JasmyCoin (JASMY) Emerges as the Top 24-Hour Gainer among the Leading 100 Cryptocurrencies

JasmyCoin has emerged as the top 24-hour gainer among the leading 100 cryptocurrencies as investors discuss further bullish momentum on social platforms.

JasmyCoin (JASMY) has been making waves among the top 100 cryptocurrencies, emerging as the leading 24-hour gainer as investors engage in discussions about further bullish momentum on various social media platforms.

The native token of the Japanese company Jasmy Corporation, JasmyCoin (JASMY), saw a 7% increase in the past 24 hours and was trading at $0.032 at the time of writing. The asset's market cap also saw a significant rise, surpassing the $1.5 billion mark, ranking it as the 53rd-largest digital currency.

JASMY's daily trading volume also surged by an impressive 102%, reaching $224 million. This substantial increase in trading activity reflects the growing interest and momentum surrounding JasmyCoin in the cryptocurrency market.

Interestingly, JasmyCoin also emerged as one of the top gainers on July 27, with the token's price rallying by 12%. This continuous bullish performance is catching the attention of investors and traders.

According to data provided by Santiment, the social activity around JasmyCoin has been consistently rising over the past five days. When the asset was trading at $0.029, it saw a deep dive to the $0.025 mark. However, as the price began to recover, the JASMY social volume increased by six times since July 23.

Furthermore, per data from the market intelligence platform, the JASMY exchange inflow surged from 65.4 million to 105.3 million tokens over the past 24 hours. This movement hints at potential short-term profit-taking as JasmyCoin briefly touched a local high of $0.033 on July 27.

However, the exchange inflow registered a smaller surge than the amount of tokens leaving the exchanges. According to Santiment, the JasmyCoin exchange outflow rose from 58.2 million to 86.6 million coins in the past 24 hours. At this point, more investors are looking for potential profit-taking if the JASMY price rallies.

Finally, data from Santiment shows that the JasmyCoin Relative Strength Index is currently sitting at 61. The indicator shows that the asset is slightly overbought at this price point and a price correction would be expected due to its high volatility.

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