JASMY approaches the $0.01 mark, what is behind the 24% increase in 24 hours

According to the latest news, JASMY has increased by 24.29% in the past 24 hours, currently trading at $0.00944018, with a high of $0.01006285, just one step away from the psychological threshold of an integer. Meanwhile, the 24-hour trading volume reached $227 million, and market capitalization grew by $91.2 million to $467 million. This surge reflects the market’s renewed recognition of this IoT blockchain project.

Market Signals Behind Key Data

Critical Breakthrough of Psychological Threshold

JASMY reached a high of $0.01006285, breaking the important psychological level of $0.01. In the crypto market, such integer thresholds often serve as key support and resistance points in technical analysis. Once broken, they tend to attract more buying momentum, creating positive feedback. From a low of $0.00545329 to a high of $0.01006285, the 24-hour volatility exceeds 84%, fully demonstrating the rapid increase in market participation.

Synchronous Growth of Trading Volume and Market Cap

More notably, JASMY’s market cap increased by $91.2 million within 24 hours, with the growth rate roughly matching the price increase. This is not just a simple price fluctuation but accompanied by a rise in overall market recognition. The 24-hour trading volume of $227 million indicates that this rally involves genuine capital participation, rather than false breakouts under low liquidity.

Strong Mid-term Trend Performance

The 62.59% increase over 7 days indicates that this is not an isolated single-day anomaly but a sustained upward trend. Such continuous growth often signifies a genuine shift in market sentiment.

Project Fundamentals Support

JASMY is a Japanese company founded in 2016, dedicated to blockchain solutions in the Internet of Things (IoT) sector. The company is led by CEO Kunitake Ando, former President and COO of Sony, with a strong Sony background team. It has obtained international security certifications such as ISO/IEC 27001:2022, and its business covers blockchain IT service platform development and IoT device information solutions.

This background is relatively rare in crypto projects—combining backing from a major corporation with concrete application scenarios. With a market cap ranking of 98th and a circulating supply of 98.89% (49.44 billion tokens out of 50 billion), the token liquidity is relatively sufficient.

Short-term Risks Should Not Be Ignored

Although the upward momentum is strong, market volatility warrants caution. The retracement from the high of $0.01006285 to the low of $0.00545329 exceeds 46%, reflecting significant short-term fluctuations. This not only indicates increased market attention on JASMY but also suggests that profit-taking pressure could emerge at any time.

Summary

JASMY’s recent rise signals several key points: firstly, breaking psychological thresholds often triggers chain reactions; secondly, the synchronized growth of trading volume and market cap indicates genuine market recognition rather than false pumps; thirdly, the sustained upward trends over 7 and 30 days suggest that market sentiment is indeed improving in the short term.

However, whether it can hold above $0.01 and whether the market cap can continue to expand remain to be seen. The high short-term volatility also reminds investors to stay cautious. For holders, the key is to observe whether a valid breakout can be sustained; for followers, it’s necessary to wait for clearer confirmation signals.