Crypto Analyst Identifies Mid-Cap Altcoin Set To Surge 1,100%
Crypto analyst Javon Marks has identified a mid-cap altcoin that can potentially make significant gains in this bull run. Based on his analysis, a 1,100% price surge is already in the works for this altcoin.
JASMY To Surge By Over 1,100%
Marks predicted in an X (formerly Twitter) post that JASMY will surge by over 1,100% soon enough. The analyst was confident about the altcoin enjoying such a price rally, noting how every pullback for JASMY since its breakout has supported further bullish movement for the token. He also noted how JASMY has continued to hold a bull pattern at its current price levels.
In line with this, Marks stated that a significant continuation of this bullish movement with a potential 1,110% upside to reach the price target of $0.2785 is already on the horizon. JASMY has already come a long way in this market cycle, and the analyst highlighted that, noting how the altcoin was at some point 7,350% away from this price target of $0.2785.
JASMY is one of the best-performing assets among the top 100 crypto tokens by market cap, with a year-to-date (YTD) gain of over 220%. Commonly referred to as Japans Bitcoin, JASMY has benefitted from the artificial intelligence (AI) hype, which is one of the leading narratives in this market cycle. JASMY is the utility coin of Tokyo-based Jasmy Corporation, which provides secure data transactions and storage for IoT devices.
JASMY has also witnessed impressive growth thanks to some bullish fundamentals since the start of the year, including the launch of JANCTION AI, a layer-2 network designed to host decentralized AI applications. Meanwhile, there were earlier rumors that JASMY had secured a partnership with Apple to help integrate Japans My Number Card system into iPhones in the country.
Altcoin Under The Spotlight
Besides Marks, JASMY has caught the attention of other crypto analysts like Altcoin Sherpa. Altcoin Sherpa once mentioned it as one of the altcoins to keep an eye on, stating how the coin was extremely strong as it didnt budge following the pullbacks that the crypto market experienced.
Altcoin Sherpa also suggested that JASMY could rise to $0.067, although he didnt state when exactly this would happen. Crypto analyst AltCryptoTalk also recently analyzed the altcoin and stated that the bulls should kick in soon as JASMY holds above $0.0125.
These bulls already look to have taken an interest in the altcoins, with crypto analyst Steph stating that JASMYs current weekly candle looks extremely bullish and indicates a huge buying pressure for the crypto token.
According to CoinMarketCap data, JASMY is trading at around $0.0214 at the time of writing, down over 2% in the last 24 hours.
Read more: https://www.newsbtc.com/altcoin/mid-cap-altcoin-surge-1100/
Text source: NewsBTC
