JasmyCoin gains major attention as its price continues to pump.

A crypto expert says JASMY is destined to break the top 10 crypto in the market.

JASMY price predictions are highly bullish between 7000% to 12000% pumps.

As JasmyCoin (JASMY) continues its upward trajectory, the crypto market reevaluates the position of this altcoin. Known as the Bitcoin of Japan, JASMY may just continue to climb the ranks. One crypto expert marks the asset as one destined to reach the top 10 crypto list.

Prediction: $JASMY destined to reach crypto top 10 list.

— Del Crxpto (@DelCrxpto) June 4, 2024

Indeed, the market sentiments for this asset is a bullish one as more and more traders flock towards the potential of JASMY and watch its price pump. Meanwhile, a bullish response to the post goes a step further and expects JASMY to break the top 5.

Meanwhile, another post talks about how JASMY has now finally entered the spotlight after months and months of calling attention to the project. Presently, JASMY has gained more attention in the eyes of the greater crypto community. 

We warned you about #JASMY and you ignored us… I wish people could understand fundamentals of a crypto instead of buying the hype…Once your favourite influencers will stop shilling your shitcoins, you will be left with the bag…$JASMY on the other hand will have a… pic.twitter.com/GpJOk0K6gj

— Ady G. (@adybull888) June 4, 2024

One could argue that this attention only came through after the bullish announcement of JASMY collaborating with Apple. With Japan’s My Number Card having been integrated onto JasmyCoin’s blockchain and the feature’s plan of being integrated onto iPhones next Spring, it is clear that JASMY and Apple are now working together.

Soon after the announcement, the price of JASMY pumped high thereby breaking through a major resistance level. Having broken through that, traders and analysts see no other resistance levels to breakthrough thus being certain that JASMY is on a straight trajectory to being its previous ATH set at $4.99.

Before the announcement, it was certain that JASMY would beat $5 this crypto bull season. However, after the Apple collaboration announcement, the price predictions for JASMY have now surpassed to higher numbers. 

Coming back to the post, the user talks about how many have missed the chance to get in on JASMY early and will now have to settle for a later entry. The post laments how easy it is in the crypto market to be led astray by influencers while a coin with steady growth over time is the way to go.

Read Also

Will JASMY Surpass the $1 Mark in 2024? Insights into JasmyCoin’s Future Growth

JasmyCoin (JASMY) Skyrockets: Apple Partnership Speculation Sparks $1 Price Target

Bullish JASMY Sentiment Accelerates JasmyCoin’s Price Trajectory to Hit $1-$5 Soon, Will JASMY Surpass $10?

Jasmy Pump Unstoppable, Surges Over 25% and Counting in 24 Hours

JASMY Price Pumped by Over 20% in Last 24 Hours Following Apple Collaboration via Japan’s My Number Card, Can JasmyCoin Break $1 Before August?

The post JASMY Destined to Break Top 10 Crypto in the Market, Says Crypto Expert, Can JASMY Break $10? appeared first on Crypto News Land.

TL;DR

Bitcoin surged to $71,700 amid record inflows into US spot Bitcoin ETFs.

BNB hit an all-time high of $710, surpassing major companies’ market caps, with forecasts suggesting it could reach $1,000.

Floki Inu’s market capitalization peaked at over $3.2 billion before a slight retracement.

BTC Headed North Again

The price of the primary cryptocurrency has been on an uptrend in the past few days, rising to as high as $71,700 on June 5. Currently, it hovers the $71,000 mark (per CoinGecko’s data), representing an 11% increase on a monthly scale.

The resurgence coincided with record figures related to spot Bitcoin ETFs in the USA. Those products witnessed a total inflow of almost $900 million yesterday, the second-best day since their approval in January. 

Numerous analysts believe BTC could soar even higher in the near future, assuming certain factors are in place. The X user, Captain Faibik, predicted a rise above $90,000 should the asset surpass the “crucial resistance level” of $71,300.

On the other hand, Ali Martinez assumed that a pullback is not out of the cards based on the TD sequential, which presents a sell signal on the four-hour chart. This technical analysis tool identifies potential price exhaustion points in the market and indicates when a trend is likely to reverse. 

Still, the X user thinks a fresh uptrend could eventually follow the potential setback.

BNB’s Success

The native token of Binance—BNB—has been making the headlines recently. Its price exploded to an ATH of $710 on June 5, while its market capitalization touched the $110 billion mark. Thus, BNB surpassed well-known companies such as Airbnb, Starbucks, UBS, and more.

The new peak was met with huge enthusiasm in the crypto community, with many industry participants envisioning a further rally. 

The X users Bluntz and Sheldon The Sniper forecasted a surge toward the $1,000 milestone, while BATMAN revealed that BNB is part of their portfolio. The trader admitted hopping on the bandwagon in 2017 when a single token was worth a mere $0.60.

“Close to 1200x makes it one of my top performers, only being beaten by my RUNE call,” the analyst stated.

FLOKI’s Progress

Another cryptocurrency that recently reached a new peak price is the dog-themed meme coin – Floki Inu (FLOKI). Its market capitalization briefly exceeded the $3.2 billion mark for the first time ever, thus flipping popular altcoins, including Monero (XMR), Arbitrum (ARB), Cronos (CRO), and more.

In the following hours, though, FLOKI’s value slightly retraced, with its market cap plunging below $3 billion. Currently, the token is the 46th biggest cryptocurrency and the fifth-largest in its cohort.

The post Bitcoin (BTC) Price Resurgence, Binance Coin (BNB) Hits a New ATH, and Meme Coins Fiesta: Bits Recap June 6 appeared first on CryptoPotato.

Crypto Peer-to-peer (P2P) transactions have gained popularity recently due to their convenience and ease of use. However, knowing the potential risks associated with P2P transfers is important. we have prepared this guide to offer insights into the common P2P scams in crypto transactions. We’ll also explore some essential tips to protect yourself from falling victim to these fraudulent activities
Can a Person Scam You with P2P Transfers?
Yes, scammers can take advantage of P2P transfers to defraud unsuspecting victims. They may employ sophisticated tactics to manipulate transactions, misrepresent payments, or impersonate reputable platforms or individuals. By understanding the common crypto P2P scams, you can minimize the risk of falling prey to these fraudulent schemes.
How Do Crypto P2P Scams Work?
P2P scams exploit the trust and anonymity inherent in peer-to-peer transactions. Scammers use various techniques to deceive individuals and trick them into releasing funds or sensitive information. Understanding these scams and staying vigilant to safeguard your money and digital assets is crucial.
What Are the Common Crypto P2P Scams, and How to Spot Them?
Proof of Payment Scams
Scammers can digitally manipulate payment screenshots to falsely claim they have fulfilled their part of the transaction. They pressure you into releasing funds or digital assets without verifying the receipt of payment. 
SMS Scams
SMS scams are a type of proof of payment scam where fraudsters send SMS text messages to victims that appear similar to notifications sent by banks or wallet apps. The messages falsely claim that the victim has received a payment from their counterparty. 
Here’s how you can protect yourself from proof of payment scams:
1. Always check your bank account or e-wallet to confirm the receipt of funds before marking a transaction as complete..
2. Be cautious and skeptical if your counterparty insists on releasing funds before confirming the payment's arrival.
3. To avoid falling for SMS scams, always verify the receipt of funds by checking your bank account or crypto wallet directly rather than blindly trusting the content of the text message. 
Chargeback Scams
Fraudsters initiate chargebacks, retracting payments made to their counterparties. They may use third-party accounts to process payments, making it easier to reverse transactions. 
One such example is the counterparty offering to pay you with a cheque deposit. This is because requesting a chargeback from cheque payments is very easy, making it most likely a scam. 
To avoid chargeback scams:
1. Verify that the buyer's name on the payment details matches their verified name on the P2P platform.
2. Do not accept payments from third-party accounts, as they pose a higher risk of chargebacks.
3. If someone insists on paying via a cheque, consider it a red flag and file an appeal immediately.
Man-in-the-Middle (MitM) Scams
In this scam, a fraudster pretends to be a reputable merchant on Binance, KuCoin, Bybit, etc and contacts victims through external channels, such as Telegram, WhatsApp, or social networks. They provide their bank account details and a link to a P2P ad and ask victims to confirm by copying them into the order page’s P2P chat. 
Unknowingly, the victim shares the scammer’s bank account details with an unrelated buyer on Crypto P2P Platform, who also has no clue about the scam. The victim releases crypto to the unrelated buyer, who sends their money to the scammer’s bank account instead.
Reversing a transaction or having the customer service team intervene and resolve the issue is impossible in such cases. Since the victim communicated with the fraudster and obtained the details via external communication outside the Crypto Exchange platform, and the funds were transferred to a third-party account unconnected to Crypto Exchange Merchant Crypto Exchange's customer support cannot offer a solution. 
To protect yourself from MitM scams, you must:
1.Only communicate within the P2P platform and avoid engaging in transactions outside of it.
2. Remind buyers that third-party transfers violate P2P transaction policies.
3. Double-check the counterparty's bank account details directly on the Crypto Exchange platform.
4. Do not trust offers or information received on external channels when making P2P trades on Crypto Exchange Platform.
Triangle Scams
Triangle scams involve two scammers simultaneously placing orders with the same seller. They exploit the seller's trust and urgency to release funds without proper verification. 
Here’s how a triangle P2P scam unfolds: 
Scammer A makes an order for 5,000 USDT worth of crypto (order A), and Scammer B makes an order worth 6,000 USDT (order B). Scammer B then transfers 5,000 USDT to the seller. 
At the same time, Scammer A marks order A as paid. The seller releases the crypto to Buyer A, thus completing order A for 5,000 USDT. Scammer B sends another 1,000 USDT to the seller, provides the 5,000 USDT payment proof they got from Buyer A, and pressures the seller to release digital assets under order B. 
Users who conduct triangle scams aim to pressure the seller to release funds immediately without verifying the transfer. It can be easy to release funds without verifying who initiated the transfer. If you're not careful, you could release the funds twice but only receive half or less of the assets you bought. 
To avoid falling victim to triangle scams during P2P trading, you must:
1. Confirm the receipt of all funds from pending P2P transactions before releasing any assets.
2. Be cautious with proof of payment provided by counterparties, as scammers may attempt to reuse them.
Crypto Exchange platform Imposter Scams
Scammers impersonate Crypto Exchange platform employees to deceive users and steal their funds. They contact potential victims through unofficial emails or social media accounts, requesting personal information and initiating fraudulent transactions. 
They could ask you to share your email address on the P2P chat window, claiming that the Crypto Exchange platform P2P Escrow service needs this information to confirm payment. They could then send you a phishing email similar to official Crypto Exchange platform communication and trick you into releasing your crypto first to receive payment. 
To stay safe from Crypto Exchange platform imposter scams, do the following:
1. Crypto Exchange platform will never ask you to complete a P2P transaction via email. Always release funds only after receiving payment through the P2P platform.
2. Never share personal information or offline contact information on the chat. 
3. Ensure that payments are submitted using the counterparty's specified payment method and that the name on the account matches the counterparty's verified name on Crypto Exchange platform..
4. Stay cautious of external offers or information received through unofficial channels. 
5. You can check the Crypto Exchange platform Official Verification Center to confirm the authenticity of the relevant channels.
Conclusion
While P2P transactions offer convenience, it's crucial to be aware of common scams and take necessary precautions to protect yourself. By understanding how these scams work and following the provided security tips, you can minimize the risk of falling victim to P2P fraud in the crypto market. 
Stay vigilant, be skeptical of offers that seem too good to be true, and always verify transactions and payment receipts before releasing any funds or digital assets. By following best practices, such as conducting transactions within Crypto Exchange platform's chat system, double-checking payment details, and reporting suspicious behavior to customer support, you can minimize the risk of falling victim to P2P crypto scams and protect your investments.