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Highlights
- The JASMYCoin (JASMY) is an Ethereum based cryptocurrency that aims to decentralise the storage network.
- Dubbed as Japanese Bitcoin, JASMYCoin has been on a high ever since Binance announced that it would be listing the token on its platform.
- According to CoinMarketCap, JASMY was trading at US $0.206430 with a 24-hour trading volume of US $694,046,940 at the time of writing (BST 11:30 am).
The JasmyCoin (JASMY) is an Ethereum based cryptocurrency that aims to decentralise the storage network. JasmyCoin offers a platform for users to sell the data generated from the Internet of Things (IoT) devices to various businesses. Besides, this crypto can also be used to make payments for network services.
Dubbed as ‘Japanese Bitcoin’, JasmyCoin has been on a high ever since Binance announced that it would be listing the token on its platform. Binance opened the trading for JASMY/BTC, JASMY/BNB, JASMY/BUSD, and JASMY/USDT from 22 November. The listing saw the volume grow significantly by 281% on Tuesday.
JASMYCoin gains volume following Binance listing
With the world increasingly moving towards cloud storage and AIs, JASMY’s protocol offers a valuable process for storing and computing data with the help of its decentralised storage network IPFS.
Also read: Is it the right time to invest in an IRIS crypto?
What is makes JASMY unique?
JASMY focuses on high security allows individuals to maintain their privacy. Besides that, it functions on the basis of trust, and this is one of the important concepts it emphasises while providing its services. With companies today focussing on customer retention and customer acquisition, the trust and privacy of a blockchain go a long way, and JASMY provides a unique environment where data can be shared securely. It also reduces the cost of information security, increases service levels, and makes use of information that users outside the company store.
Is JASMY token worth considering?
JASMY token is ranked 219 on CoinMarketCap. According to CoinMarketCap, the JASMY was trading at US $0.206430 with a 24-hour trading volume of US $694,046,940 at the time of writing (BST 11:30 am). Though JASMY saw a rally of 52% following its Binance listing, on Tuesday, 23 November, it was down by 5.32% in the last 24 hours. JASMY crypto has a live market cap of US $981,560,380 with a circulating 4,754,930,780 JASMY coins.
Also read: Over 200,000% gains! Why Shih-Tzu (SHIH) is making everyone wonder
Experts believe that JASMY could be a profitable crypto in the long run. The Binance listing would have boosted the confidence of the investors, but JASMY is also present on leading exchanges such as Mandala Exchange, KuCoin, Coinbase Exchange, and Gate.io. Experts predict that the crypto in five years could grow by +1529.65, and we could well see its price touching US $1600 by 2026. Whether it does see such significant gains or not, only time will tell, but it indeed has hit the right chord with the investors to make enough noise in the market.
