JasmyCoin Price, Launch Date, Price Prediction, History & News: Can JASMY Coin Reach $10?

Guess who's been turning heads lately in crypto space?

It's a JASMY coin that shot up almost 200% in seven days!

But why is the Jasmy coin going up?

Will this rally continue?

Or is a big correction on its way?

Let's figure out in this comprehensive blog that revolves around JASMY coin Price, Jasmy coin launch date and JASMY price prediction. By the end, it will also tell if JASMY can reach $10.

Before that, let’s understand this new cryptocurrency.

What is JasmyCoin (JASMY)?

JASMY coin is the customer token of a Tokyo-based Internet-of-Things (IoT) provider, Jasmy Corporation. It aims to provide an infrastructure to its users where they can manage their data safely and securely. JASMY operates on the ERC-20 standard and originates from Japan, where its founders and numerous investors are based. Hence, it is often referred to as Japan's Bitcoin.

It integrates IoT technology with blockchain technology to create an environment where users can exchange data between their devices in a trustless manner. It does so through its tokenized platform, Jasmy, which securely stores the fresh data generated by its users' IoT devices. Any merchant who wishes to access this data must pay in JASMY coins to access it.

JASMY coin can also be used as the platform currency by its holders to pay for services data and to transfer value. Even the enterprises using personal or other information on Jasmy platforms must pay JASMY coins. Individuals who earn JASMY coins by disclosing their data to enterprises can use their holdings to exchange them for equivalent goods or services on the platform.

JASMY coin has a total supply of 50 billion JASMY. The allocation of this supply is as follows:

• Business companies hold nearly 30% of JASMY coin's total supply, which accounts for 15000 million. These businesses use this amount to reward individual users for allowing third parties to use their IoT data for meaningful purposes.

• 18% of the JasmyCoin supply (9100M) is reserved for its developers under the Developer program.

• The following 14% of JasmyCoin's supply (7000M) is for listing expenditures, including business operating funds, legal consulting fees, commission fees for exchange business, and the transformation of its blockchain system.

• Business funding for the Jasmy project makes up 20% of its supply. The funds in this allocation are used for paying commissions and service charges to the relevant business financiers.

• The following 13% of the JASMY coin supply (6377M) goes for Air Drops. This allocation takes care of the JASMy coin liquidity, distribution and promotion.

• The remaining 5% (2400M) of JASMY coins are incentives for corporate business creation, platform development, financial activity and other business contributions.

JasmyCoin (JASMY) Launch Date

As a platform, Jasmy was launched in April 2016. However, the JASMY coin launch date is October 1, 2021. JASMY was launched first on the Japanese Exchange BITPoint with a maximum supply of 50 billion JASMY. As per the latest Jasmy coin news, 98.60% of this supply is in circulation. By January 31 2025, the rest of the JASMY coin supply will likely come into circulation.

How Does JasmyCoin (JASMY) Work?

The key component of the Jasmy ecosystem is the Personal Data Locker (PDL), which provides its users the facility to keep their data to themselves and decide what to do with it. These data lockers work like "digital lockers" in a distributed P2P storage system and can store users' important personal or IoT device data.

Additionally, the data is also immutable and unstealable. It allows the user to decide with whom to share the data and to what extent. Along with storing their users' data, these lockers work as content-addressing solutions. The blockchain in this network is the medium of storage for the data hash values of these content addresses.

Another important component of the Jasmy ecosystem is the Secure Knowledge Communicator (SKC). It is the native core service of the Jasmy platform that introduces data democratization by giving users the power to control, manage and track their personal data by themselves. While helping the users manage their data, SKC also helps companies and organizations by allowing them to access and use the data when necessary instead of keeping in-house records. Since the SKC application follows P2P protocols, it establishes a secure way to use the data safely.

Jasmy uses its unique technology, Smart Guardian (SG), to link the ID information of the PDL owner with their device ID information.

Apart from all these innovations, the Jasmy ecosystem also employs a healthy reward system where the companies that use the data provided by individuals pay each data provider a fair reward. The companies on Jasmy need to show how they will use the personal data of the individuals providing it to get permission. In return, these companies also grant rewards for the data. It encourages consciousness about their data among data producers and motivates them to share it with companies increasingly.

Moreover, companies will also become more conscious of this ecosystem while utilizing data ethics.

JasmyCoin (JASMY) Price History

Jasmy's price at its launch on February 10, 2024, was around $0.0174 (varies slightly across exchanges). Instantly after the launch, the JASMY price skyrocketed, surging 28,700% within a week. On February 16, 2021, JASMY hit its all-time high of $4.99, astonishing its investors and the entire crypto space. But soon, its downfall began, cursing a non-stop crash in JASMY price in the following weeks. By July 2021, JASMY was trading at $0.009, losing more than it had gained.

The October of 2021 was significant in the Jasmy price history due to the significant support provided by the JASMY whales. Two influential JasmyCoin stakeholders gathered 1.223 billion JASMY tokens since October 2021, giving substantial damage control to the fallen JASMY price. Moreover, the crypto also got listed on some significant centralized exchanges, further boosting its price.

Consequently, JASMY recovered by gaining a trading price of $0.21 by mid-October 2021. However, it could not sustain these gains and experienced a fall in the remaining months of 2021. By the end of 2021, JASMY price was trading at $0.07.

2022 proved even worse for JASMY due to multiple crypto collapses, one after another. By May 2022, the JASMY price went as low as $0.009. The rest of the months proved volatile, not just for it but for the entire market. JASMY closed 2022 at the price of $0.003.

JASMY coin started 2023 with a strong performance, recovering to $0.008285 in February before going through significant corrections in March and April. Many experts suggest the partnership of Bitget (a major exchange) with Jasmy was the key reason behind the good surge in JASMy's price during February. In May 2023, Jasmy released its roadmap, outlining its plan for the year that focuses on data democracy. However, the project could not bring the needed excitement among JASMY investors. In the last quarter of the year, Jasmy partnered with some industry players. However, they could not revive its bullish side. The coin ended the year at $0.006, double its starting price for the same year.

Though JASMY gave bearish hints in January 2024, the narrative reversed at the beginning of February as the JASMY price has been rising at a stellar pace. But what made this complete flip in this coin's destiny?

Let's find out.

Why is JASMY Price Rising?

Here are the reasons causing the JASMY price hike:

Japan's Regulatory Environment

A key reason behind the JASMY price increase is the favourable change in Japan's crypto investment environment. The Japanese authorities have officially given the green light to crypto-project venture capital investments. Since Jasmy is one of Japan's most popular and biggest crypto projects, the regulatory reform directly benefited it. A good example is the direct tie between JasmyCoin and DWF Labs, a well-known organization that manipulates crypto values.

Market Sentiments

The ongoing bullish market sentiments driven by the crypto market king and queen, Bitcoin and Ethereum, are also undeniable reasons behind the rise in the JASMY price. The popular Fear Greed Index of the crypto market has jumped to 75 of the greed zone. Moreover, Bitcoin has hit $52,800, and Ethereum has regained $3000 after nearly three years. Thus, the prevailing wider bullish market sentiments support the current JasmyCoin price surge.

Bullish Forecasts

Another reason for the increasing JASMY price is the bullish forecasts from influential crypto analysts on the X platform. For example, a famous crypto analyst, "The Wolf of Memes Street", recently projected a bullish target of $0.30 for JASMY, contributing to investors' optimistic view.

Clinix Crypto, a YouTube channel, also recently declared the Japanese government's decision to allow VC investments in crypto projects as a key catalyst for the JASMY price surge in the upcoming time.

Recent Partnership

The partnership of Jasmy with DWF Labs, a prominent player known for driving crypto prices upward, is also a factor responsible for the current increase in JASMY price. DWF has a history of bringing spikes and dumps in multiple crypto projects, from which many JasmyCoin investors plan to book profits.

Due to these factors, the JasmyCoin price has surged 209% monthly.

But what can happen next?

Let's also know that in the below JasmyCoin Price prediction for 2024.

JasmyCoin (JASMY) Price Prediction 2024 (USD & INR)

Investors can expect an extra volatile 2024 for the JASMY coin. The reason behind this observation is the ongoing meteoric surges in JASMY prices. From having a bullish January 2024 that brought down JASMY's price from $0.0065 to $0.0050, JASMY has shocked the entire crypto market by flipping its entire trajectory in February 2024. It began the month at $0.0048 and soon started its upward rally right after. Within three weeks, its price lost one zero from its valuation by reaching $0.016 on February 22 2024. That's a magnificent recovery of nearly 200% in a timeframe of less than a month.

Many crypto analysts predict that a significant upward movement in JASMY price is still pending. One of these analysts, The Wolf of the Meme Street, has projected a price level of $0.30 for it soon in 2024. For that to be true, JASMY has to rise 1775% from its $0.016 level. However, many factors also indicate that a correction might come in JASMY price, given its tie-up with DWF Labs, an entity known for pump and dump manipulations. In both cases, high volatility is undeniable when considering JASMY price prediction for 2024.

Another essential aspect that can contribute to JASMY's price prediction is the upcoming Bitcoin halving in April 2024. For years, Halving has been the harbinger of the strongest bullish waves in the crypto space that cause nearly all the cryptocurrencies to surf into new highs. If that repeats this time, JASMY can avoid its price corrections in the next months and continue to surge.

Considering all these factors, our JASMY price prediction for 2024 in USD is: $0.55 (in the bullish case) and $0.009 (in the bearish case), with a $0.087 average value.

This same JASMY price prediction for 2024 in INR is: INR 45.5 (maximum), INR 0.75 (minimum) and INR 7.21 (average).

JasmyCoin (JASMY) Price Prediction 2025 (USD & INR)

Based on an analysis of its past performance, the JASMY price prediction for 2025 seems bullish like Dogecoin price prediction . At its launch in February 2021, the crypto market was experiencing one of the most vital bull runs after the third Bitcoin halving. As per crypto experts, Bitcoin halvings have always been bringing strong bull runs in the next one-year period. Since the next Halving for Bitcoin will occur in April 2024, the upcoming year (2025) will probably bring bullish spikes among cryptocurrencies. If things go well in Jasmy's project, it can benefit from the halving-driven bull run throughout 2025.

However, this observation comes with huge uncertainty due to the highly volatile nature of the crypto market. Thus, our JASMY price prediction for 2025 in USD is - $2.56 (maximum), $0.098 (minimum) and $0.154 (average).

This JASMY price prediction for 2025 in INR will be - INR 212 (maximum), INR 8.12 (minimum) and INR 12.77.

JasmyCoin (JASMY) Price Prediction 2030 (USD & INR)

As per the market scenario, ongoing discussion on crypto regulation, past performance of JasmyCoin, and other scheduled events, the JASMY price prediction for 2030 looks quite promising. However, the possibility of any black swan event that can reverse the price trajectory of JASMY remains.

Thus, considering all these factors, our JASMY price prediction for 2030 in USD is - $5.08 (maximum), $2.54 (minimum), and $3.22 (average).

This JASMY price prediction for 2030 in INR is - INR 421 (maximum), INR 210 (minimum) and INR 266 (average).

Here is a cumulative table of JASMY price predictions for 2024, 2025 and 2030:

Read similar Vechain Price prediction.

Will JASMY Reach $10?

At its launch in February 2021, JASMY hit an ATH of $4.99. However, since then, it has yet to regain this level. It is trading at 99.61%, down from its ATH, indicating huge uncertainty for its future. Even though JASMY has made significant gains of 200% in the last month, it still has a long way to go before it regains its value above $1. Though the coin has shown the ability to grow exponentially in a limited time, it still has to surge 99,900% from its current levels. This surge seems highly unlikely to be achieved by JASMY without mainstream adoption. Thus, looking at this scenario, the $10 mark seems unlikely for JASMY to achieve anytime soon.

FAQs

What is the JASMY coin price in INR?

JASMY coin price in INR at the time of writing is INR 1.24. At this price, JASMY is nearly 99.6% down from its ATH of $4.99 or INR 413.

What is the Jasmy coin used for?

Jasmy Coin (JASMY) fuels the Jasmy platform, aiming to give you control over your data. Think of it like a "data locker" for personal info. You can securely keep your data from connected devices (IoT) and choose to share it with companies to earn JASMY tokens. It promotes "data democracy" by letting you decide what happens to your data.

Is Jasmy coin safe?

Yes, Jasmy coin is a safe cryptocurrency that contributes to setting up a democratic data-sharing ecosystem. It acts as the platform currency and incentive for those willing to share their IoT device data and personal data with different entities. However, it is highly volatile as a cryptocurrency.

Who is the founder of JasmyCoin?

JasmyCoin was founded by a team of experienced professionals. Still, four key figures stand out: Kunitake Ando (Former President and COO of Sony Corporation), Kazumasa Sato (Former CEO of Sony Style.com Japan Inc.), Masanobu Yoshida ( Former CTO of Jasmy), and Hiroshi Harada (CFO of Jasmy).

What will JASMY be worth in 2025?

As per our JASMY price prediction for 2025, the coin can be worth $2.56 in the best bullish scenario and $0.098 in the worst-case scenario. We concluded these JASMY prices according to the past performance and ongoing developments in this crypto project.

How much will the Jasmy coin be worth in 2030?

According to the current market scenario, past performance of JASMY, other pre-scheduled market events and other macroeconomic factors, our JASMY coin price prediction 2030 is $5.08 (maximum price) and $2.54 (minimum price).

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