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Latest analysis of the crypto Monero (XMR), Aptos (APT), and JASMY

source-logo  en.cryptonomist.ch 23 October 2024 09:40, UTC

In this article, we look at the most relevant news in the crypto sector involving the projects Monero (XMR), Aptos (APT), and JasmyCoin (JASMY).

Subsequently, we take a look at the recent price performances of the coins XMR, APT, and JASMY and their future forecasts.

In view of the arrival of the bull market, one of these 3 could really do well and break every price record: which currency is it?
Let’s see all the details below.

Summary

All the most important news of the crypto projects Monero, Aptos, and JASMY

Let’s start by selecting the latest crypto news most important concerning the ecosystems of Monero, Aptos, and JasmyCoin.

Starting from the Monero blockchain, the latest innovation consists of the launch of the Monero.Garden project, managed by the user “schmidt1024” from the community.

This is a wiki-style website that aims to inform users about how Monero works from A to Z.

There you can find a practical guide on how to open a wallet to interact with the chain, how to mine XMR, and how to trade the asset with other users.

There are also more complex topics to address beyond the basic use of the network, which also include socio-economic theories and technicalities of the crypto world.

Monero.Garden is so comprehensive that it appears as the best reading for those who want to thoroughly explore Monero and everything surrounding it.

Introducing Monero Garden – 'a community project by @anhdres where you can learn about Monero' https://t.co/TVTOComOMx

— Monero (XMR) (@monero) October 22, 2024

Moving on to Aptos, we notice how a few days ago the second birthday of the non-EVM L1 blockchain rival to Ethereum took place.

In these early years, the project has achieved excellent milestones, expanding both in terms of on-chain metrics and ecosystem.

Up to today, Aptos has attracted a total of 27.7 million active addresses managing 1.7 billion total transactions. Consider that in a single day it hosted an impressive 326 million tx, highlighting the success of this network in the crypto world.

In 2 years, even the community has seen giant strides, bringing about 250 different projects onto its chain and expanding the possible connections with web3.

Happy Birthday, Aptos!

In just two years, here's what we have accomplished together 🌐

– 27.7M all-time active addresses
– 1.7B all-time transactions
– 326M transactions done in a single day
– 250 innovative projects that are #builtdifferent

and we’re just getting started ⚡ pic.twitter.com/OMvk7oj0NX

— Aptos (@Aptos) October 18, 2024

Finally, regarding JasmyCoin, a cryptocurrency project provider of IoT technologies based in Tokyo, there do not seem to be any particular news to report.

As far as we know, Jasmy is refining AI functionalities for PDL PCs and blockchain. The ultimate goal of the project is to consolidate its structure capable of providing the layer-2 Janction with all the necessary data to face the growing challenges in the AI field. Janction will rely on these innovations to optimize the training of artificial intelligence through the Jasmy ecosystem.

Analysis and price forecast of crypto Monero (XMR) and JasmyCoin (JASMY)

At this point, let’s shift our attention to the prices and see how the crypto of Monero (XMR) and JasmyCoin (Jamsy) are behaving.

XMR, given the difficulties on the compliance side with the regulation, has been heavily penalized in the recent period. The prices have remained at the levels of the bear market of 2022, stuck within the range of 120 to 180 dollars.

After the last bear market, prices did not fall to new lows, but they also did not move upwards.

Indicatively, we could start to be bullish on Monero if the crypto XMR were to surpass the resistance of the range and aim for 200 dollars.

In that case, if the structure were confirmed by a retest, we could confidently state that we are in the midst of a multi-year bull pattern.

Attention also to any fakes and possible falls below the EMA 50 weekly at 150 dollars.

At this moment XMR capitalizes 2.9 billion dollars, with its ATH set at 517 dollars.

On the JASMY front, the discussion is a bit more interesting but at the same time also more complex. The cryptocurrency is in a strong bull trend since the beginning of the year, with prices that have increased by 488%, reflecting the revaluation of the project.

The moneta had miserably crashed in the middle of 2021, going against the trend of the rest of the crypto market. From the top of 4.8 dollars JASMY is losing 99.6%, even considering the latest particularly positive bull.

Now the prices are at 0.018 dollars, straddling between a possible restart towards new local highs and a dip below the EMA 50 weekly.

The currency has a market capitalization of 861 million dollars, which coincides with the FDV.

Judging by the trading volumes and the market outlook, it is likely that this crypto will have a short life and will return to drawdown in the coming months.

We expect a return of JASMY below the 0.001 dollar mark, unless the project is renewed.

The blockchain of Aptos marks new highs of TVL: APT ready to explode

In view of the upcoming bull market, since Monero (XMR) and JasmyCoin (JASMY) do not seem graphically inviting, we can focus on the crypto of Aptos (APT)

Unlike the first two coins analyzed, that of Aptos seems to have a lot of potential on the horizon and could perform very well in the coming months.

What stands out most in the project is the trend of the TVL of the blockchain, which is now at new all-time highs of 884 million dollars.

Many incentives are about to arrive on the chain (such as the launch of USDT) attracting liquidity from outside and leading to an increase in on-chain metrics.

Furthermore, Aptos might also announce a second airdrop after the one in 2022, still having tokens available to distribute to the community.

Aptos DeFi & finance accelerating!

✅ @EchoProtocol_ starting off with a bang – $150M TVL on day 1!
✅ The Hong Kong Monetary Authority launched the 2nd phase of the digital Hong Kong dollar pilot with 21 partners, only 1 blockchain @Aptos
✅ USDT and other major stables… https://t.co/sfamb3qp1S

— avery.apt 🌐 (@AveryChing) October 21, 2024

With such a scenario, APT has everything it needs to attempt a new leg up above 20 dollars.

From listing in October 2022, the crypto first collapsed to 3.5 dollars, only to soar in January 2023. Subsequently, throughout the year, it saw the prices retreat downward before a bull push at the dawn of 2024.

Now the Aptos token is at 10.37 dollars, halfway between its lows and highs, waiting for the next speculative move to be made.

The capitalization is 5.36 billion dollars, making it the 21st richest currency in the crypto sector.

We expect a new pump in the coming months for APT, driven by growing network activity, up to the breaking of new all-time highs.

Monero aptos jasmy crypto
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