Table of Contents
With Bitcoin inching closer to the $70k mark, the altcoin market is experiencing a surge. This presents a golden opportunity for investors to explore promising assets. This week, these three cryptos have given standout performance: Notcoin (NOT), JasmyCoin (JASMY), and Celestia (TIA).
With its innovative approach to the Tap-to-Earn game, NOT offers players to accumulate in-game currency through regular gameplay. JASMY aims to restore and protect individual data sovereignty by merging IoT and blockchain technologies. Meanwhile, Celestia (TIA) stands out as a novel approach to blockchain networks, introducing modularity to their design and functionality. These top cryptos promise intriguing developments and potential opportunities in the ever-expanding digital asset landscape, sparking optimism and excitement among investors.
#1 Notcoin (NOT)
Notcoin is the primary currency in a Telegram-based Tap-to-Earn game where players earn Notcoins by tapping on a virtual coin. This simple yet addictive mechanic allows players to accumulate in-game currency through regular gameplay. Additionally, players can complete quests, join leaderboards, and use boosts to increase their earnings, making Notcoin an enjoyable and accessible entry point for newcomers to blockchain gaming.
As a standout GameFi project, Notcoin has attracted over 35 million users with its engaging gameplay and viral growth. The game fosters social interaction by enabling players to form squads, invite friends, and participate in community-driven activities, creating a strong, active user base and a vibrant community on the Telegram platform.
The price of Notcoin (NOT) on WazirX is 0.0214174 USDT today. According to CoinMarketCap, the 24-hour trading volume is $4,352,378,970, with a circulating supply of 102,719,221,714 NOT and a market cap of $2,202,233,037.
Notcoin (NOT) made a remarkable rally, with a weekly increase of over 265%. This surge was fueled by the daily trading volume for Notcoin, which surged by over 220%, surpassing $4.5 billion, making it the fourth most traded crypto within a week. Additionally, increasing whale activity, with large investors showing growing confidence in Notcoin’s future, has bolstered its market value to $2.43 billion. Analysts predict continued upward momentum as user engagement and ecosystem growth drive further price increases.
#2 JasmyCoin (JASMY)
JasmyCoin (JASMY) is a crypto project from Tokyo-based IoT provider Jasmy Corporation, which focuses on buying and selling data. The Jasmy platform connects service providers with data users, aiming to restore and protect individual data sovereignty by merging IoT and blockchain technologies. This ensures users have full control over their personal information.
This crypto aims to create a secure environment for trustless data exchange between IoT devices (computers, cars, phones) and decentralized protocols. Using edge computing and IPFS (InterPlanetary File System) for data storage, Jasmy promotes data democratization, where users retain data ownership while service providers leverage this data to promote their services.
The price of JasmyCoin (JASMY) on WazirX is INR 3.038 today. According to CoinMarketCap, the 24-hour trading volume is $449.46M, with a circulating supply of 49.3B JASMY and a market cap of $1.69B.
JasmyCoin’s prices have surged recently due to a 300% increase in trading volume, reflecting strong investor interest and market confidence. Speculation about a potential partnership with Apple has positioned JasmyCoin as a top contender to reach a $1 price target by 2024.
The crypto has shown impressive growth, with weekly and monthly value increases of 70.7% and 123.5%, respectively. Key developments like an AI-focused incubation program and lock-up announcements bolster this bullish trend. JasmyCoin’s partnership with Apple’s ecosystem could significantly enhance its utility and adoption, driving further market optimism and price gains.
#3 Celestia (TIA)
Celestia represents a novel approach to blockchain networks, introducing modularity to their design and functionality. Unlike conventional blockchains that integrate consensus, data availability, and execution into a single layer, Celestia segregates these functions, offering a more adaptable and scalable infrastructure.
This modular structure positions Celestia primarily as a decentralized data availability layer, ensuring accessibility and verifiability of block data for all users. Through this separation, Celestia empowers developers to construct custom execution environments or ‘rollups,’ facilitating various applications with specific governance and scalability needs.
Conventional blockchains often struggle with the trilemma of decentralization, scalability, and security. Celestia tackles these challenges by furnishing a foundational layer focused solely on consensus and data availability. This approach alleviates the burden on developers to construct secure and scalable networks from scratch, fostering easier interoperability between disparate blockchains.
The price of Celestia (TIA) on WazirX is 11.52 USDT today. According to CoinMarketCap, the 24-hour trading volume is $113,282,825, with a circulating supply of 188,166,815 TIA and a market cap of $2,087,112,273.
The recent surge in Celestia’s prices can be attributed to several positive performance indicators. Notably, Celestia (TIA) displayed resilience amidst market volatility, recording consecutive gains at the beginning of the week. This momentum culminated in a notable spike of 26.2% from May 26 to 28, accompanied by its largest intraday gain of 14.86% on May 28.
Reclaiming the $11 mark for the first time since April, Celestia reached a one-month high of $11.96 on May 29 before encountering resistance. Despite subsequent corrections, Celestia remained above $11, bolstered by increased accumulation on May 28, indicating sustained investor interest and optimism. Currently trading at $11.52, Celestia’s challenge lies in defending the $11 level to maintain its bullish trajectory, with $11.97 presenting a pivotal resistance point on its path to further price appreciation.
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
