Jasmy coin is trending upwards in today’s trading session, gaining 11 per cent since the market opened. The crypto is also looking highly likely to continue with the strong bullish. Jasmy Coin’s resurgence comes after weeks of strong bearish moves that saw the cryptocurrency lose 76 per cent of its value in the months of April and May.
Jasmy Coin’s resurgence looks unsurprising due to its underlying technology. The platform aims to redefine how user data is handled online. Today, one of the biggest problems that internet users face is the lack of protection of their personal data. They also don’t have control over how the data is used by the websites they sign up for. Therefore, in an age where the world’s most valuable resource is data, the current status quo robs users of their ability to benefit from their data.
The Jasmy platform solution is to provide internet of Things (IoT) devices. Using this platform, users will be able to manage their own data and devices and keep track of their current status. The control of user data will also be transferred back to the users. The underlying technology is revolutionary and is likely to see Jasmy coin price continue to surge after the latest cryptocurrency market crash.
Jasmy Coin Price Prediction
Jasmy has been in a strong bearish move since the year started, losing more than 80 per cent of its value year-to-date. However, the past few days have started to show signs of recovery, with today’s trading session showing a price surge of 11 per cent. Since May 12, the prices have surged by 75 per cent.
The latest recovery may be the beginning of a new bullish trend that is likely to see Jasmy trading above the $0.016 resistance level. The current trend also looks to be having a strong enough momentum that is likely to push the prices of Jasmy Coin past the $0.02 psychological level.
However, my analysis will be invalidated if today’s trading session prices drop below the $0.0125 price level. It will also mean a likely bearish move resumption.