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Highlights
- DePIN has surpassed an impressive milestone of $29 billion market cap.
- Apple Inc. will be adding Japan’s ‘My Number’ application to iPhones.
- JasmyCoin is not included in the partnership with Apple, but JASMY is still pumping.
Jasmy price prediction: The bullish outlook exhibited by Jasmy underpins the increasing importance of the decentralized Physical Infrastructure Network (DePIN) sector in the industry. Based on CoinGecko data, Jasmy Coin is up 18% to $0.041 on top of a 61% upsurge in seven days.
Jasmy Price Prediction: JASMY Bulls Eye $0.064, But a Cool Down is Due First
JASMY price recently broke out of an ascending triangle, exploding in a 63% price burst. The price action is trending high above the 50-day and 200-day moving averages, a bullish signal for the project.
On the way up, JASMY price left some unfilled fair value gaps (regions of market inefficiencies or imbalances). For the price action to be stable, these FVGs must be resolved by revisiting the price of those zones.
FVGs on the JASMY chart are around the $0.032 and $0.028 price levels. Hence, JasmyCoin price may revisit these levels, providing buyers with an opportunity to top up their bags at cheaper prices. The FVGs also coincide with the 0.38 and 0.5 Fibonacci retracement levels, confirming them as potential support zones.
After the retracement, JASMY price may bounce back up and run for the 0.27 Fibonacci extension level around $0.046. Eventually, the JASMY price may rally to $0.64 as strong resistance exists around that price level.
Why is Jasmy Price Skyrocketing?
DePIN narrative is hot right now, and as a player in this sector, JasmyCoin has secured a large market share. JasmyCoin’s price surge is tied to a recent announcement by Apple. The tech giant announced that it would be adding Japan’s ‘My Number’ application to iPhones. Investors rushed to buy JASMY, believing the project had somehow partnered with Apple.
While JasmyCoin is an ERC-20 project that allows users to have full autonomy over their IoT-generated data by storing it securely for them on the Jasmy platform, My Number is a digital technology designed to be used as an electronic certificate for identity verification. It is easy to see what investors could have concluded.
According to Coingecko, DePIN has surpassed an impressive milestone of $29 billion. With compute, storage, and AI categories taking the lead, it’s evident that the demand and potential in these areas are enormous
Even though the news has been clarified, JASMY price continues to soar as it comes close to overtaking industry giants like Celestia (TIA).
Bottom Line
As the DePIN sector continues to mature, coins like JASMY will continue to outperform the market. The involvement of industry giants like Apple and Panasonic in JasmyCoin’s domain only points to an inevitable future of integration and partnerships. JASMY investors are watching the markets closely to catch more buying opportunities.
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