Hedera and JasmyCoin are taking steps forward with new initiatives in 2023, though their efforts are facing serious competition in the market.
Hedera: Changes and Strategic Steps
Hedera (HBAR) has shown solid gains over the past month, climbing to $0.228 earlier in May before settling around $0.21. However, with altcoin momentum slowing, HBAR's short-term outlook remains uncertain. In addition to price changes, Hedera has undergone rebranding as 'Hedera Foundation' focusing on growth in DeFi, expanding partnerships, and improving tools for digital tokenization.
JasmyCoin: Future Plans
JasmyCoin (JASMY), trading around $0.018, is gearing up for a decentralized exchange launch and mainnet upgrades. The team is confident that the roadmap laid out for 2025 will bring a modest price increase, potentially up to $0.0249. However, they face stiff competition in the IoT and data privacy sectors.
Coldware: A New Threat on the Horizon
Coldware stands out in the Layer-1 race with its own blockchain and hardware solutions such as crypto-ready smartphones and laptops. Coldware's applications and devices are aimed at simplifying access to DeFi, payments, and decentralized applications, offering users a complete toolkit to solve real financial issues. This approach may attract users needing practical solutions in areas with weak banking infrastructure.
Hedera and JasmyCoin are making progress, actively working on long-term strategies, although they face significant challenges from new entrants like Coldware. Competition in the cryptocurrency space continues to intensify, prompting projects to adapt to the new market demands.
