$JASMY broke out from weekly with 400% potential in weeks
Jasmy is a cryptocurrency project that aims to help users monetize their personal data by using a personal data locker (PDL) system. Users can upload their data to the PDL and receive Jasmy tokens (JASMY) as rewards, while enterprises can pay service fees in JASMY to access the data. Jasmy also plans to connect internet of things devices to the PDL, making the data more valuable and diverse.
Jasmy’s price surged by more than 350% from its 2023 lows of $0.002726 to reach a new high of $0.009697 on Monday, Feb 19, 2024. The token has become popular among swing traders and social media users for its high volatility and positive messaging.
Jasmy announced a partnership with NFTify, a platform that allows users to create and sell their own NFTs, on Feb 14, 2024. The partnership will enable Jasmy users to create NFTs from their personal data and sell them on NFTify’s marketplace, as well as use JASMY as a payment method.
Jasmy launched its beta version of the PDL app on Android and iOS devices on Jan 31, 2024. The app allows users to register their personal data, view their rewards, and manage their preferences. The app also supports biometric authentication and QR code scanning for data verification.
We project the return of $JASMY to coincide with the Bull run this institutional cycle. For mid-term it’s a 400% increase after the weekly break-out with its volatility so we can expect it to hit the first resistance of $0.0012 then $0.0028 before reaching $0.045 as the monthly resistance.
Whether Jasmy is a great investment or not depends on your risk appetite, time horizon, and expectations. Jasmy is a highly volatile and speculative asset that has experienced significant price fluctuations in the past few months. It has also faced some challenges in terms of development progress, regulatory uncertainty, and competition from other data-related projects.
Some of the potential benefits of investing in Jasmy are:
- Jasmy has a unique and innovative vision of empowering users to control and profit from their own data, which could attract more users and enterprises in the future.
- Jasmy has a strong team of former Sony executives and advisors, who have extensive experience and connections in the tech industry.
Some of the potential risks of investing in Jasmy are:
- Jasmy is still in its early stages of development and has not yet delivered its full functionality and features. It is unclear how long it will take for Jasmy to achieve its goals and milestones.
- Jasmy faces regulatory uncertainty and potential legal challenges, as data privacy and security laws vary across different jurisdictions and regions. Jasmy may have to comply with different rules and regulations, which could limit its growth and expansion.
- Jasmy faces competition from other data-related projects, such as Ocean Protocol, Streamr, and Datum, which have similar or overlapping goals and offerings. Jasmy may have to differentiate itself and prove its value proposition to stand out from the crowd.