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Jasmy Сoin price prediction: Can JASMY bounce back?


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Jasmy has several high-profile joint projects that might affect its price prediction – Photo: Phongphan / Shutterstock.com

The Jasmy Coin (JASMY) has been unable to snap out of a downtrend that has weighed down the data management-focused cryptocurrency since 2021.

In 2022, the Jasmy Coin posted monthly losses in five months out of six in the first half of 2022. The token has lost over 88% year-to-date (ytd) and is growing ever more distant from its all-time high level of $4.99 hit in February 2021.

Behind the scenes, Jasmy has seen a number of collaborations with its industry peers. According to Jasmy’s whitepaper, the protocol has collaborated with Sony VAIO (6758) to develop high-security personal computers (PC) for use in financial institutions. Jasmy has also partnered with Toyota (7203) to build a platform to record tourist data which could be used for driverless cars in the future.

In this article, we will discuss the Jasmy platform and the Jasmy Coin. You will also come across information on Jasmy Coin’s founder profile, historical price performance and Jasmy Coin price predictions for 2022 and beyond from analysts.

Jasmy Coin (JASMY) price predictionJasmy: Decentralised data management services

Jasmy is a data management protocol that aims to “regain data sovereignty for each individual so that everyone can use their data safely and securely”.

Jasmy in its whitepaper said many companies hold customers’ personal data without proper data management systems to utilise data efficiently. Furthermore, security deficiencies make customer data vulnerable to information leakage and compliance violations, Jasmy added.

The protocol, which has its roots in Japan, seeks to restore each individual’s data ownership so that everyone can use their data safely. Jasmy has merged blockchain and internet of things (IoT) technologies to create a platform that enables users to store their data in personal “digital lockers”.

Secure Knowledge Communicator (SKC) is Jasmy’s core personal data locker service. Its main features include allowing users to store and manage their personal data on its platform. SKC has a functionality that allows companies to access and use personal data after obtaining permission from the individual.

Other services provided by Jasmy include a data management service for IoT devices called Smart Guardian and a decentralised personal computer data management service for companies to handle confidential information called Secure Enterprise Service.

With this blockchain-powered data management service Jasmy aims to help consumers protect their personal data as more smart devices become part of their homes. Jasmy also aims to help companies manage the flood of consumer data by providing safe and secure management systems that will allow companies to extract new value from available data in a responsible manner.

“Today, manufacturers from a wide variety of industries including home appliance, housing, energy suppliers and telecommunication companies, are accelerating their business to realise smart home services. Therefore, it is important to have rules and regulations in place for the protection and use of data on these network devices and their security, as well as related personal data,” Jasmy said in its whitepaper.

Jasmy is also developing a blockchain-based decentralised application for contact centres to help them use customer data efficiently and securely.

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Founders: Former Sony employees at the helm

Tokyo-based Jasmy Incorporated is the company behind the blockchain-based data management protocol Jasmy.

Kazumasa Sato is the president and chief operating officer (COO) of Jasmy Incorporated. Sato is a former chief executive of Sony Style.com Japan Inc.

Kunitake Ando, who was the former president and COO of multinational conglomerate Sony, is a representative director of Jasmy Incorporated.

Takashi Hagiwara is Jasmy’s head of software development. Hagiwara was the former deputy head of VAIO & mobile business group at Sony.

What is Jasmy Coin?

The Jasmy Coin is the native currency of the Jasmy protocol and is used as a medium of payment for network transactions. JASMY was built on the Ethereum network and operates as an ERC-20 token

According to its whitepaper, the uses of the JASMY token are :

  • Companies need to pay service fees in JASMY coins
  • Companies pay in JASMY coins to use personal information or other corporate information
  • Individuals are paid in JASMY coins for disclosing their personal information to enterprises 
  • JASMY tokens can be exchanged for equivalent goods or services on the platforms of Jasmy's co-operators

According to Jasmy’s whitepaper, 50 billion JASMY coins were issued initially. 30% of the issuance was allocated as rewards to individual users for allowing third parties to use their data. 

The rest of the allocation is as follows :

  • 13% was airdropped to institutional investors and foreign companies 
  • 18% was earmarked for developer program
  • 14% was allocated for business operating funds, return on investor relations, legal and tax consulting fees, commission fees
  • 20% was allocated for business financing including paying commissions, service charges and credit repayment
  • 5% was allocated for incentives 

“Jasmy’s related technologies and coin issuance plans have been preliminarily approved by Japanese authorities, including the Virtual Currency Exchange and the Financial Services Agency,” said Jasmy in its whitepaper.

Data from CoinMarketCap showed JASMY was the 389th largest cryptocurrency with a market capitalisation of $45.2m, as of 15 July 2022. JASMY’s circulating supply stands at 4.75 billion tokens while its max supply is 50 billion tokens, according to CoinMarketCap.

Price action : JASMY slumps after ATH

JASMY's price action has been very volatile since its inception. Based on the earliest available price data on a chart from 2021, JASMY token price spiked from $1.29 on 12 February to its all-time high (ATH) of $4.99 on 16 February 2021, a surge of more than 286%.

However, the price failed to maintain its momentum and fell over 64% from its peak in a week's time to $1.77. The token traded with high volaltily in the weeks that followed until it tumbled the price to $0.011 by 12 July 2021 as the bears took charge.

In the last quarter of 2021, the token saw a brief rally as its price spiked over 1000% in the period to hit $0.27 by 2 November 2021 helped by its listing on international crypto exchange Coinbase.

In 2022, JASMY has remained below the $0.09 mark since the start of the year. Data from Coinbase showed JASMY posted monthly losses in five months out of six in the first-half of 2022.

On 18 June 2022, JASMY hit an all-time low of $0.008124 as the token tumbled amid a wider crash in cryptocurrency prices.

As of 15 July 2022, JASMY remained 99.8% below its all-time high of $4.99, data from CoinMarketCap showed. The token has lost 88.9% year-to-date and is trading at $0.0095, as of 15 July 2022.

Jasmy Coin news: Collaborations with Sony VAIO and Toyota

  • Jasmy developed a high-security PC for Japan’s largest customer service centre, Transcomos. The call service application software based on blockchain and Jasmy’s SKC service of Jasmy helped 21,000 telephone operators work from home effectively during the COVID-19 period. 
  • Jasmy and Sony VAIO jointly developed high-security computers that will be used in banks and other financial institutions. 
  • Jasmy partnered with automobile company Toyota and travel service provider Witz to build a platform to record the tourist data for Hokkaido local autonomous region in Japan. The platform will be popularised in this region to realise Japan’s first commercial pilot of driverless vehicles and supporting facilities in the region, said Jasmy in its whitepaper.
  • Jasmy announced a collaboration with Ethereum-based metaverse-focused protocol MetaVisa in December 2021 to build a bridge to promote interoperability between blockchain ecosystems using non-fungible tokens (NFT).
  • Jasmy announced plans in January 2022 to promote its business outside Japan and establish an international presence in North America and Asia. According to Jasmy, it will establish a base in US and Asia to collaborate with companies in the blockchain and AI technology sector and to promote the JASMY Coin.
  • Jasmy announced a partnership with Hong Kong-based PC developer NEXSTGO in March 2022 to collaborate on  development and production of models equipped with Jasmy Secure PC concept.
  • Jasmy partnered with Mystiko.Network, a multi-chain privacy SDK, in April 2022 to enable authentication of users and devices without having to share private data to communication network intermediaries. 
  • Jasmy launched a fan token for Japanese football club Sagan Tosu in July 2022.

Jasmy Coin price prediction for 2022 and beyond

As of 15 July 2022, CoinCodex’s short-term Jasmy Coin coin price prediction indicated that the token’s value could rise 3% to $ 0.009798 by 20 July 2022.

However, CoinCodex’s one-month JASMY price prediction saw the token falling to $0.006454.

For the longer term, algorithm-based website Wallet Investor’s Jasmy Coin crypto price prediction expected the token to slump to an average price of $0.00151 by the end of 2022.

Wallet Investor’s Jasmy Coin price prediction for 2025 saw the token falling further to an average price of about $0.0007 by the end of 2025.

DigitalCoinPrice held a bullish view about JASMY’s price performance for the long term. According to its Jasmy Coin price prediction for 2030, DigitalCoinPrice expected the token to rise to an average price of $0.049 in 2030. 

However, DigitalCoinPrice did not expect JASMY to surpass its current all-time high of $4.99 in its long-term Jasmy Coin crypto price prediction.

Finally, GovCapital’s Jasmy Coin price prediction as of 15 July 2022 saw the token fall to $0 in a years’ time.

Note that analyst and algorithm-based JASMY price predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research. It’s essential to do your research and always remember your decision to trade depends on your attitude to risk, your expertise in the market, the spread of your portfolio, and how comfortable you feel about losing money. You should never trade more money than you can afford to lose.

FAQs

Is Jasmy Coin a good investment?

The Jasmy platform is a data management protocol that aims to “regain data sovereignty for each individual so that everyone can use their data safely and securely”. The JASMY token has a highly volatile price history. The token has lost over 88% of its value in 2022, as of 15 July 2022.

Always conduct your own due diligence and remember that your decision to trade or invest should depend on your risk tolerance, expertise in the market, portfolio size and investment goals.

Will Jasmy Coin go up?

Algorithm-based JASMY price predictions had a mixed view about JASMY’s future. Wallet Investor’s Jasmy Coin crypto price prediction expected the token to slump to an average price of $0.00151 by the end of 2022. However, DigitalCoinPrice expected the token to rise to an average price of $0.049 in 2030. 

Note that analyst and algorithm-based JASMY price predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research.

Should I invest in Jasmy Coin?

Always conduct your own due diligence and remember that your decision to trade or invest should depend on your risk tolerance, expertise in the market, portfolio size and investment goals. 

The JASMY token has a highly volatile price history. The token has lost over 88% of its value in 2022, as of 15 July 2022.

Further reading :

 

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