Why Did Jasmy Coin Crash?

At the time of writing, Jasmy Coin is down 13%. So why did Jasmy Coin crash, drop, reviews, analysis and price predictions are on Coin Meoow!

Why Did Jasmy Coin Crash?

Leading cryptocurrency exchange Binance shared an announcement about some tokens and coins as of 10/05/2023. The content of the announcement is as follows;

Binance will move the following assets to the Innovation Zone on May 10, 2023:

• AMB, ARK, BTS, DREP, FTT, GFT, JASMY , LOOM, MLN, OAX, OMG, PERL, PNT, SNM, SRM, VGX, WRX and YFII

Well what does it mean? The Binance Innovation space covers risky and highly volatile cryptocurrencies. The General Spot section contains proven, volatile and high-risk crypto-assets. While Jasmy was previously in the general market, as of today’s announcement, it will be moved to the Innovation area.

His move into the high-risk crypto-assets space has put selling pressure on Jasmy. The fall happened very quickly. The news was reflected in the graphic as follows;

Jasmy, which was traded at $ 0.069 before the news came, regressed to 0.0057 with the news. This is exactly the answer to the question why Jasmy Coin fell / is falling.

Jasmy Coin Analyze

• JasmyCoin is currently   trading 13.62%  above the 200-Day SMA of $0.00503.
• The 14-Day Relative Strength Index (RSI) is at 64.77, which indicates that the cryptocurrency is currently NEUTRAL and likely to trade sideways.
• The number of green days in the last 30 days  is 4  , which is 14%
• More  than 95.14% of the total supply  is in circulation
• Binance news may shake confidence in the project and the price may fluctuate high.

JasmyCoin  Quarterly Returns

Jasmy’s highest price level is $4.99. As of the date of writing, it has experienced a 99% decrease from this level.