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Highlights
- The JasmyCoin (JASMY), also dubbed the Japanese Bitcoin, is an IoT platform, which aims to offer infrastructure that allows seamless data transfer safely and securely.
- Built on the Ethereum blockchain network, the JASMY crypto aims to cater to different individuals and businesses to transfer tokens using the Proof-of-Value consensus.
- The 343rd ranked Jasmy crypto was trading at US$0.014471 with a trading volume of US$51,21,90,274, according to CoinMarketCap.
The JasmyCoin (JASMY), also dubbed the Japanese Bitcoin is an IoT platform, which aims to offer infrastructure that allows seamless data transfer safely and securely. Built on the Ethereum blockchain network, the JASMY crypto aims to cater to different individuals and businesses to transfer tokens using the Proof-of-Value consensus.
As it does not limit the usability of the token, it serves a broader purpose of transmitting data to improve efficiency and boost them. Boasting a robust infrastructure and intuitive platform, Jasmy facilitates consumer-focused information and empowers users to have more control over their data by democratising them in a decentralised manner.
Also read: How Terra's (LUNA) US$30 bn crash is benefitting this crypto
On 17 May, the token was dishing out good momentum as it was up by 21.62% with a volume gain of over 76%.
Why is Jasmy crypto rallying?
The JasmyCoin is rallying on the back of the Mercado Bitcoin exchange listing news. Mercado Bitcoin is Latin America’s largest crypto exchange, and it has added six digital assets to its platform, including the likes of POWR, HOT, TRB, DIA, STG, and JASMY.
In fact, May has been a good month for Jasmy as it has managed to get exchange listings in leading exchanges of the world, such as Binance, Woo, and BitForex. In fact, Jasmy protocol had announced on 16 May that it will offer spot trading facilities on the BitForex exchange.
Also read: What does Terra's (LUNA) realistic revival plan look like?
The Jasmy crypto uses the traditional InterPlanetary File System (IFS) system to transfer the data. Together with the Security Knowledge Communicator (SKC) with Smart Defender technology, it can allow the seamless registration of IoT devices on which data is transferred.
Jasmy’s price movements
The 343-ranked Jasmy crypto was trading at US$0.014471 with a trading volume of US$51,21,90,274, according to CoinMarketCap. JASMY coin was enjoying a live market cap of US$7,01,11,121 with 4,75,49,30,780 JASMY coins in circulation.
Jasmy crypto’s rally on 16 May is not a one-off. In fact, crypto has been enjoying a rally of 4.8% in the past week. The rally is particularly significant considering that the overall crypto market has been bearish.
While the rally should be heartening, it must be careful of the volatility that happens in the crypto market. Therefore, before venturing into the crypto market, one must do thorough market research and study trends before entering the market.
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