Jasmy crypto is seeing a significant rally with the JASMY price increasing by 40% as sentiment shifts positively. Additionally, attention is turning to the Meme Index, a presale project that has successfully raised over $3.1 million.

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JASMY Price Analysis: JASMY Crypto is Rising – Here’s Why
The JASMY token, which is linked to the Japan-based DePIN project, has risen 40% recently. Initially priced at around 24%, it has rebounded from a long decline of over 99% from its peak values.

A significant factor in this rally appears to be improving trader sentiment, driving purchases.

“Monthly chart looks like $RAY before it ripped. As long as it holds the previous consolidation lows, it has potential for nice upside in the coming months.”
— Nebraskangooner (@Nebraskangooner)

JASMY Price Analysis

Currently, JASMY is performing well with an average daily trading volume of $536 million, reflecting nearly one-third of its $1.5 billion market cap. It is now recognized as the sixth largest DePIN project, following BitTensor and Filecoin and shows notable interest from traders.

Trading Data
(Source: Coingecko)

“The bullish engulfing bar of January 30 could anchor the next wave of higher highs, potentially lifting the DePIN token above the current consolidation.”

According to technical analysis, if buyers maintain support above $0.023, a breakout above $0.042 may occur, potentially exceeding last December’s high of $0.060.

Why is JASMY Price Rallying?

The ongoing price increase can be attributed to multiple factors. In December, the project began handling Blue Carbon credits on its NCCX exchange, aimed at enhancing the reliability of credit transactions using blockchain technology.

“Jasmy will begin handling Blue Carbon on the carbon credit exchange it operates early in 2025.”
— HARA (@HARA_JasmyCFO)

This initiative is supported by the Japan Blue Economy Technology Research Association and aims to improve the overall credibility of carbon credit trades.

Moreover, Jasmy has entered into a collaboration with IoTeX to promote its DePIN market within Japan.

Is Meme Index (MEMEX) the Best Crypto to Invest in for 2025?

As JASMY recovers, interest also shifts toward the Meme Index (MEMEX). The project is gaining traction as it proposes to innovate meme coin trading by offering a diversified index for traders.

The Meme Titan Index will focus on strong yet stable holdings such as Dogecoin, while the Meme Frenzy Index will consist of newer, higher-risk meme assets poised for rapid growth.

Currently, the Meme Index has raised over $3.1 million in presale, with each token priced at $0.0157183, set to increase imminently.

Meme Index Data
If acquired now, MEMEX holders can earn an impressive annual yield of 718%.