Is it Too Late to Invest in Jasmycoin? JASMY Price Surges as New AI Coin Raises $3 Million
By Tim Hakki
Last updated: May 27, 2024 08:36 EDT
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Reading time: 2 minutes
Jasmycoin is at the forefront of decentralized data storage.
The price of decentralized data storage coin Jasmycoin ($JASMY) has experienced a 13% increase in the past 24 hours and a 32% increase in the last week. This surge is due to the recent approval by the US Securities and Exchange Commission (SEC) of exchange-traded funds (ETFs) for Ethereum ($ETH), the cryptocurrency that powers Jasmycoin’s native blockchain.
Dubbed as the “Japanese Bitcoin,” Jasmycoin offers an on-chain data storage solution that grants individuals greater control and autonomy over their personal data. It achieves this by allowing users to store their data in a Personal Data Locker (PDL) and share it with companies willing to pay for it, if they choose to do so.
This model aims to enhance data storage security, minimize leaks, and facilitate the controlled sharing and utilization of data among consenting parties.
Jasmycoin’s recent performance has positioned it as the leading data storage coin in terms of market capitalization, surpassing other competitors that have experienced significant losses over the course of the week, such as Arweave, which is down by 17%.
The news of ETF approval has also contributed to the continued surge of Ethereum, which has seen a 26% increase since the same time last Monday.
Looking at Jasmycoin’s price chart, the coin has demonstrated relative stability, fluctuating between the range of $0.016 and $0.025 over the past three months. In May, the token reached its lowest point at $0.015 but typically finds support slightly above that level.
Source: TradingView
The current price of Jasmycoin represents a key resistance level. However, a recent surge in whale activity within the past 24 hours nearly pushed the price towards 3 cents. This significant buying pressure resulted in an overbought relative strength index (RSI) value above 80. As a result, there has been a subsequent sell-off, causing both the price and RSI of Jasmycoin to decline. The RSI has now fallen to 47, returning to a healthy range but potentially at risk of further decline in the near future.
As Jasmycoin’s price continues to rally, another AI-based meme coin called WienerAI has raised $3 million in investments.
Jasmycoin’s bullish price action serves as evidence of its status as one of the many projects exploring the vast array of use cases within the blockchain industry.
However, data storage is not the most buzzworthy sector within Web3. Investors seeking more explosive rallies may choose to diversify their holdings with meme coins or AI coins, both of which have the potential to experience significant growth in the coming months.
Coins like ScottytheAI and WienerAI combine the viral appeal of memes with the lucrative opportunities presented by artificial intelligence. These projects are garnering attention from investors.
Although WienerAI may appear to be just another dog-themed meme coin, it offers much more. It represents a leap into the realm of blockchain’s intelligent assistance for crypto traders to generate profits.
Despite being only a month old, WienerAI has already raised an impressive $3 million in investments. Marketed as a “Revolutionary AI Trading partner,” WienerAI ($WAI) serves as a digital companion that provides user-friendly AI-enhanced trading advice, seamless swap functionality, and zero fees.
The smart contract of WienerAI has been audited by the blockchain security platform Coinsult.
Approximately 20% of $WAI’s supply is available for staking, and buyers have the opportunity to stake during the presale to take advantage of the currently lucrative yield, which stands at 327% APY.
For the latest news on WienerAI, interested individuals can follow them on X and Telegram.
To participate in the presale, visit the WienerAI website.
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. There is a possibility of losing all of your capital.