Emerging crypto contenders cause JasmyCoin price to fluctuate
Disclaimer: This article is not intended to provide investment advice. The information and materials presented here are for educational purposes only.
JasmyCoin, with its unique use case and impressive performance, has attracted the interest of investors. Meanwhile, newcomers like Mollars are also gaining attention due to their potential.
In the midst of rapidly changing market dynamics, the cryptocurrency space has seen a surge of positive growth in the past 24 hours. Surprisingly, it’s not just meme coins and the usual alternative coins that are experiencing gains. JasmyCoin, also known as Japan’s Bitcoin, has caught the eye of investors with its distinctive use case and remarkable market statistics.
Although it is not currently skyrocketing, JasmyCoin saw a significant increase of 26% in the past day, reaching a value of $0.028. However, it has since declined and settled at $0.02542 at the time of writing.
The daily trading volume of JASMY has soared by 600% in the past couple of days, reaching $422 million. This astonishing surge has pushed the asset’s market capitalization to $1.4 billion, making it the 72nd largest cryptocurrency at the time of reporting.
JasmyCoin (JASMY), which was launched in 2021, has seen notable growth in the past year. This raises questions in the minds of cryptocurrency enthusiasts: what exactly is Jasmy and what is its purpose?
Founded in Japan, Jasmy positions itself as a champion of data democratization. The cryptocurrency aims to develop solutions that empower users to have control over the data they send to companies through Internet of Things (IoT) technology.
JASMY focuses on addressing the modern needs of data management. According to Security.IO, the coin integrates blockchain technology with the Internet of Things.
In simple terms, IoT is a technology that enables devices to connect to a central “cloud” where all data is managed. For example, a car sending data back to a central cloud for analysis and feedback is an example of IoT.
Sometimes, this information is private or used for commercial purposes. Therefore, JasmyCoin could potentially become a solution that allows users to earn money from companies that utilize their IoT data to generate profits.
The actual JASMY coin differs from the blockchain itself. The crypto-coin is used to pay block miners and could also serve as a tool to compensate individuals for their information in the future. It is also a coin in which traders can invest funds to benefit from daily market volatility.
JASMY has performed exceptionally well over the past year, with Japan’s Bitcoin experiencing a growth of over 445% since the same time last year. In the past month alone, JASMY has risen by 40.5%, with a significant portion of this increase occurring in the last week. The approval of the Ethereum Spot ETF has contributed to a 30% increase in the price of this data management coin.
Currently, the coin is being sold for $0.02542. JasmyCoin has seen a surge from last year’s value of $0.00474, effectively increasing its price by eliminating a zero.
As enthusiasts of meme coins look for interesting coins like JASMY to boost their portfolio profits, there is another alternative coin that is attracting investors away from Jasmy and other altcoins. Mollars token, an emerging contender in the market, had a successful presale over the weekend, selling nearly 110,000 tokens in under 48 hours. Notably, JasmyCoin investors are among the traders participating in the presale.
The strong growth in sales indicates that Mollars could be the next big thing, following in the footsteps of JASMY. Interestingly, over the past 30 days, the search term “Mollars” has outperformed “Jasmy coin” in terms of search inquiries. This demonstrates the increasing interest in this new store-of-value token compared to the established Japanese data management coin.
Mollars token is still in its presale stage, which makes it quite an achievement to rival the search volume of an already established crypto coin with a market capitalization of $1.27 billion.
Furthermore, three crypto exchanges, namely LBank, Bitmart, and XT, have announced that they will be listing the MOLLARS token after the initial coin offering (ICO) closes on June 1. Additional listings are expected closer to the launch date. With a current presale price of $0.55, experts predict that Mollars could potentially grow in value by 44 times or +4,400% in a relatively short period.
As JasmyCoin continues to rise, new contenders like Mollars are also attracting investor attention with their promising potential. The evolving market landscape suggests that exciting times lie ahead for both established and emerging cryptocurrencies.
Read more:
LBank to list Mollars following ICO close.
