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- Altcoins FLOKI and VET take the spotlight as altcoins begin surging in the crypto market.
- WTK is up by 60% and similar bullish sentiment is seeping into other altcoin expectations.
- Both FLOKI and VET are printing bullish patterns for parabolic pumps in coming months.
Rising speculation over Japan launching a possible stablecoin for the Japanese Yen (JPYD) draws the attention of the JASMY community. JasmyCoin, known as the Bitcoin of Japan, could gain massive traction if JPYD were to launch.
A Japanese stablecoin. It would be huge.
— Team LAMBO (@TehLamboX) June 20, 2024
What USDT and ethereum are for each other,
JPYD and $JASMY would do the same#JASMY TO THE MOON. Bound for top-10 CMC rankings. pic.twitter.com/YGN9wrcihg
As we can see from the post above, the post talks about what the impact of a Japanese stablecoin would do. Specifically, this user says that a JPYD and JASMY relationship would reflect that of USDT and Ethereum.
All in all, the JASMY community is in awe at the possibilities that would open if this rumour could in fact come true. The entry of JPYD could dramatically influence JASMY’s position in the global economic arena.
Meanwhile, price analysts are noticing bullish trends in the JASMY charts. It seems like the stablecoin news is seeping into the chart action for JASMY price. So far, the JASMY team has expressed their expectation for JASMY price to hit $17 by 2026.
While the majority mostly discusses the $JASMY price target I highly recommend to research Jasmy, what is it all about and how big it really is.
— mrpatrickschmitt (@mr_pschmitt) June 20, 2024
That will explain why price targets of $1 and even $17 in 2026 seem realistic to reach!#Jasmy @JasmyMGT https://t.co/18Xb1eh1Yc
In response to this, analysts share their thoughts on the matter saying that this bullish expectation is not hard to achieve for JASMY. In fact, one user shares how this goal is a realistic reach for the asset.
Also adding to the bullish sentiment is how many analysts believe that JASMY bottom has been hit and a major price reversal could play out very soon for JASMY price. Another analyst shares JASMY price chart and charts out the next higher lows and higher highs that JASMY will likely hit soon.
Lastly, a very bullish sign for JASMY is the fact that a popular crypto trader known for his accurate crypto market price predictions has bought JASMY. Having shared his buy signal for the asset when altcoins hit the bottom JASMY is gaining more popularity amongst seasoned traders.