Here’s Why JasmyCoin (JASMY) Price Has Been Pumping

JASMY has been on a solid run lately. Over the past week, it's climbed as much as 63.36%, and just today alone, it's up another 15.27%.

Here’s Why JasmyCoin (JASMY) Price Has Been Pumping

JasmyCoin (JASMY) has been heating up. The token is up a whopping 63.36% over the past week, and it’s had an impressive run-up of 15.27% in the past day. Trading volume has also surged by 71%, certainly catching the attention of traders across the market. At the time of writing, the cryptocurrency is trading at $0.01621.

To break down the recent rally in detail, prominent analyst Crypto Millie has shared his insights with his 21.5K YouTube subscribers. In a new video, he dove into the technical analysis, market trends, and broader narrative that could be driving the surge in JasmyCoin price.

From technical indicators and chart patterns to Jasmy’s connection with artificial intelligence (AI) and big data, and macroeconomic trends that might be affecting broader crypto sentiment, here’s a summary of what the analyst had to say.

Setting the Stage: A Long-Term Perspective

Millie began by emphasizing the importance of patience, especially when aiming to identify strong entry points. He prefers to analyze the weekly chart to gain a broader view of the token’s price movements.

The analyst focused on the Stock RSI and his go-to indicator, the Ultimate RSI from Lux Algo. According to Millie, the last time JasmyCoin saw an Ultimate RSI cross, the token went on a remarkable run, with the price increasing nearly 12x. He believes that a similar setup with diverging Ultimate RSI lines and a cross could occur again, setting the stage for another leg up.

However, his approach isn’t focused on short-term scalps or quickly chasing small price drops. Instead, he watches for RSI levels to move above 20 and waits for clear confirmation before making an entry.

According to Millie, Ethereum (ETH) also plays a crucial role in the broader cryptocurrency market trends and how they might affect altcoins like JASMY. He calls ETH “the final boss” that needs to break out first for altcoins to follow suit.

Ethereum Correlation and Broader Market Trends

The analyst highlighted the correlation between Ethereum’s price behavior and subsequent movements in JasmyCoin. According to Millie, if ETH experiences a good rally, then we might see a 50–100% increase in the price of JasmyCoin from that point.

He believes that a strong weekly RSI confirmation on Ethereum is needed before altcoins like JASMY can sustain major gains and prevent rapid reversals.

Moreover, macroeconomic trends might be affecting overall sentiment in risk-on assets, which could include altcoins like ATOM. Millie referenced the current global money supply expansion (M2), a temporary tariff pause, and some signs of monetary easing.

These factors may be setting up a bullish scenario for risk-on assets, which could be driven further by an anticipated slowdown in interest rate hikes.

A Deeper Look at JasmyCoin

Estimating the size of the big data market at $519 billion by 2033, and given that it’s still in the early stages of development, forms the basis of Millie’s investment thesis.

According to the analyst, Jasmy is positioning itself as a data-focused utility token with ties to the Internet of Things (IoT) and privacy, making it relevant to that sector. Led by former Sony executives, the project aims to provide data sovereignty through its Personal Data Lockers and Secure Knowledge Communicators.

Out of the $519 billion big data market, Millie believes that even if JasmyCoin manages to capture $50 billion, the token could easily reach $1.

He also noted the increasing demand for large datasets from AI and machine learning systems, further highlighting the utility angle of the project.

JasmyCoin Sentiment, Risks, and Community Strength

While the recent surge in JASMY price has generated optimism among the token’s community, Crypto Millie also acknowledged several risks. These include extreme price volatility, strong competition from similar projects like IOTA and IoTeX, and the listing of JASMY in Binance’s Innovation Zone, which is typically used for newer tokens.

According to the analyst, a previous decline in JasmyCoin price was likely linked to a token unlock event, which could have implications for future price trends.

Despite this, Millie highlighted the strong community engagement around JASMY, comparing it to the presence of meme coins online, even though it’s a utility-driven project. He believes that this type of sentiment usually leads to what he calls “hate rallies,” where a project that is widely doubted by many tends to bounce back sharply.

His final message was to stay positive, and he urged bears not to be surprised by the success of projects that they didn’t believe in.