The crypto fear and greed index, which stood at 88 in the extreme greed zone early this year, has dropped below the neutral zone. Cryptocurrency prices usually decline sharply when market sentiment shifts towards fear, as seen in most tokens, including the JasmyCoin. This meme coin has been on a downtrend, marking more than a 60% drop from its December high. However, there are several signs that the altcoin could halt its ongoing sell-off.
Meanwhile, a newly launched Solana-based meme coin, ChowWow ($CHOW), is gaining lots of traction. Thanks to its unique blend of viral meme culture with play-to-earn and stake-to-earn mechanism, offering real value beyond speculation. $CHOW presale has already attracted attention from investors looking to get in early. But can it be the next viral token after JasmyCoin?
What you'll learn 👉
3 Reasons Why JASMY Price May Jump 165%
The JasmyCoin (JASMY) has retraced near $0.20, marking a more than 60% decline from its December high. The ongoing JasmyCoin sell-off has aligned with the general market downturn, leaving traders cautious, with many opting to stay on the sideline. Bitcoin (BTC), which heavily influences the altcoin market, dropped from a high of $109K to $98K, further dampening JASMY sentiments.
However, there are signs that JASMY holders are not selling. Per CoinCarp data, the number of JASMY holders has risen to 88,600 on February 12th, up from 85,300 a month earlier. Usually, crypto traders sell off their holdings during sharp price declines, but this trend suggests otherwise. Another potential catalyst for a price pump is the declining exchange balances. The total supply held on exchanges has dropped to 8.49 billion, down from 11.67 billion in March last year.
The number of Jasmy holders has increased.| Source: CoinCarp
Another factor in JasmyCoin’s price decline is the formation of a falling wedge pattern often characterized by two descending converging trendlines, which signals a potential reversal. In this scenario, Jasmy’s trendline is hovering near the confluence point, indicating a rebound could happen soon. Its RSI has also formed this pattern, while the Percentage Price Oscillator has dropped to its lowest since August 2024. Jasmy’s price experienced a strong rebound the last time it reached this level.
ChowWow (CHOW): The Meme Coin Looking to Outshine The Likes of JasmyCoin
Powered by the Solana blockchain, ChowWow is the new play-to-earn crypto project that allows players to buy and trade in-game assets with real value. It draws inspiration from an old dog breed in China called Chow Chow. These majestic dogs are associated with good fortune and prosperity― and ChowWow intends to bring good luck and wealth into the blockchain.
The project aims to build a loyal community of token holders and assist them to become financially independent. Ideally, it introduces a gaming ecosystem where the sole medium of exchange on the platform will be its native token. The $CHOW token will be used to distribute gaming and staking rewards, as well as purchasing in-game assets.
Meanwhile, half of the tokens have been set aside for the project’s presale, while the rest will be used for operational expenses. This will include maintaining liquidity pools, staking rewards, team allocation, and funding marketing campaigns. At stage one of its presale campaign, ChowWow is selling for only $0.008 and has raised over $170,000 in funding. This impressive momentum reflects its rapidly growing demand from investors.
Can ChowWow Mirror JASMY’s Price Movement
JasmyCoin price movement indicates a breakout rally on the horizon. Meanwhile, ChowWow is well positioned to become one of the best meme coins in 2025, thanks to its unique gaming ecosystem that balances utility with economic feasibility. Moreover, ChowWow offers various ways to earn passive income with the freedom to try different DeFi solutions.
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