JASMY Crypto Erupts 40% Overnight – What’s Going On? Best Crypto to Buy 2025?

Jasmy crypto is rallying, as JASMY price is up 40% in a sentiment shift. Attention is also on Meme Index, a presale that raised over $3.1 million.

JASMY crypto, the token powering the Japan-based DePIN project, Jasmy, is on a roll. The token rose +40% on the last day before cooling off slightly to around 24%. The spike in interest comes at a time when the token has been on a rough patch, sliding 99% from its all-time highs.

The JASMY rally comes at an interesting time for the project. Improving sentiment explains why traders are pouring into the token, buying in waves.

$JASMY

Monthly chart looks like $RAY before it ripped

As long as it holds the previous consolidation lows it has potential for nice upside in the coming months pic.twitter.com/vQic9Nmp4A

— Nebraskangooner (@Nebraskangooner) January 30, 2025

JASMY Price Analysis: JASMY Crypto is Rising – Here’s Why

With JASMY

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up 24% in 24 hours at the time of writing, the average daily trading volume during this period has risen to $536 million, nearly 33% of its market cap of $1.5 billion.

At the current valuation, JASMY is the sixth largest DePIN project, behind BitTensor and Filecoin. Interest is high, as shown by the daily chart. Less than 36 hours after the Federal Reserve interest rate announcement, JASMY is up 33%, sharply reversing losses from early January.

(Source)

The bullish engulfing bar of January 30 could anchor the next wave of higher highs, potentially lifting the DePIN token above the current consolidation.

Technically, if buyers absorb all selling pressure, holding above $0.023, it may break out above $0.042, even breaching December highs of $0.060.

(JASMYUSDT)

Why is JASMY Price Rallying?

The upside momentum could be due to multiple factors.

In December, the team announced they would begin handling “Blue Carbon” credits trading on the NCCX. The platform will manage these credits using blockchain technology.

$Jasmy Launches “J-Blue Credit” Trading on NCCX Platform.

The following is an excerpt from Nikkan Kogyo Shimbun

” Jasmy will begin handling “Blue Carbon” on the carbon credit exchange it operates early in 2025. Using blockchain, JASMEE will ensure reliability and transparency…

— HARA (@HARA_JasmyCFO) December 17, 2024

Interestingly, this initiative is backed by the Japan Blue Economy Technology Research Association and aims to boost reliability and transparency in carbon credit transactions.

In Japan, the government manages the carbon credit system, “J-Credit,” but Jasmy wants to expand voluntary carbon credit trading via private initiatives.

Jasmy also partnered with IoTeX to expand the DePIN market in Japan.

IoTeX is partnering with @JasmyMGT, pioneers in Japan’s blockchain space & members of the @coinbase 50 Index, to bring #DePIN to Japan. @HARA_JasmyCFO @JanctionMGT

Together, we’re combining Jasmy’s expertise with IoTeX’s infrastructure to drive DePIN innovation & empower… pic.twitter.com/QnX4iFC3vF

— IoTeX (@iotex_io) December 5, 2024

The platform will look at deploying nodes and integrating IoTeX as part of the deal.

Is Meme Index (MEMEX) the Best Crypto to Buy in 2025?

As JASMY rebounds, attention also turns to Meme Index (MEMEX).

The meme coin project, audited by CoinSult, is drawing investor interest because it aims to change how investors trade meme coins.

The project will release a basket available for all classes of meme coin traders through a decentralized index system structured specifically for meme coin investing.

The “Meme Titan Index,” for example, will comprise high-market-cap but low-volatility tokens like Dogecoin (DOGE). On the lower end of the spectrum, there will be the “Meme Frenzy Index,” made up of recently launched but potent meme coins. Though they are risky, they can potentially reward investors handsomely if they gain momentum.

Additionally, the team is keen on empowering MEMEX holders. They will be free to participate in governance, voting on, for example, which tokens to include in each index. This model ensures that every index will reflect the community’s ideas.

Currently, the Meme Index has raised over $3.1 million in its ongoing presale. Each token trades for $0.0157183 but prices will increase in the next 23 hours.