The Daily Breakdown dives into Jasmy and Floki, before diving into the charts for Morpho, which has doubled from its February low.
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Crypto Corner
We’re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the 110+ cryptoassets offered by eToro. Today we’ll discuss JasmyCoin and Floki.
JasmyCoin (JASMY): Currently trading near $0.005 with a market cap of ~$276 million
Jasmy is a Japan-based, IoT-focused blockchain project built around “data sovereignty” — giving users more control over how their personal data is stored, shared, and monetized. It combines blockchain with edge computing to support use cases like personal data lockers, secure identity tools, and smart-device coordination for enterprise and consumer IoT. JASMY is the network’s utility token, used for transactions, data access rights, and participant incentives, and it trades on major global exchanges. The token’s role is primarily functional within the data exchange ecosystem, with adoption driven by enterprise partnerships and real-world usage rather than any promised returns.
Floki (FLOKIxM): Currently trading near $2.90 with a market cap of ~$275 million
Floki is a dog-themed meme token launched in 2021, inspired by Elon Musk’s Shiba Inu. While it started as a meme coin, it has expanded into a broader ecosystem spanning DeFi, gaming, and education — including FlokiFi Locker, Valhalla, and Floki University. FLOKI is used across this ecosystem for things like payments, governance participation, and staking or liquidity-related incentives, and it trades broadly across crypto markets. The token’s value is tied to ecosystem adoption and market demand, with no promised returns or built-in profit distribution mechanism.
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The Setup — Morpho
While the crypto space is still trying to find its footing, Morpho has doubled from its February low. Now hovering near the $2 mark, it’s sitting just below key resistance in the $2.10 to $2.20 zone. If Morpho can break out over this zone, it could usher in more bullish momentum. However, if this area remains resistance, Morpho may need more time to consolidate its recent gains.
Check out the charts for MORPHO.
What Wall Street’s Watching
ORCL
Shares of Oracle are jumping this morning, up about 10% after the firm beat on earnings and revenue expectations. Sales jumped 22% year over year and management raised its full-year outlook. Dig into the fundamentals for ORCL.
SPY
S&P 500 focused ETFs like VOO and SPY will be in focus today as oil prices gyrate and the CPI inflation report hits at 8:30 a.m. ET. A hot reading could rattle investors — especially since the recent surge in oil prices likely isn’t reflected yet. A cooler print could ease concerns around inflation and interest rates. Follow the news for SPY.
Disclaimer:
Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.