A report from CoinShares on Monday showed that the Cryptocurrency market seems to have regained its vitality. Last week, the inflow from institutional investors was $85 million, and the price of bitcoin continued to climb, reaching $44,049 per coin as of the time of writing. According to coinmarketcap market data, the cryptocurrency has risen for 6 consecutive trading days, which is the longest continuous rise since September last year. This is an important signal of the recovery of the crypto return market. However, in the early stage of the market recovery, there is no shortage of severely undervalued cryptocurrencies. A compliant cryptocurrency, Jasmy, is one worth to watch.
Jasmy’s official announcement on January 28 stated that in response to the enthusiastic demands of the global market, Jasmy is ready to enter overseas markets in 2022. At the same time, a number of positive signals have been issued one after another, including the establishment of a base on the West Coast of the United States, the official sale of Jasmy Secure PC, the optimization of the company’s job structure to recruit talents，and so on.
We are full of confidence in the market in 2022, and Jasmy is a seriously undervalued cryptocurrency, whether it is viewed from many perspectives such as project progress, transaction liquidity, compliance, popularity, and the prospect of IOT data development.
1.Regarding compliance and monitoring:
Jasmy (JMY) is the first Japanese blockchain project approved to be listed on a Japanese digital currency exchange. It is the first legal and compliant digital currency in Japan. From this point of view, we have no reason to despise it.
We have studied the regulatory attitudes of 5 continents, the United States, Japan, South Korea, China, Russia and other 24 countries to cryptocurrency. Among them, Japan’s regulatory attitude is the most rigorous and positive. The Japanese government strongly supports digital currency, making Bitcoin Freedom to trade (many malls support cryptocurrency payments). On the one hand, the Japanese government has clarified that virtual currency transactions are regulated by the Financial Services Agency of Japan. Applications for opening an exchange in Japan need to undergo strict qualification review, and new digital assets listed on the exchange also need to be reviewed and approved by the Financial Services Agency. At the same time, the Japanese exchanges are also very strict in reviewing the qualifications of investors. According to the regulations of the Japanese government, companies that want to obtain bitcoin trading qualifications must meet the regulations in terms of registered capital and fund management.
This is also the origin of the saying in the industry that “entering the market to speculate on coins, look at Japan first”. Because when it comes to cryptocurrency, one country that cannot be avoided is Japan, which means legal supervision. Jasmy, which is under the supervision of the Japanese government, will never be as simple as an “fake coin”. Since it is regulated by the Japanese Financial Services Agency, JasmyCoin must have a business application model linked to it. It takes time, and time will tell everything.
2.About the project progress:
After sorting out the information on the official website, Twitter, news reports and other channels, we found that 2021 Jasmy has cooperated with more than ten projects such as Witz, Tosu Sandstone Club, and MetaVisa.
Of course, Jasmy has a clear roadmap for the progress of the project, which can be viewed on their official website, and some goals are being achieved.
For example, the concept of secure PC announced on March 15 last year, the trial version of “Jasmy Secure PC Agent DR” was released in October last year, and customer feedback was collected through the trial version. After data improvement, it was officially released on January 31 this year. And according to official announcement: “Has started selling ‘Jasmy Secure PC’, the best solution for remote work and mobile use.”
It is worth mentioning that on January 28 this year, Jasmy officially announced that it has decided to promote the development of overseas business. Establishing multiple locations overseas, seeking global business alliances for advanced technology and business with the goal of global expansion of unique solutions and services such as “Jasmy Secure PC” and “Jasmy Personal Data Locker”. At the same time, they use the unique ecosystem of “JasmyCoin” to accelerate the “democratization of data”. If you pay attention, you will find that on January 17, Jasmy announced to optimize the company’s job structure and recruit talents. It suppose to be preparing for the establishment of a stronghold on the West Coast of the United States and the promotion of overseas business development. From the perspective of cryptocurrency investors, we have reason to believe that this is an important node based on JasmyCoin’s business ecology, and there is not much time left for us.
3.About popularity:
Today’s Jasmy’s popularity cannot be compared with BTC and ETH, which is beyond doubt, otherwise Jasmy’s rising space will not be worth our attention. The reason is the same. When BTC and ETH were unknown, only a few people chose to believe, so the wealth was only in the hands of a few people.
The popularity of Jasmy cannot be ignored. Almost the world’s first-class cryptocurrency exchanges can freely buy Jasmy (JMY), including dozens of exchanges such as Coinbase, Binance, KuCoin and BITPoint Japan, flipping 80% of the world’s cryptocurrencies trading area. CoinDesk, the world’s most well-known cryptocurrency news network, has reported that Jasmy is “fighting back against data centralization.”
4.Regarding transaction liquidity:
As far as the current transaction volume of Jasmy is concerned, it is still quite impressive. For this, we directly quoted the data from the coinmarketcap, an authoritative cryptocurrency data website, which has high reliability. The current price of JasmyCoin is $0.040088 USD, and its 24-hour transaction The transaction volume was $130,372,703 USD, an increase of 77% year-on-year. It ranks #280 in the market value of tens of thousands of cryptocurrencies in the world. Many exchanges support Jasmy derivatives trading, and its trading liquidity is worthy of recognition.
5.About the development prospect of IOT
On February 6, 2021, IDC research data shows that global IoT spending will reach US$690.47 billion in 2020. IDC predicts that the global IoT market will reach US$1.1 trillion by 2025, with an average annual compound growth of 11.4%.
In terms of data security, due to the extensive connection of the Internet of Things, the demand for security has significant increased，and the revenue of security manufacturers in the direction of the Internet of Things has shown a rapid growth trend，the compound growth rate is expected to reach 23.8% in the next five years.
Considering that blockchain technology is still in the early stages of development, in the short term, the combination of blockchain and IoT will mainly focus on improving efficiency within organizations, as well as further automating paper trails to meet risk and regulatory requirements. In the long term, as the two technologies mature, companies can use the combination of blockchain and IoT technologies to discover and expand new revenue streams. The business landscape will shift as new business models emerge.
However, the promotion of the combined application of blockchain and the Internet of Things is not a one-day achievement. In particular, it will take time for blockchain technology to mature, and some major hurdles will need to be overcome—a lack of awareness as well as technical & regulatory challenges—to unlock its full potential and provide business leaders with the solutions they need to create significant economic benefits value.
Therefore, Jasmy Co, which focuses on IoT data security, is worthy of long-term attention and long-term investment. The rise of JasmyCoin will also be accompanied by volatility.
To gain more information——
Official website：http://www.Jasmy.co.jp
Twitter：https://twitter.com/Jasmy_league
Telegram：https://t.me/OfficialJasmyUniverse
Facebook：https://www.facebook.com/Jasmyleague/
Medium：https://medium.com/Jasmy-league
GitHub：https://github.com/JasmyCoin/JasmyCoin
