In a market that’s currently experiencing a slowdown, with a global market cap at $2.64 trillion, Bitcoin trading above $71,000, and Ethereum at approximately $3,800, the momentum for altcoins has also decelerated. Despite this, a few cryptos are showing significant potential for substantial gains. Among them, JasmyCoin (JASMY), Injective (INJ), and Wormhole (W) stand out
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In a market that’s currently experiencing a slowdown, with a global market cap at $2.64 trillion, Bitcoin trading above $71,000, and Ethereum at approximately $3,800, the momentum for altcoins has also decelerated. Despite this, a few cryptos are showing significant potential for substantial gains. Among them, JasmyCoin (JASMY), Injective (INJ), and Wormhole (W) stand out as promising contenders for a 10X profit this week. Let’s delve into these cryptos and their ability to potentially yield 10X in profits for investors.
1. JasmyCoin (JASMY)
JasmyCoin has experienced a significant increase in value, currently sitting at $0.04292, with a a growth of 12.95% in the last day, 44.31% in the last week, and a 141.24% in the last month.
The market capitalization has increased to $2.12 billion, driven by a trading volume of $407.2 million in 24 hours, showing a growth of 103.06%. The ratio of volume to market cap is a strong 19.20%, showing strong trading activity.
The recent surge in JASMY’s price is attributed to increased whale activity. Analysts from Santiment have noted that transactions over $100,000 on the JASMY network have more than doubled compared to the average in 2024. This suggests significant accumulation by large holders.
A prominent crypto analyst, Steph is Crypto, has identified a bullish signal on JASMY’s price chart. He highlights that the EMA ribbons on the weekly timeframe have flipped bullish. This pattern mirrors a similar flip in 2023, which was followed by a massive 841% price rally.
JasmyCoin is the brainchild of Tokyo-based IoT provider Jasmy Corporation. The project aims to integrate physical and digital elements through secure data transmission, emphasizing user control over personal information.
By merging IoT and blockchain technology, Jasmy offers a platform for secure data exchange, utilizing edge computing and IPFS for safe data storage. This innovative approach ensures data democratization, making personal data valuable assets in a decentralized framework.
2. Injective (INJ)
Injective Protocol token is another potential assets among cryptos promising lucrative profits. Currently trading at $29.46, displaying a strong performance with an 11.29% rise in the last day, 18.92% over the last week, and 24.77% in the past month.
Boasting a market cap of approximately $2.75 billion and a 24-hour trading volume of $184.9 million, INJ has caught the interest of investors. It is positioning itself as a strong contender in the trading sector.
Injective Protocol is a decentralized derivatives platform supporting various financial products such as spot trading, perpetual swaps, and futures, with low fees and high speeds.
The platform utilizes the Cosmos SDK and Ethereum for scalable trading governed by the community. The protocol enables cross-chain trading, making it more attractive to traders looking for efficient and affordable trading options.
Injective’s outlook has been strengthened by recent developments. The protocol released a comprehensive paper detailing the core utilities of the INJ token and its deflationary mechanisms.
The increasing token burn auctions aim to reduce supply and potentially drive up the token’s value. Over 12,266 tokens were burned recently, with a planned total of 6 million INJ set to be burned.
Additionally, Injective’s collaboration with DojoSwap to launch the Injera protocol and introduce USDi, a decentralized synthetic dollar, is expected to boost total value locked (TVL) and trading volume. This initiative will generate fees for ecosystem participants.
3. Wormhole (W)
Wormhole (W) closes our list of top cryptos to watch out for 10X profits. Priced at $0.6802, the token has recorded a 9.83% increase in the past day, 17.63% over the past week, and 9.00% in the last month.
Its market cap stands at $1.22 billion, with a significant 24-hour trading volume of $238.2 million, reflecting a 152.10% surge. This rising trend indicates growing investor confidence in Wormhole’s advancements.
Wormhole is renowned for its interoperability platform that supports multichain applications and bridges, providing access to liquidity and users across over 30 leading blockchain networks.
This functionality spans various use cases, including DeFi, NFTs, and governance, making Wormhole a critical infrastructure for decentralized ecosystems.
Recent strategic initiatives, such as the Stake for Governance feature, enhanced security measures, and key partnerships, have contributed to Wormhole’s price surge and trading volume.
The network’s trustworthiness and extensive use by prominent teams like Circle and Uniswap underscore its importance in the crypto space. With over $40 billion transferred through more than 1 billion cross-chain messages, Wormhole is a testament to the growing need for seamless cross-chain interactions.
Conclusion
Even though the crypto market is generally slow today, JasmyCoin, Injective, and Wormhole show promising potential for substantial profits. The cryptocurrencies may see a significant 10X profit this week due to their cutting-edge technologies, strategic advancements, and higher whale involvement. Investors should always thoroughly research and evaluate the risks before making any investment decisions.
The post 3 Cryptos With Potential 10X in Profits This Week appeared first on CoinGape.
