CandleFocus Jasmy price prediction: 2 reasons why ‘Japan’s Bitcoin’ surged
2024-12-06
Author: Content Editor
JasmyCoin, often referred to as Japan's Bitcoin, experienced a significant surge in price this week as investors sought out alternatives to Bitcoin after it surpassed the $100,000 mark. The cryptocurrency reached a high of $0.0590, its highest level since January 2022, and has increased by over 963% from its lowest point this year. The rally of JasmyCoin can be attributed to the strong performance of Bitcoin, which reached an all-time high of nearly $104,000. The increasing number of JasmyCoin holders and a partnership with IoTeX, a leading IoT network in crypto, have further contributed to its surge. The altcoin season index suggests that most coins are performing better than Bitcoin, and the crypto fear and greed index indicates extreme greed in the market. Technical analysis indicates that JasmyCoin is in a strong bullish trend and has the potential for further upside.
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