hit $0.00916, $0.0126, and $0.0171 in 2023, 2024, and 2025 respectively.
Jasmy coin prediction by WalletInvestor
Walletinvestor sees a devaluation of investors’ funds in the future in its long-term JasmyCoin prediction. According to the site, Jasmy price will drop to $0.000612 in 2023. This depicts a dip of over 80% from its current price at the time of writing.
Jasmy price forecast by CoinArbitrageBot
CoinArbitrageBot used JasmyCoin’s historical data for its price prediction. According to the site, Jasmy price will be $0.034145, $0.060772, and $0.098329 by the end of 2023, 2024, and 2025 respectively.
Jasmy price prediction CoinsKids
According to CoinsKid’s prediction for Jasmy price, the token will first indicate and bullish move and will later drop. The site predicted an average price for the beginning of 2023, 2024, and 2025 to be $0.0045, $0.0040, and $0.0037, respectively.
Jasmy Price Prediction By Margex
Margex platform supports digital assets such as BTC, ETH, EOS, XRP, LTC, SOL, etc., reliable Jasmy alternatives. Traders can profit using the 100x leverage on the platform and can also stake their tokens on Margex staking platform.
Margex crypto trading platform offers traders assistance to help the crypto sector growth. For independent professional consultation, you can reach out to our customer care channels.
This crypto trading platform offers professional consultation through access to technical analysis, insights, and asset price trends. Margex analysts have used the same tools to forecast Jasmy’s future price moves.
JASMY is seeing a low volume of trading activity from the candlestick pattern observed on the chart. Using moving averages – a popular indicator, the price activity becomes more pronounced.
The 50-day and 200-day Simple Moving Average are descending on the price charts and will likely form a death cross in the coming weeks.
The RSI is giving off a bearish signal in line with the price trend at 42.60. The support level and resistance levels are closely clustered on the chart, with a Jasmy death cross expected.
The stochastic oscillator also correlates with the bearish sentiment and signals a sell.
The chances of JASMY getting to the overbought level and forming a golden cross are currently low, as it requires an exponential move. So, expect a further price dip to the $0.035 level.
Note: This is not investment advice. Before investing, you must do proper research. Do not risk more than you can afford to lose.
Jasmy Price Prediction FAQs
Find more targeted answers to Jasmy crypto future and possible price gains below.
Will JASMY price ever reach $100?
JASMY can reach $100 because it has much potential. However, the coin is less than $1 currently, so it will take many years to come before it can hit $100.
What will be JasmyCoin price in 2025?
Cryptocurrency experts predicted the price of JasmyCoin after analyzing its fluctuation in the previous years. According to JASMY expert predictions, the coin will rise to a maximum price of $0.0149985 and a minimum of $0.0119988 in 2025. Its average price will be $0.019998 in 2025.
What will be the price of JasmyCoin token in 2030?
Jasmycoin price predictions suggest the coin will reach a minimum of $0.0819918 and a maximum of $0.0969903 by the end of 2030. Following this prediction, JASMY's average trading price in 2030 will be around $0.0849915.
What will JasmyCoin price be in 5 years?
According to crypto expert analysis, JASMY will reach around $0.0289971 in the next five years. It might later drop to a minimum of $0.0279972. Based on expert predictions, the coin will trade at an average price of $0.0339966 in five years.
Is there a future for JasmyCoin (JASMY) crypto?
JasmyCoin has a future, even though the coin price has plunged during the past months. JASMY's partnership with Toyota and Sony shows the project aims to get better in the future. However, the future of JasmyCoin depends on the performance of the crypto market.
How high will JASMY price ever get?
According to crypto price predictions, JasmyCoin may reach $0.004 by the end of 2022. Jasmycoin price predictions suggest the token will hit a maximum of $0.007 in 2023. The coin may reach up to $0.034 in the next five years.