With the growing popularity of cryptocurrency in 2024, the options for investment and trading have multiplied. While the market is divided into Bitcoin maximalists and Ethereum advocates, the price of smaller currencies and tokens are often side-eyed in the race. However, an experienced crypto trader knows the importance of tokens that can bring substantial growth to one’s income. Here we discuss IOTA, BEFE, and JasmyCoin’s pricing predictions.
Coins That Are On The Steady Rise
As of March 2nd, IOTA’s price stands at $0.320506 with a 24-hour trading volume of $43,870,064. IOTA has been showing signs of consolidation following a period of significant volatility. IOTA’s price has formed a bullish pennant pattern on the daily chart, indicating that IOTA’s previous uptrend may continue. With the value of Bitcoin skyrocketing, the cryptocurrency market has taken on an overall bullish tone, especially for tokens like IOTA, JASMY and BEFE. As a result, given the current craze for crypto adoption, IOTA’s recent developments have increased its market cap to 7.01%.
According to the technical analysis, IOTA’s price is expected to steadily rise over the next three months, with a target range of $2.50 to $3.00 per MIOTA. Investors should keep an eye on key resistance levels around $1.80 and $2.00 in IOTA’s price, as breaking above them would confirm the bullish trend for IOTA. Furthermore, any significant partnerships or announcements related to IoT applications may boost IOTA’s price trajectory, so staying informed is recommended for IOTA traders.
BEFE’s price has been making the news in the cryptocurrency community as its project aims to revolutionize the decentralized finance (DeFi) space through its offering of innovative solutions for liquidity provision and yield farming. This has put BEFE’s price in a narrow range, forming a symmetrical triangle pattern on the daily chart, which is indicative of a period of consolidation. A potential for a breakout is expected. BEFE’s price can either go downward or upward. However, with the spotlight that BEFE has been gaining with the increasing demand for yield-generating assets, one should expect the price to move upward as more positive market sentiment toward DeFi increases. BEFE’s price is expected to reach a target range of $0.20 to $0.30 within three months, assuming that investors are interested in the competitive advantage the token has in the DeFi sector.
JasmyCoin (JASMY), a Layer 2 solution on Ethereum has become popular for its stand in data democratization. JasmyCoin (JASMY) is currently priced at $ 0.020111 and has a 24-hour trading volume of $ 679.15M, market cap of $ 991.48M, and a market dominance of 0.04%. Even with a small dip of -5.29% in price in the last 24 hours, there is high hope as JasmyCoin’s (JASMY) price has been solidifying, showcasing a bullish pattern on the three-month chart. This indicates that JasmyCoin’s (JASMY) price will be stable before the next potential leg up.
High-Profit Potential in JasmyCoin (JASMY), IOTA USD and BEFE
As more DeFi projects take to the steering, concepts like data security and democratization are projects people want to invest in. With the backing of major tech companies such as Microsoft and Amazon, the value of JasmyCoin (JASMY) could reach $17.8 in the future due to increased cryptocurrency adoption and advances in artificial intelligence. To keep investors happy and for the possibility of faster growth of JasmyCoin (JASMY), burning a portion of the coin’s supply is expected. Other factors such as loyal community, the Japanese government’s support, and listings on lots of Cex secures a huge profit. IOTA and BEFE ,tied to DeFI, are also on for higher profits.
