Over the past week, JasmyCoin (JASMY) has seen notable volatility, with its price fluctuating between $0.0171 and $0.0190, reflecting a 5.29% decrease over the 7-day period. At the time of analysis, JasmyCoin is priced at $0.01791, with a market cap of approximately $884.83 million and a trading volume of $38.27 million, up 17.28% in the last 24 hours. JasmyCoin’s Fully Diluted Valuation (FDV) sits at $895.66 million, with a circulating supply close to its maximum supply of 50 billion JASMY.
Price Movement:
- October 25 – 27: The week began with a downward trend, as JasmyCoin’s price declined from around $0.0189 to lows of approximately $0.0171 by October 27. This decline was likely influenced by market-wide bearish sentiment affecting various altcoins, as Bitcoin dominance increased.
- October 28 – 30: JasmyCoin rebounded as it reached new highs during this week, touching around $0.0190. This upward movement aligns with a slight recovery in the broader altcoin market. Increased buying activity may have been spurred by technical traders viewing the previous dip as an entry point, coupled with increased trading volume.
- October 31 – November 1: After the brief rally, JASMY faced renewed selling pressure, dropping back to around $0.0175. This could indicate profit-taking by short-term investors and traders. On November 1, the price saw a slight recovery to $0.01791, but market sentiment remains cautious, with continued resistance in breaking above the $0.0190 level.
Volume and Market Cap: JasmyCoin’s trading volume increased by 17.28% over the past 24 hours, reflecting heightened interest or trading activity, which can be attributed to the volatile price swings throughout the week. The volume-to-market cap ratio stands at 4.25%, indicating active trading relative to its overall market valuation.
Key Metrics:
- Market Cap: $884.83 million (down by 2.94% over the week)
- Trading Volume (24h): $38.27 million (up by 17.28% in the last 24 hours)
- FDV: $895.66 million
- Circulating Supply: 49.39 billion JASMY (close to maximum supply)
Analysis & Future Outlook: The recent price movements suggest JasmyCoin is facing resistance in its attempts to stabilize above $0.0180. The volatility could continue, especially if broader market conditions remain uncertain. If JASMY can find support at the $0.0175 level, it may attempt another rally; however, resistance at $0.0190 may hinder further upward movement.
With an increase in trading volume, investors should watch for either an accumulation phase or further profit-taking by short-term holders. For sustained upward momentum, JasmyCoin would need to break past the $0.0190 mark convincingly. Conversely, a breakdown below $0.0175 could lead to further downside.
Conclusion: JasmyCoin’s price fluctuations over the past week highlight its vulnerability to market sentiment shifts. The coming days will be crucial in determining if it can build momentum or continue to face selling pressure. Investors should monitor trading volumes and market conditions, as these will likely influence JASMY’s direction in the near term.
