JasmyCoin (JASMY) 30 Days Price Analysis – JASMY Shows Minor 1.43% Increase: A Significant Uptrend Incoming This Month?

JasmyCoin (JASMY) has shown signs of recovery in a turbulent market. As of the latest data, JASMY is trading at $0.02843, with a 24-hour trading volume of $111,062,518. This represents an 8.29% decline in the last 24 hours, positioning JasmyCoin at #56 on CoinMarketCap with a market cap of $1,404,588,480. The coin has a circulating supply of 49.2 billion JASMY out of a maximum supply of 50 billion, indicating that 98.60% of the total supply is already in circulation.

Performance Overview

Over the past month, JasmyCoin has experienced a notable comeback, showing a minor 1.43% growth. More impressively, the coin has seen a 10.15% increase over the past week, suggesting a positive trend. This recovery follows a period of lower lows from its recorded peak of $0.04413. The resilience of JASMY in the face of market challenges is encouraging, with many market participants anticipating a return to its previous highs contingent on increased buyer activity.

Investor Sentiment and Market Dynamics

According to data from IntoTheBlock, the distribution of JASMY holders is diverse. Retail holdings account for 26.77%, investors’ holdings stand at 29.33%, and whale holdings dominate with a concentration of 68%. The significant presence of large holders suggests potential support and stability, with 6% of investors holding JASMY for over a year. Furthermore, transactions exceeding $100,000 in the past week totalled $51.49 million, indicating substantial interest from big investors.

The 30-day price correlation of JASMY with Bitcoin stands at 0.89, highlighting a strong linkage with the leading cryptocurrency. This correlation suggests that broader market movements, particularly Bitcoin ones, could significantly impact JASMY’s price.

Liquidity and Market Cap Analysis

JasmyCoin’s liquidity is moderate, standing at 8.26%. The high percentage of the coin’s circulating supply, coupled with its substantial market cap, underscores its significant presence in the market. As JASMY approaches its maximum supply, scarcity may influence its price dynamics.

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Conclusion

JasmyCoin’s recent price movements and investor interest signal a potential turnaround. However, the market remains volatile, and further gains will depend on sustained buyer support and broader market conditions. Investors should watch for key resistance levels and market trends to gauge JASMY’s next move.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.