Check Today's Crypto Market:
Bittime - JasmyCoin (JASMY) isa cryptocurrencyfocused on Internet of Things (IoT) technology originating from Japan. In the past week, JASMY surprised investors by surging more than 130%.
JASMY is now trading at $0.01528, reaching its highest value since May 2022. This impressive price increase raises questions about which new cryptocurrencies could potentially experience a similar rise. Meme Kombat (MK) is one possibility that has emerged.
JasmyCoin was launched in 2021 by Jasmy Inc. It is a company led by former Sony executives, including Ando Guowei, Sony's former president and chief operating officer.
JasmyCoin is a utility token that runs on the Ethereum blockchain and functions as an ERC-20 token. JasmyCoin is the sole currency of the Jasmy network, and the primary use of the token is to pay for personal data from IoT devices.
The Jasmy platform aims to restore and protect individual data by combining IoT technology with blockchain technology and giving users complete control over their personal information.
The main goal of the project is to create a secure environment where users can exchange data trustlessly between IoT devices (computers, cars, mobile phones) and decentralized protocols. Jasmy developers' mission is to create an environment by establishing an infrastructure where users can consume data easily, safely and smoothly.
As a result, Jasmy aims to provide users with a robust infrastructure, an intuitive interface, and a secure environment for storing and sharing data. In the Jasmy space, information can be turned into personal assets.
Also read How to Buy Crypto:
Jasmy decentralizes workflows with edge computing and stores data on IPFS (Inter Planetary File System). The philosophy of the project is based on the democratization of data using a decentralized model, where data is securely protected and owned by its owners, and service providers get the opportunity to promote their services/businesses using data (which is owned by users).
One of the factors driving the JasmyCoin price increase is the activity of two influential JasmyCoin shareholders, commonly called “whales”, who have withdrawn a total of 665.6 million JASMY tokens, or the equivalent of almost $5.36 million (around IDR 83 billion ), from the Coinbase exchange. This important development adds support to the buying pressure in the market.
Additionally, these whales have been accumulating JASMY since October 2021, totaling 1.223 billion tokens, emphasizing the continued appeal of the loss-making asset.
Regulatory changes in Japan also increased JasmyCoin's bullish sentiment. Japanese authorities have approved direct venture capital investments into cryptocurrency projects.
This regulatory change directly benefits JasmyCoin, Japan's largest cryptocurrency project. The relationship between JasmyCoin and DWF Labs, an organization known to manipulate the value of cryptocurrencies, only increases optimistic market sentiment.
JASMY is also projected to have a bullish target price of $0.30 (around IDR 4,600) by influential figures in cryptocurrency, such as a prominent analyst called “The Wolf of Memes Street”. This forecast is supported by increasing demand from Japanese venture capital and the energy of the cryptocurrency community in general.
The legal changes to be implemented in Japan, intended to make it easier for venture capital firms to directly invest in cryptocurrency projects, are a major step for the country's digital economy.
This ease of regulation is expected to release domestic funding flows to web3 companies, which will further reduce their dependence on foreign capital. The move is expected to encourage innovation and expansion in Japan's cryptocurrency sector, which is fertile ground for start-ups and new technologies.
Potential Meme Kombat (MK)
Meanwhile, Meme Kombat (MK) is a new cryptocurrency that has the potential to experience price increases like JasmyCoin. MK is a utility token that runs on the Binance Smart Chain blockchain and functions as a BEP-20 token.
MK is the currency of the Meme Kombat network, a fighting game platform that combines elements of memes and cryptocurrency. The main goal of the project is to create a fun and entertaining environment where users can play games, collect and exchange meme characters, and earn rewards in the form of MK.
The mission of the Meme Kombat developers is to create an environment by establishing an infrastructure where users can enjoy the game, community and cryptocurrency. As a result, Meme Kombat aims to provide users with a unique, interactive and profitable experience.
In the Meme Kombat space, meme characters can be turned into personal assets. Meme Kombat decentralizes workflow by using smart contracts and storing data in IPFS (InterPlanetary File System).
The philosophy of the project is based on the gamification of data using a decentralized model, where data is securely protected and owned by its owners, and service providers get the opportunity to promote their services/businesses using data (which is owned by users).
One of the factors driving the price increase for Meme Kombat is strong and enthusiastic community activity. Meme Kombat users can participate in various activities, such as voting for their favorite meme characters, creating new memes, interacting with other players, and earning rewards in the form of MK.
Another important development is the launch of the fighting game Meme Kombat, scheduled for March 2024. The game will allow users to fight with meme characters they own or rent, and win MK based on their performance.
MK is also projected to have a bullish target price of $0.10 (around IDR 1,500) by influential figures in cryptocurrency, such as a prominent analyst called “The Crypto Dog”. This forecast is supported by increased demand from the gaming and meme communities, as well as the energy of the cryptocurrency community in general.
JasmyCoin and Meme Kombat are two examples of cryptocurrencies that have shown tremendous price increases in a short period of time. These two projects have different visions, missions and philosophies, but both focus on utilizing data as a personal asset.
Both projects have also benefited from regulatory changes in their countries of origin and destination, as well as support from the cryptocurrency community. While both have the potential for further growth, investors and users should remain cautious and do their research before investing
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappbeti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
What is a Liquidity Provider Token (LP Token)?
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.