- Analyst believes that the launch of Japan stablecoin could enable mass volume for JASMY.
- He finds how JPYD is tied to JASMY and other major companies in Japan.
- The future must protect free flow of data and JASMY’s trusted chain will play a crucial role.
Bitcoin (BTC) price staggers to the $54,000 level leading many analysts to have a closer look at crypto price charts. Many expect another more significant dip for Bitcoin towards the $40,000 to $47,000 price range before the arrival of altseason which could lead to new ATHs for many altcoins.
JPYD Stablecoin Launch Could Trigger JASMY Pump
Amidst this atmosphere in the crypto realm, one crypto analyst shares his expectations for the future of JasmyCoin (JASMY), the cryptocurrency known as the Bitcoin of Japan. Japan, not long ago, announced the making of the Japanese stablecoin JPYD. The launch of this Japanese Yen stablecoin could usher in a massive price pump for JASMY.
According to the analyst’s analysis above, the JPYD is an enabler for mass volume. He connects the launch of USDT to have once upon a time been the trigger to the price boom for Bitcoin (BTC) and Ethereum (ETH). Thus, he believes that this move will bring more institutional players to join the crypto realm in the Eastern markets.
JASMY’s Crucial Role in Free Flow of Data
The analyst goes on to analyze various factors that could support his expectation for JPYD launch leading to a massive JASMY price boom. The first part of the video highlights how major traditional banks are supporting and facilitating the launch of the JPYD stablecoin. This official post highlights Mitsubishi and two other major banks joining the cause.
Continuing on the video, the analyst finds that JPYD is filed for patent by JASMY and a consortium comprising over 70 companies including Mitsubishi, Rakuten, Fujisu, NTT, Hitachi, Keio University, Tokyo University, and other top institutes.
Lastly, according to the analyst, the bottom line is that JASMY is in the top-tier bracket of cryptos. The video touches upon the fact that the future has to do with the free flow of information, and JASMY is a technology that protects information and data which means it will play a crucial role in the coming years.
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