JasmyCoin Price Prediction: JASMY Is Top Monthly Gainer Ahead Of PEPE And WIF With 335% Pump, But Traders Turn To This New AI Crypto That’s Blasted Past $1 Million

The JasmyCoin price pumped more than 335% over the past month to trade at $0.02161 as of 9:20 a.m.  EST as investors take a bet on the altcoin’s potential to post substantial returns.

JasmyCoin is the brainchild of the Tokyo-based Internet of Things (IoT) company Jasmy Corporation. The company launched the project with the aim of using distributed ledger technology as a lightning-quick data transfer layer for information passed between devices.

The 335% pump in the JASMY price made it the top performing crypto among the top 100 coins by market cap over the past 30 days, according to cryptobubbles.net, with Pepe (PEPE) coming in second and Dogwifhat (WIF) in third place.

The JasmyCoin Price Battling Resistance

4-hour chart for JASMY/USDT (Source: TradingView)

The JasmyCoin price has printed a series of higher highs and higher lows over the past couple of days, which has resulted in the formation of an ascending price channel. Currently, the altcoin is attempting to overcome the resistance level at $0.022897. This is a key level to watch as it is also confluent with the upper boundary of the bullish price channel. As such, the JasmyCoin price overcoming this barrier could lead to a parabolic move towards the upside.

This bullish thesis may be invalidated if JASMY fails to close a 4-hour candle above $0.022897 within the next 12 hours. In this alternative scenario, the crypto could be exposed to the risk of retesting the immediate support level at $0.018035 in the following 24 hours. Continued sell pressure at this point may then pull the JasmyCoin price down to $0.014838 with the potential to fall to as low as $0.012568 in the short term in an extremely bearish scenario.

Technicals Show Early Signs Of A Bullish Continuation For The JasmyCoin Price 

Technical indicators on JASMY’s 4-hour chart suggest the JasmyCoin price may continue rising in the coming 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bullish.

The RSI recently crossed above its Simple Moving Average (SMA) line. This specific technical occurrence is seen as a sign that buyers have gained the upper hand against sellers. Looking at the MACD line, it is currently positioned above its MACD Signal line as well, which indicates that the JasmyCoin price is in a positive trend.

However, the RSI has not broken away above the SMA line since the two technical indicators intersected in the past 24 hours. Therefore, bears still have an opportunity to reclaim the short-term advantage if buyers do not utilize their new-found strength to boost JASMY.

While the JasmyCoin price attempts to break another barrier, investors are rushing to Scotty the AI’s presale.

Scammers Beware

Scotty the AI is the latest dog-themed altcoin to enter the vibrant meme coin ecosystem. What sets the crypto apart from others in this subset of the crypto market is its powerful AI models and its high levels of utility.

With its sophisticated AI models, Scotty the AI is able to perform in-depth analysis on vast amounts of source code to sniff out any potential bugs and security vulnerabilities. If it detects anything, the AI will warn crypto holders transacting on the smart contracts in question about an issue in order to prevent any loss of funds.

WIth retail investors slowly re-entering the market and institutional investors starting to explore the maturing Web3 space, scammers and cyber criminals have ramped up their efforts to defraud crypto holders out of billions of dollars. Scotty the AI may be the glimmer of hope that the crypto community so desperately needs to ignite the move towards legitimizing the digital asset sector.

There are two AI products within the Scotty the AI ecosystem that investors can already take advantage of. The project’s flagship offering is Scotty Swap, which is an AI-powered decentralized exchange. Investors are able to transact on the platform with the peace of mind that their funds are secure, as AI models constantly analyze smart contract code during each transaction and flag any potential security threats. 

There is also an innovative AI chatbot called Scotty Chat, which investors can use to navigate the sometimes overwhelming Web3 realm.

Booming ICO

Investors are scrambling to buy Scotty the AI’s native token, SCOTTY, during its presale phase. Since its launch, the AI meme coin has raised almost $1.2 million through its ICO. There is, however, still time for investors to get in on the ground stages of this promising project.

💥Presale Update!💥

ScottyTheAi has raised $1.1M 🚀
Reaching another mile stone in early stages of presale.

Well on our way to closing out presale and heading for that $100M marketcap.

Congratulation to all the early #Scottydogs in presale 👏

Buy Now: https://t.co/zRmy4g8hfW pic.twitter.com/eNWsPBErbM

— Scotty The Ai (@ScottyThe_Ai) March 1, 2024

Selling for $0.0063, SCOTTY can be purchased using either Ether (ETH), Tether (USDT) or bank card. Binance Coin (BNB) and Polygon (MATIC) can also be used to buy the meme coin. 

SCOTTY can be purchased here.

Related Articles: