JasmyCoin (JASMY) Price Surges Nearly 20%

JasmyCoin (JASMY), the Japan-based cryptocurrency tied to Internet of Things (IoT) and blockchain data management, has surged nearly 20% in the past 24 hours

The price of JasmyCoin (JASMY), the Japan-based cryptocurrency focused on Internet of Things (IoT) and blockchain data management, has surged nearly 20% in the past 24 hours.

The coin reached an intraday peak of approximately $0.0165 as of early Saturday morning, according to the latest data from CoinMarketCap.

This dramatic rise has seen trading volume spike alongside the price increase, signaling heightened activity among traders and crypto enthusiasts.

The rally coincides with broader market optimism following US President Donald Trump’s 90-day tariff pause announced earlier this week, yet specific catalysts for JasmyCoin’s gains are still being discussed.

Experts on X, formerly Twitter, are highlighting a build-up in bullish sentiment, with traders noting a breakout from recent patterns and diminishing supply.

An ERC-20 token with a maximum supply of 50 billion coins, JasmyCoin ranks 124th by market capitalization, as per Godex.io. It’s designed to facilitate the secure sharing of data through IoT devices, a vision supported by listings on major exchanges like Binance and Coinbase.

The coin’s current price marks a significant recovery from a 12-month low of around $0.012, as reported by ChainGPTAINews on April 10, 2025.

Analysts suggest this uptick may be a sign of investors seeking out niche altcoins again amid a stabilizing crypto market, but the lack of official company statements leaves room for speculation.

Technical breakout and market context fuel optimism

The recent price surge aligns with technical developments noted by traders. Experts on X indicate that JasmyCoin has broken a "descending triangle" pattern on a 3-day chart. This breakout is viewed as a bullish signal, suggesting potential for further gains.

Technical analysis of the chart reveals a pattern of lower highs and lows, with the upper trendline at around $0.015 serving as key resistance and the lower trendline, roughly at $0.012, acting as support.

A move above the $0.016 could have the next price target at $0.058, as pointed out by @decilizer on April 11, 2025, though this depends on sustained momentum. The current strong support is around $0.013, a level recently tested, and provides a foundation for the rally to continue.

This price action is unfolding within a broader market context that may be contributing to the gains. Trump’s announcement of a 90-day pause on new tariffs from China earlier this week has been credited with boosting risk assets, which could be benefiting cryptocurrencies.

This is further supported by the record high in gold, which reached $3,194.20 on April 11, 2025, as it typically gains during times of economic uncertainty, a spillover of which could be seen in some altcoins like JasmyCoin.

However, the crypto market itself is still subject to volatility, as evidenced by Bitcoin’s 4% drop to $79,158.62 on April 9, 2025, according to Benzinga.

Despite this broader volatility, JasmyCoin’s gains are outpacing the broader trends, hinting at project-specific drivers. This could be linked to renewed interest in JasmyCoin’s narrative of managing data for the IoT sector in Japan, especially with the country’s technological advancements.

Price predictions and future outlook

Looking ahead, analysts from various platforms offer diverse forecasts for JasmyCoin’s price in the coming years.

According to data from Godex.io, which ranks cryptocurrencies by market capitalization and provides data on tokens, JasmyCoin is currently trading at $0.0146. The platform predicts that the price of JasmyCoin could reach $0.11-$0.13 by 2030, with a minimum anticipation of $0.12.

This prediction is based on the anticipation of long-term growth in the adoption of IoT technology, a core focus of JasmyCoin, and its role in data management in the rapidly digitizing world.

Experts also suggest a potential short-term price target of $0.058 if the breakout from the descending triangle pattern holds on the 3-day chart. However, they note that there could be resistance at higher levels, which might limit further significant gains.

Some traders on X are touting JasmyCoin as a top pick for the 2025 bull run in the crypto market.

However, it’s crucial to approach such bold statements with a balance of enthusiasm and skepticism. While the potential for a "hot" altcoin to realize triple-digit gains is a core part of the crypto market narrative, the idea that one can enter a