JasmyCoin Surges 861% Year-to-Date, Outperforming Top 100 Altcoins
While Bitcoin (BTC) and other leading cryptocurrencies gain attention, JasmyCoin (JASMY) has surged 861% year-to-date, outperforming the top 100 tokens. As of Thursday, JASMY broke out of a seven-month consolidation phase, reaching $0.054.
The Altcoin Outperforming Major Cryptos
JasmyCoin has recorded substantial short-term gains: 118% over the past week, 162% over two weeks, and 211% over thirty days.
Market experts predict a continued bullish trend until at least the second quarter of 2025, indicating further growth potential for JASMY, which remains 98% below its all-time high of $4.79 from the 2021 bull market. Ethereum (ETH), as the second-largest cryptocurrency, is expected to influence future price movements.
JasmyCoin Eyes Key Resistance Levels
JasmyCoin serves as the native token for the Jasmy platform, which integrates blockchain and Internet of Things (IoT) technologies to democratize data usage. The platform provides a decentralized infrastructure for individuals to control and monetize their data safely.
Built on the Ethereum blockchain, JASMY is an ERC-20 token with a total supply of 50 billion tokens. Its uses include data transfer and storage, payment for services, facilitating institutional market entry, offering crypto loans, and optimizing tax strategies.
In comparison, Bitcoin's year-to-date gains stand at 120%, following a recent all-time high of $104,000. JasmyCoin has significantly outperformed Bitcoin during this period.
According to CoinGecko data, Bitcoin's trading volume increased by 64%, while JasmyCoin experienced nearly a 100% surge in trading volume simultaneously.
Technical analysis indicates critical resistance levels for JASMY/USDT at $0.063, $0.067, and $0.070—levels not seen since January 2022. Key support levels to monitor are $0.040 and $0.031, essential for maintaining bullish momentum as the altcoin approaches the $0.10 mark.
Featured image from DALL-E, chart from TradingView.com