Cryptocurrency has become a household name over the last few years, and it’s not just because of the bitcoin hype. Many other cryptocurrencies have emerged and gained significant attention from the public, investors, and traders. In this article, we will take a look at the price predictions of some growing cryptocurrencies, including Nest Protocol, Jasmy, and Suku.
Nest Protocol (NEST)
Nest Protocol is a decentralized price oracle platform that facilitates accurate market prices for other decentralized applications. The Nest Protocol aims to solve the problem of price manipulation in decentralized finance (DeFi) projects by providing a reliable, decentralized, and tamper-proof source of pricing data.
Since its launch in 2019, Nest Protocol has seen steady growth, and according to CoinMarketCap, the NEST token’s market capitalization stands at $359 million at the time of writing. The token’s value has also experienced significant growth, jumping from $0.0112 in January 2021 to its highest point at $3.22 in April 2021. However, like most cryptocurrencies, it has also gone through periods of fluctuations and corrections, and currently stands at $0.60.
There is no doubt that Nest Protocol has shown significant promise; however, it is essential to consider that the cryptocurrency market is highly volatile, and price predictions are not always accurate. Nevertheless, some analysts and experts have offered their take on the future price of NEST.
Wallet Investor predicts that the Nest Protocol token will rise to $2.20 in the next five years, indicating a significant increase from its current price. This prediction, however, could be considered conservative, as some experts project an even further increase in its value. Crypto Research Report predicts that NEST’s price could reach $8.05 by 2025, indicating a positive outlook for the token.
Jasmy (JASMY)
Jasmy is a decentralized exchange (DEX) that seeks to establish a seamless peer-to-peer trading of both digital and physical assets. The platform aims to leverage blockchain’s immutability and transparency to offer a secure, low-cost, and user-friendly trading experience.
Jasmy’s JASMY token has been on the rise since its launch in 2018, and the cryptocurrency currently boasts a market capitalization of $61.8 million, according to CoinMarketCap. However, like most cryptocurrencies, JASMY tokens have experienced significant fluctuations, hitting a high of nearly $1.00 in early 2019 and currently standing at $0.0296.
Despite the uncertainties and challenges in the cryptocurrency market, some experts predict a bright future for Jasmy’s JASMY token. The platform has continued to expand its offerings, including NFT marketplaces and cross-chain trading, which could increase its overall value.
Wallet Investor projects a stable increase for the JASMY token, forecasting that its value will increase from its current $0.0296 to $0.0527 by the end of 2022. Similarly, Digital Coin Price forecasts an even more optimistic view, predicting that the JASMY token’s value will increase to $0.0518 within a year.
Suku (SUKU)
Suku is a blockchain-based platform that seeks to revolutionize supply chain logistics. The platform allows enterprises and organizations to track their products’ supply chain journey from creation to consumption, reducing fraud and supply chain risks.
Suku’s SUKU token has enjoyed massive growth since its launch in 2019, according to CoinMarketCap, and currently stands at a market capitalization of $40.5 million. Its price has also experienced fluctuations, with its highest point at roughly $0.34 in April 2021 and currently valued at $0.18.
Despite the uncertainties in the cryptocurrency market, some experts predict bullish growth for Suku’s SUKU token. The company’s recent partnerships and expansion to new markets have also increased investor confidence in its overall potential.
CryptoGround predicts a stable increase in the SUKU token’s value, forecasting that it could rise to $0.323 by the end of 2022. Similarly, Digital Coin Price projects that the token’s price could rise to $0.32 within a year.
Conclusion
Investors, traders, and the general public always seek to make informed decisions on their investments. While cryptocurrency investments carry significant uncertainties and risks, price predictions can offer some insights into the cryptocurrencies’ potential growth.
This article highlighted some price predictions for Nest Protocol, Jasmy, and Suku, showcasing some cryptocurrencies that offer promising prospects. It is essential to remember, however, that cryptocurrency price predictions are not always reliable and that unforeseen events can impact their overall outlook. Therefore, it is always prudent to conduct thorough research and knowledge gathering before investing in any cryptocurrency.
On April 30, 2023, the cryptocurrency market continued its volatile behavior, with Bitcoin approaching a key resistance level at $30,000. Despite this, some altcoins experienced impressive growth, including Tectonic (TONIC), Nest Protocol, Jasmy, and Suku. In this article, we’ll take a closer look at these three altcoins and provide some price predictions based on market trends.
Nest Protocol
Nest Protocol is described as the most important protocol after Ethereum. It’s a decentralized trading infrastructure that eliminates market makers and liquidity providers. The platform uses the Nest Oracle, Nest Assets, and Nest Craft to ensure efficient trading.
Nest price jumped sharply during the weekend as it reached a high of $0.03474. However, the bullish momentum faded, and traders started taking profit. The token still remains slightly above the 25-period and 50-period moving averages while the MACD is doing a bearish crossover.
Therefore, the outlook of the Nest price is currently bearish. However, analysts suggest that we can’t rule out the possibility of the token bouncing back as it attempts to form a double-top pattern, at least at $0.30, and as investors buy the dip.
Jasmy
Jasmy is a popular small-cap cryptocurrency that is often referred to as Japan’s Bitcoin. The token has seen a strong bullish trend in the past few months, jumping from a low of $0.0042 in March to a high of $0.0073. On the 4H chart, the token has also recovered from last week’s low of $0.0056 to around $0.007.
It has moved above the 25-day and 50-day moving averages, and the token is also approaching the key resistance point at $0.0074. It also seems to be forming a cup and handle pattern, which is usually a bullish sign.
Therefore, Jasmy will likely continue to rise as buyers approach the upper side of the cup at $0.0073. A move above that will bring the resistance at $0.0075 into view.
Suku
Suku is a small blockchain project that seeks to help grow the Web3 industry in sub-sectors like games and metaverse communities. Its ecosystem includes InfiniteWorld, CryptoDads, Chibi Inoz, and Crypto Monkz.
Suku’s price went parabolic on Sunday, rising to a high of $0.081 before quickly pulling back, a clear sign of a pump and dump. The token remains slightly above the 25-period moving average on the 4H chart.
Interestingly, the token was widely trending on social media platforms like StockTwits and Twitter. However, given the high illiquidity of the token, analysts don’t recommend trading Suku.
In conclusion, while the cryptocurrency market remains volatile, these altcoins are worth watching. Nest Protocol has bearish short-term prospects but could bounce back, Jasmy is showing some bullish signals, and Suku’s recent volatility makes it a risky investment. As always, we remind our readers to conduct further research before investing in any cryptocurrency.
