JasmyCoin (JASMY) price has been trading in a downward trend since July, dropping by over 60% during that period. While such a fall can create uncertainty, crypto analyst Matthew Perry presented a different perspective in a YouTube video, drawing on years of experience holding JASMY token, building structured exit plans, and understanding how JasmyCoin behaves through full market cycles.
Perry's approach is informed by his long-term strategy, which began when the JASMY price was a fraction of a penny, long before it reached stronger levels. He explained that assumptions of project weakness often stem from a lack of understanding of earlier price levels or long-term cost basis strategies. His initial entry point, at 40% of a penny, provides the foundation for why he views the current pullback as a significant moment for study.
He emphasized that he has never expressed a negative outlook on JasmyCoin, noting that his portfolio has grown over time due to his cost basis remaining anchored at 54% of a penny. The JASMY price moving toward 70% of a penny and below did not negate his gains; instead, it reflected common market cycles that volatile assets experience before momentum rebuilds.
Strategic Accumulation Amidst JasmyCoin Price Decline
The fall in JasmyCoin price toward lower fractions has prompted Matthew Perry to increase his holdings. His current portfolio comprises 1.44 million units, with an additional 100,000 tokens stored securely in a hardware wallet, reserved for long-term growth irrespective of short-term market fluctuations. This deliberate structure allows him to take profits when higher price levels return.
Perry described how, despite JASMY token's sharp movements, patience often becomes the most significant advantage for an investor. He observed that investors entering the market at $0.03 or $0.04 sometimes expect rapid gains, a mindset that crypto markets rarely reward. He highlighted that slow, calculated accumulation during weaker periods was instrumental in his profitability long before JASMY gained widespread attention.
Fundamental Strength of JasmyCoin Token
JasmyCoin currently holds a market capitalization of approximately $363 million, with a trading volume near $30 million. The circulating supply stands at 49 billion out of a total of 50 billion, a level of transparency that many tokens struggle to achieve. Matthew Perry stated that this structure positions JasmyCoin as a grounded, long-term contender rather than a fleeting hype asset.
While the JASMY price still reflects broader market pressures, the underlying framework of the token remains stable. Discussions around utility, consistent interest across market cycles, and a predictable supply are key reasons why Perry believes the project has significant room for future growth. He argued that chart weakness does not equate to weakness in the asset's long-term outlook.
Opportunity Arises Amidst Market Fear
Crypto corrections can be daunting, especially when they persist for months. Matthew Perry, however, frames these periods differently. From his perspective, JasmyCoin resembles a sleeping giant, with price retracements expanding long-term profit zones rather than diminishing them.
He shared an instance of investing an additional $4,000 into the asset during the decline, acknowledging that while this did not yield another million units, it still secured a substantial 500,000 tokens. This decision underscores his strong conviction that strategic timing during weaker market phases can lead to far superior outcomes compared to chasing peak prices.
The decline in JasmyCoin token did not prompt him to withdraw; instead, it reinforced his conviction. The structure he established allows him to benefit from both low entry points and subsequent rallies.
Matthew Perry expressed continued confidence in JasmyCoin's future trajectory. He anticipates growth toward $0.01, $0.02, $0.05, and beyond, recognizing that this journey will unfold over time, aligning naturally with the market cycles he has observed across numerous assets. His long-term positioning means he focuses on overarching market trends rather than daily price swings.
His message is particularly aimed at newer holders who discovered JASMY token during its recent decline. He reiterated that a drop toward fractions of a cent has not weakened his position; rather, it has reinforced the importance of proactive planning. Strategic entries, consistent accumulation, and patience have allowed him to remain profitable while volatility has caused others to exit the market.