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The JasmyCoin price surged 27% in the last 24 hours to trade at $0.01162 as of 05:04 a.m. EST on trading volume that rose 40% to $822.7 million.
This comes days after JASMY was made available on Guarda Wallet. The project is a blockchain platform conceived with the vision of reshaping the data dynamics in the Internet of Things (IoT) and the metaverse.
Exciting #CryptoNews!@GuardaWallet welcomes $JASMY, the token at the heart of @JasmyMGT.
JasmyCoin, pioneering IoT blockchain tech, empowers users with data sovereignty.
Dive into the future of IoT with your own #Jasmy wallet today 👉 https://t.co/Mh02MDKX3D pic.twitter.com/rfo2yKvDTX
— GUARDA 💎 WALLET (@GuardaWallet) February 12, 2024
JASMY has captured the attention of the crypto community, prompting speculation about its potential for further price surges. However, the question remains: can this recent attention propel its value to greater heights?
JasmyCoin Price On An Uptrend, Set To Breach The Upper Boundary Of The Bullish Pennant
The JasmyCoin price has been in a consolidation phase around $0.006. However, the bulls won the struggle, driving the price on an upward trajectory through a markup phase and facing resistance at $0.0123. This allowed the price to slightly retrace to the support level of $0.010.
JASMY is currently trading above both the 50-day Simple Moving Averages (SMAs), which indicates that the price will soar even higher. The 50-day SMA is trading above the 200-day SMA, with a golden cross formed at $0.0058, near the major support at $0.006, further supporting the bullish sentiment.
Additionally, the Relative Strength Index is at 60 as it tries to move to the overbought region. This indicates that the buying pressure will rise, which will drive the price up.
The Moving Average Convergence Divergence (MACD) line (blue) is trading below the signal line (orange), a sign of a bearish crossover. However, the line is above the zero line, which is an indication of an impending bullish reversal.
The slight price retrace is also supported by the decline of the red bars below the zero line.
JasmyCoin Price Prediction
The JasmyCoin price technical analysis has a bullish bias, with the formation of a bullish pennant. The bulls are aiming to breach the resistance at $0.0123, driving the price higher as they test new resistances at $0.0138 and $0.0145
In an inverse scenario, if the bears take control of the price, this may allow for a retrace to $0.00951, coinciding with the 50-day SMA.
As JASMY’s price soars, many investors are migrating to Smog, a project analysts looks set to emulate the success of other Solana-based meme coins like BONK, MYRO, and WIF. The Smog project also promises to unleash the mother of all airdrops, said to be bigger even than that of the Jupiter token.
Smog Poised To Be The Next Big Solana Meme Coin
Smog launched during the Chinese Year of the Dragon celebrations and went on to capture the community’s attention, thanks to its dragon-themed appeal. The token has thus far garnered over 23,000 holders and a 56,000 cross-platform community, driving the market capitalization to around $42 million.
Smog, initially launched as a Solana-based token, expanded its reach by making its debut on Ethereum through PortalBridge, thereby enhancing its appeal to the broader investor community.
Promising to surpass all previous meme coins in impact, Smog is preparing to launch a colossal airdrop that aims to dwarf Jupiter’s massive $700 million airdrop. With a total supply of 1.4 billion, Smog has allocated 35% to this monumental airdrop, positioning it as the most substantial in history.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
The Smog project recently began distributing $1,500 worth of tokens through airdrops to other meme coins on a daily basis. Its primary focus currently is on Bonk, Dogwifhat, Myro, and Samoyedcoin holders.
Buy And Hold $SMOG For A Chance At Huge Returns From The Upcoming Airdrop
There are multiple ways to qualify for the SMOG airdrop, said to be the greatest in history. One primary method is to purchase and hold Smog tokens.
Smog has also introduced a gamified approach for acquiring the airdrop. Participants can now complete a variety of tasks, including limited, daily, and regular challenges, to earn airdrop points on Zealy.
The community is growing massively, as over 8,600 members are already on Zealy, having completed over 300,000 tasks.
You can also earn passively through Smog’s staking protocol, where you earn an impressive 42% annual percentage yield (APY).
Jacob Bury, a prominent crypto analyst and YouTuber, believes that with the project’s fundamentals, Smog has the potential to surge another 100X.
You can buy the SMOG token on its official website to be eligible for the historic airdrop soon.
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