Market analysts note that a huge amount of JASMY is being withdrawn from cryptocurrency exchanges. It looks like the recent drop was the perfect opportunity for many traders to pump up their JASMY holdings in preparation for the gold phase of the crypto bull cycle - in the last 24 hours alone, 208,786,287, or $6.2 million, of JASMY were transferred from Binance to cold wallets.

Specifically, over 11.3 million JASMY were redeemed through Crypto.com, over 29.85 million JASMY were redeemed at gate.io, and over 50.6 million JASMY were redeemed from KuCoin. This is considered to be an extremely bullish signal for the long-term price of JASMY.

It is noted that the JASMY correction is almost close to completion, as the asset reached $0.029 yesterday. This matched the JASMY buy order placed by renowned crypto trader and analyst Dr. Profit, who said he would buy JASMY at $0.029.

Overall, expectations for JAMSY's price to surpass its old ATH are quite optimistic and the price is expected to surpass $5 this cycle. Adding to the optimism, the JASMY team expects the JASMY price to reach $17 by 2026.