Jasmy Coin price: Cautiously optimistic as double-bottom forms

Jasmy Coin price held steady on Monday as cryptocurrencies continued consolidating. The token was trading at $0.0036 on Monday, where it has been at in the past few days. This price is a few points above last week's low of $0.0030.

Timeline of Jasmy

Jasmy Lab has partnered with Kana Labs to expand its Jasmy ecosystem and promote global growth. Kana Labs will provide the Account Abstraction SDK for JasmyCoin's cross-chain accessibility.

Jasmy has introduced its Layer 2 solution, Jasmy Chain, built on Ethereum blockchain, offering an efficient, cost-effective, and secure way for users to transact data, combining IoT and blockchain technologies for data storage and marketplace.

Jasmy crypto price drifted downwards during the weekend as the recent bullish momentum continued. The coin dropped to $0.0040 on Sunday, sharply lower than last week's high of $0.0041. In all, the coin is about 28% above the lowest level in June.

Renowned economist and Bitcoin supporter Henrik Zeberg has made predictions concerning the bullish course of cryptocurrencies for the remainder of the year. Zeberg believes that one particular Ethereum-based altcoin, Jasmy (JASMY), will reach new heights and has the potential to soar more than 100 times its present market value, stating that the overall cryptocurrency market is approaching a more optimistic phase, surpassing the previous bull market in 2021.

Closely followed economist and Bitcoin (BTC) bull Henrik Zeberg is calling for a mega bullish finish to this year for the crypto markets, and currently has his eye on one particular altcoin project based on Ethereum (ETH).

Jasmy price has done well in the past few days even as risks in the financial market rose. The token was trading at $0.0066, which was much higher than the March low of $0.0043. Focus now shifts to the upcoming Fed decision and the ongoing regional bank crisis.

Bitcoin price approached the key resistance level at $30,000 as the First Republic Bank (FRC) concerns continued. The BTC/USD pair surged to 29,800, which was higher than last week's low of 27,000. This rally has led to more upside for some other cryptocurrencies, including Tectonic (TONIC), Nest Protocol, Jasmy, and Suku.

The JasmyCoin (JASMY/USD) price has crawled back in the past few days as cryptocurrency prices stabilise. The highly popular coin has risen to $0.0093, which is slightly above this week's low of $0.0087. According to CoinGecko, it has a total market cap of over $44 million.