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The JasmyCoin price slid 5% in the last 24 hours to trade at $0.031 as of 4 a.m. EST on trading volume that slumped 18% to $166.9 million.
The project recently announced a new campaign on DeGate, a DEX powered by ZK rollups, for JasmyCoin holders.
According to the decentralized exchange’s post, the campaign revolves around an airdrop where those who hold JASMY in their DeGate balance could earn USDC, with an annual return of up to 1,100%.
Exciting news! 🎉
A campaign has launched on #DeGate, the DEX powered by Zero Knowledge rollup, for #Jasmy holders! 🚀
Dive into the details now👇@JanctionMGT @HARA_JasmyCFO $Jasmy @DeGateDex https://t.co/SLVaaeSjdC
— Jasmy-MGT (@JasmyMGT) June 14, 2024
While exciting news for the project and its token holders, JASMY’s price saw only a brief surge before correcting 13% on a weekly basis.
For now, the token’s price has seemingly found a strong and stable support at $0.030, although it does not seem to have the strength to bounce back up. Even so, a solid market-wide surge could potentially turn the situation around for JASMY.
JasmyCoin Price Prediction
JasmyCoin has seen a sharp price drop between June 17 and today, June 20. However, sharp corrections are typically followed by new surges as the price bounces back up, especially during the bullish periods.
While JASMY could see a price increase over the next several hours and possibly even days, multiple technical indicators suggest that its recovery is likely to be quite mild, if it comes at all.
For example, the token’s Bollinger bands have narrowed quite strongly over the last 12 hours, getting closer together than at any other point during the last several days. This is a bearish signal that does not suggest a strong upcoming recovery.
The token’s Relative Strength Index (RSI) value dropped to the oversold zone about 24 hours ago, and since then, it has returned to the neutral zone and even went up close to the overbought area, while the price saw a very mild recovery, as can be seen on the chart above.
With the RSI so close to the overbought zone and the price barely reacting to this performance, it is reasonable to assume that now rapid surges should be expected in JASMY’s short-term future.
As mentioned, a wider market surge could allow the token to bypass its own limitations and start behaving in a more bullish way, assuming that such a surge will take place. However, the crypto market is seeing very mild fluctuations that are typical for an early summer and is likely to remain relatively dormant over the next few months, which is supported by historical data.
For JASMY, this likely means that the token will remain between a support at $0.030 and a resistance at $0.033, although this could still be changed by potential fundamental factors.
A Promising Alternative to JasmyCoin
While JasmyCoin seems to have hit a rough patch lately, there are much more promising alternatives for investors looking for good opportunities. One example is PlayDoge (PLAY), a popular new meme coin with a mobile P2E game that’s raised over $4.8 million in a little more than three weeks.
PlayDoge brings the iconic Doge meme to life as a Tamagotchi-style virtual pet. Older readers will remember that Tamagotchi is a popular toy from the ‘90s, which conquered the world in record time.
The PlayDoge game allows users to get their own 2D digital pet inspired by the Doge meme. They have to regularly feed it, play with it, and train it, and in return their pet would let them complete mini-games and earn PLAY tokens as a reward.
In other words, the project combines gaming, meme coins, and the Play-To-Earn (P2E) model. All three have seen surges in popularity in recent years, and that’s expected to continue over the next decade.
New High Score ✅
We’ve just blasted through $4.5M in the $PLAY #Presale! 🚀
Get your hands on some $PLAY at this price while you can. 🤩
The next price increase is coming very soon!⏳🔥
BUY NOW – Link in Bio!#PlayDoge #MemeCoin #P2E #BNB #ETH pic.twitter.com/2Xx72kB8kG
— PlayDoge (@PlayDogeGame) June 17, 2024
Many experts are excited about the token’s potential, including YouTube channel Cryptonews, which speculated that this could be a 100X project.
The PLAY token currently sells for only $0.00511. If you want to join, buy before a price hike in less than three days.
Buy PLAY tokens on the official website here with ETH, USDT, BNB, or a credit/debit card.
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PlayDoge (PLAY) – Newest Launch On BNB Chain
- 2D Virtual Doge Pet
- Play To Earn Meme Coin Fusion
- Staking & In-Game Token Rewards
- SolidProof Audited – playdoge.io
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