Jasmy Price Analysis

The Jasmy price has moved into a bear market after crashing from last year’s high of $0.0595 to $0.012, its lowest level since February last year.

The Jasmy Coin (JASMY) token has crashed due to the ongoing poor performance of the cryptocurrency market, with Bitcoin and most altcoins also experiencing significant drops.

However, the coin may rebound in the coming weeks. On-chain data reveals an increase in active addresses, which rose to 897 on March 23—the highest number since March 10. This rise is generally seen as a positive signal for a cryptocurrency.

On-Chain Indicators

Active addresses have coincided with an increase in the 365-day Mean Dollar Invested Age (MDIA), which has risen to 146 from a low of 138 this month. A climbing MDIA is often a bullish indicator for a coin’s future performance.

Jasmy is also viewed as a highly undervalued coin. An important metric, the market value to realized value (MVRV) indicator, shows that Jasmy’s MVRV-Z score has plummeted to minus 1.8 from a previous high of 5.2, indicating undervaluation since it’s now at its lowest since April last year. The total balances of JASMY on exchanges have decreased this year, falling to 8.47 billion tokens from the November high of 10.4 billion.

Technical Analysis

The daily chart indicates that JASMY price has decreased significantly, dropping from $0.059 in November to $0.01. Recently, it also fell below a key support level of $0.0160—the lowest point recorded in March, May, August, and November of last year. Currently, Jasmy trades below the 50-day and 100-day moving averages, suggesting that bears are in control.

On a positive note, Jasmy has formed a falling wedge pattern, indicating a potential rebound. In most cases, rebounds occur when the two converging trendlines of a wedge meet. A rise above the key resistance at $0.016 could confirm more upward movement, potentially reaching $0.025, which is the highest swing point recorded on September 28 of last year.

Jasmy Overview

JasmyCoin, often referred to as “Japan’s Bitcoin,” was founded in 2016 by former Sony executives Kazumasa Sato and Kunitake Ando. The project’s goal is to empower users to manage and monetize their personal data securely, rather than giving it to corporations for free.

The project’s native token, JASMY, supports data transactions and incentivizes users for sharing their information, powering payments within the ecosystem. With Japan’s strict data protection laws and a growing interest in Web3, Jasmy aims to lead in the field of data democratization.

Recently, JasmyCoin has shifted its focus towards becoming a key player in the artificial intelligence sector. Jasmy’s CFO, Hiroshi Harada, emphasized the network’s adoption of decentralized GPUs to support next-generation AI agents. The Janction platform, developed within the Jasmy community, is integrating GPUs into its decentralized public infrastructure framework.

> # JANCTION
> We will leverage #GPUs to deploy a platform to enhance the next generation of #AI agents. Link
> — HARA (@HARA_JasmyCFO) January 18, 2025

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