Crypto Analyst Backs JasmyCoin to $0.029 as Bitcoin Minetrix Receives 10x Forecast

The post Crypto Analyst Backs JasmyCoin to $0.029 as Bitcoin Minetrix Receives 10x Forecast appeared first on Coinpedia Fintech News

JasmyCoin (JASMY) has seen an impressive surge over the past week, climbing 110% to $0.015.

One prominent analyst on Twitter believes JASMY will continue soaring and reach $0.029 in the near term.

While JASMY looks primed for more upside, new presale coin Bitcoin Minetrix (BTCMTX) could offer even greater price potential, with forecasts predicting up to 10x returns for early investors.

JASMY Price Surges as Japan Welcomes Crypto Investment

JasmyCoin has been one of the most talked-about cryptocurrencies in the past week, with its price surging to a 52-week high of $0.0188 on Thursday.

After Thursday’s high, JASMY saw a brief dip before reaching $0.0180 again on Saturday.

Since Saturday’s peak, JASMY has pulled back by 16% as some investors likely opt to take profits.

This bull run aligns with Japan’s recent shift towards a more Web3-friendly environment, including regulations that allow Japanese VCs to hold crypto assets.

As a Japan-based project and utility token, JASMY stands to benefit significantly from more favorable regulations in its home country.

The new rules essentially classify crypto as an investment asset for VCs, paving the way for wider mainstream adoption.

With the ideal conditions for growth now in place, JasmyCoin seems primed to capitalize on its vision of revolutionizing data management through blockchain technology.

Bullish Analysts Spot Chart Patterns That Signal 90%+ Upside for JasmyCoin

Prominent crypto analyst Dr.Jasmy! recently posted a bullish chart pattern for JASMY on Twitter, predicting further upside for the token.

He highlighted a “bull pennant” chart pattern on the 4-hour timeframe, suggesting further gains are likely.

Dr Jasmy’s technical analysis points to a price target of $0.0290 if JASMY breaks out to the upside.

Fellow Twitter analyst The Candle Wick also spotted a descending wedge for JASMY on the 1-hour chart – another bullish pattern signaling further upside.

Descending wedges often mark the reversal of a prior pullback, so JASMY may be bottoming out before its next leg higher.

With analysts identifying multiple bullish chart patterns, sentiment for JASMY remains optimistic despite the recent correction.

JASMY has dropped to $0.0151, yet if Dr.Jasmy’s prediction plays out, holders stand to gain over 90% from current levels.

However, traders are also monitoring JASMY’s spot trading volumes, which have dropped 58% since yesterday – hinting that retail interest may be waning.

Does Bitcoin Minetrix Offer a Bigger Opportunity than JasmyCoin Through Stake-to-Mine Model?

While analysts believe JASMY will continue rising, a newer token could present an even more compelling opportunity.

That token is Bitcoin Minetrix, which aims to make cloud mining accessible through an innovative staking model called “Stake-to-Mine.”

Using Stake-to-Mine, regular crypto investors can mine Bitcoin without needing expensive equipment or financial resources for electricity costs.

Moreover, the entire process is decentralized, removing the risk of using third-party platforms.

Alongside the Stake-to-Mine innovation, Bitcoin Minetrix also features a staking protocol for BTCMTX, which offers yields of 59% per year.

As a result, Bitcoin Minetrix users have two ways to generate passive income – through cloud mining and staking rewards on their BTCMTX tokens.

Well-known crypto YouTuber Jacob Bury believes BTCMTX’s price could surge by 10x from its presale value once listed on exchanges.

Bury highlighted the project’s solid tokenomics and unique value proposition, believing they could be catalysts for enormous retail demand.

Additionally, with the Bitcoin halving also approaching, Bury believes the timing is perfect for Bitcoin Minetrix to capitalize on heightened market attention to mining.

Ultimately, Bitcoin Minetrix looks like it checks all the boxes of a project with real long-term potential.

With over $11.4 million raised in presale already, investors have a limited time to buy BTCMTX tokens for just $0.0137 before the price increases in later stages.