JasmyCoin, at the time of writing, is up around 2% and is now sitting at $0.0186. It bounced from a daily low of $0.0178 to nearly $0.01861 at its peak. With a market cap of $900 million, it’s not tiny, but it’s definitely not one of the crypto giants either. It’s showing some positive movement today, but nothing too dramatic. Lee the Captain has taken to his YouTube channel, which has over 50,000 subscribers, to talk about what 100,000 JASMY tokens could be worth this year.
Lee the Captain believes if Jasmy hits one dollar this year, 100,000 Jasmy tokens would be worth $100,000. He bases this on historical patterns showing cryptocurrencies typically peak about a year and a half after a Bitcoin halving. Since the last halving happened in April 2024, this points to October 2025 as a potential peak.
With the current market momentum, Lee feels this dollar price target is achievable. He thinks today’s market conditions are more favorable than in 2021, noting that while the 2021 altcoin season was impressive, this cycle hasn’t reached its full potential yet.
The crypto owner base has grown tremendously. During the 2021 bull run peak, there were about 300 million crypto owners. Now there are over 600 million according to Crypto.com research. And we still haven’t seen a full-throttle altcoin season. This number could grow even more if the market heats up further.
Market sentiment is excellent right now. Bitcoin ETFs, Ethereum ETFs, institutional investors, and enterprise adoption are all through the roof. Lee thinks this bull run could be special and potentially much stronger than 2021.
Why JasmyCoin Could Stand Out
There’s more competition now than in 2021, but Lee doesn’t see this as a major problem for Jasmy. While many new projects are launching, most are low-quality meme coins that won’t gain traction or get listed on major exchanges. Having more competitors doesn’t matter if they aren’t quality competitors.
For JasmyCoin price to reach a dollar would mean a market cap around $50 billion based on current circulating supply. This represents a 50x increase, which Lee doesn’t find unreasonable in a bull market where Bitcoin might reach $300,000 (a $6 trillion market cap) and Ethereum could hit a $2 trillion market cap. In such a scenario, $50 billion flowing into Jasmy seems plausible. He points out that Dogecoin exceeded an $80 billion market cap in 2021.
Lee considers Jasmy the most appealing project focused on decentralized data storage. It’s legally compliant in Japan, earning it the nickname “Bitcoin of Japan” – something competitors like Filecoin, Arweave, and Storj don’t have. The Jasmy team includes former Sony employees, adding significant credibility.
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Data storage isn’t the most exciting crypto sector, but Lee believes Jasmy makes it interesting. The global data storage market is expected to reach nearly $800 billion by 2030 according to Fortune Business Insights. This positions Jasmy in a growing and potentially lucrative market.
While Jasmy may not achieve mass adoption in the next 6-10 months, its compelling concept, story, and narrative make it attractive. People care about these elements right now.
Lee concludes that 100,000 Jasmy tokens could hypothetically be worth $100,000 if the price reaches one dollar during this bull run. As the owner of the YouTube channel, Lee the Captain reminds viewers that nothing he says is financial advice, but he remains optimistic about Jasmy’s potential in the current crypto cycle.
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