JasmyCoin gained over 9% on Monday,
Protocol announced that it is launching Metaverse 2.0 this month.
JASMY faced resistance at $0.01.
JasmyCoin JASMY/USD is a utility token of the Ethereum blockchain. Coin is native to the Jasmi platform. The blockchain network allows individuals to control their personal data in a “data locker”. They can then share it with entities that are willing to pay for it.
JasmyCoin was the talk of retail traders on Monday. The coin was up almost 10% in 24 hours. Trading volume had increased by over 220% in the same period. At the time of writing, JASMY was trading at $0.01. Nevertheless, the price is well below $1.25 when it started trading on February 10, 2021.
The benefits of JASMY are linked to an announcement made on June 29. Protocol said it was launching Metaverse 2.0 on July 15. The network said the launch includes two important updates. The first is Block Identities for People, and the second is Browse Jasmi Metaverse. Jasmi said that Metaverse will support DeFi and NFTs. It also includes GameFi, SocialFi, IoT, innovative eco-systems and new collaborative models.
JASMY got stuck at $0.01 resistance amid a 24-hour gain
Source – TradingView
Technically, JASMY is facing resistance at $0.01 after gains over the past 24 hours. The price is in overbought territory due to increased trading volume. However, the moving average joined support in line with the bullish move. JASMY may go down after facing resistance. We encourage investors to buy in the short term when the price returns to the moving average. JasmyCoin needs to clear $0.01 to move up to the next resistance level at $0.012.
Jasmi announced that it is launching Metaverse 2.0 on July 15. The coin is up 9% on Monday. The price has met resistance and may return.