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09/08/24
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JASMY: The Mid-Cap Altcoin Set for Explosive Growth in Bull Market
Crypto analyst Javon Marks has spotlighted a mid-cap altcoin, JASMY, which he believes is poised for substantial growth, potentially achieving a remarkable price increase of over 1,100% in the current bullish market cycle. Marks anticipates that JASMY can reach a target price of $0.2785, noting that the altcoin has consistently shown resilience, with each decline serving as a catalyst for further upward momentum.
Throughout its journey in this market cycle, JASMY has experienced a significant rise, once being as much as 7,350% away from the current target price. The altcoin has established itself as one of the top performers among the leading 100 cryptocurrencies by market capitalization, boasting an impressive year-to-date gain of over 220%. Often referred to as Japan’s Bitcoin, JASMY has thrived amid the artificial intelligence (AI) boom, becoming the utility coin for Tokyo-based Jasmy Corporation, which specializes in secure data transactions and storage for Internet of Things (IoT) devices.
JASMY’s growth has been further fueled by positive developments, such as the introduction of JANCTION AI, a layer-2 network aimed at supporting decentralized AI applications. Additionally, rumors have circulated regarding a possible partnership with Apple, focusing on the integration of Japan’s My Number Card with iPhones in the country.
The interest surrounding JASMY has not been limited to Marks’ observation. Various analysts have acknowledged its potential, with one highlighting that JASMY remained strong even during broader market pullbacks. Another analyst suggested that JASMY could reach $0.067, though a timeline for this rise was not specified. Analysts are optimistic that bullish momentum is building, particularly as JASMY holds above critical support levels. Currently, JASMY is trading at approximately $0.0220, reflecting an increase of more than 4% in the last 24 hours, according to CoinMarketCap data.
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