JASMY, QNT, MEW: Top Cryptocurrencies to Watch This Week

The cryptocurrency market has been riding a wave of bullish momentum, culminating in the global market cap surging by $220 billion to a record-high valuation of $3.8 trillion as of Sunday. While Bitcoin has been the standout performer, surpassing the $100,000 milestone, several altcoins have also made significant strides. Here are the top cryptocurrencies to keep an eye on this week:

JASMY Hits a Two-Year Peak

JasmyCoin (JASMY) has emerged as a standout beneficiary of the recent market uptrend, riding a wave of momentum since November 27. The Ethereum-based token closed the week with an impressive 69% gain, with notable intraday performance on December 3, when it surged by 27.49% — the largest single-day increase in nearly 10 months. By December 5, JASMY reached a two-year high of $0.0590 before retreating to $0.047.

JasmyCoin, introduced by Jasmy Corporation, focuses on addressing data security concerns through its Ethereum-based platform. As an ERC-20 token, it plays a pivotal role in empowering users with control over their personal data.

Key Levels to Watch:

• JASMY must hold above $0.03912 to prevent steeper declines.
• Immediate support lies at the 20-day moving average at $0.03178.

QNT Posts a 67% Weekly Rally

Quant (QNT) leveraged the broader market’s bullish momentum to record a substantial weekly gain of 67%, marking one of its strongest performances this year. The token operates as an ERC-20 utility asset for the Quant blockchain project, which aims to enhance interoperability between diverse networks via its Overledger Network.

QNT’s upward trajectory has been supported by an ascending channel since early November. The lower trendline at $96 served as a crucial defense for the bulls on December 1.

Key Levels to Watch:

• QNT must sustain above the Fibonacci 0.618 retracement level at $126.3 to maintain its bullish channel.
• Breaking above $170.7 could trigger the next explosive rally.

Project Highlights: Quant’s Overledger technology facilitates seamless connectivity between blockchains and traditional systems without requiring infrastructure changes. It enables the creation of multi-chain applications (mDApps), addressing critical use cases in finance, healthcare, and supply chain industries. Notable partnerships include Oracle and Hyperledger, underscoring its focus on regulated markets.

MEW Consolidates Below $0.01

Cat in a Dog’s World (MEW), a cat-themed meme coin on the Solana blockchain, has been consolidating despite the broader market’s bullish sentiment. Launched in March, MEW distinguishes itself in a market saturated with dog-themed tokens, burning 90% of its supply at launch and partnering with LOCUS Animation Studios to produce a 3D animated series. These initiatives have bolstered its narrative and attracted attention within the Solana ecosystem.

After a brief 4.62% gain on December 1, MEW faced a two-day decline of 7.32%, retesting the $0.0083 low before stabilizing at $0.009.

Key Levels to Watch:

• MEW needs to reclaim the pivot level at $0.010016 to shift momentum.
• Resistance levels are positioned at $0.01204 and $0.01329.

Indicators:

• The MACD is flashing bearish signals, necessitating a recovery above key levels to confirm a bullish reversal.