Overview
Jasmy Coin (JASMY) has exhibited a sustained downtrend in recent months, reaching near its all-time low. The coin has plummeted over 96% from its peak, resulting in a market capitalization of approximately $59 million.
Jasmy Coin Supply and Distribution
Jasmy Coin has a maximum circulating supply exceeding 50 billion coins, with a fully diluted market capitalization of over $627 million.
Internet of Things (IoT) Industry
IoT, a rapidly growing industry, enables communication between machines and humans. It finds diverse applications in areas such as autonomous vehicles, smart cities, and healthcare.
Jasmy: IoT Blockchain Platform
Jasmy, a Japanese blockchain platform, aims to revolutionize the IoT industry by addressing the challenges of centralized consumer data. Its goal is to establish an IoT ecosystem that ensures data security for both businesses and consumers.
Jasmy Coin (JASMY)
JASMY serves as the native token for the Jasmy ecosystem. However, recent on-chain data reveals a significant decline in JASMY transaction volume, raising concerns about developer usage of the network.
Jasmy Coin Price Analysis
Technical Indicators
- Descending channel: Bearish trend
- Below 25-day moving average: Bearish momentum
- Relative Strength Index (RSI) below 50 and trending down: Bearish sentiment
Price Prediction
Based on technical analysis, JASMY is expected to continue its downward trajectory, with the next potential support level at $0.010. This prediction is subject to change if the coin surpasses $0.020.
Author: James Morrison
Credit and rights: MigBase.com