Crypto Analyst Identifies Mid-Cap Altcoin Set To Surge 1,100%
08 Août 2024 - 9:00PM
NEWSBTC
Crypto analyst Javon Marks has identified a mid-cap altcoin that
can potentially make significant gains in this bull run. Based on
his analysis, a 1,100% price surge is already in the works for this
altcoin. JASMY To Surge By Over 1,100% Marks predicted in an X
(formerly Twitter) post that JASMY will surge by over 1,100% soon
enough. The analyst was confident about the altcoin enjoying such a
price rally, noting how every pullback for JASMY since its breakout
has supported further bullish movement for the token. He also noted
how JASMY has continued to hold a bull pattern at its current price
levels. Related Reading: XRP Prediction: Analyst Says Bullish
Divergences Are Still Present, Here’s Why In line with this, Marks
stated that a significant continuation of this bullish movement
with a potential 1,110% upside to reach the price target of $0.2785
is already on the horizon. JASMY has already come a long way in
this market cycle, and the analyst highlighted that, noting how the
altcoin was at some point 7,350% away from this price target of
$0.2785. JASMY is one of the best-performing assets among the
top 100 crypto tokens by market cap, with a year-to-date (YTD) gain
of over 220%. Commonly referred to as Japan’s Bitcoin, JASMY has
benefitted from the artificial intelligence (AI) hype, which is one
of the leading narratives in this market cycle. JASMY is the
utility coin of Tokyo-based Jasmy Corporation, which provides
secure data transactions and storage for IoT devices. JASMY has
also witnessed impressive growth thanks to some bullish
fundamentals since the start of the year, including the launch of
JANCTION AI, a layer-2 network designed to host decentralized AI
applications. Meanwhile, there were earlier rumors that JASMY had
secured a partnership with Apple to help integrate Japan’s My
Number Card system into iPhones in the country. Altcoin Under
The Spotlight Besides Marks, JASMY has caught the attention of
other crypto analysts like Altcoin Sherpa. Altcoin Sherpa once
mentioned it as one of the altcoins to keep an eye on, stating how
the coin was “extremely strong” as it didn’t budge following the
pullbacks that the crypto market experienced. Related
Reading: Analyst Says Bitcoin Bottom Is Not In, Will Price Crash
Below $50,000 Again? Altcoin Sherpa also suggested that JASMY could
rise to $0.067, although he didn’t state when exactly this would
happen. Crypto analyst AltCryptoTalk also recently analyzed the
altcoin and stated that the bulls should kick in soon as JASMY
holds above $0.0125. These bulls already look to have taken
an interest in the altcoins, with crypto analyst Steph stating that
JASMY’s current weekly candle looks “extremely bullish” and
indicates a huge buying pressure for the crypto token. According to
CoinMarketCap data, JASMY is trading at around $0.0214 at the time
of writing, down over 2% in the last 24 hours.
Featured image created with Dall.E, chart from Tradingview.com
JasmyCoin (COIN:JASMYUSD)
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