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Cryptocurrency News Articles
Monero (XMR), Aptos (APT), and JasmyCoin (JASMY): Which Cryptocurrency Will Explode in the Bull Market?
Oct 23, 2024 at 04:44 pm
In this article, we look at the most relevant news in the crypto sector involving the projects Monero (XMR), Aptos (APT), and JasmyCoin (JASMY).
The article highlights recent developments and price performance of three cryptocurrencies: Monero (XMR), Aptos (APT), and JasmyCoin (JASMY). While XMR and JASMY may not present compelling graphical opportunities, APT appears promising.
Monero recently saw the launch of Monero.Garden, a comprehensive wiki-style website that aims to educate users on various aspects of the Monero network, including wallet setup, mining, and asset trading. The initiative covers both basic and advanced topics, ranging from socio-economic theories to technical complexities within the crypto domain.
Moving on to Aptos, the non-EVM L1 blockchain recently celebrated the second anniversary of its launch, and during this brief period, it has achieved notable milestones in terms of both on-chain metrics and ecosystem expansion.
To date, Aptos has facilitated a total of 1.7 billion transactions, including an impressive single-day record of 326 million tx, showcasing the network's efficiency in handling vast volumes of transactions.
In parallel, the community has also played a pivotal role, attracting around 250 projects to the chain and facilitating diverse web3 integration possibilities.
Finally, regarding JasmyCoin, a cryptocurrency project provider of IoT technologies based in Tokyo, there do not seem to be any particular news to report.
As far as we know, Jasmy is refining AI functionalities for PDL PCs and blockchain. The ultimate goal of the project is to consolidate its structure capable of providing the layer-2 Janction with all the necessary data to face the growing challenges in the AI field. Janction will rely on these innovations to optimize the training of artificial intelligence through the Jasmy ecosystem.
Now, let's shift our attention to the prices and see how the crypto of Monero (XMR) and JasmyCoin (Jamsy) are behaving.
XMR, given the difficulties on the compliance side with the regulation, has been heavily penalized in the recent period. The prices have remained at the levels of the bear market of 2022, stuck within the range of 120 to 180 dollars.
After the last bear market, prices did not fall to new lows, but they also did not move upwards.
Indicatively, we could start to be bullish on Monero if the crypto XMR were to surpass the resistance of the range and aim for 200 dollars.
In that case, if the structure were confirmed by a retest, we could confidently state that we are in the midst of a multi-year bull pattern.
Attention also to any fakes and possible falls below the EMA 50 weekly at 150 dollars.
At this moment XMR capitalizes 2.9 billion dollars, with its ATH set at 517 dollars.
On the JASMY front, the discussion is a bit more interesting but at the same time also more complex. The cryptocurrency is in a strong bull trend since the beginning of the year, with prices that have increased by 488%, reflecting the revaluation of the project.
The moneta had miserably crashed in the middle of 2021, going against the trend of the rest of the crypto market. From the top of 4.8 dollars JASMY is losing 99.6%, even considering the latest particularly positive bull.
Now the prices are at 0.018 dollars, straddling between a possible restart towards new local highs and a dip below the EMA 50 weekly.
The currency has a market capitalization of 861 million dollars, which coincides with the FDV.
Judging by the trading volumes and the market outlook, it is likely that this crypto will have a short life and will return to drawdown in the coming months.
We expect a return of JASMY below the 0.001 dollar mark, unless the project is renewed.
In view of the upcoming bull market, since Monero (XMR) and JasmyCoin (JASMY) do not seem graphically inviting, we can focus on the crypto of Aptos (APT)
Unlike the first two coins analyzed, that of Aptos seems to have a lot of potential on the horizon and could perform very well in the coming months.
What stands out most in the project is the trend of the TVL of the blockchain, which is now at new all-time highs of 884 million dollars.
Many incentives are about to arrive on the chain (such as the launch of USDT) attracting liquidity from outside and leading to an increase in on-chain metrics.
Furthermore, Aptos might also announce a second airdrop after the one in 2022, still having tokens available to distribute to the community.
With such a scenario, APT has everything it needs to attempt a new leg up above 20 dollars.
From listing in October 2022, the crypto first collapsed to 3
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