JasmyCoin has emerged as the top 24-hour gainer among the leading 100 cryptocurrencies, attracting significant attention from investors on social platforms.

The native token of the Japanese company Jasmy Corporation, JasmyCoin, surged 7% in the past 24 hours and is trading at $0.032 at the time of writing. The asset’s market cap has surpassed the $1.5 billion mark, positioning it as the 53rd-largest digital currency.

JasmyCoin’s daily trading volume has increased by 102%, reaching $224 million. Notably, JasmyCoin was one of the top gainers on July 27, with its price rallying by 12%.

According to data, the social activity around JasmyCoin has been consistently rising over the past five days when the asset was changing hands at $0.029 before dipping to $0.025.

The JASMY social volume has increased sixfold since July 23. Data from market intelligence platforms indicate that the JASMY exchange inflow surged from 65.4 million to 105.3 million tokens over the past 24 hours. This movement suggests potential short-term profit-taking as JasmyCoin briefly touched a local high of $0.033 on July 27.

However, the exchange inflow registered a smaller surge than the number of tokens leaving the exchanges. The JasmyCoin exchange inflow rose from 58.2 million to 86.6 million coins in the past 24 hours.

At this point, more investors are considering potential profit-taking if the JASMY price continues to rally. Data shows that the JasmyCoin Relative Strength Index (RSI) is currently at 61. This indicator suggests that the asset is slightly overbought at this price point, and a price correction could be expected due to its high volatility.

For more updates on JasmyCoin and other cryptocurrency news, keep exploring Global Crypto News.

Post Views: 3