JasmyCoin Price Surge Comes to an End With a 15% Crash

After a five-day window, JasmyCoin Price has started to settle down. Its price has dumped more than 15% from yesterday and is trading at $0.01273. The impact is not only in the price but in the trading volume and market cap as well. The trading value is $426,323,911, with a 60% drop, whereas the market cap is at $631,991,198, 15% down from the previous days.c

So is JasmyCoin falling, or it’s just a temporary movement? Let’s look into that.

JasmyCoin’s Price Week Long Rollercoaster Ride

JasmyCoin price started a hike on 18 February after almost three years of a dead period. Jasmy started with an initial price of $0.006315 on the 18th and reached 0.01867 on the 22nd of February with a trading volume of $ 1.66 billion. In the last two days, the price has fluctuated a little here and there.

It could be a slight fluctuation in a price or the start of a major dip. This change is connected to the recent whale dump at DWF Labs, which dumped 380 Million JASMY worth $5.9 Million on the Binance. With this dump, the price was expected to hike as many other factors were in favor, but instead, a day-long dip occurred.

JASMY has been continuously in trend for almost a week now and has surged more than 160% from its value a month ago. The crypto market is already in 98.60% occupancy of the JASMY coins, where the total supply is 50,000,000,000 and 49,299,999,677 JASMY are in circulation. It has also affected the performance of the coin.

JasmyCoin is a decentralized platform launched in Japan for managing data and IoT devices, and the recent development announcement in Japan has played a significant role in piping its prices earlier. The country has shown positive signs of acknowledging the direct investment in digital assets for venture capitalist firms and any other investment entity.

Community Response Over JasmyCoin Price

Even though there’s a slight decline in the JasmyCoin price today, the community still has a positive response to it. Many analytics have predicted it to dip before jumping to an all-time high.

Now, Binance is carrying more than 20% of the supply and has the potential to change the dynamics in JASMY value. Many have predicted that JASMY will reach the $1 value by the end of February. It is uncertain how JasmyCoin will perform on the community expectations, but the market sentiment can create a positive response.

Conclusion

JasmyCoin Price has dropped from its all-week-long price and is trading at a 15% dip with the current price of  $0.01273. The community has considered it a slight dip before the roar of reaching $1. It has to see how volatility, liquidity, and sentiments will play a role in JASMY’s upcoming prices. Read more about the best airdrops to invest in.