JasmyCoin price prediction: Will the value of ‘Japan’s Bitcoin’ ever recover?
The JasmyCoin price has plummeted since trading opened in 2021 and remained relatively flat ever since, presenting prospective newcomers with a reasonably daunting price history.
Over the past week, JasmyCoin (JASMY) dropped by 2.76%. However, today, October 11, 2024, the token has made a bit of a comeback, rising by 1.38% in the past 24 hours.
Just a reminder, JASMY briefly spiked to $4.39 shortly after it began trading in 2021 and has trended steadily downwards ever since. At the time of writing, it is down 99,6% from its all-time high and valued at $0.019.
To better understand the future of JasmyCoin, let’s break down what Jasmy does and how it’s been evolving.
Table of Contents
What is JasmyCoin?
JasmyCoin is the native token for Jasmy, a project aimed at allowing internet users to monetize their own browsing data and sell it to advertising companies. JASMY is a utility token built on Ethereum, and performs a similar role to that of the more widely known BAT token in the Brave Ecosystem.
The project describes itself as “Japan’s Bitcoin”, focusing on the concept of democratized data in an IoT-enabled world.
JasmyCoin crypto news
In March 2024, the project announced a partnership with Panasonic.
The project states ambitious plans to release its technology globally as an open-source service, allow users to deploy their own databases on the network, and lock up a significant portion of its tokens.
The project did initiate a lockup of 100 million tokens in May 2024.
In May 2024, JasmyCoin pumped on rumors that the cryptocurrency had partnered with smartphone giant Apple, creating a huge buzz in the JASMY community.
Did JasmyCoin partner with Apple? No.
The partnership rumor may have stemmed from the project’s subreddit and was picked up by media outlets, including CryptoNewsLand, which stated that the Prime Minister of Japan has confirmed that iPhones would be integrating JasmyCoin tech by next spring.
The false news was syndicated on a subdomain of the Binance website, lending credence to the rumor.
What lies ahead for JASMY? Let’s look at the JasmyCoin price prediction for 2024 and beyond.
Jasmy crypto price prediction: short-term outlook
What are the expectations for JASMY in the near term?
According to CoinCodex’s Jasmy token price prediction, JASMY’s price is expected to increase by 227%, potentially $0.0617, by Nov. 9, 2024.
As of Oct. 11, 2024, the overall sentiment for the JASMY forecast remains bearish, with 8 technical analysis indicators showing bullish signals and 21 indicating bearish trends.
JasmyCoin price prediction for 2024
According to CoinCodex’s projections for JASMY, it is forecasted to trade between $0.018891 and $0.088839 this year.
Wallet Investor expects that by the end of 2024, the coin could achieve a maximum price of $0.0772.
DigitalCoinPrice predicts that JasmyCoin could exceed its previous high of $4.99 and stabilize between $0.037 and $0.0418 in 2024.
What is the JasmyCoin price prediction for the long term?
JasmyCoin Price Prediction for 2025
According to DigitalCoinPrice’s prediction for 2025, JASMY’s future price could fluctuate between $0.0408 and $0.0489, with the most likely value stabilizing around $0.0457 by year’s end.
Wallet Investor forecasts a minimum price of $0.0421, an average price of $0.0766, and a maximum price of $0.11 by the end of 2025.
JasmyCoin Price Prediction for 2030
DigitalCoinPrice expects that JASMY could reach a price of $0.13 or $0.14 by the end of 2030.
According to CoinCodex’s prediction for 2030, the token’s price could range from $0.0538 to $0.1189, indicating a more limited forecast.
JasmyCoin will need to demonstrate success in any endeavors, in order to become a long-term viable investment to serious market participants.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
FAQs
Is JasmyCoin a good investment?
Cryptocurrency markets are notoriously volatile, subject to sudden shifts and external influences that can defy even the most well-informed predictions. Investors need to consider factors like market sentiment seen on social media, adoption of JasmyCoin technologies, and delivery on promises like token lockups and open source technology.
Will JasmyCoin go up or down?
Projects that drop nearly 100% and remain in that price range for multiple consecutive years typically struggle to regain investor trust, making a bullish JASMY price target harder to reach.
On the other hand, if JasmyCoin does turn things around, the project could indeed have a future, as indicated by the promising partnership with Panasonic. The JASMY coin potential will ultimately depend on how widely it is adopted and whether the project staff deliver on their promises.
Should I invest in JasmyCoin?
Before jumping into an investment in JASMY, be sure to check out its recent performance and get a sense of where it might be headed next.
Exercise prudence, conduct thorough research, and diversify your portfolios to mitigate risks associated with cryptocurrency investments. Always remember the golden rule of investing: never invest more than you can afford to lose.
