Is It Too Late to Buy Jasmy Coin? Jasmy Price Surges 52% Amid $4.4 Million AI Coin Raise
The price of decentralized data storage coin JasmyCoin ($JASMY) has pumped 52% in the last seven days to trade at $0.03897. The rally was catalyzed by investor speculation that the crypto company had partnered with Apple’s iPhone.
The rumors have since been clarified as false. At the root of the confusion was an assumption that Apple’s recent announcement that it will be integrating Japan’s ID card system into its iPhones was connected to JasmyCoin, a decentralized on-chain personal data storage solution.
Billed as “Japanese Bitcoin” $JASMY gives people greater control and autonomy over their personal data by storing it in something called a Personal Data Locker (PDL). If they choose to, they can share this data with companies willing to pay for it.
This model aims to securitize data storage and minimize leaks while also facilitating data dissemination and use between consenting counterparties.
$JASMY’s recent performance means it easily pips all other top dePIN coins by market capitalization, however nearest rival Arweave blew up 20% over the week.
By contrast, crypto market leader Bitcoin ($BTC) grew a more muted 2.9% overnight and 4.4% over the week to trade at $70,919.
$JASMY’s price chart shows a two-part rally that began on May 23 when the US SEC has approved exchange-traded funds (ETFs) for Ethereum ($ETH), the coin powering $JASMY’s native blockchain.
This news helped the token rally above its $0.025 resistance level (indicated by the vertical red line), but the Apple rumors on May 30 then sent the price skyward above $0.04.
Jasmy may have found a new resistance level here. A stable relative strength index (RSI) of 48 and falling indicates things could go either way, but Jasmycoin’s price rally appears to be losing
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