Jasmy Price Started 2023 With a Bang: What Next?

Jasmy price started the year well as demand for the coin rose. It has risen for four straight days and is at the highest level since December 16. The coin has jumped by more than 32% from the lowest level this year.

What is Jasmy and why is it rising?

Jasmy is a relatively small blockchain project in that operates in the Internet of Things (IoT) industry. It provides solutions to companies and individuals that deal with data privacy. The network uses the personal data locker that is a contact addressing solution that allows secure storage of files within the peer-to-peer network.

In Jasmy, data files are usually stored within a decentralized network while only hash values are managed on the blockchain. According to the whitepaper, the network combines its decentralized storage solutions in connection with user owned IDs. Users can manage their own data. Similarly, with personal data lockers, call centers don’t need to keep many records. 

In addition to personal data locker, Jasmy also has a secure knowledge communicator (SKC), Smart Guardian, Jasmy Soluion x Data Management, and Jasmy Secure PC among others. All these are used in data storage and security.

Jasmy has also introduced some smart contract features that make it possible for people to develop applications. One of the most recent use cases was the launch of a fan token offering (FTO) for one of the most popular clubs in Japan. A fan token is a cryptocurrency that teams use to boost their fan engagement.

Jasmy price has risen as investors buy the coin’s dip. Other most recent news was its participation in the Natural Capital Credit Consortium, which will use Jasmy to manage carbon credits. Jasmy was also launched on StealthEX, Bitget, and BitMart.

Jasmy price prediction

The four-hour chart shows that JASMY has been in a strong bullish trend in the past few days. In this period, it has moved above the important resistance point at $0.0032, which was the highest level on December 17th. The 25-day and 50-day moving averages have made a bullish crossover. The Relative Strength Index (RSI) has moved above the overbought level.

Therefore, the coin will likely continue soaring as buyers target the next key resistance point at $0.0045. A drop below the support at $0.0032 will invalidate the bullish view.