JasmyCoin Price Prediction: Will JASMY Price Reach $0.01 in 2023?

Key Takeaways:

• JasmyCoin has been trading flat and appears to have been preparing for a significant plunge toward the lower support
• The bears appear to have held a tight grip over the token and hence the price may remain heavily consolidated under $0.01 for a longer time in 2023
• The whales are accumulating heavily that may impact the price in the coming days which may mark the yearly highs very soon

Price	$0.0051
24H Price Change	-1.49%
7D Price Change	+30%
MarketCap	$237.57 million
Circulating Supply	46.39 billion
Trading Volume	$81.74 million
ATH	$4.99
ATL	$0.0027

JasmyCoin Price History

• JasmyCoin was founded in 2016 by a Tokyo-based Internet-of-Things provider Jasmy Corporation led by several Sony Executives.
• The token was launched when the crypto space was in between the 2021 bull run and hence the JASMY price surged high to mark the ATH at $4.29 soon after its inception
• Woefully, the market collapsed and the JASMY coin dropped hard and traded below $0.01 for the rest of 2021. 
• Further, the year 2022 remind heavily consolidated as the entire market remained under acute bearish influence 
• The price that began the yearly trade around $0.003, failed to slash a zero throughout the year and ended the 2022 trade on a bearish note 
• Presently, the price continues to trade around the similar range with a slight increase to $0.005 since the beginning of 2023

Additional Read: Zilliqa Price Prediction

JasmyCoin Technical Analysis

Source: Tradingview

• The JASMY price has been trading under extreme bearish influence much before the market collapsed due to the Terra crisis
• Since then, the price traded along the lower trend line which is acting as strong support during the extreme bearish action
• Presently, the markets are appearing to be bullish since the beginning of 2023, but the JASMY price after a notable rise is trading flat, showcasing the possibility of reaching the lower support soon
• However, the price is believed to remain within the same bearish trend for the next couple of weeks until a massive buying volumes does not kick-in

Overview of JasmyCoin On-chain Analysis:

JasmyCoin Whale Accumulation

Source: Santiment

Whale accumulation is considered as an important factor which could determine the upcoming trend of the token. With a rise in the accumulation, it is believed that the prices may soon inflate which compelled them to accumulate. However, a drop in the accumulation usually creates FUD within the space, keeping the market participants away from the project.

Interestingly, the whales that hold between 10 million to 1 billion tokens have dropped considerably compared to the whales that hold lower than these levels but above 10,000. However, a small bullish deviation is witnessed among the bigger whales and hence they also may intensify with the accumulation soon.

JasmyCoin Daily Active Address

Source: Santiment

The daily active address measures the activeness of the platform which is measured by combining the number of trades happening over the network. The trades include buying, selling, or even swapping. It is basically the number of interactions done to the network which keeps the platform active, pointing towards the rise in the interest of the market participants over the network. 

The daily active address remained consolidated below 500 for quite a long time but ever since the FTX debacle, the levels have elevated. The DAA surged high to mark levels around 1155 as the interest of the market participants appears to have intensified. However, the spike in the DAA helps the price to remain volatile which could attract many strong hands onto the platform. 

JasmyCoin Supply Held by Top addresses

Source: Santimnet

The supply on top address substantiates the whale accumulation which has been positively impacted in recent times. The top addresses indicate the wallets holding a huge number of tokens that may directly impact the token price. Also, if the supply on these top addresses amplifies, then the volatility of the token could be badly impacted. 

The supply has spiked heavily in recent times indicating a possible price rally in the coming days as the market sentiments turn bullish. The accumulation had cemented until the first half of 2022 which surged high to reach beyond 26.5 billion from 17.43 billion in just 6 months. 

JasmyCoin Price Prediction for 2023

JasmayCoin has been deeply impacted by the negative market sentiments due to which the price remained under the extreme bearish influence throughout 2022 and until the time of composition. However, in the past few days, the bulls have regained their dominance due to which the price surged by nearly 100% to reach above $0.005. The bear has managed to restrict the rally, but after a brief consolidation, the upswing could resume. 

In the coming days, the JASMY price could rise notably as the volume has increased to some extent. The price could rise beyond $0.06 in some days beyond which surpassing $0.07 may not be a tedious job. By the end of H1 2023, the price may reach up to $0.083 and experience a significant rejection. Furthermore, the price may end the yearly trade close to $0.01.

JasmyCoin Price Prediction for 2024

After a bullish close for the year 2023, the bullish momentum could be carried forward since the beginning of 2024. The price may remain slightly consolidated around $0.01 for some time and after receiving a significant bullish push may rise beyond $0.012 and reach $0.013 by the end of Q1 2024. Further by the end of Q2 2024, the JASMY price is predicted to hover around $0.014 and an extreme bullish push could escalate the price close to $0.015. 

During the second half of 2024, the bulls are expected to hold a tight grip over the rally and hence try to intensify the upswing to reach levels close to $0.02. However, the levels around $0.018 may hinder the rally for some time which may be overcome soon. By the end of the year 2024, the JasmyCoin price could hover around $0.025 and an extended bullish push may rise the price close to $0.03. 

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JasmyCoin PRICE PREDICTION 2025-2030

In the longer timeframe, the JasmyCoin price appears to be bullish in nature. The price may remain inflated, withstanding bearish interference at equal intervals. The year 2024 could register a significant upswing that may remain for the first half of 2025 as the price may reach close to $0.045 to $0.05. Here, the fear of rejection may haunt the rally that may keep the price consolidated until the end of 2025 and throughout 2026. 

During the 2027 trade, the price is believed to ignite a notable recovery phase that could prevent the price from dropping to multi-year support levels. In 2028, the upswing may hold a tight grip as the price is assumed to spike beyond $0.15 and an extended bullish action may rise the price beyond $0.28 in 2029. The price is believed to form new highs above $0.36 in 2030 and maintain the bullish momentum ahead. 

Year	JasmyCoin Price Forecast
2023	$0.0075 to $0.0098
2024	$0.015 to $0.022
2025	$0.05 to $0.08

Should you invest in JasmyCoin in 2023? 

JasmyCoin began to trade with a blast and marked highs beyond $0.36 in no time. Undoubtedly, the price is consolidating heavily since then but an extended consolidation usually results in a massive explosion. Therefore,  with a revival of bullish market sentiments, JASMY’s price is believed to regain strength and propel higher. Besides, before investing in JasmyCoin or any other crypto, a detailed study of the project and also market trends is imperative. Alongside a deep knowledge of the price movements are also mandatory. 

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