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JasmyCoin

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JasmyCoin has emerged as the top 24-hour gainer among the leading 100 cryptocurrencies as investors discuss further bullish momentum on social platforms.
The native token of the Japanese company Jasmy Corporation, JasmyCoin (<a href="https://crypto.news/price/jasmycoin/" target="_blank" rel="noopener noreferrer nofollow">JASMY</a>), surged 7% in the past 24 hours and is trading at $0.032 at the time of writing. The asset’s market cap surpassed the $1.5 billion mark, making it the 53rd-largest digital currency at the reporting time.
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 JASMY price, RSI, social volume and exchange activity – July 28 | Source: <a href="https://app.santiment.net/charts/QtvC3tth__sCl" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>
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JASMY’s daily trading volume increased by 102%, reaching $224 million.&nbsp;
Notably, JasmyCoin <a href="https://crypto.news/jupiter-and-jasmycoin-lead-the-rally-top-crypto-gainers-and-losers-of-the-day/" target="_blank" rel="noopener noreferrer nofollow">emerged</a> as one of the top gainers on July 27 as the token’s price rallied by 12%.
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According to data provided by Santiment, the social activity around JasmyCoin has been consistently rising over the past five days when the asset was changing hands at $0.029 before taking a deep dive to the $0.025 mark. Data shows that the JASMY social volume increased by six times since July 23.
Per data from the market intelligence platform, the JASMY <a href="https://crypto.news/what-is-a-cex-a-beginners-guide-to-centralized-crypto-exchanges/" target="_blank" rel="noopener noreferrer nofollow">exchange</a> inflow surged from 65.4 million to 105.3 million tokens over the past 24 hours. This movement hints at potential short-term profit-taking as JasmyCoin briefly touched a local high of $0.033 yesterday, July 27.
The exchange inflow, however, registered a smaller surge than the amount of tokens leaving the exchanges. According to Santiment, 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 looking for potential profit-taking if the JASMY price rallies.
Data from Santiment shows that the JasmyCoin Relative Strength Index is currently sitting at 61. The indicator shows that the asset is slightly overbought at this price point and a price correction would be expected due to its high volatility.
Read more: <a href="https://crypto.news/ethereum-etfs-first-week-sees-net-outflows-triggered-by-grayscale-ethe/" rel="noopener noreferrer nofollow"> Ethereum ETFs see $341.8m net outflows in first week, triggered by Grayscale’s ETHE </a>

JasmyCoin emerges as top gainer amid increased social activity

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