By Sam A 
This token has been recently listed on the Global Exchange and over the last couple of months it has witnessed a 4. Its value has now declined by 03% and the price is currently at $ 0. 01806. Currently the 67th most popular cryptocurrency in the world by market capitalization, Jasmy Coin’s current value is $890,000. 18 million it is declining about the same as it was 24 hours ago. It is against this background that there is a need to analyse factors that may have an impact on JasmyCoin performance, and the implications this may have on investors.
Another feature which deserves attention in regard to JasmyCoin is that recently it has witnessed a sharp rise in trading volume. In the last one day trading volume has increased 44%. 11%, reaching approximately $57. 60 million. The volume to market to capitalization ratio is 6. 49%, which means, there is a lot of trading in the context of its market capitalization. This tends to show that there is high market activity or trading on the speculative side in the market and this normally leads to frequent fluctuations in the market prices. However, the increasing trading volum while stagnating with the price shows that the market may remain conservative or even bearish.
Available for trade in the market, there are 49 299 999 677 JASMY, which constitutes about 99% of the total amount of tokens issued in the amount of 50 billion JASMY. This situation may be reasoned with the fact that a high percentage of the total supplied tokens is in circulation; therefore, it is difficult to introduce more tokens into the market. This high percentage of circulating supply is favorable for price stability in the long run while posing the disadvantage of volatility which results from frequent fluctuations in the market demand or the behavior of investors.
JasmyCoin fully diluted market capitalization stands at $902. 82 million, is the potential market cap that we are referring to here if actually all 50 billion JASMY tokens are in circulation. Thus, the difference between the current state market cap and the fully diluted market cap can not be very large It can be stated that the possibility of further dilution is low because a large part of the tokens are already in circulation. Nevertheless, what is also cleared by aligning them, is the fact that any future variance in demand or market conditions will have a direct impact on the value of the token in question.
There could be various reasons as to why JasmyCoin’s value has plummeted in the recent past. Macro environment factors have an important bearing on the performance of crypto-assets including but not limited to the specific digital currencies. JasmyCoin is one of the mid-cap assets, and the cryptocurrency market which impacts this token is highly volatile. Volatility associated with the token may be attributed to fluctuations in relative investor perception, economy, or the occurrence of new regulations.
The project factors are also influential In this context. JasmyCoin is aspiring to become an instrument for decentralized data exchange and any progress, technological turbulence, or competition might affect the investor’s perception. It is also may signal their response to recent news or events, however, an increase in trading volume might hold promise for investors’, engagement with the token, despite the decline in the price.
This is the reason why circulating supply is higher to total supply and flowing in the market; it makes a quicker affect in the price of JASMY. Since the majority of the tokens are presently in circulation, changes in market status and investors’ behavior may impact token values significantly.
All in all, due to these indicators, JasmyCoin made the recent 4. 03% decline is therefore due to a number of factors that include the condition of market in general and on the specific projects. The circulation amount which is high, and the amount of trading volume may be influencing the value in the market rather than the demand. Its analysis shows that investors should thus follow the situation in the markets and the progress on the projects to operate in such conditions and evaluate the potential of JasmyCoin. Although the current bearish run is prominent, it can also be viewed as a chance with people who stick to the opinion that JasmyCoin’s DDMP will experience growth in demand as a decentralized data platform in the future.
Riya M