Post-Bitcoin’s launch in 2009, many new cryptocurrencies have entered the market almost daily. Today, there are over 20,000 different crypto projects, all designed to serve specific purposes. But some of these cryptos come with unique characteristics that set them apart from the crowd.
Jasmy crypto is also one of those unique crypto projects since it is Japan’s first Blockchain project. The currency has been gaining unmatched attention in recent times for many reasons. But does that mean investing in Jasmy crypto is a good idea? Let’s dive in and get a better understanding of the matter.
Jasmy Coin: Overview Of The Project
Jasmy Coin is a relatively new token that came into the market in 2021, making it the first Blockchain project from Japan. The crypto project is the brainchild of an excellent team of developers that includes Kazumasa Sato, Kunitake Ando, Hiroshi Harada, and Masanobu Yoshida.
The Blockchain network was designed to restore and secure the personal data of different individuals. The project leverages the potential of the Internet of Things and combines it with Blockchain technology. This allows users to govern their data with unmatched security.
The Blockchain ensures that people control their data and defines how others use it. Jasmy does this with the help of the InterPlanetary File System (IPFS) that combines Security Knowledge Communicator (SKC) and Smart Defender.
The crypto project also has a native token called JASMY based on the Ethereum Blockchain network. This makes the Jasmy Coin the first crypto legal complaint in Japan. This is a significant development, given Japan has earned a reputation for regulating its cryptocurrencies extensively.
Every company that uses the personal data of individuals needs to pay for it using the JASMY token. This allows people to earn from their data while the company uses this information for specific purposes. This is ideal given the increasing demand for data in today’s modern digitized business environment.
Fundamental Value Of Jasmy Coin
As mentioned earlier, JASMY is the native currency of the Jasmy crypto project operating on the ERC-20 Blockchain network. The currency functions as a medium of transactions within the network. Even though most people call it the Jasmy Coin, in technicality, it is more of a crypto token than a coin. Nonetheless, it is better to avoid confusion in the front and deal with the work best for everyone, meaning let’s stick with Jasmy Coin for now.
There are a number of different purposes people can use the Jasmy Coin. According to the whitepaper of the crypto project, some of these uses include:
- Companies can use the JASMY coin to pay fees for Blockchain services.
- Compensating individuals for disclosing their data to different companies.
- Compensate companies or corporations for allowing one to use their data.
- Exchanging JASMY coins for services or goods with the same worth.
JASMY Coin: Price History
There have been many relevant Jasmy coin news in recent times, given all the developments in its price history in this short duration of time. The token started its journey with a valuation of $1.29 in February 2021 and even reached its all-time high value of $4.99 on the 16th of February 2021.
But this bullish run did not last long, and the token soon lost its momentum, falling back to $1.77. This bearish run continued for quite some time until the token plunged further below, reaching a new low of $0.011 by July 2021. But prices spiked again by November 2021, allowing the token to reach a valuation of $0.27. This was also because international crypto exchanges such as Coinbase listed the Jasmy Coin for the first time.
Nonetheless, the token could have performed better at the start of 2022, given the deteriorating state of the crypto market. Its value has remained at the $0.09 mark since the start of 2022 without any significant development whatsoever.
By June 2022, JASMY reached a new low of $0.008124, with crypto prices falling worldwide. But this was followed by some recovery as the token reached a valuation of $0.01219 by August 2022. But this did not last long, as the token lost its valuation again post this spike.
As of December 2022, the JASMY token has a valuation of $0.003083 with a market cap of $142,755,134 and a 24-hour trading volume of $10,962,220. Besides that, there are 46,299,999,999 JASMY coins currently circulating in the market. This is all about the history of JASMY crypto news for now.
JASMY Crypto Price Prediction
It is always challenging to predict the price of cryptocurrencies since many volatile factors can change at any time. Therefore, experts still rely on available data and market trends to reach a feasible conclusion for JASMY crypto price prediction.
Given the recent market trends and developments, the JASMY token will likely start in 2023 with a value of $0.000313. But these prices will go up as the crypto market recovers from the devastations of 2022. According to most JASMY coin price predictions for 2025, the token price will reach $0.0000617.
When you look at the long-term price predictions for the token, the JASMY will likely end this decade with a value of about $0.0632. However, it is important to note that crypto predictions are anything but accurate. So you must do your research and due diligence before investing in crypto.
Will JASMY Crypto Make a Comeback?
Coming to the main question of it all, there is no way one can say if the JASMY crypto will make a comeback. This is because many unpredictable factors in the crypto market can change the direction of the wind at any time.
That said, it is also important to note that this crypto project has many unique characteristics that set it apart from others. Moreover, with growing concerns about data privacy, demand for projects like the JASMY crypto will likely go up. Hence it is fair to conclude that there are chances that crypto will make a comeback given enough time.