Convergence

JasmyCoin

Strong

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/henrik-zeberg-predicts-a-strong-rise-for-jasmycoin-amid-weakening-us-dollar/" data-wpel-link="internal">Henrik Zeberg Predicts a Strong Rise for JasmyCoin Amid Weakening US Dollar</a><br></p>
<p style="text-align: justify">Famous economist Henrik Zeberg predicts that the weakening US dollar will ignite a rise in cryptocurrencies. According to Zeberg, low bond yields and a decline in the US dollar index (DXY) will create an ideal environment for cryptocurrencies. The economist specifically pointed out JasmyCoin (JASMY) as the <a href="https://en.coin-turk.com/global-crypto-market-contracts-top-altcoins-grab-investor-attention-amid-turbulence/" data-wpel-link="internal">altcoin</a> he expects to rise.</p> 
<h2 style="text-align: justify" id="strong-jasmycoin-jasmy-expected-to-see-strong-growth-strong"><strong>JasmyCoin (JASMY) Expected to See Strong Growth</strong></h2> 
<p style="text-align: justify">Zeberg is particularly bullish on JasmyCoin, a blockchain project focused on personal data storage, and its main network asset JASMY. He believes the decline in DXY and bond yields will pave the way for JASMY’s next rise and potentially bring significant gains.</p> 
<p style="text-align: justify">Using Elliott Wave Theory, Zeberg predicts a five-wave rise for JASMY, noting that the current phase likely corresponds to the third wave. He emphasized that technical indicators like the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) on the daily chart indicate a reversal of the downtrend and a shift to an upward trend.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-348168" src="https://coin-turk.com/wp-content/uploads/2024/05/Altcoin-JasmyCoin.png" alt="" width="1835" height="883"></p> 
<p style="text-align: justify">Zeberg highlighted significant upward potential in JASMY’s <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> and drew parallels with previous price rises. While encouraging <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a> to consider joining the rally, he expressed confidence in the altcoin’s upward trajectory. The analyst expects JASMY to rise up to $1.28.</p> 
<p style="text-align: justify">Currently, JASMY is trading at $0.02, and recent data shows a notable rise in the altcoin’s price over the last 24 hours.</p> 
<h2 style="text-align: justify" id="strong-zeberg-also-comments-on-bitcoin-strong"><strong>Zeberg Also Comments on Bitcoin</strong></h2> 
<p style="text-align: justify">On the other hand, Zeberg also commented on Bitcoin (BTC), the largest cryptocurrency. The economist predicted a “melting” phase when the RSI exceeds the 70 level on a monthly time frame. Zeberg expects a target price range of $110,000 to $115,000 for Bitcoin, emphasizing the need for a significant pause after a potential peak breakout.</p> 
<p style="text-align: justify"><strong>BTC</strong>, at the time this article was prepared, has risen 2.25% in the last 24 hours, pricing just above the $65,000 threshold at $65,143.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/henrik-zeberg-predicts-a-strong-rise-for-jasmycoin-amid-weakening-us-dollar/" data-wpel-link="internal">Henrik Zeberg Predicts a Strong Rise for JasmyCoin Amid Weakening US Dollar</a></h5>

Henrik Zeberg Predicts a Strong Rise for JasmyCoin Amid Weakening US Dollar

Table of Contents

COINTURK NEWS

Other articles published on May 6, 2024

Bitgert (BRISE) Coin Price Predicted to Skyrocket: Unmissable Crypto Opportunity Ahead

Sui Foundation Addresses Concerns Over Token Supply Distribution

Vinayak Bhat Takes Charge as Head of APAC at State Street’s CRD, Boosting Crypto Coin Market (CCM)

Crypto Analyst Nets 290 SOL as Solana Prices Climb

Ethereum (ETH) Whale Sales Surge: Are Whales Giving up on It? Ethereum (ETH)

Massive Rumor: Hong Kong’s Bitcoin ETFs May Open To Mainland Chinese

Join our free newsletter for daily crypto updates!