What is the Outlook for Japan’s Bitcoin?

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The cost of Japan’s Bitcoin has been changing in the recent past, with the token jumping to a peak of $0.0054 on Wednesday. In comparison to its lowest point in March, it has rebounded by 20%.

Latest JasmyCoin news

Recently, the developers of JasmyCoin launched a list of developers receiving grants. Over 100 applications were submitted and the 6 most promising applicants were chosen. These included JVP Protocol, Clic, Pedao, Metas, Connected2Me, and Mars Search.

Mars Search is a Web3 search engine that is similar to other search engines, but its content is focused on the cryptocurrency world. For example, a search for Trump results in NFTs related to him.

Pedao is an NFT loan platform, which works on a peer-to-pool model. Borrowers can use it to take out loans by mortgaging their non-fungible tokens. JVP Protocol is a governance aggregator hoping to maximize user rewards and aggregate its governance to the JVP token.

The Jasmy grant program is the company’s effort to strive for a better ecosystem, in order to compete with other popular networks like Ethereum, Solana, Cardano, and Polkadot. It has a cap of $2 million.

According to the grant’s website, the JVP Protocol has gathered the most votes, with 10010 upvotes, while Clik has just 20. The other four projects have no upvotes.

Jasmy Coin price prediction

Jasmy chart by TradingView

The daily chart shows that the Jasmy price has been in a tight range over the past few days. It has moved from a low of $0.0043 to a high of $0.0054. The 50-period moving average is above the current price, while the Relative Strength Index has been rising. 

The outlook is optimistic, as the token has likely reached its bottom. This could see it move towards the next resistance point at $0.0065. If it falls below the support at $0.0043, it could drop to the next support at $0.0040.

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