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Cryptocurrency News Articles

Jito (JTO) and JasmyCoin (JASMY) Emerge as Two Picks for Substantial Growth

Mar 15, 2025 at 04:02 am

The cryptocurrency market remains on edge as Bitcoin (BTC) struggles within a tight range of $76,000 to $84,472, weighed down by trade tensions and economic uncertainty.

Jito (JTO) and JasmyCoin (JASMY) Emerge as Two Picks for Substantial Growth

The cryptocurrency market remains on edge as Bitcoin (BTC) struggles within a tight range of $76,000 to $84,472, amid ongoing trade tensions and economic uncertainty. While Trump’s trade war narrative has gained momentum, inflation concerns took center stage, initially sparking fears after the release of U.S. Nonfarm Payrolls (NFP) data last week. However, market sentiment shifted after cooling Consumer Price Index (CPI) and Producer Price Index (PPI) data suggested that inflationary pressures may be easing.

This shift in market sentiment comes as the global cryptocurrency market cap surged to $2.86 trillion, not less than 3.7% in the last 24 hours.

Within this volatile landscape, two picks are edging closer to the $1 billion market cap milestone, a target that could be within reach if broader market conditions remain favorable.

Jito (JTO) is currently trading at $2.25, with a market cap of $687.5 million. For JTO to reach the $1 billion market cap milestone, its price would need to rise by approximately 45.5%, considering the circulating supply remains at 300 million, rendering a target price of around $3.27.

One of the most significant projects on Solana (SOL), Jito is also the largest liquid staking project, boasting a total value locked (TVL) of $2.23 billion, according to DeFiLlama. Meanwhile, data from TokenTerminal reveals that Jito has generated over $420 million in revenue, highlighting growing network activity.

Analysts are bullish on JTO’s price action, identifying a support zone between $2.20 and $2.30, which could serve as an accumulation area for a potential rebound. On the upside, they see key resistance levels at $5 and $7.50, which may act as breakout points for a bullish continuation.

JTO has seen a surge in investor interest, mainly due to its recent listing on the South Korean exchange Upbit, further boosting its adoption and trading volume.

On the other hand, JasmyCoin is currently trading at $0.01380, and its market capitalization is estimated to be around $682 million. Often referred to as ‘Japan’s Bitcoin,’ JASMY has taken a significant step toward multi-chain operability by adopting the Cross-Chain Token (CCT) standard.

This move enables its $600 million+ JASMY token to be natively transferable across Ethereum (ETH) and Base via Chainlink’s Cross-Chain Interoperability Protocol (CCIP), facilitating broader adoption within decentralized finance (DeFi) ecosystems.

Derivatives data reveals that bullish sentiment is increasing, supported by rising open interest and a strong long/short ratio, with Binance at 1.9206, OKX at 1.8121, and top traders maintaining a 1.3581 ratio in favor of longs. Short liquidations are dominating at $23.27K, compared to $5.04K in long liquidations, suggesting that bears are getting squeezed, fueling further momentum.

However, trading volume has declined by 7.43% to $32.33 million, indicating that while bullish sentiment is growing, sustained buying pressure will be needed for a breakout.

Currently trading at $0.01284 with a market cap of $625 million, JasmyCoin would need to rise by approximately 60% to reach a $1 billion market cap, considering the circulating supply remains at 5 billion, rendering a target price of around $0.0205.

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