This summary of the video was created by an AI. It might contain some inaccuracies.
00:00:00 – 00:08:02
The video discusses the potential of JasmyCoin (JASM) reaching a value of one dollar, a significant jump that would necessitate its market cap to grow from under $2 billion to approximately $50 billion. This discussion frames within the context of Bitcoin's halving cycles, which historically trigger surges in the value of Bitcoin and altcoins within 12-18 months. JasmyCoin, known for its use in data storage and its pioneering role in blockchain for the IoT era, already has all its coins in circulation, which is highlighted as a strategic advantage.
A key point discussed is the coin lockup, specifically a recent initiation of a 100 million JASM coin lock-up starting May 1st, 2024, amounting to a small fraction of the total 49.3 billion circulating supply. The lockup's primary goal is to assess its impact on the market, with larger lockups potentially influencing future prices by reducing the available supply. The speaker remains optimistic about the coin’s future, acknowledging the lockup's positive impact but stressing the need for continued research and analysis.
00:00:00
In this segment, the speaker discusses their challenging night with their children but mentions that their son is now attending school five days a week, allowing them to focus on making the video. The main topic is the potential for JASM (JasmyCoin) to reach a dollar, especially considering the recent Bitcoin halvings. The speaker explains that historically, Bitcoin and altcoins surge within 12-18 months post-halving cycles. For JASM to hit a dollar, its market cap would need to reach $50 billion from its current under $2 billion. They mention a significant lock-up of 100 million JASM coins in May 2024, but note it’s relatively insignificant compared to the total 49.3 billion circulating supply. The discussion moves towards the necessity of locking up more coins to influence prices and hints at further news and analysis to be shared in the video.
00:03:00
In this part of the video, the speaker discusses Jasmine’s market cap potential reaching up to $50 billion, comparing it to other cryptocurrencies like Cardano and Dogecoin during the last bull run. The speaker mentions Jasmine’s significant pump from its lows and the favorable conditions of the bull market. They highlight Jasmine’s strong use case in data storage and mention that all Jasmine coins are already in circulation, which is a strategic advantage.
Importantly, the speaker notes that Jasmine has initiated a lockup of 100 million coins starting May 1st, which is relatively small compared to the total circulating supply of 49.3 billion. They point out that larger coin lockups could significantly impact Jasmine’s price by reducing the available supply. The initial lockup is seen as a trial to assess the impact, suggesting that future, more substantial lockups could be implemented based on the results.
00:06:00
In this part of the video, the speaker discusses the impact of coin lockups on the market cap and price of Jasmine (JASM) cryptocurrency. They explain that with 49.3 billion coins in circulation, for Jasmine to hit a dollar, it would need a nearly $50 billion market cap. They highlight a recent event where JASM initiated a lockup of 100 million coins starting May 1st. Jasmine is described as a pioneering blockchain platform tailored for the IoT era, focusing on data security, decentralized data sharing, and a comprehensive metaverse. The speaker notes that while the lockup is positive news, it is not the sole reason for their bullish outlook on Jasmine. They emphasize the importance of further research and welcome additional information from the audience about the lockup’s future impact.