Gate News Bot Message, January 09. According to CoinMarketCap data, at the time of press, JASMY (JasmyCoin) is trading at $0.01, up 12.43% in the past 24 hours, reaching a high of $0.01 and a low of $0.01. Its current market capitalization is approximately $470 million, an increase of $52 million compared to yesterday.
Jasmy Incorporated was established in April 2016 and is headquartered in Tokyo, Japan. It is a company focused on Internet of Things (IoT) platforms and solutions. The company is led by CEO Kunitake Ando, a former executive at Sony, and includes several senior management personnel such as the former president of Sony Digital Network Applications.
Jasmy has obtained international information security certifications ISO/IEC 27001:2022 / JIS Q 27001:2023 and Privacy Mark certification. The company specializes in blockchain technology development, maintenance and operation of IT service platforms, and IoT device information solution services, committed to providing secure and reliable technical infrastructure for the IoT field.
Market Drivers Analysis
Recent key market performance of JASMY:
1️⃣ Japanese Ecosystem Project Gains Market Focus
As a blockchain project with a Japanese background, JASMY has benefited from increased investor attention to Japanese-related assets in the recent crypto market. There is widespread interest in tokens driven by Japanese subculture memes, which has led to capital inflows into the entire Japanese ecosystem sector. JASMY, as a project with actual business foundations within this ecosystem, has become a key target for attracting long-term investors.
2️⃣ Continuous Strong Rise Boosts Market Participation
From a 24-hour increase of 24.29% on January 07 to the current 12.43%, JASMY demonstrates sustained upward momentum. During this period, the 24-hour trading volume once reached a high of $227 million, reflecting ongoing active market participation. The steady expansion of market cap (up $52 million in 24 hours) indicates that this rally is accompanied by a simultaneous increase in investor recognition, rather than just a technical rebound.
3️⃣ Breakthrough of Psychological Price Level Provides Technical Support
Recently, JASMY successfully touched and maintained near the $0.01 mark, a key psychological resistance level. Breaking through this level often becomes an important technical support point. The current price stability suggests that this psychological level has evolved into a new support base, continuously attracting buy-in from momentum traders and supporting the price to operate at a higher level.
It should be noted that although the upward trend driven by positive market sentiment reflects investor optimism, the high volatility characteristic of the crypto market still exists. Investors should be aware of potential profit-taking pressures and short-term correction risks.
This message is not investment advice. Please be cautious of market volatility when investing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Crypto consolidates as volatility cools and futures markets tilt bearish
The crypto market continued to exhibit signs of choppiness on Friday, with bitcoin BTC$67,135.03 trading at $67,000 in the middle of a trading range that spans back to early February.
A selection of altcoins picked up during the lower liquidity Asia hours, prompting the likes of ALGO and RENDER to
CoinDesk8m ago
XRP Eyes $1.50 Breakout as Price Holds Critical Range
XRP trades in a tight range, testing support near $1.33 and resistance $1.40–$1.42.
A breakout above $1.50 could signal bullish momentum toward $1.52–$1.60.
Breakdown below $1.27 may extend the current downtrend and increase selling pressure.
Ripple’s XRP continues to trade within a
CryptoNewsLand52m ago
CryptoQuant: Ethereum derivatives market net traders trading volume turns positive, buyer pressure reaches $104 million
On April 4, CryptoQuant analyst Darkfrost posted a message, pointing out that the Ethereum derivatives market is showing a “structural change.” The net trader execution volume has turned positive for the first time, with buy-side pressure in control, which could help form a market bottom and may kick off a new round of upside.
GateNews1h ago
VanEck Research Director: BTC derivative protective demand hits the 99th percentile historically, signaling a potential contrarian long setup
VanEck Research head Matthew Sigel said that demand for hedging in the Bitcoin derivatives market has reached the 99th percentile in history, suggesting that it may be suitable to establish long positions. At the same time, he warned that high capital expenditures in the artificial intelligence sector could put pressure on the market, especially in the S&P 500.
GateNews3h ago
Bitcoin’s ‘no direction’ action may lead to heavier breakout: Analyst
Bitcoin's prolonged consolidation below $70,000 may indicate a potential rally, despite mixed analyst sentiment. While some predict a breakout, others warn of deeper bearish trends. Current trading is stagnant, with Bitcoin at $66,890.
Cointelegraph4h ago
SHIB Consolidation Deepens With Symmetrical Triangle Taking Shape
SHIB remains inside a long descending channel, limiting upside potential for now.
A symmetrical triangle forms on lower timeframes, showing rising short-term bullish momentum.
Key resistance levels and breakout confirmation are needed for sustained upward movement.
Shiba Inu starts
CryptoNewsLand4h ago
