One growing concern among internet users in recent years has been their loss of control over their personal data. The development of the IoT sector promises to make this problem only worse. But blockchain technology can be a tool to help solve this problem, and companies that work to protect users' personal data in the IoT sphere are emerging in the market. One of them is Jasmy. In this article, we discuss the Jasmy platform and its native token JASMY and try to make a price prediction for the token.

What is JasmyCoin (JASMY)?

The Jasmy IoT platform is heralded as a tool that will return control of personal data to those to whom it belongs and enable efficient and secure management of that data.

Here, we are committed to creating a world where everyone can use their data freely while protecting its value. — Kunitake Ando, Representative Director of Jasmy.

The history of JasmyCoin

Jasmy was founded in April 2016 by former Sony employees Kunitake Ando, Kazumasa Sato and Masanobu Yoshida. In January 2020, Hiroshi Harada joined the team as CFO. Masanobu Yoshida left the team in December 2021.

Jasmy's white paper was published in English in 2020. In March 2022, its NFT prototype was presented.

JasmyCoin's features

The project's main goal is to create an ecosystem for the secure, trustless exchange of data between IoT devices and decentralised protocols. Ultimately, the company expects to create a global data marketplace where individuals and businesses can exchange IoT data securely and efficiently.

The Jasmy ecosystem consists of three basic components:

1. The Personal Data Locker (PDL) is a secure distributed storage for personal IoT device data. The user has full control over this data, including whom to share it with and to what extent.
2. The Secure Knowledge Communicator (SKC) performs user authentication functions and allows users to control their data and make it available for companies to use.
3. The Smart Guardian (SG) allows IoT devices to be easily and securely connected to a distributed network and enables interaction between the device and its owner.

Another one of Jasmy's products is Jasmy Secure PC, designed for remote workers. It provides a secure working environment and allows users to balance the confirmation of work progress with maintaining privacy.

JasmyCoin (JASMY) is an ERC-20 token that is the native token of the Jasmy network. It's used by service providers to pay fees to users who provide their personal data.

JasmyCoin (JASMY) price analysis

As of 28 September 2022, the JASMY token ranked 449th among cryptocurrencies by market capitalisation at $31,409,907.

JASMY price statistics (as of 28/09/22)

JASMY's price history

JasmyCoin is a relatively young cryptocurrency that began listing on major cryptocurrency exchanges in February 2021. Almost immediately, the price soared, reaching its all-time high. However, the price started declining very soon. In the early summer of 2021, the decline turned into a collapse, and between 30 March and 2 July, the token lost about 99% of its value.

The price then recovered to some point and reached a local high of $0.278 on 2 November 2021. The fall in price then resumed and is continuing up to now.

JASMY technical analysis

On 18 September, the price dropped below the strong support level of $0.0081, which was the all-time low, and continues to decline. Its MACD and moving averages indicate bearish sentiment, while its RSI fell slightly below the oversold level.

At the same time, the price is moving in a global downward wedge, which could indicate a possible future trend change. Whether this trend change will be a global reverse or become just a local correction will largely depend on the overall situation in the crypto market.

The nearest and only support level is the current all-time low. The nearest strong resistance level is $0.0081, and we have a chance to see a retest of this level relatively soon.

JasmyCoin (JASMY) price prediction 2022

If a new bullish trend starts in the crypto market, it's highly probable that JASMY's price will break the downward wedge upwards, after which it might break the resistance at $0.0081. If bearish sentiment continues, further price declines and new all-time lows are most likely.

JasmyCoin (JASMY) price prediction for 2022, 2023, 2025 and 2030

Although the JASMY token is a relatively young and little-known crypto, many popular price prediction services have not overlooked it.

Trading Beasts' JASMY coin price prediction for 2022, 2023,2025 and 2030

According to Trading Beasts' forecast, the price of the JASMY token will rise in the coming years. They predict the token will be worth $0.018 in December 2023, $0.021 in December 2024 and $0.027 in December 2025.

Wallet Investor's JASMY coin price prediction for 2022, 2023, 2025 and 2030

Wallet Investor predicts that JASMY's price will fall further despite the fluctuations. According to them, the average price will be $0.000613 at the end of 2022, $0.001078 at the end of 2023 and $0.000729 at the end of 2025. After 5 years, in July 2027, the token price will be $0.000528.

DigitalCoinPrice's JASMY coin price prediction for 2022, 2023, 2025 and 2030

DigitalCoinPrice disagrees with the JASMY price prediction made by WalletInvestor. They believe JASMY's price will rise to $0.0084 by the end of 2022, $0.0159 by the end of 2023, $0.0295 by the end of 2025 and $0.0941 by the end of 2030.

CoinCodex's JASMY coin price prediction for 2022, 2023, 2025 and 2030

CoinCodex predicts a further decline in JASMY's price in 2022. At the end of the year, they expect the price to be $0.00328. In 2023, the price will experience significant fluctuations and will rise to $0.01257 by the end of that year. In 2024, they believe the price will start falling again and will reach $0.00577 in April 2024.

PickACrypto's JASMY coin price prediction for 2022, 2023, 2025 and 2030

PickACrypto's forecast is extremely optimistic. According to them, the JASMY price will visit the $0.50-$2.00 range in 2022 and $2.50-$12.00 in 2023-2025.

Price Prediction's JASMY coin price prediction for 2022, 2023, 2025 and 2030

Price Prediction also expects the token's price to rise. According to their forecast, the average trading price of the token will be $0.008 in 2022, $0.011 in 2023, $0.024 in 2025 and $0.14 in 2030.

CryptoPredictions'JASMY coin price prediction for 2022, 2023, 2025 and 2030

CryptoPredictions' forecast is pretty optimistic, too. They predict the average price to reach $0.01852 by the end of 2022, $0.02152 by the end of 2023 and $0.02757 by the end of 2025.

JasmyCoin (JASMY) overall future value predictions

Is JASMY a good investment?

Jasmy is a rather ambitious project. A number of indicators speak in its favour:

• Huge potential of the IoT market
• Growing demand for privacy and security of personal data
• Experienced management staff
• Many partnerships, including those with large companies

However, there are several points that raise doubts about the prospect of the JasmyCoin token as an investment:

• The presence of powerful competitors, such as IOTA and IoTeX, which appeared earlier and have managed to gain much more recognition. 
• Jasmy concentrates its promotion efforts primarily on the Japanese market, which results in an additional lagging behind competitors in the global market.
• A fairly large proportion of the tokens have not yet been released into circulation. Their release will create additional pressure on the price.
• The prolonged and extremely severe drop in the token price has caused growing frustration on the part of investors, many of whom accuse the company of 'pulling the rug' on them.

The above considerations suggest that the JasmyCoin price hasn't hit bottom yet and that the token is a very risky investment, even for the crypto market.

How high can JasmyCoin go?

If the project continues to develop vigorously and makes a greater effort to promote itself on the global market, the next bull run could see the token price reach $0.06.

JASMY coin price prediction today

The token price continues to decline, but there is a notable possibility that it will retest the resistance level of $0.0081 in the near future.