JasmyCoin (JASMY) has recently made a significant impact in the cryptocurrency market, emerging as one of the top gainers. Priced at $0.02709, JASMY has experienced an impressive 11.30% increase in just one day. This surge has captured the attention of investors and traders, highlighting JasmyCoin's potential in the competitive crypto landscape.
JasmyCoin (JASMY), a cryptocurrency designed to facilitate secure data exchange, has recently experienced a significant surge in value, emerging as one of the top gainers in the cryptocurrency market. Priced at $0.02709 at the time of writing, JASMY has seen an impressive 11.30% increase in just one day. This rapid price appreciation has attracted the attention of investors and traders, highlighting JasmyCoin’s potential in the competitive crypto landscape.
With a market capitalization of $1,335,771,094, JasmyCoin ranks #60 among cryptocurrencies. This substantial market cap reflects strong investor confidence and significant capital inflows into JASMY. The trading volume over the past 24 hours has also seen a remarkable increase, rising by 73.74% to reach $121,300,595. This surge in trading volume indicates heightened market activity and interest in JASMY, contributing to its recent price appreciation.
The volume-to-market cap ratio for JasmyCoin stands at 9.11%. This ratio offers insight into the liquidity and trading activity of the cryptocurrency relative to its market cap. A ratio of 9.11% suggests robust trading activity, indicating that JASMY is actively traded in the market.
Analyzing the supply metrics, JasmyCoin has a circulating supply of 49,299,999,677 tokens, representing 98.60% of its total supply of 50,000,000,000 tokens. The total and maximum supply are both capped at 50,000,000,000 JASMY. The high percentage of tokens already in circulation implies a relatively stable supply situation, which can positively impact the token’s price dynamics.
Several factors contribute to the recent surge in JasmyCoin’s price. One key aspect is the growing interest in data privacy and decentralized data management solutions. JasmyCoin aims to provide a platform for secure data exchange, leveraging blockchain technology to ensure privacy and security. This innovative approach has attracted a significant user base and increased adoption of the platform.
From an investment perspective, the 11.30% price increase in just one day presents substantial short-term gains for investors. Such rapid appreciation makes JASMY an attractive asset for those seeking quick profits. However, potential investors should remain cautious of the inherent volatility in the cryptocurrency market. While the current trend is positive, market conditions can change swiftly, impacting the value of JASMY.
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