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Holders of JasmyCoin (JASMY) are excited about a recent price chart signal suggesting the potential for significant price increases in the coming months.
Investors are eagerly anticipating updates that could push JasmyCoin even higher as the price approaches $0.03.
JASMY price analysis
JasmyCoin is presently trading at $0.02296, boasting a market capitalization exceeding $1 billion and a noteworthy 24-hour trading volume of $375 million, which is particularly remarkable given its market cap.
This robust performance follows a 6.8% surge in the past day and a recent parabolic rise from $0.0065 on February 18th to a peak of $0.02164 by the end of the month. However, with a large circulating supply of 48 billion tokens, achieving its all-time high of $4 presents a significant challenge.
Considering the historical market cap, which reached approximately $1 billion in 2021 with an all-time low of $33 million, understanding JasmyCoin’s current market dynamics becomes more complex.
The present state of JasmyCoin’s price and liquidity raises curiosity, particularly concerning fluctuations in the circulating supply. Opinions on JasmyCoin vary widely, with some viewing it as the next big coin and others expressing skepticism, even labeling it as a potential scam.
JasmyCoin is notably listed on various exchanges, including Binance, BingX, Hotcoin Global, XT.COM, Bitget, Gate.io, and Coinbase Exchange, emphasizing its market presence and potential. If you’re on the hunt for the top altcoin investment, visit our guide to the best altcoins to buy now for 2024 here.
JASMY price prediction
The analyst anticipates a strong upward trend for JasmyCoin in the coming months, potentially surpassing the previous bull run’s swing high of $0.327 and even reaching towards the $1 mark. Despite these optimistic projections, caution is advised, especially for short-term traders.
Funding rates across exchanges for JasmyCoin are currently exceptionally high, indicating a market where the majority is taking long positions with high leverage. This situation often precedes significant pullbacks, liquidation wicks, or periods of sideways price action.
Considering potential pullbacks, it’s essential to recognize that JasmyCoin is currently in a clear and strong uptrend on the weekly chart. To assess support levels, a Fibonacci retracement from the bear market’s lowest point to the current high point reveals the $0.236 Fibonacci level at approximately $0.016 as the first area of significant support.
While not a guaranteed pullback, historical data suggests this could be a potential drop of around 35% from the current position. It’s worth noting that in October 2021, a substantial bull run for JasmyCoin began from a similar point, adding significance to this potential support zone.
While JasmyCoin’s journey continues, Meme Kombat races through the final hours of its presale, poised to enter the open market soon. The crypto community eagerly awaits developments that could shape the future of both assets.
Meme Kombat: Final opportunity for 10x surge as presale nears end
Meme Kombat, a play-to-earn token, has experienced a surge in the final two hours of its presale, drawing considerable attention from industry experts and prominent media outlets.
Can you believe we only have 2 hours left until $MK is in your hands and unleashed into this bull market? pic.twitter.com/o3364WekIs
— Meme Kombat (@Meme_Kombat) March 5, 2024
As the presale concludes, this notable launch presents investors with a final opportunity to acquire $MK tokens at the fixed price of $0.279 before they transition to a market-driven value on cryptocurrency exchanges.
Analysts are optimistic about a potential 10x increase in value, highlighting the project’s potential and upcoming exchange listing. Meme Kombat’s standout feature is its GambleFi functionality, which provides utility for the $MK token.
The project encompasses a variety of game modes designed to sustain user engagement over an extended period of time. Meme Kombat places a strong emphasis on building a robust community, evident by a substantial following across their social media platforms, and ensuring sustainable growth.
Investors are urged to act within a limited timeframe to secure $MK at the presale price before the official exchange debut and token generation event, necessitating a Metamask wallet for participation. Potential investors can visit our guide on how to buy Meme Kombat token here.
Backed by a clear roadmap and transparent tokenomics, Meme Kombat aspires to carve out a significant presence in the dynamic crypto gaming landscape. To take part in the $MK token presale visit memekombat.io.
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