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
Bitunix Analyst: Margin reduction combined with oil price shocks shifts market pricing towards "higher interest rates for a longer period"
CME lowers precious metals futures margin requirements, signaling increased market liquidity. The Middle East conflict has driven up energy prices, leading to a reassessment of inflation risks. The interest rate market pricing has shifted, with easing expectations cooling down, and funds focusing on U.S. non-farm payroll data, affecting economic and liquidity trends. The crypto market is also impacted, with short-term volatility rising.
GateNews31m ago
Culper Research shorted ETH, BitMine: Ethereum has entered a death spiral, Fusaka upgrade fee collapsed by 90%
Short-selling firm Culper Research publicly shorted Ethereum (ETH) and BitMine (BMNR), accusing the Ethereum Fusaka upgrade of causing transaction fees to plummet by 90%. The firm warned that the risk of a "death spiral" is increasing and questioned the sustainability of Ethereum's economic model. Culper cited Vitalik's recent sale of 20,000 ETH, indicating the founder's negative outlook on the current situation, and challenged the interpretation of active address growth, suggesting it may be the result of address poisoning attacks.
動區BlockTempo1h ago
Bittensor (TAO) Tests Crucial $180 Level Amid Renewed AI + Crypto Interest
Michaël van de Poppe's insights on TAO hint at a key resistance level at $180 that could lead to higher prices if surpassed. The token's tie to Bittensor and the AI-crypto narrative keeps it in focus as traders monitor its performance and volume for potential gains.
BlockChainReporter1h ago
HBAR Faces Renewed Pressure as $0.09 Support Weakens
Key Insights:
HBAR price repeatedly failed to clear value area high resistance, reinforcing overhead supply and weakening bullish momentum within the current range structure.
The $0.09 high timeframe support now defines short term direction as price rotates lower inside a clearly
CryptoFrontNews2h ago
Culper Research shorted Ethereum, citing the upgrade as the trigger for a death spiral
Culper Research report indicates that Ethereum's Fusaka upgrade caused excess block space, leading to a 90% drop in transaction fees, potentially entering a "death spiral" cycle, resulting in decreased staking demand and network security. The report mentions Vitalik Buterin selling large amounts of ETH, questioning Tom Lee's bullish outlook, and points out BitMine's loss risks held in Ethereum.
MarketWhisper2h ago
Pi Network Today's News: $0.20 Becomes the Bull-Bear Threshold, Token Unlock Adds Variables
Pi Network (PI) tokens recently surged in price, breaking through $0.1900, with a total increase of about 15%. Market sentiment has improved, and the fear index has risen back to 29. However, 20.8 million PI tokens will be unlocked on Saturday, which could increase selling pressure and pose a short-term risk to the price. If it can break through $0.1959, the target price is $0.2613; but a drop below the 50-day moving average could turn the trend bearish.
MarketWhisper2h ago
