JASMY, QNT, MEW: Top cryptocurrencies to watch this week

The crypto market just wrapped a highly bullish phase, with the global crypto market cap surging by $220 billion to reach a record-high valuation of $3.8 billion as of Sunday.

This upward trend was largely driven by Bitcoin btc0.08%Bitcoin, which surpassed the $100,000 milestone. However, several altcoins also capitalized on the momentum, achieving massive gains.

Following their noteworthy performances last week, here are our top cryptocurrency picks to keep an eye on this week:

JASMY claims 2-year peak

JasmyCoin jasmy-3.13%JasmyCoin was a major beneficiary of last week’s uptrend. It built on a momentum that began on Nov. 27 and closed the week with an impressive 69% gain.

Introduced by Jasmy Corporation for the Ethereum-based Jasmy platform, JASMY looks to combat concerns around data security. It operates on the Ethereum blockchain as an ERC-20.

The token soared by 27.49% on Dec. 3 — its largest intraday gain in nearly 10 months. Despite a slight pullback the next day, the asset engineered a more remarkable 45% rise on Dec. 5, eventually claiming a two-year peak of $0.0590.

JASMY has so far dropped to retest $0.047. Its relative strength index (RSI) has also slumped to 68.

The asset must retain $0.3912 to hedge against steeper drops. Below this, the next support rests on the 20-day MA at $0.03178.