This Altcoin Outperforms Top 100 Tokens While Aiming For New Heights
While Bitcoin (BTC) and other leading cryptocurrencies have been making headlines for their recent gains, one often-overlooked altcoin, JasmyCoin (JASMY), has outperformed other cryptocurrencies with a staggering 861% year-to-date surge. Top 100 Tokens in the market. As of Thursday, JASMY broke out of a seven-month consolidation phase and climbed to $0.054.
Altcoins outperform major cryptocurrencies
In addition to its impressive annual performance, JasmyCoin has also made significant gains in shorter time periods, growing by 118%, 162%, and 211% in the past 7 days, 14 days, and 30 days respectively.
Related reading
Market experts predict that the overall market bullish trend This situation is likely to continue until at least the second quarter of 2025, indicating further growth potential for JASMY, which is still 98% below the all-time high of $4.79 reached during the 2021 bull market.
However, further gains are expected in the coming months, with a possible cycle top in October 2025, Ethereum The second largest cryptocurrency (ETH) will play a key role as it often leads further price appreciation like the altcoins in question.
But what exactly is JasmyCoin? Why has it attracted so much investment in recent weeks?
JasmyCoin Eyes Key Resistance Levels
JasmyCoin is the native token of the Jasmy platform and aims to democratize data usage by integrating Blockchain and Internet of Things (IoT) technology.
The platform provides a decentralized and secure infrastructure that allows individuals to control and monetize their personal data. Users can securely store and manage their data while granting enterprise access with their consent.
built On the Ethereum blockchain, the altcoin is an ERC-20 token with a total supply of 50 billion. Its main uses include data transfer and storage, payment for services, facilitating market entry for institutional investors, providing cryptocurrency loans, and optimizing tax strategies.
In stark contrast to Bitcoin, which is up 120% year to date (recently hitting an all-time high of $104,000), JASMY has significantly outperformed the largest digital asset.
Related reading
According to CoinGecko dataBitcoin trading volume increased by 64% compared to Wednesday, while JasmyCoin trading volume increased by nearly 100% during the same period.
As JasmyCoin continues its upward trajectory, technical analysis shows key resistance levels on the daily chart of JASMY/USDT at $0.063, $0.067, and $0.070, levels not seen since January 2022. These levels could pose a challenge for the altcoin’s price surge further.
On the contrary, the key support level Those to monitor include $0.040, which is crucial to sustain the bullish momentum, and $0.031. Holding these support levels will be crucial for the altcoin as it aims to inch closer to the $0.10 mark.
Featured images from DALL-E, charts from TradingView.com
