Certain tokens stand out for their potential and unique value proposition. One that has shown a strong community and, despite not being impressive for a long time, has maintained many loyal fans is JASMY.
The project, which was created to restore personal data sovereignty, is becoming more popular. It combines the Internet of Things and blockchain to allow users to retain full control over their personal data.
One of the people who has been a strong supporter of this project is Lee the Captain, a crypto YouTuber with more than 48,000 subscribers.
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The Case for JasmyCoin
“I feel like I must own at least 100,000 Jasmy,” Lee the Captain shared with his audience. His reasoning? A conviction that JASMY could potentially reach the $1 mark during this bull run. While careful to note this isn’t financial advice, Lee paints an enticing picture: at a $1 valuation, 100,000 JASMY tokens would be worth $100,000.
“I’m not guaranteeing anything,” Lee clarifies, “but when it comes to Jasmy, this could be something special.”
Price Prediction: Is $1 Really Possible for JASMY?
According to Lee the Captain, a $1 price target isn’t as far-fetched as it might initially seem. At this price, considering the current circulating supply, JASMY would have a market capitalization of approximately $50 billion.
For context, Lee points out that we’ve seen Dogecoin reach over $80 billion in market cap and Shiba Inu touch around $40 billion back in 2021. “I don’t think this is too much to ask for,” he explains.
A $1 price would represent roughly a 45x return from current levels. Lee illustrates this with a simple example: a $1,000 investment in JasmyCoin could theoretically grow to approximately $45,000 if the token reaches the $1 milestone.
The Market JASMY is Targeting
What makes JasmyCoin particularly compelling is its focus on decentralized data storage, a market with enormous potential. As Lee the Captain notes, “Data storage is a market that has a lot of potential in my opinion. At least theoretically, the market size is predicted to be worth nearly $800 billion by 2030, according to Fortune Business Insights.”
Lee offers a thoughtful explanation of why decentralized data storage matters: “A lot of data storage nowadays is highly centralized, and it’s only logical to assume that the more decentralized something is, the less susceptible it is to potential hacks and attacks.”
He uses an analogy to illustrate this point: “Let’s say I’m trying to hide my treasure, and I hide my treasure in a hundred different locations. Would it be harder to get all of that treasure if I hid it in a hundred different places? Or if I just hid it in one place? I think it’s a lot harder if it’s a hundred different places.”
In traditional centralized data storage, there are multiple single points of failure. Many people may also have concerns about certain entities gaining access to their personal data. Decentralization addresses these issues, although Lee acknowledges that mass adoption will take time.
“But then, it doesn’t really matter,” he adds, “because the narrative is strong in my opinion. And people usually care about the narrative, at least currently.”
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JASMY’s Unique Position in Japan
One of JASMY’s most significant advantages, according to Lee the Captain, is its status as a legally compliant cryptocurrency in Japan. He thinks JASMY being legally compliant in Japan is a big flex.
This distinction has earned JASMY the nickname “Bitcoin of Japan”—not” because it’s similar to Bitcoin, but because it became the first legally compliant cryptocurrency in the country.
Lee the Captain expresses confidence in the JASMY team, noting that many team members previously worked at established companies like Sony and KPMG (one of the Big Four accounting firms).
“The way I take a look at Jasmy is that it’s a very impressive project,” he says. “It’s focused on the right market, has a good community, and good exchange listings.”
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18-Months After Halving
Lee believes in the importance of patience when investing in altcoins like JASMY. He points out that altcoins typically peak around 18 months after a Bitcoin halving event. With the last halving occurring in April last year, this would put the potential peak around October this year.
“I’m still staying very patient, going to continue to acquire more,” Lee shares. “And it’s not like it’s a guarantee that things are going to peak, as a worst case, around October, but I think, if anything, it’s a good benchmark.”
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