The JasmyCoin price is now on the cusp of a bullish breakout as the Jasmy Chain testnet goes live. With JASMY now serving as the native gas token, the stage is set for increased price growth and adoption.
Amidst this backdrop, analysts and market experts remain bullish about the JasmyCoin price’s potential performance despite its prevailing bearish trend. The cryptocurrency community closely watches the token as its bullish targets range from $1 to $3.
Jasmy Chain Testnet Goes Live
In the latest development, Jasmy Lab Inc. has launched a testnet for Jasmy Chain, the Ethereum-based Layer-2 network. Reportedly, this is a new version of the team’s “JANCTION Layer2” which is now rebranded and technically overhauled.
Arb Orbit
With the testnet launch, Jasmy Chain leverages Arb Orbit, built on Arbitrum Nitro, instead of the initially planned OP Stack. This change is likely to enhance the network’s performance and scalability.
Notably, Arb Orbit empowers developers with greater control over their Layer 2 chain design. They can tailor their chain’s configuration to meet specific needs, choosing between Rollup or AnyTrust mode. This keeps a balance between higher security and lower cost.
In addition, Jasmy Chain enjoys governance flexibility, allowing it to establish its own rules while remaining interoperable within the Arbitrum ecosystem. As an EVM-compatible platform, Jasmy Chain seamlessly integrates with existing Solidity smart contracts and tooling with minimal expense. This adaptability and developer-friendly approach makes Jasmy Chain a significant improvement over its predecessor on OP Stack.
JasmyCoin as Native Gas Token
Another important modification is the integration of JasmyCoin as the native gas token of the network. This integration is significantly made possible by Arb Orbit’s support for ERC-20 tokens as gas.
As a gas token, users could pay transaction fees in JASMY, making it more connected to the network. This also eliminates the use of Ethereum as an intermediary. By integrating the token into the core functionality of the blockchain ecosystem, the testnet expands its practical use cases beyond trading. This fosters a more robust and utility-driven ecosystem.
EVM Compatibility
The network establishes itself as an EVM-compatible Layer 2 blockchain with this testnet launch. It will support a wide range of applications and smart contracts, delivering low-cost, high-speed execution.
With full compatibility, Solidity developers could seamlessly port their existing dApps to Jasmy Chain. The platform also supports account abstraction (AA), enabling predictable fees and sponsorship mechanisms for a more user-friendly experience. It also reduces migration costs, allowing developers to easily transition from Ethereum to other L2 networks.
JasmyCoin Price Targets $1
Driven by these remarkable advancements within the Jasmy Chain, the JasmyCoin is expected to hit new highs. A prominent crypto trader known on X as High Altitude Investing shared an X post, expressing their confidence in the token’s future rally.
According to the monthly chart presented by the trader, JasmyCoin may hit $1 by 2027. After trading around the $0.05 level for a long time, the token has now shown a slight uptrend, hovering around the $0.07. The trader believes that this surge past the stagnant level indicates the coin’s continued positive sentiment. The token may hit $0.1 by July 2026, slowly heading towards the ambitious $1 by 2027.
Another crypto voice, Naveed, identified $0.016 as a major resistance level for JasmyCoin. Currently, JASMY is trading at $0.01519, up 1.14% and slightly below its resistance level. If it manages to break past $0.016, Naveed says that the coin will explode to strong highs at around $0.02.
Apart from these predictions, there exists a more ambitious target of $3 for JASMY. According to Crypto Peer, the cryptocurrency is poised for a massive 150x uptick in this bull run. According to this forecast, the token targets a bold $3.2 range as it surges past $0.015.
