With technological development, the concept of IoT (Internet of Things) spreads around the world. New projects appear that offer decentralized ways of storing and managing users' data. One of them is the Japanese blockchain platform Jasmy League, which offers complete control over personal information. Read our Jasmy token price prediction to see how profitable the asset can be in the future.
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JasmyCoin Fundamental Analysis
Jasmy League is a Japanese blockchain project that offers services providers in different industries to deploy their products to users on the Jasmy Platform. The project aims to decentralize the process of coordination of the devices that create IoT (Internet of Things). For this goal Jasmy stores the data on a decentralized storage network IPFS and also utilizes edge computing.
The network was launched on October 26, 2021, by the team of Japanese crypto enthusiasts Kunitake Ando, Kazumasa Sato, Masanobu Yoshida, and Hiroshi Harada.
Jasmy also strives to provide control of their data for each individual, and for this, the system integrates the Internet of Things with Blockchain technology. To provide data security during the development of IoT, Jasmy offers encryption depending on the hardware level of the machine and serves as the second layer of security protection.
The main priority of Jasmy is giving the users permanent control over their own data but at the same time after the users' approval, the companies can also use these data in multiple ways. Thus Jasmy aspires to create a democratic decision-making environment. The mentioned data also can be used by the projects, companies, and individuals to drive innovations.
Each user of the Jasmy platform owns a personal digital locker in the distributed storage where the personal files are stored within the P2P network. The platform also offers the SKC (Secure Knowledge Communicator) so the companies can create a personal locker that can be controlled and managed only by the user.
Thanks to the Smart Guardian feature anyone can easily and securely register a new IoT device on the network and have complete control over it.
Jasmy crypto is an Ethereum token that powers the ecosystem. The asset can be traded through exchanges, but it is also used as proof of a value exchange or a payment for the platform’s services. Jasmy crypto is also rewarded to the users who share their data with the platform in the form of Jasmy coins incentives. The company also works on implementing the staking option in the nearby future.
JasmyCoin Live Price Chart
As the crypto market went down, many investors started to express their concerns about the network’s growth and the actions of the Federal Reserve. It caused Jasmy's token price to shrink after the bullish run last spring.
On May 5, 2021, the coin’s price reached $2.1. Even though still being below the ATH level, it was the highest JASMY could reach since February. After this milestone, the token went for a price correction and was bouncing between $1.9 and $1.5 for the next 3 weeks.
In June the crypto market fell down and JASMY followed the overall tendency: its price decreased almost 30 times. At the beginning of the summer, the asset was traded for around $0.015. In July the price went up to $0.08 but came back to the level of $0.02 where it stayed for the next 3 months. Even the market recovery at the beginning of August didn’t cause the Jasmy crypto token to go up.
Only at the beginning of October did the token start to recover its price, and by the middle of the month it was already traded for $0.067. By the end of October JASMY’s value had reached $0.11 and continued to climb up. On November 2 the asset was traded for $0.27. After the price correction, it lost some of its value and stabilized around $0.22 till December, when it shrank to $0.07 and continued to go down steadily. At the end of February-beginning of March 2022, the token was traded for around $0.016-$0.018.
During the last week, Jasmy Coin increased its price by over 160% and for some analysts, it’s a sign of the upcoming price recovery. The others are more skeptical explaining it by the overall crypto trend that is starting to flip from bearish to bullish again. It is possible that after the further Jasmy price chart decline it might establish a more stable uptrend. Overall the Jasmy Coin's price prediction is positive and it is considered a good long-term (over 1 year) investment.