JasmyCoin Price Prediction 2024, 2025, 2030

JasmyCoin has experienced a recent revival as a new law seems set to be implemented in its native Japan that will see VC companies allowed to hold crypto assets for the first time.

In this JasmyCoin price prediction we look at what JasmyCoin offers to users, the future price of JasmyCoin, what affects it, and where you can buy it.

JasmyCoin Price History

The first price data for JasmyCoin on CoinMarketCap is from February 13th, 2021, where the coin was priced at $1.4001. It immediately jumped up, hitting its all-time high of $4.99 on February 15th. It then lost 64% of its value over 4 days to hit a price of $1.7732. Despite then rising to prices close to $3 by the start of March, the price $JASMY continued to decrease and fell below $2.

Between March and the end of May 2021, JasmyCoin traded between support and resistance of $1 and $2. At the end of May, it fell quite precipitously down to a valuation of $0.01004 at the beginning of July.

It traded between $0.01 and $0.18 until the beginning of September, and then, reacting to movements in the rest of the market that saw Bitcoin reach its current ATH above $68k, JasmyCoin climbed to $0.2248—a 2,139% increase on its price from early July, but still 95.5% down from its all-time high.

From here JasmyCoin declined into 2022, where it found support at $0.011, before bouncing up to $0.05 in March. It then declined to find support at $0.09 for 3 months, before continuing its decline and hitting its all-time low of $0.002747 in late December 2022, 99.95% down from its ATH.

$JASMY bounced into 2023, gaining 191% to trade at $0.008, as it was announced that the token would be removed from Binance.US. The token price then declined and recovered, before Binance’s moving of the token to the Innovation Zone caused it to lose 34% of its value over 2 days. JasmyCoin then traded between $0.008 and $0.003 for 2023, tracking the movements of the wider market.

This continued into early 2024 when on the 18th of February, potentially on the back of news that Japan could introduce a law that allows the country’s VC firms to hold crypto tokens, the JasmyCoin price jumped over 200% to $0.01888. It is currently trading in a range between $0.017 and $0.012.

JasmyCoin Price Prediction 2024

We’ve broken our JasmyCoin price prediction for 2024 down by quarter to make it easier to understand when things are most likely to impact the Jasmy token price.

Q1 2024

As we close in on the end of Q1 there have already been a few eventful market events, most notably the approval of 11 spot, Bitcoin ETFs in January by the SEC, which has buoyed Bitcoin above $50,000 for the first time in 2 years and the crypto markets back to $2 trillion.

The only other potential item for price impact here is the Dencun Upgrade for Ethereum, scheduled for March 13th, which aims to make things cheaper for layer 2 solutions. With JasmyCoin built on Ethereum it may rise in price before the launch, and with a data democracy layer 2 proposed late last year the JasmyCoin crypto price could be positively impacted too.

Q2 2024

Q2 is by far the most exciting quarter of 2024 for the crypto markets, as the Bitcoin Halving is going to occur in April and there is an expected answer on Ethereum ETFs from the SEC in late May.

While the Bitcoin Halving impact is typically felt 12–18 months after the fact, many expect this year to contain a pre-Halving rally. The internet is awash with predictions of gains for when Ethereum ETFs are approved, however, if the decision is again pushed, or the applications are denied then prices may fall.

Q3–4 2024

The latter half of 2024 contains little scheduled excitement compared to the events in Q1 and Q2. However, if the proposed law for VC firms in Japan to be able to hold crypto is signed into law then crypto projects based there, like Jasmy, are likely to receive a boost, some in the markets and some in their funding, as a result.

Out of all the potential happenings in 2024 the only one that might truly impact the price of JasmyCoin is the approval of a VC law in Japan. As a result, our JasmyCoin price prediction for 2024 is neutral, containing a high of $0.0285, a low of $0.0050, and an average price of $0.0110.

JasmyCoin Price Prediction 2025

If 2024 is the year of the Bitcoin Halving then 2025 is when may expect the markets to hit new ATHs with the price action that comes as a result of it. 2025 is also the year where the European Data Act comes into force, increasing the availability of data generated by devices, in fitting with the type of economy that the Jasmy company envisions for their product.

As a result, 2025 could see a greater increase in the JasmyCoin crypto price. Therefore our JasmyCoin price prediction for 2025 is a high of $0.0700, a low of $0.0100, and an average price $0.0250.

JasmyCoin Price Forecast Long Term Outlook – 2030 Predictions

Looking further into the future only introduces more unknowns into the equation for making predictions. However, we do know that the IoT market is expected to grow at a CAGR of 26.1% between 2022 and 2030, and that the quantity of all the data we generate will just continue to grow. In addition to that, we expect the monetization of that data to be a trend that also continues to grow, along with the self-sovereignty trend for everything about the individual, including finances and data.

This will bring the focus of privacy to the forefront. The question is can Jasmy capitalize on this and make their product well known, or will they be squashed by larger corporations? Unfortunately, we expect the latter, and that Jasmy and its services will only be used by a select number of people, with products from a few, niche companies, in 2030.

This is why our JasmyCoin price prediction for 2030 has a high of $0.006, a low of $0.0005, and an average price of $0.001.

Potential Highs & Lows of JasmyCoin Price

Below we’ve summarized our JasmyCoin price forecast for 2024, 2025, and 2030.

What do Other Analysts Predict for Jasmy Coin?

Below we’ve summarized JasmyCoin forecasts from around the web to give a well-rounded overview of the future price action for JasmyCoin.

What is JasmyCoin and What is it Used For?

Jasmy is a Japanese company, based in Tokyo, that aims to help users gain control over the data collected by their IoT devices, securely store it, and selectively share it with companies who pay them for the ability to use said data.

Jasmy was founded in April 2016 by numerous Sony executives and combines IoT devices, blockchain technology, and decentralized storage protocols, e.g., the IPFS, to provide the infrastructure to allow anyone to use data safely and securely.

The JasmyCoin token is an ERC20 token, built on the Ethereum network, and is available on numerous exchanges around the world. Jasmy has already scored some big partnerships, including Panasonic, Transcosmos, and VAIO.

Data and the Dilemmas Arising from a More Connected World

While the growth of the IoT market—forecasted to grow at a CAGR of 26.1% between 2022 and 2030—and the interconnected nature of society by these devices, are widely expected to contribute to improved lifestyles, public spaces, and overall life in general for society’s citizens, there are many concerns about the collection, storage, and use of this data—all of which is currently controlled by the companies that produce or manage the services or the devices.

In February of 2022 the UNESCO Inclusive Policy Lab released a Think Piece, where the author, Stacy-Ann Elvy, begins by stating that:

“The rapid rise of the Internet of Things (IoT) raises pressing privacy concerns despite its possible benefits. IoT devices can collect vast quantities of granular data about individuals’ daily habits and activities.”

This is a consumer concern too, with 68% of consumers believing their smart devices listen when they’re unaware, and then share that data, and 53% of those in a survey by the Internet Society saying that they distrust their connected devices to protect their privacy and handle their information in a respectful manner.

The collected data is used to improve services and platforms, and to provide suggestions tailored to the individual’s wants, needs, and preferences. This gives it great economic value, especially for the companies that collect it—some of whom, e.g., Meta, have built business empires around this.

Jasmy: Providing a Solution to An Emerging IoT World

Where the current model has companies storing, controlling, and using their consumer’s data without the input of the user—besides their initial consent through the privacy policy that is required to use the device— Jasmy is building the infrastructure to flip this model and put users in control of their data. In the Jasmy model users get:

• Storage and control of their data in a secure manner
• Secure management and control of the devices that generate that data
• The ability to determine the rules by which their data is used, and to restrict or remove access to it at will

To do this a user first completes KYC on the Jasmy platform creating a unique ID that allows them to control, manage, and trace their data. The user then registers their smart device with the blockchain—this allows only the owning users, i.e., the one who registered the device to give permissions for the information it creates and stores.

This information is then organized and stored using distributed storage platforms, such as the IPFS, in a user’s Personal Data Locker, with the hash of that data referenced on the blockchain completing the decentralized loop for the storage of data.

Through their account with Jasmy, the user can access their Personal Data Locker, connect with data requestors, and accept or deny requests from them for specific elements of their data, e.g., location data or health data.

While Jasmy announced the start of development of Jasmy Chain, an Ethereum layer 2 aiming to be a faster and cheaper solution to data democracy, in August, little has been mentioned since, and the Jasmy Chain X account has not posted anything since September 2023.

How Does Jasmy Coin Fit Into This New Data Ecosystem?

JasmyCoin’s principal utility will be as the reward token in the Jasmy economy and the method by which data requestors will pay users for granting them access to their data—finally providing users with economic gains for the use of their data.

Other use cases can be developed for the token, and the intrinsic connection between JasmyCoin and the preservation of users’ data security is postulated to be a reason for many businesses to accept this token as a payment mechanism—partially because of the positive impact it gives their public image and partially because it allows them to purchase access to data.

JasmyCoin can be used to pay for goods and services by platforms that have integrated NowPayments, and is already accepted as a method of payment by Travala and Alternative Airlines.

JasmyCoin Overview

What Influences the Price of JasmyCoin?

Below we’ve summarized the 5 biggest factors that influenced our JasmyCoin price prediction and the future JasmyCoin token price.

• Wider Crypto Market: As the crypto market ebbs and flows so will the price of JasmyCoin, but expect the gains to be smaller and, sometimes, the drops to be larger.
• Launch of The Jasmy Chain: Announced in August 2023, this product has not really been mentioned since. However, once its launch is imminent it is likely that investors will speculate on the price of JasmyCoin.
• Demand for Self-Sovereignty Data: As the amount of data each person creates continues to grow we can expect a demand for solutions like Jasmy’s to increase—but with pushback from large companies this influence may be subdued.
• Partnerships: With Panasonic and VAIO already among its partners, its prime location in Japan, and the team’s connections with Sony, there is the expectation that more high-profile partnerships may be announced. These will undoubtedly bring speculators to the market.
• Japanese Laws: If the Japanese law allowing VC companies to hold crypto passes then we could see gains in the price of JasmyCoin—likewise if other crypto-friendly laws are passed in Japan.

Is JasmyCoin a Buy?

While our JasmyCoin price prediction doesn’t offer the greatest outlook for the long-term future of the coin, we do predict that it will fare well in the near term, albeit, due to the impact of market factors from some of the biggest assets in the market.

However, if you are a believer in the rise of democratizing data, and blockchain application in that goal, then JasmyCoin might be a buy for you, with its location in the tech-heavy and privacy-centric country of Japan, and the team’s professional connections to others in the technology sphere of that nation, it is certainly well placed.

MEXC: Best Place to Buy JasmyCoin Tokens in 2024

With JasmyCoin available on many exchanges it can sometimes be difficult to work out where to go to get ahold of this token. We, however, recommend the MEXC exchange as the best place to buy JasmyCoin.

Founded in 2018, MEXC services over 10 million users in more than 170 countries. It gives users access to over 1000 cryptos, all through a high-speed trading platform that was developed by banking industry professionals and provides traders will all the tools they need to plan and execute their strategy.

MEXC offers users a spot trading market—with highly attractive 0% trading fees—alongside margin and futures markets, with up to 100x leverage. In terms of security, MEXC boasts a 1:1 proof-of-reserves for the top assets.

Finally, with a mobile app, for Android and iOS, and the fact that it regularly posts over $1 billion in trading volume, traders who use the MEXC platform can be assured of enough liquidity to make their trades whenever they need to.

Conclusion

While JasmyCoin has been on a recent tear, and news events have people talking about it, that doesn’t make it one of the hottest cryptos to buy in 2024—even if it seems to be one of the hottest cryptos at the moment.

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