Excellent start of the week for the crypto community as most altcoins are “in green”. There’s no huge pumps though, only modest ones.
One of those modest pumps is JASMY as this altcoin gained 7% today. One crypto analyst predicts more gains to come for JasmyCoin holders.
JASMY Price Prediction – 80% Gains in Sight?
The JASMY price is around $0.026 at press time. This is one of the best performing altcoins in the last few months as it surged from $0.005 levels in February to its 2024 yearly high in June at around $0.04.
Ever since, along with the whole market, JasmyCoin entered a correction phase.
A trader that goes by the name “World Of Charts” and has over 33k followers on Twitter, posted today that he’s in 10% profit on his JasmyCoin trade.
On his chart, we can see the descending channel where JASMY price has been trading. Following today’s price recovery, JASMY broke out of this channel, and he believes another 80% bullish wave will happen which could send the price to the yearly highs area (0.04-0.044).
For those unfamiliar, JasmyCoin is a project developed by a Japan-based company focused on Internet of Things (IoT) technologies.
What I don’t like about this project though is their lack of presence on Twitter, one of the major platforms used in crypto. Their last tweet was over a month ago. For smaller-cap coins, this is usually a red flag.
However, for JasmyCoin, it doesn’t have to be necessarily a big deal. Their market cap is over $1 billion, so Twitter is not a must, but would be better to use it of course.
Read also: PENDLE and Stacks (STX) Prices Rise, Among Top Crypto Gainers – Here’s Why
It remains to be seen whether ‘World of Charts’ will be correct about his JASMY price forecast in the upcoming weeks. Breaking $0.03 level seems like the next logical target for this altcoin.
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