- JASMY has gained rapid popularity across the world in a short time.
- Analyst notices that JASMY reserves on crypto exchanges are at an ATH.
- If JASMY continues to be bought rapidly, a huge JASMY supply shock will occur.
As Bitcoin (BTC) staggers to break out of its steady sideways movement, many altcoins are showing signs of massive price spikes in the coming golden bull run phase. Likewise, TON, VET, XRP, and JASMY show bullish signs for upward reversal.
In particular, JasmyCoin’s JASMY experiences highly bullish sentiment from the crypto community. Titled the ‘Bitcoin of Japan’, JASMY has made many bullish strides to work its way back up to its previous ATH of almost $5.
Recently, Sony announced the launch of its crypto exchange in Japan. Many speculate this move to be the trigger for a JASMY price spike. This is because JASMY, the Bitcoin of Japan, will likely benefit from any crypto adoption moves made in the country of Japan.
Japan has made many bullish strides that have caused the JASMY price to spike before. For instance when Japan announced the integration of the My Number Card onto iPhones, JASMY price pumped as this collaboration meant JASMY technology will make it onto Apple products.
Other Japan collaborations such as meeting with the EU also brought attention to JASMY. This is because the technology used in the EUID Wallet is similar to that of the JASMY technology used for the My Number Card.
It looks like JASMY is gaining global attention since the start of this year. So much so that one crypto analyst and JASMY enthusiast made a very important observation. In detail, he noticed that Jasmy coin exchange reserves have dropped on exchanges since October 2022.
To highlight this drop in reserves went from 23 billion to 14.6 billion at the moment. This shows that more users have been buying and holding JASMY off of exchanges showing immense popularity and high expectations for the asset.
In the eyes of this analyst, if this JASMY adoption and significant outflows continues to grow, then JASMY will experience a huge supply shock. In turn, this would raise the price of the token by exceptional numbers that could lead to the expected $17 JASMY price as the JASMY team foresees.
Read Also
The post $17 JASMY Price Might Arrive Sooner Than Expected as JasmyCoin Heads Towards an Epic Supply Shock appeared first on Crypto News Land.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed