JasmyCoin has pumped on rumors that the cryptocurrency has partnered with smartphone giant Apple, creating a huge buzz in the JASMY community.
This article will address that rumor and assess the potential price prediction for JasmyCoin.
What is JasmyCoin?
JasmyCoin (JASMY) is the native token for Jasmy, a project aimed at allowing internet users to monetize their own browsing data and sell it to advertising companies. JASMY is a utility token built on Ethereum, and performs a similar role to that of the more widely known BAT token in the Brave ecosystem.
The project describes itself as “Japan’s Bitcoin”, focusing on the concept of democratized data in an IoT-enabled world.
In March 2024, the project announced a partnership with Panasonic.
The project states ambitious plans to release its technology globally as an open-source service, allow users to deploy their own databases on the network, and to lock up a significant portion of its tokens.
The project did initiate a lockup of 100 million tokens in May 2024.
JASMY briefly spiked to $4.39 shortly after it began trading in 2021 and has trended steadily downwards ever since. At the time of writing, it is down 96% from its all-time high and valued at $0.392.
It’s worth noting that only around 10% of coins were in circulation at the time of the all-time high, somewhat skewing the data. Nevertheless, price has plummeted since trading opened in 2021 and remained relatively flat ever since, presenting prospective newcomers with a fairly daunting price history.
Did JasmyCoin partner with Apple?
No, JasmyCoin has not partnered with Apple. There is no statement from either project that indicates any kind of collaboration.
The partnership rumor may have stemmed from the project’s subreddit and was picked up by media outlets including CryptoNewsLand which stated that the Prime Minister of Japan has confirmed that iPhones would be integrating JasmyCoin tech by next spring.
The false news was syndicated on a subdomain of the Binance website, lending credence to the rumor.
While JasmyCoin’s price was no doubt bolstered by the Panasonic partnership and token lockup, the latest price spike of around 100% can most likely be attributed to the speculation around an Apple partnership.
JasmyCoin price prediction for 2024
JasmyCoin has increased by 101% in the last 30 days. An accurate JASMY forecast at this time is difficult due to the apparent confusion around the now-debunked Apple collaboration.
Many analysts believe that the token will now see a price correction due to pumping on inaccurate market information in the first place, although with small-cap coins, the fact that price has spiked recently is often enough to cause others to jump on board, causing further upward momentum.
However, it’s important to note that the fundamental value underlying the latest price increase, if it can be attributed to the Apple news, is highly questionable.
Any JASMY crypto price prediction needs to factor in the possibility of a negative impact due to the false partnership reports, although there is no evidence that the JasmyCoin project is responsible for those rumors.
JasmyCoin Price Prediction for 2025
By 2025, the JASMY token price prediction could be very different indeed. JASMY has seen quite a spectacular price collapse since 2021, with many considering the coin to be dead in the water. It’s also possible that the recent partnership rumors will further harm the project’s image in the long term.
JasmyCoin will need to demonstrate success in any upcoming endeavors, such as the Panasonic partnership, in order to become a long-term viable investment to more serious market participants.
JasmyCoin Price Prediction for 2030
By 2030, there’s really no telling what the future of JASMY coin will be. Investors will be looking at factors like market sentiment seen on social media, adoption of JasmyCoin technologies, and delivery on promises like token lockups and open source technology.
If JasmyCoin fails to deliver on any of the above, the forecast may remain bearish for JASMY. Projects that fall 100% and stay in that price range for multiple consecutive years typically have a hard time regaining investor trust, making a bullish JASMY price target more difficult to reach.
On the other hand, if JasmyCoin does turn things around, the project could indeed have a future, as indicated by the promising partnership with Panasonic. The JASMY coin potential will ultimately depend on how widely it is adopted and whether the project staff deliver on their promises.
Frequently Asked Questions
Is JasmyCoin a good investment?
When asking yourself if JasmyCoin is a good investment, it’s often considered wise to consider past price performance, current partnerships, and wider market sentiment.
Will JasmyCoin go up or down?
There’s no telling where the price of JasmyCoin, or of any financial asset, will head next. It’s worth noting that the recent price increase is partially attributable to false rumors of a partnership with Apple, and that the revelation that there is no such partnership may impact price.
Should I invest in JasmyCoin?
When considering an investment in any asset, research and risk management are key. Your decision to invest will typically be influenced by your risk appetite, the performance history of the project, and how the asset is being viewed by other traders online.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.