The price of JasmyCoin (JASMY) cryptocurrency has spiked by more than 12% today, continuing its rally over the past few days. This surge has caught the attention of analysts and investors alike, with one top crypto expert suggesting the coin could potentially see another 225% increase from current levels.
Bullish Breakout and Analyst Projections
The recent price pump comes after JASMY recently broke out of a “bullish pennant” pattern, according to popular crypto analyst JavonMarks (@JavonTM1). In a tweet, JavonMarks stated that this breakout could give the bulls more confidence to push even harder, potentially driving the price up by an additional 225% to around $0.1035 if a “full logarithmic follow-through” occurs.
Also Read: Buying Ripple (XRP) Today Is Like Buying Bitcoin (BTC) at $1,000: Here’s Why
Potential for Widespread Adoption
Part of the optimism surrounding JASMY seems to stem from the belief that its data technology could see widespread adoption across various smart devices and platforms. As highlighted by analyst Ady G. (@adybull888), JASMY’s patented technology is not limited to just Apple devices but could be utilized by any smart device that collects data, including Android, Google, smart doorbells, and even smart cars.
Prospects Despite Exchange Monitoring
While JASMY is currently on the monitoring list on Binance, one of the world’s largest crypto exchanges, analysts like DipMehtaVerse (@DipMehtaVerse) remain bullish on the coin’s prospects. DipMehtaVerse pointed out that JASMY won’t be reviewed for potential removal from the monitoring list until July, and its recent performance in terms of trading volume and market capitalization has been impressive compared to other coins on the list.
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