Is It Too Late to Buy Jasmycoin? JASMY Price Soars as New AI Coin Raises $3 Million
The price of decentralized data storage coin JasmyCoin ($JASMY) has pumped 13% in the last 24 hours and 32% in the last week on news that the US SEC has approved exchange-traded funds (ETFs) for Ethereum ($ETH), the coin powering Jasmy’s native blockchain.
Billed as “Japanese Bitcoin” Jasmy is an on-chain data storage solution that gives people greater control and autonomy over their personal data by enabling them to store it in something called a Personal Data Locker (PDL). If they choose to, they can share this data with companies willing to pay for it.
This model aims to securitize data storage and minimize leaks while also facilitating its dissemination and use between consenting counterparties.
Jasmy’s recent performance means it easily pips all other top data storage coins by market capitalization, many of which are posting heavy intraweek losses, like Arweave, which is down 17%.
Ethereum is still surging on the ETF news. It’s up 26% from this time last Monday.
Jasmy’s price chart shows a fairly stable coin that oscillated between a relatively narrow range of $0.016 and $0.025 over the last three months. Going into May, the token bottomed out at $0.015, but typically finds support a little north of that.
Its current price is also a key resistance level, however a frantic bit of whale activity in the last 24 hours almost led to a breakout towards 3 cents. This big buy resulted in an overcooked relative strength index (RSI) value above 80. An ensuing sell-off has plunged both Jasmy’s price and RSI, with the latter falling down to 47–back in a healthy range, but potentially at risk of further spiralling in the near-term.
JasmyCoin’s bullish price action is a testament to its status as one of several projects unlocking
