Blockchain
JasmyCoin emerges as top gainer amid increased whale activity
JasmyCoin (JASMY) has surged by 26% in the past 24 hours, trading at $0.028 at the time of writing. This marks the first time since April 2022 that JASMY has reached this price level. However, it remains significantly below its all-time high of $4.99 from February 16, 2021, down by 99.44%.
Increased Whale Activity
JasmyCoin has emerged as a top gainer amid heightened whale activity. According to Santiment, the number of whale transactions (each involving at least $100,000 worth of JASMY) increased more than eightfold in the past 24 hours, rising from four to 37 unique transactions. This spike in whale activity could signal potential price volatility and significant price movements due to short-term profit-taking or a possible mass selloff.
Trading Volume and Market Cap
The daily trading volume of JASMY has skyrocketed by 600%, reaching $422 million. The asset’s market cap is approaching $1.4 billion, making it the 69th-largest cryptocurrency at the time of reporting.
Background and Founders
JasmyCoin is the native token of Jasmy Corporation, a Japanese Internet of Things (IoT) provider. The platform aims to merge blockchain technology with IoT, allowing users to convert their digital information into digital assets. The project was founded by prominent executives, including Kunitake Ando (former COO at Sony Corporation), Kazumasa Sato (former CEO of Sony Style.com Japan Inc.), and Hiroshi Harada (executive financial analyst at KPMG).
Market Context
JasmyCoin’s price rally coincides with a broader bullish trend in the crypto market, spurred by the approval of long-awaited spot ETH ETFs. The increased activity and interest in the market have contributed to JASMY’s recent surge.
Dormant Circulation and RSI
Data from Santiment shows that the dormant circulation of JASMY for 365 days has surged from 3.4 million to 24.28 million tokens, indicating that some investors might be preparing to take profits. Additionally, the JASMY Relative Strength Index (RSI) is currently at 82, suggesting that the asset is overvalued at this price point. For JASMY to sustain its bullish momentum, its RSI would need to cool down below 50.
JasmyCoin’s recent surge and increased whale activity highlight its growing adoption and market interest. However, the high RSI and significant dormant circulation suggest caution, as these factors could lead to potential price corrections.
Source: crypto.news
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Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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