Wow, what a week for JasmyCoin! 💥 It rose 27% in one week and another 12% in recent days. The community is on cloud nine, but the million-dollar question is: is this an unstoppable rocket or a house of cards? Let's look at the data!
Dude, the heart of this surge comes from the people investing in derivatives. It turns out that traders, after being cautious for a while, have stepped on the gas again.
Open Interest (OI) skyrocketed by more than $6.47 million in just 24 hours, a 14% growth that makes it clear that the market sharks have faith in the project. To this, add that the memecoin sector is also heating up 🔥, growing 12% in the last week,
and since Jasmy is on that same train, it benefits from the push. Honestly, the atmosphere is pure euphoria: 87% of the CoinMarketCap community is giving it a thumbs up.
But, like in any good drama, there's an unexpected twist. 😱
While those in the derivatives market are celebrating, in the spot market (where people buy and sell directly) there has been a massive sell-off of $2.3 million in JASMY in the last 72 hours. It's as if a lot of people suddenly wanted to run away from the party.
This is the part that makes us think: could it be that those who bought cheaply are cashing in their profits and that will cool down the rally? If they keep selling, the price could stagnate or even fall, putting enormous pressure on those who bet everything that it would keep rising.
In summary: the bettors are all in, the sector is at its best, but the more traditional investors are pulling out their money. This creates a significant tension that could determine whether JasmyCoin consolidates or if its rally becomes just an anecdote.
So the real question is: who will win the standoff? Those betting on the future of derivatives or those who are already cashing in their profits? Things are heating up and it's worth staying glued to the screen.
