The cryptocurrency market remains on edge as Bitcoin (BTC) struggles within a tight range of $76,000 to $84,472, weighed down by trade tensions and economic uncertainty.
While Trump’s trade war narrative has gained momentum, inflation concerns took center stage, initially sparking fears after the release of U.S. Nonfarm Payrolls (NFP) data last week.
However, market sentiment shifted after cooling CPI and PPI data suggested inflationary pressures may be easing.
Picks for you
Despite these headwinds, the global cryptocurrency market cap surged to $2.86 trillion, marking a 3.7% gain in the last 24 hours.
Within this volatile landscape, Jito (JTO) and JasmyCoin (JASMY) have emerged as two picks for substantial growth, inching closer to the $1 billion market cap milestone, a target that could be within reach if broader market conditions remain favorable.
Jito (JTO)
Currently trading at $2.25 with a market cap of $687.5 million, Jito remains one of the most significant projects on Solana. For JTO to reach the $1 billion market cap milestone, its price would need to rise approximately 45.5% to around $3.27, assuming the circulating supply remains unchanged.
As the largest liquid staking project on Solana (SOL) Jito boasts a total value locked (TVL) of $2.23 billion, according to DeFiLlama. Meanwhile, data from TokenTerminal reveals that Jito has generated over $420 million in fees, indicating growing network activity.
Analysts remain bullish on JTO’s price action, identifying a support zone between $2.20 and $2.30, marking a potential accumulation area for a rebound. On the upside, key resistance levels are set between $5 and $7.50, which could serve as breakout points for a bullish continuation.
Notably, JTO has seen a surge in investor interest, mainly due to its recent listing on the South Korean exchange Upbit, further boosting its adoption and trading volume.
JasmyCoin (JASMY)
JasmyCoin is currently trading at $0.01380, with a market capitalization of approximately $682 million. Often referred to as ‘Japan’s Bitcoin,’ JASMY has taken a significant step toward multi-chain operability by adopting the Cross-Chain Token (CCT) standard.
This enables its $600 million+ JASMY token to be natively transferable across Ethereum (ETH) and Base via Chainlink’s Cross-Chain Interoperability Protocol (CCIP), enhancing adoption across decentralized finance (DeFi) ecosystems.
Derivatives data points to growing bullish sentiment, supported by rising open interest and a strong long/short ratio, with Binance at 1.9206, OKX at 1.8121, and top traders maintaining a 1.3581 ratio in favor of longs. Short liquidations dominate at $23.27K, compared to $5.04K in long liquidations, suggesting that bears are getting squeezed, fueling further momentum.
However, trading volume has declined by 7.43% to $32.33 million, signaling that while bullish sentiment is growing, sustained buying pressure will be necessary for a breakout.
Currently trading at $0.01284 with a market cap of $625 million, JasmyCoin would need to rise by approximately 60% to reach a $1 billion market cap, assuming the circulating supply remains unchanged. This would translate to a price of around $0.0205.
Featured image via Shutterstock
