JasmyCoin

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<ul>
 <li>JASMY has gained rapid popularity across the world in a short time.&nbsp;</li>
 <li>Analyst notices that JASMY reserves on crypto exchanges are at an ATH.</li>
 <li>If JASMY continues to be bought rapidly, a huge JASMY supply shock will occur.</li>
</ul>
<p>As Bitcoin (BTC) staggers to break out of its steady sideways movement, many altcoins are showing signs of massive price spikes in the coming golden bull run phase. Likewise, TON, VET, XRP, and JASMY show bullish signs for upward reversal.</p>
<p>In particular, <a href="https://jasmy.global/" target="_blank" rel="noopener noreferrer nofollow">JasmyCoin</a>’s JASMY experiences highly bullish sentiment from the crypto community. Titled the ‘Bitcoin of Japan’, JASMY has made many bullish strides to work its way back up to its previous ATH of almost $5.&nbsp;</p>
<p>Recently, Sony announced the launch of its crypto exchange in Japan. Many speculate this move to be the <a href="https://cryptonewsland.com/jasmys-17-bullish-spike-could-trigger-once-sonys-crypto-exchange-launches-in-japan/" target="_blank" rel="noopener noreferrer nofollow">trigger for a JASMY price spike</a>. This is because JASMY, the Bitcoin of Japan, will likely benefit from any crypto adoption moves made in the country of Japan.&nbsp;</p>
<p>Japan has made many bullish strides that have caused the JASMY price to spike before. For instance when Japan announced the integration of the My Number Card onto iPhones, JASMY price pumped as this collaboration meant JASMY technology will make it onto Apple products.&nbsp;</p>
<p>Other Japan collaborations such as meeting with the EU also brought attention to JASMY. This is because the technology used in the <a href="https://digital-strategy.ec.europa.eu/en/policies/eudi-wallet-implementation" target="_blank" rel="noopener noreferrer nofollow">EUID Wallet</a> is similar to that of the JASMY technology used for the My Number Card.</p>
<p>It looks like JASMY is gaining global attention since the start of this year. So much so that one crypto analyst and JASMY enthusiast made a very important observation. In detail, he noticed that Jasmy coin exchange reserves have dropped on exchanges since October 2022.</p>
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   <p lang="en" dir="ltr">Since October 2022, the <a href="https://twitter.com/hashtag/jasmy?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#jasmy</a> coin exchange reserves have dropped on exchanges from 23B to 14.6B as of right now. <br><br>This is a significant outflow. If this trend continues, we could see a huge supply shock! <a href="https://t.co/MWES1D7ogZ" rel="noopener noreferrer nofollow">pic.twitter.com/MWES1D7ogZ</a></p>— STEPH IS CRYPTO (@Steph_iscrypto) <a href="https://twitter.com/Steph_iscrypto/status/1808161206039109983?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 2, 2024</a>
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<p>To highlight this drop in reserves went from 23 billion to 14.6 billion at the moment. This shows that more users have been buying and holding JASMY off of exchanges showing immense popularity and high expectations for the asset.&nbsp;</p>
<p>In the eyes of this analyst, if this JASMY adoption and significant outflows continues to grow, then JASMY will experience a huge supply shock. In turn, this would raise the price of the token by exceptional numbers that could lead to the <a href="https://cryptonewsland.com/jasmy-will-hit-17-according-to-jasmycoin-cfo-and-ceo-an-expectation-for-when-jasmy-hits-107-million-users/" target="_blank" rel="noopener noreferrer nofollow">expected $17 JASMY price</a> as the JASMY team foresees.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/will-jasmy-surpass-the-1-mark-in-2024-insights-into-jasmycoins-future-growth/" rel="noopener noreferrer nofollow">Will JASMY Surpass the $1 Mark in 2024? Insights into JasmyCoin’s Future Growth</a></li>
 <li><a href="https://cryptonewsland.com/jasmycoin-jasmy-skyrockets-apple-partnership-speculation-sparks-1-price-target/" rel="noopener noreferrer nofollow">JasmyCoin (JASMY) Skyrockets: Apple Partnership Speculation Sparks $1 Price Target</a></li>
 <li><a href="https://cryptonewsland.com/jasmy-will-hit-17-according-to-jasmycoin-cfo-and-ceo-an-expectation-for-when-jasmy-hits-107-million-users/" rel="noopener noreferrer nofollow">JASMY Will Hit $17 According to JasmyCoin CFO and CEO, an Expectation for when JASMY Hits 107 Million Users</a></li>
 <li><a href="https://cryptonewsland.com/bullish-jasmy-sentiment-accelerates-jasmycoins-price-trajectory-to-hit-1-5-soon-will-jasmy-surpass-10/" rel="noopener noreferrer nofollow">Bullish JASMY Sentiment Accelerates JasmyCoin’s Price Trajectory to Hit $1-$5 Soon, Will JASMY Surpass $10?</a></li>
 <li><a href="https://cryptonewsland.com/208-million-jasmy-bought-off-binance-and-moved-to-cold-storage/" rel="noopener noreferrer nofollow">208 Million JASMY Bought off Binance and Moved to Cold Storage Signaling Extremely Bullish Sentiment for the Bitcoin of Japan</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/17-jasmy-price-might-arrive-soon-as-jasmycoin-heads-towards-big-supply-shock/" rel="noopener noreferrer nofollow">$17 JASMY Price Might Arrive Sooner Than Expected as JasmyCoin Heads Towards an Epic Supply Shock</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

$17 JASMY Price Might Arrive Sooner Than Expected as JasmyCoin Heads Towards an Epic Supply Shock

Crypto News Land

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