- The JASMY crypto price has given 14 green days in the last 30 days.
- Over 99% of the total supply of the crypto is in circulation.
JasmyCoin (JASMY) is an ERC-20 cryptocurrency developed by Jasmy Incorporated, aiming to create an economic community where personal data holds value returns to individuals.
Led by a team of Sony executives, it offers services like Secure Knowledge Communicator (SKC) for data management and Smart Guardian (SG) for secure IoT device registration.
The market cap of JasmyCoin has declined by 11.4% in the last 24 hours, resulting in $791.323M. Also, the traded volume for the previous 24 hours has witnessed a decline of 17.2%. This further results in a traded value of $111.322M.
The crypto’s volume/market cap ratio is 14.07%, and its market cap ranking is #108. Also, the market cap dominance of the crypto is 0.03%, and the sentiment of the crypto is bullish.
The volatility of the crypto is extremely high, resulting in 24.92%. The fear and greed index also indicates extreme greed at 79. The volume/market cap ratio for the crypto is 14.07%.
Moreover, the JasmyCoin token hit an all-time high price of $4.99 on February 16, 2021. It was further followed by the crypto’s all-time low price of $0.002747, which was achieved on December 30, 2022.
JasmyCoin Token Supply Overview
The circulating supply of the JasmyCoin is 49.299B JASMY, which is 98.6% of the maximum supply. Meanwhile, the maximum and total supply of the token are the same, resulting in 50.0B JASMY.
The token’s on-chain market cap is $798.749M, followed by a circulating supply market cap of $787.566M.
JasmyCoin Derivatives Analysis
The token’s derivatives trading volume has increased over the last few days, but it has again become constant over the previous few days.
The derivatives trading volume of the crypto has declined by 10.2% in the last 24 hours resulting in $128.03M. Also, the long/short ratio of the crypto is 0.9608, which has resulted in a long liquidation of $425.35K. Despite this, the short liquidation for the crypto is just $31.61K.
Social Dominance Vs Social Volume
The social dominance and volume for the JASMY token have witnessed a stiff decline over the last few days. It shows a decrease in the social activity of the crypto community.
JASMY Crypto Technical Analysis
JASMY token trading price has broken above the level of 0.00845, which was a crucial resistance level. Since the breakout, the token’s price witnessed a sudden advance of 200% in the trading price.
After the surge in the trading price, it started to witness profit booking, and the price has lost its value by 40% from the most recent swing high.
If the crypto’s price further manages to break above the last swing high with good support of volume, a further surge in the crypto price might be witnessed.
JASMY/USD Chart by TradingView.com
The JASMY token price has declined below the 20-day EMA and is currently taking support at the 50-day EMA. Moreover, the 50-day and the 200-day EMAs are trading in a golden cross, indicating a solid uptrend in crypto.
The MACD and the signal line are trading in a bearish crossover while both trade above the zero level. The histograms are further bearish on the chart, indicating a retracement of the crypto price.
The RSI for the crypto is declining from the overbought zones and has slipped to the level of 44.4, indicating weakness in the momentum of the trading price.
Summary
Despite 14 consecutive green days and a recent surge of 200%, JASMY crypto faces uncertainty. While over 99% of its supply is in circulation, its market cap declined by 11.4% in 24 hours. Although technical indicators suggest a potential uptrend, declining social activity and high volatility cast doubt on sustained momentum.
Technical Levels:
- Support levels: $0.0029 and $0.0083
- Resistance levels: $0.0280 and $0.040
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.