JasmyCoin Price Prediction: JASMY Races Towards $0.004

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JasmyCoin saw its fair share of volatility in the past few days, with a 1.2% in the last seven days, dropping by over 18% from its past month’s value.

However, its performance suggests a recovery might be underway at 4:18 a.m. EST on August 28. JASMY traded at $0.003, a 1.3% increase in the past 24 hours. Also, its trading volume surged by 50.8% within the same timeframe.

The price increase in the last 24 hours could be the positive after-effects of enjoyable ecosystem activities, including the Jasmy OG Carnival. While the coin shows impressive strides today, there is yet to be certainty about how far the rally will go.

JasmyCoin and DWF Labs Partnership Likely Contributing to Price Gains

JasmyCoin developers continue to pursue a smooth integration between the Internet of Things (IoT) and blockchain technology.

We are very pleased to announce our partnership with @DWFLabs labs. Together we will work to expand our business on global levels.#jasmy $jasmy #JMY #ジャスミー #dwf https://t.co/HloCvA9fxp

— HARA (@HARA_JasmyCFO) August 4, 2023

To this effect, they announced a partnership with DWF labs on August 4. The partnership aims to promote the IoT blockchain sector’s global expansion drive and boost users’ data independence worldwide.

This partnership enables users to retain more control over their data. More so, DWF Labs brings practical solutions to drive growth in the Jasmy ecosystem, such as over-the-counter service, media support, and other valuable partnerships. It is likely one of the factors driving JASMY’s modest price gains today.

Jasmy OG Carnival Another Ecosystem Growth Catalyst

In addition, Jasmy developers announced the winners of the OG Carnival on August 21. For context, the OG is a Badge for long-time supporters, and holders of these badges will enjoy exclusive benefits, including access to the OG channel, exclusive news, rewards, and more.

This competition increased user traffic in the ecosystem, likely contributing to today’s price gains. Furthermore, on August 25, Jasmy Management announced that ambassadors have been selected from the multiple applicants for the ambassadors’ program.

Thank you very much for the many applications to the Jasmy Ambassador Program.
In the first round, the following individuals have been selected! Congratulations!@Blake_Berryhill, @wc3068, @TAIKOtweets, @JasmyUS, @CaptainJasmy, @LEVEL08, @KIRFinance, @JASMY45725535 #Jasmy #BTC pic.twitter.com/k5XoOQw9Hk

— Jasmy-MGT (@JasmyMGT) August 25, 2023

Also, Jasmy Management will host a communication space on Twitter for selected ambassadors on August 29. The developers also hinted at a significant announcement during the Twitter Space, creating anticipation among their followers.

This community-based approach will likely pay off long-term, translating to increased user adoption and utility. The price gains resulted from productive partnerships and technical innovations in the JasmyCoin ecosystem.

JASMY Approaching $0.04 Will The Bulls Overcome the Sideways Trend?

JASMY is in a sideways trend today despite its price gains. Before now, the coin rallied briefly after the August 15-17 slump due to a general market downturn.

However, its rally was short-lived, with the bears forcing a price decline on August 20. The sideways trend persisted from August 21 till date as sellers and buyers struggled to gain the upper hand, evident from the surge in trading volume in the last 24 hours.

The Relative Strength Index is moving sideways with a value of 38.22, hovering above the oversold region, suggesting the entrance of buyers to force a recovery in the coming days.

JASMY still trades below its 50-day and 200-day Simple Moving Averages (SMA), expressing a bearish sentiment due to resistance. Also, its Moving Average Convergence/Divergence is below the signal line with faded red histogram bars, hinting at a positive trend reversal for the asset.

JasmyCoin may record a more significant price increase if the bulls sustain their charge before the day ends.

JASMY Support and Resistance

JASMY trades slightly above the $0.0033 support zone after slipping below it on August 17 and 18. The upper wick of today’s candlestick tests the $0.0034 resistance level. But traders will have to watch out for the next candle for confirmation of the following price direction.

If the bulls rally above the $0.0034 support, then JASMY can reclaim the $0.0037 price level, thus making $0.004 a possibility. However, the technical indicators suggest that the buyers are still gathering momentum and might need more buying pressure to reclaim $0.004.

Traders must proceed cautiously as the market condition is choppy and can go either way. The next candle will confirm if the buyers have seized control of the asset’s price.

Sonik Coin Zooming To Success

Sonik Coin is a meme coin project determined to capture the crypto market and achieve a $100 million market value in record time. It provides its growing community with fun and creative memes embodying the project’s core value.

Sonik’s roadmap reveals a progressive journey to greatness, with a first stage focusing on token and staking development, meme creation, and community engagement.

The second stage covers the staking launch, marketing campaign, and the Sonik boom Sellout. The third stage covers community, building gradual distribution of staking rewards, and the race to a $100 million market cap.

Sonik Staking The Smart Move For Investors

Sonik Coin offers its users a direct buy and stake feature, where they can earn additional rewards from staking their tokens and preventing inflation in the ecosystem.

Over 22.3 billion tokens are currently staked, with an expected APY of 107%. Also, over four years, 40% of approximately 299.79 billion tokens are dedicated for staking reward distribution to users.

This feature adds more value to the Sonik Coin ecosystem and utility to $SONIK tokens, boosting their value. SONIK presale is in its advanced stages, with just seven days left for investors to seize these speedy tokens.

Over 620,000 tokens have been sold out of the presale target of $2.09 million, showing massive interest from the crypto community to cash in on the following meme coin success.

Each SONIK token is worth $0.000014, which is quite affordable for investors to accumulate these tokens ahead of a potential price surge after listing. Sonik Presales references the success enjoyed by other memecoin projects such as HarryPotterObamaPacMan8Inu, which achieved a market cap of $200 million in less than 100 days.

Users can easily purchase these tokens with ETH or USDT and connect to the presale website with a secure crypto wallet.