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JasmyCoin is attracting investor interest through its use case and performance, while new contenders like Mollars are attracting attention with their potential.
Amid the rapidly changing market dynamics, the cryptocurrency space has seen a surge in the green over the past 24 hours. Surprisingly, it's not just the usual memes and altcoins that are making gains. JasmyCoin, also known as Japanese Bitcoin, is attracting investor interest with its unique use case and amazing market statistics.
Although it is not rising at the moment, Jasmycoin is up 26% in the past day, placing itself at $0.028. However, it has since declined and settled at $0.02542 at the time of writing.
JASMY's daily trading volume has increased by 600% over the past two days, reaching $422 million. This stunning jump caused the asset's market cap to rise to $1.4 billion, making it the 72nd largest cryptocurrency at the time of writing.
JasmyCoin (JASMY), despite launching in 2021, has begun to see significant growth in the past year. This raises questions in the minds of cryptocurrency enthusiasts: What is Jasmi and why is it here?
Founded in Japan, Jasmi bills itself as an advocate for the democratization of data. Cryptography aims to develop solutions that allow users to control data sent to companies via IoT (Internet of Things) technology.
JASMY focuses on modern data management needs. According to Security.IO, the currency integrates blockchain technology with the Internet of Things.
In layman's terms, IoT is a technology that allows devices to connect to a central “cloud” where all data is managed. For example, a car reporting data to a central cloud for analysis and feedback is an example of the Internet of Things.
Sometimes this information is private or used for commercial purposes. Therefore, Jasmy Coin has the potential to become a solution that allows users to earn money from companies that use their IoT data to generate profits.
The actual JASMY coin is different from the blockchain. Cryptocurrency is what is used to pay miners and could be a tool to pay people for their information in the future as well. It is also a currency that traders can invest money in to reap benefits from daily fluctuations.
JASMY has performed remarkably well over the past year. The value of Bitcoin in Japan has risen by more than 445% since this time last year. In the past month alone, the JASMY index has risen 40.5%, with a large portion of this increase occurring in the past week. The approval of the Ethereum Spot ETF sent the price of the data management coin soaring by 30%.
Currently, the coin is selling for $0.02542. JasmyCoin has increased from last year's value of $0.00474, effectively removing zero from its price.
While memecoin enthusiasts look to interesting coins like JASMY to boost their portfolio profits, there is another altcoin that is attracting investors from Jasmy and other altcoins. The pre-sale of the Mollars token, an emerging competitor in the market, kicked off this weekend, with nearly 110,000 tokens sold in less than 48 hours. Not surprisingly, Jasmycoin investors were part of the group of traders buying in the pre-sale.
Strong sales growth suggests Mollars could be the next JASMY. Interestingly, over the past 30 days, the keyword “Mollars” has outperformed “Jasmy Coin.” Twice, search queries for the new store-of-value token have replaced the Japanese data management coin.
Mollars' token is still in the pre-sale phase, which means rivaling the search volume of an already established cryptocurrency with a market capitalization of $1.27 billion is an achievement in itself.
Furthermore, three cryptocurrency exchanges, LBank, Bitmart, and XT, announced that they will list the MOLLARS token after the ICO closes on June 1, with additional listings expected closer to the launch date. With the current pre-sale price of $0.55, experts expect the molars to grow in value by 44X or +4,400% in a relatively short time.
As JasmyCoin continues to rise, new contenders like Mollars are also attracting investors' attention with promising potential. The evolving market landscape indicates that exciting times are ahead for both established and emerging cryptocurrencies.
