Jasmycoin（JASMY）has a significant number oflong-termholders,with53%holding for over ayear.This article explores the implications of theseholdings,the current marketperformance,and whether JASMY could be a worthwhileinvestment.
Points
- 53%ofJASMYholdershavebeenholdingforoverayear.
- 66.16%ofholdersareinprofit,withgoodliquiditypresentinthemarket.
- Thecurrentmarketcapis$1.162billion,withacirculatingsupplyof49.299billionJASMY.
- Recenttrendsshowadecline,butindicatorssuggestpotentialsupportlevels.
Jasmycoin（JASMY）has a significant number oflong-termholders,with53%of holders having been invested in the cryptocurrency for more than oneyear.This strong base oflong-termholders provides stability and confidence in thecoin’sfutureprospects.
HolderCompositionandMarketPerformance
Onchain data shows that66.16%of JASMY holders are inprofit,representing48.07Kaddresses.Additionally,31.12%of the holders are at a loss（22.61Kaddresses）,while1.98Kaddresses brokeeven.At presstime,JASMY was trading at$0.02342,with a loss of6.32%in24hours.The current market cap of JASMY stands at$1.162billion,with a circulating supply of49.299billionJASMY.
JASMY MarketAnalysis|Source:TheCoinRepublic
Liquidity
LiquidityandLargeHolders
The liquidity of Jasmycoin is currently at12.93%,indicating a relatively healthy market with adequate tradingactivity.The concentration by large holders stands at78%,suggesting that a significant portion of thecoin’ssupply is held by a few largeentities.This high concentration can lead to potential price volatility if these large holders decide to buy or sell significant amounts ofJASMY.
RecentMarketTrends
Over the past fewweeks,Jasmycoin has experienced a consistentdecline.Despitethis,the average holding period for JASMY is11.3months,reflecting a commitment fromlong-terminvestors.The recent downtrend has seen the price fall almost47.8%from a swing high point of$0.04480to the current level of$0.02342.
TechnicalIndicators
Technical analysis suggests that JASMY has plunged below the20-dayand50-dayEMAs（ExponentialMovingAverages）,which are typically used to gauge markettrends.The larger trend bands highlight a golden cross among the50-dayand200-dayEMAs on the dailychart.If the price descendsfurther,it could find support at the dynamic support of the larger trend200-dayEMA.
The MACD（MovingAverage ConvergenceDivergence）metrics have declined to a negativeterritory,below the zeroline,and the histograms are alsodeclining,reflecting intensifyingbearishness.The RSI（RelativeStrengthIndex）has declined below the median line of50,currently flashing at34.26,indicating that the coin is nearing oversoldterritory.
InvestmentPotential
Given the substantial number oflong-termholders and the relatively high percentage of profitableaddresses,Jasmycoin could be considered a worthwhile investment for those looking atlong-termpotential.However,the current bearish trend and technical indicators suggest caution in the shortterm.Investors should closely monitor support levels and technical indicators for signs of a potentialreversal.
Conclusion
Jasmycoin’ssignificant number oflong-termholders and relatively healthy liquidity suggest a stable base for futuregrowth.While the current market trend isbearish,technical indicators and support levels should be monitored for potential buyingopportunities.As with anyinvestment,thorough research and a cautious approach arerecommended.
解説
- Long-TermHolders:53%ofJASMYholdershavebeenholdingforoverayear,providingstabilityandconfidenceinthecoin’sfutureprospects.
- MarketPerformance:Despiterecentdeclines,66.16%ofholdersareinprofit,withamarketcapof$1.162billionandgoodliquidity.
- TechnicalIndicators:Currentbearishtrendwithpotentialsupportatthe200-dayEMA.IndicatorslikeMACDandRSIsuggestcautionbutalsohighlightpossiblereversalpoints.
- InvestmentStrategy:Long-termpotentialisstrongduetosubstantiallong-termholdersandprofitableaddresses.Short-termcautionisadvised,withclosemonitoringofsupportlevelsandtechnicalindicators.