VOLATILITY has continued for many cryptocurrencies, including JasmyCoin this year – but some may be wondering where the price will end.
In the past 24 hours, JasmyCoin has fallen 1% to $0.01739, according to CoinMarketCap.
Year-to-date, the cryptocurrency is down 80%.
Overall, many cryptocurrencies are down this year, including Bitcoin, as inflation and the Russian-Ukrainian war spooked investors.
Volatility is just one of the risks associated with investing in cryptocurrencies.
Another risk is the complexity that could come with cryptocurrencies, so you shouldn’t invest in anything you don’t understand.
To avoid this, be sure to read company white papers, news stories, and other related information before buying.
What is JasmyCoin?
Japanese company Jasmy Corp, an Internet of Things (IoT) provider, operates JasmyCoin.
In particular, Jasmy’s business model is about buying and selling data.
Jasmy is led by former Sony executives including Kunitake Ando and Kazumasa Sato.
According to the company’s RoadMap, this allows JasmyCoin holders to use personal data on Jasmy’s platform.
Under the Jasmy platform, the data belongs only to the user and the latter can decide on its use, unlike the service provider.
Meanwhile, service providers can send rewards to users in exchange for their personal data.
Jasmy hopes this will create a market and increase the value of her coin.
“As the number of service providers grows, services will grow and the value of data will grow in a multiplier fashion through the addition and combination of data,” Jasmy wrote.
Additionally, Jasmy aims to provide a marketplace that securely exchanges data.
Given recent volatility, it’s hard to predict where cryptocurrencies, including JasmyCoin, will end up.
However, coin prediction websites including Wallet Investor have provided price predictions for JasmyCoin.
For example, Wallet Investor predicts that the price will rise to $0.0424 per year from now. In five years, he sees prices jump to $0.131.
Meanwhile, DigitalCoinPrice expects the price of JasmyCoin to be worth only $0.0222 on average in 2022.
In 2027, he expects the price average to reach $0.0392.
To reach $0.10, JamsyCoin would need to jump 475% from its current trading levels.
For more information on cryptocurrencies, we explain whether or not governments can ban them.
We made price predictions on Tezos, Bitcoin, Ethereum, Dogecoin, Shiba Inu and Sandbox.
Additionally, a crypto scam recently involved a user losing $300,000 worth of Bitcoin after thinking she had found love on a dating app.
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