The price of JASMY is down by 30% from its December 6 peak, following a 4-week rally. This is not yet enough to discourage some JASMY lovers. One of them is the analyst behind the “Leed the Chain” YouTube channel.
The analyst thinks JASMY could reach $1 this cycle. The following paragraphs will share his thoughts.
JasmyCoin (JASMY) is positioning itself at the forefront of the decentralized data storage revolution, a market projected to reach $800 billion by 2030, according to Fortune Business Insights.
According to the crypto YouTuber, JASMY is the first legally compliant cryptocurrency in Japan. It stands out among its competitors, such as Storage, Arweave, Filecoin, and SiaCoin, partly due to its enthusiastic community and strong technological foundation.
The current altcoin market is warming up, operating in what Lee describes as second gear. When the market shifts into fifth gear during the anticipated bull run, a $1 price target for JASMY becomes increasingly plausible.
This trajectory mirrors historical patterns seen with other successful cryptocurrencies like Solana, which achieved significant value appreciation before widespread adoption.
Read Also: How Many JASMY Tokens Could Make You a Millionaire? JasmyCoin Price Prediction
Lee looked into JASMY team. He says they bring impressive credentials from companies like Sony and KPMG, rivaling or potentially surpassing the executive expertise of other major cryptocurrencies like Ripple (XRP). This corporate pedigree adds significant credibility to the project’s long-term vision and execution capability.
The BTC Price Effect
With industry leaders like Charles Hoskinson projecting Bitcoin prices between $250,000 and $500,000 in the next 1-2 years, JASMY’s $1 target appears conservative.
A $1 JASMY price would result in a $50 billion market cap, well below the historical peaks seen by comparable assets like Dogecoin ($80 billion) and Binance Coin ($100 billion).
Read Also: Ripple (XRP) Breaks Major Resistance: Analyst Anticipates Spike to These Key Levels Next
Lee thinks the investment thesis for JASMY doesn’t rely on immediate widespread adoption. Instead, it builds on the growing narrative around decentralized data storage, which addresses critical issues like single points of failure and centralized data control.
While adoption may take time to materialize, the speculative value and market sentiment around data privacy and decentralization could drive significant price appreciation in the near term.
JASMY’s combination of legal compliance, strong team credentials, and passionate community support positions it well for potential price appreciation. While reaching $1 represents a significant milestone, the broader market dynamics and JASMY’s fundamental value proposition make this target increasingly achievable in the current bull cycle.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
