What Drives the Growth of JMPT’s Market Value
- The value of JumpToken (JMPT) grew by 20.7% throughout March, most noticeably – after the introduction of the new earning module.- Each partner buys JMPT to pay users for completing tasks. Every JMPT purchase they make is a boost for the token’s demand.- Crypto investors have noticed the growth and started to buy JMPT as a long-term investment.- The limited JMPT supply is made even smaller by both investors and users who decide to HODL their earnings, thus growing the market value of the token.
Gone are the days when stock markets were the major investors’ one and only playground: these days, more and more of them are also looking into cryptocurrencies. They certainly know what they’re doing: according to CoinMarketCap, this global market is currently valued at just over $2 trillion! However, aside from a chance to make mind-blowing profit, it also offers massive risks: with a choice of almost 10,000 cryptocurrencies currently available, it’s a real challenge to pick the ones worthy of a serious investment.
Crypto enthusiasts swear the road to the highest gains is paved by getting your hands on a strong crypto project while it’s new and yet to come into its full force and value. To identify true potential, they carefully review project visions, roadmaps — and, of course, price charts.
Initially launched on January 13, JumpToken (JMPT) has experienced value fluctuations just like any other crypto. In particular, it had a very successful March: in 30 days, the token’s price rose from $1.88 to $2.27. In the graph below, you can notice clear jumps in value at certain points — and in this article, we’re going to explain how they happen, exactly.
Growing Demand for JMPT
At the time of JMPT’s launch, the entire amount of tokens was created at once — which means that JMPT has a limited supply. While a massive part of it remains locked for now and will only be released based on the project’s factual needs, the team is not planning to create any new tokens in the future.
The demand for the token, on the other hand, keeps growing, as JumpTask introduces new earning modules and new partners. Having initially started with one earning module and one partner, JumpTask introduced its second module called Offerwalls in March, along with 3 new partners — AdGem, AyE Studios, and Offertoro.
Offerwalls were launched on March 21, and Offertoro joined the platform on March 28. If you revisit the graph above, you’ll notice clear jumps at around both of these dates.
The Money-Making Loop
Now, how does this work, exactly?
First and foremost, every new partner who joins the JumpTask ecosystem brings new microtasks to the table. To be able to compensate the users for completing them, they need to buy JMPT. And it’s not a one-time purchase, either: as long as they want to get their microtasks completed, the partners need to always have a sizable JMPT balance.
When crypto investors notice others buying a certain crypto in copious amounts, they get eager to join in before its price jumps even higher. Looking to take advantage of the rising prices, they hurry up and buy the crypto in question — JMPT. In doing so, they actually cause it to grow in value by boosting the demand.
In addition to this, not every user sells the JMPT they earn — some choose to HODL and wait for the price to rise even higher, thus lowering the amount of tokens available in the market.
Add a very limited supply to ever-rising demand, and you’ve got yourself a foolproof recipe for a skyrocketing market value.
It’s important to note that JumpTask is planning to introduce staking in Q2 — which means the users will be able to earn crypto for locking up some of their JMPT for a predefined period of time. What this means is, there will be even less tokens freely available to purchase on the market — while the demand is still on the rise.
JumpTask plans to introduce 15+ earning modules in total and an even higher number of partners who supply the microtasks to the platform. Therefore, these jumps in JMPT’s price are far from the last ones you’ll see — and if you were looking for the perfect investment… you might have just found one.