SHORT JASMY?
Jasmy has been soaring high since 3 days ago. The question is, Is it a good time to short?
First, let's take a look at the paramaters of the coin. Jasmy is the utility token of the Tokyo based Internet of things provider, "Jasmy Corporation." Jasmy specializes in buying and selling users data, and its platform connects internet service providers and users. Sounds good, unique, and feasible.
Second, lets take a look at the token distribution. As of now, the token has 60,000 holders. The top holder is binance owning 14% of it. Next is an individual wallet holding 5%. The rest are barely 3% of it. In my opinion, the token distribution is fair. You can scratch market manipulation out of your worry list.
Third, lets take a look at the market capital. Jasmy has a market capital of 900Million. Yes, its definitely huge for a newly launched token. But hey, you know that it has the potential to reach 1 billion.
So to answer the question, in my opinion, PLEASE DON'T SHORT JASMY, you'll get rekt. I'm not saying that it wont go down. My point is, this is seriously a good token. honestly if i had the chance to look this up before, I would have been stacking at every dip.
The best way to go, is to buy each time it dips.
PLEASE FOLLOW ME. thanks 😊
