The driving force behind these altcoins

by SK
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Jasmycoin experienced a significant increase of 30 % in 24 hours, but major cryptocurrencies, including Solana and Etherna and Etherna, showed about 4 % modest profits. X traders believe that they are mainly driven by positive market conditions and can continue their bullish momentum. ARWEAVE’s recent 26 % rise in price rises will lead to improving mining efficiency and strengthening security measures for distributed storage networks following the 2.9 upgrade release.

Most major ciphers have been relatively stable in the past, with Solana (SOL) and Ethereum (ETH) are the largest Mover in market capitalization, changing 4 % over 24 hours.

Related: Trump orders shake the bitcoin cycle: Bitwise CIO will see $ 2,000 in the ETF boom in the future

Among the largest AltCoin winners, Jasmycoin (Jasmy) increased by nearly 30 % in the past 24 hours. Currently, coins are trading for US $ 0.30 (au $ 0.48), but in 2021, the highest (ATH) $ 4.99 (about 8 $ 8) in history.

Jasmycoin (jasmy), daily graph, source: Coinmarketcap

Jasmycoin is a JASMY Corporation project in Tokyo, led by former Sony executives such as Kunitake Ando and Kazumasa Sato.

Traders mean to build bullish momentum for Jasmy.

Jasmy was released in 2021, integrating IoT and blockchain so that users can completely control data. Connect a service provider and a user to enable safe and unreliable exchanges between devices such as computers, cars, and telephones.

Focus on democratization and privacy of data, use edge computing and IPF to ensure user control while supporting service providers to strengthen their services.

Jasmy’s price has surged because the federal preparation system has not changed interest rates, and the European Central Bank has reduced the interest rate by 25 Basis points.

Crypto Analyst Moon whales predict that the current trend and patterns have a great possibility of rising prices.

JASMY (IS) has a powerful bounce off support by increasing the bullish momentum and monitoring it for this falling explosive movement for breakouts from this falling wedge.
Whale whale
Source: Moon whale/X

ARWEAVE Upgrade 2.9 increases the price

Another notable acquirer in the past day is Arweave (AR). This is currently trading for $ 16.61 (au $ 26.75), looking at a 26 % rise in daily charts.

Arweave (AR), daily graph, source: Coinmarketcap

Distributed storage network has recently introduced Arweave 2.9 upgrade. According to the developer team, this should be more efficient and security by reducing the cost of computing the mineral, strengthening security through improvement of entropy processes, and contributing to a more robust storage market through an increase in participation. 。

Related: Arthur Hayes predicts that the mini financial crisis will force 30 % of BTC corrections.

ARWEAVE founder Sam Williams, the CEO of forward -research, stated in a statement on January 27 that these improvements can “secure the future of digital information”. I did it.

This is an important step in realizing a truly dispersed and permanent web vision that knowledge will withstand future knowledge.
Sam Williams, the founder of Arweave and the forward -research CEO

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