Jasmy Coin: A Smart Investment Move?

Jasmy Coin (JASMY) is an Ethereum token that powers an organisation aiming to decentralise the coordination of IoT devices and data networks. Its key feature is the lack of a central data storage strategy, instead storing data on a decentralised storage network, IPFS. Jasmy Coin's value has fluctuated since its launch, with some sources suggesting it is a good investment, while others are more sceptical about its long-term growth trajectory.

JasmyCoin's price predictions for 2024 and beyond

JasmyCoin (JASMY) is an Ethereum-based token that powers Jasmy, an organisation working on Internet of Things (IoT) platforms. Its aim is to decentralise the coordination of IoT devices and data networks using edge computing and storage on IPFS.

JASMY's price has been volatile. In October 2021, it rose by nearly 57% when it was added to Coinbase, and then a further 56% on 12 October. In May 2024, it made a 24-hour return of over 30% but then quickly lost value.

According to one source, JASMY is currently trading at $0.0296, and its 24-hour trading volume is around 97.59M, making it the 60th most valuable cryptocurrency in the world.

2024

According to one source, JASMY is predicted to reach a minimum level of $0.049 and a maximum level of $0.060, with an average trading price of $0.051. Another source predicts that it will reach $0.0651 by the end of 2024.

2025

There is a possibility that JASMY can break through the $0.0761 barrier and hold the market by the end of 2025. The lowest price is predicted to be between $0.0635 and $0.0761, and the most likely price will be steady at around $0.0712. Billionaire venture capitalist Tim Draper predicts that JASMY will reach $0.0761 by the end of 2025 or early 2026.

2026

By 2026, market analysts and experts predict that JASMY will start the year at $0.0874 and trade around $0.11.

2027

There is a good chance that JASMY will double in price in 2027, but it may not reach its expected maximum of $0.13. It is predicted to reach an all-time high of $0.13 or $0.19 in 2027.

2028

In 2028, JASMY is predicted to experience tremendous growth and reach new highs in terms of price points and market cap. Its price is expected to surpass $0.13, with a minimum price of $0.11 and a maximum price of $0.26.

2029

In 2029, JASMY is expected to cross a price level of $0.15, with a minimum price of $0.14 and a maximum price of $0.40.

2030

By the beginning of 2030, JASMY is predicted to reach a price of $0.22, and this price should be maintained until the end of the year.

2031

In 2031, JASMY is expected to cross the $0.30 average price level, with a minimum price of $0.29 and a maximum price of $0.82.

2032

JASMY's price is estimated to reach $0.41 by 2032, with an average trading price of $0.42 and a maximum price of $0.43.

2033

In 2033, JASMY will try to reach a low of $0.56 and a high of $0.58, with an average forecast price of $0.57.

Please note that cryptocurrency is a highly volatile asset class, and it is difficult to make accurate predictions. This price information should not be considered investment advice, and you should do your own research before investing.

The pros and cons of investing in JasmyCoin

Pros

• JasmyCoin (JASMY) is an IoT (Internet of Things) platform that aims to decentralise the process of coordinating networks of data and devices. It does this by storing and computing data on a decentralised storage network, IPFS. This means that it does not have a central data storage strategy, which is a stand-out feature.
• JasmyCoin is based on Ethereum and powers its namesake, Jasmy, an organisation that works on Internet of Things platforms.
• Jasmy claims to be an adherent of 'data democracy', which means it aims to return personal data to the individual it belongs to. It wants to build a solid relationship of trust between the companies that use its platform and end consumers.
• Jasmy is available on Coinbase, which makes it more accessible to investors.
• Jasmy has seen some steep gains in price since it was added to Coinbase in October 2021. It rose by nearly 57% on 8 October and a further 56% on 12 October.
• Jasmy has been predicted to reach a maximum price of $0.82 by 2030.

Cons

• JasmyCoin's recent gains might not be sustainable in the long term.
• Wallet Investor is not positive about Jasmy's long-term growth trajectory and predicts that the coin will drop in value by around 87% in one year.
• Priceprediction.net also has a negative view of Jasmy crypto and predicts that it will decline in value by 75% on average by the end of 2021.
• Jasmy has some rivals with advantages over it in the IoT space. IOTA, for example, has an early mover advantage with a lot of established partnerships.
• Jasmy's price has been extremely volatile, and it has seen some massive price swings since its admission to Coinbase.
• Jasmy has been decreasing in value over the last 24 hours, 7 days, and one month.

JasmyCoin's performance against other cryptocurrencies

JasmyCoin (JASMY) is a new token that has been gaining attention in the world of digital currencies. It is the first Japanese blockchain project that provides both corporations and people with unique and innovative data storage possibilities.

JASMY is an ERC-20 token used as a payment method on the Jasmy network. It is the first cryptocurrency to be made legally compliant in Japan, which is significant given the country's strict regulations on cryptocurrencies.

JASMY is designed to be a payment cryptocurrency. Companies that want access to user data can purchase it by paying in JASMY. This boosts the chances for data-dependent organisations to collect data, which is typically difficult to come by. It is anticipated that the value of the data will rise as the market grows.

As of June 26, 2024, JASMY is ranked as the 60th currency in the whole crypto world. In the last 30 days, it has increased by 13.61%. Over the last year, the price of JASMY increased by 412.46%. Its 3-year performance is 63.18%.

JASMY's price is predicted to reach $0.22 by the end of 2030. In 2031, it is expected to cross the $0.30 average price level, with a minimum price of $0.29 and a maximum price level of $0.31. By 2032, the minimum price is estimated to be $0.41, with an average trading price of $0.42 and a maximum of $0.43.

In comparison, Bitcoin (BTC) is currently ranked as the number one cryptocurrency in terms of market capitalisation. As of August 12, 2024, the price of Bitcoin is $59,361.

Other popular cryptocurrencies include Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE). These cryptocurrencies are all in the top 10 in terms of market capitalisation and have higher prices compared to JASMY. For example, as of August 9, 2024, the price of Ethereum is $1,731.

In summary, JasmyCoin has shown strong potential with its innovative data storage possibilities and unique position as the first legally compliant cryptocurrency in Japan. Its price has experienced significant growth over the last year and is predicted to continue increasing in the future. However, it is important to remember that the cryptocurrency market is highly volatile, and there are risks associated with investing in digital currencies.

The impact of Coinbase admission on JasmyCoin's price

On 9 October 2021, the JASMY token was added to Coinbase, causing its price to rise by nearly 57% on 8 October and a further 56% on 12 October. This spike demonstrated the "Coinbase Effect", where the admission of a token to Coinbase boosts awareness of the token and trading volume. Coinbase Pro's announcement that it would start taking inbound transfers of new tokens, including Jasmy, was a contributing factor to the surge in interest.

The price of Jasmy in US dollars was around the $0.01600 mark on 5 October, but the real spike in the price came the following day, reaching a peak of 0.065. Jasmy has since shed much of that price increase, but it seems to have locked in some of the week's gains, at least temporarily. The latest price at the time of writing was 0.41.

The Coinbase admission led to some extreme volatility as traders tried to find a new price for the coin, and it is expected that there will be some more price stability as a result of this readjustment.

In terms of price predictions, one source predicts that the average price of Jasmy (JASMY) might go to $0.025 by the end of 2022, and that by the five-year mark, it is estimated that the coin will easily reach the $0.11 mark. Another source predicts that Jasmy will increase in value, reaching a maximum price of $0.82 by 2030.

However, it is important to note that Wallet Investor and Priceprediction.net have a negative view of Jasmy's long-term growth trajectory, predicting that the coin will decline in value by 87% and 75% on average by the end of 2021, respectively.

Therefore, while the Coinbase admission did provide a boost to Jasmy's price, the impact may be short-lived, and the coin's future price performance remains uncertain.

JasmyCoin's potential to reach new heights in the future

JasmyCoin (JASMY) is an Ethereum-based token that powers Jasmy, an organisation working on Internet of Things (IoT) platforms. Its objective is to decentralise the coordination of IoT devices and data networks using edge computing and storage on IPFS. It also supports the transfer of tokens between devices and can be used as payment for network services.

Jasmy's addition to Coinbase in October 2021 saw its value rise by nearly 57%. It then rose by another 56% on 12 October. Jasmy's price in US dollars was around the $0.01600 mark on 5 October, but the real spike came the following day when the coin enjoyed some spectacular but very short-lived gains, reaching a peak of $0.065.

While Jasmy's recent gains might not be sustainable in the long term, the future for the IoT space as a whole looks bright. According to Mordor Intelligence, the global IoT market is expected to reach $1,386 billion by 2026 from $761.4 billion in 2020.

Wallet Investor isn't positive about Jasmy's long-term growth trajectory and predicts that the coin will drop in value by around 87% in one year. Priceprediction.net also has a negative view of Jasmy crypto and sees it declining in value by 75% on average by the end of 2021. However, Digital Coin Price sees an upside of more than 50% for the coin from the current levels by the end of 2021.

Despite these differing opinions, Jasmy has the potential to reach new heights in the future. According to specific experts and business analysts, Jasmy can hit the highest price of $0.82 by 2030. By 2026, market analysts and experts predict that JASMY will start the year at $0.0874 and trade around $0.11, which would be extremely high compared to the previous year. There is also a good chance that the JasmyCoin 2027 price prediction will double in price, reaching an all-time high of $0.13 or $0.19 in 2027.

In summary, while there are some negative predictions about Jasmy's future value, there is also potential for significant growth in the coming years, especially with the expected expansion of the IoT market.

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