🌎 JasmyCoin Surges 26% as Mollars Gains Investor Interest

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JasmyCoin is capturing investor interest with its innovative use case and impressive performance, while new contenders like Mollars are also attracting attention with their potential.

In the past 24 hours, the crypto market has experienced notable gains. Interestingly, it’s not just memecoins and the usual altcoins seeing growth. JasmyCoin, often referred to as Japan’s Bitcoin, has been gaining attention with its unique use case and intriguing market statistics.

Although not currently at its peak, JasmyCoin surged by 26% in the past day, reaching $0.028. However, it has since adjusted to $0.02542 at the time of writing.

The daily trading volume of JASMY increased by 600% over the past few days, reaching $422 million. This significant jump caused the asset’s market cap to rise to $1.4 billion, positioning it as the 72nd-largest crypto at the time of reporting.

Launched in 2021, JasmyCoin has seen notable growth in the past year. This raises questions among crypto enthusiasts: what is Jasmy, and why is it gaining traction?

Founded in Japan, Jasmy aims to democratize data. The crypto focuses on developing solutions that enable users to control the data sent back to companies via IoT (Internet of Things) technology.

JASMY addresses modern data management needs by integrating blockchain technology with IoT. In simple terms, IoT allows devices to connect to a central ‘cloud’ where all data is managed. For example, a car reporting data back to a central cloud for analysis and feedback is an example of IoT.

Sometimes this information is private or used for commercial purposes. Therefore, JasmyCoin could potentially allow users to earn money from companies that use their IoT data for profit.

The actual JASMY coin is used to pay block miners and could also be a tool to compensate people for their information in the future. It’s also a coin in which traders can invest to benefit from daily volatility.

JASMY has shown significant performance over the past year. Japan’s Bitcoin is up over 445% since this time last year. In the past month alone, JASMY has risen by 40.5%, with a significant portion of that increase occurring in the last week. The approval of the Ethereum Spot ETF pushed the data management coin’s price up by 30%.

Currently, the coin is selling for $0.02542. JasmyCoin has surged from last year’s value of $0.00474, effectively increasing its price.

As memecoin enthusiasts look toward interesting coins such as JASMY to boost their portfolio profits, there’s another altcoin pulling investors from Jasmy and other alts. Mollars token, an emerging market contender, had its presale erupt this weekend, selling nearly 110k tokens in under 48 hours. Unsurprisingly, Jasmycoin investors are part of the group buying into the presale.

The strong sales growth suggests that Mollars could be the next JASMY. Interestingly, over the past 30 days, the “Mollars” keyword term has outperformed “Jasmy coin.” Twice, search inquiries for the new store-of-value token have surpassed those of the Japanese data management coin.

Mollars token is still in its presale stage, which means that rivaling the search volume of an already established crypto coin with a $1.27 billion market cap is an achievement.

Moreover, three crypto exchanges, LBank, Bitmart, and XT, have announced that they will be listing the Mollars token after the ICO closes on June 1, with additional listings expected closer to the launch date. With a current presale price of $0.55, experts predict that Mollars could grow in value by 44X or +4,400% in a relatively short time.

As JasmyCoin continues to gain traction, new contenders like Mollars are also capturing investor attention with promising potential. The evolving market landscape suggests that exciting times are ahead for both established and emerging cryptocurrencies.