JUST price prediction: JST surges again
JUST (JST) is gaining attention once again as it experiences an activity boost in its decentralised lending protocol. The JustLend platform surpassed $5bn in total volume.
Its JST cryptocurrency has also seen a surge in value. As of 14 October, it was up 10% over the past week.
JST to USD
What is JUST?
JUST is a decentralised finance (DeFi) ecosystem that was developed on the Tron (TRX) blockchain. It has built a suite of different products to achieve its goal of providing a “fair and borderless hub”.
The JustStable cryptocurrency is at the centre of this ecosystem. It is a stablecoin that targets the price of $1. Every USDJ token is minted through investors depositing collateral into the system.
Its utility includes borderless payments and access throughout Tron’s decentralised apps (dApps).
Other products in the decentralised ecosystem include JustLend, the first lending protocol on the Tron blockchain that enables low-interest crypto loans.
The JUST cryptocurrency
The JST token, which uses the TRON20 standard, is another essential part to this suite of products. It can be used to mint USDJ and earn yield through providing liquidity.
JST is also a governance token, which finances and powers its decentralised autonomous organisation (DAO). JUST’s whitepaper said:
Just’s price history
The JST token went live on 7 May 2020. It opened at $0.008 and fluctuated around this mark for the following few months.
JST's all-time performance
Source: CoinMarketCap
It saw its first breakout in August that year as it was listed on the Binance cryptocurrency exchange. JST achieved a high of $0.092 on 11 August. From there is downtrended to a low of $0.01748 on 5 November.
JST’s most significant breakout to date came in the first half of 2021. It was accompanied by the Huobi Global exchange launching a trading campaign worth $200,000. The event started on 19 March and by 5 April JST reached its all-time high of $0.2083.
????@HuobiGlobal will soon launch #TRX, #BTT, #JST, and #SUN trading campaigns with Tesla Model Y and 200,000 USDT as rewards!
— H.E. Justin Sun???????????????????????? (@justinsuntron) March 19, 2021
????1st Campaign has begun! Trade #TRX, #BTT to win Tesla Model Y and 100,000 #USDT
????See below for more details https://t.co/X9DM6ExEM4 pic.twitter.com/gy6gJtibhj
After a correction to a low of $0.036 on 20 July, it did see a slight resurgence towards the end of 2021, along with the wider cryptocurrency market, to a high of $0.095 on 15 September. From there it downtrended and closed the year at $0.05397.
JST continued to follow the larger market trends and plummeted with the crypto crash of 2022. By the 19 September 2022, it had dropped to a 52-week low of $0.024.
Just has started to recover as its ecosystem witnessed a surge in activity. On 14 October, JustLend platform’s total volume surpassed $5bn. This followed TRON cryptocurrencies, including JST, being granted “statutory status as authorised digital currency and medium of exchange in Dominica”.
❣️Excited to announce that $JST is granted statutory status as authorized digital currency & medium of exchange in Dominica
— JUST Foundation (@DeFi_JUST) October 12, 2022
????Another breakthrough for #TRON and @DeFi_JUST. Let's keep building together???? https://t.co/viATkqoqqT
As the time of writing on 14 October, JST was trading at $0.027, up 10% over the past week.
Just price prediction round-up
As of 14 October, forecasters were divided on whether just can continue this surge.
The CoinCodex JST price prediction said there was neutral sentiment with 16 bullish technical indicators and 14 sell signals. The site’s just price prediction for 2022 suggested it could have fallen by 3% to $0.026 on 13 November.
Meanwhile, there were some more bullish longer term just crypto price predictions.
TechNewsLeader said it could have reached a maximum price of $0.04 in a year and $0.12 in five years’ time. Its just price prediction for 2030 suggested it could have rocketed to $0.53.
Similarly, PricePrediction said it could have climbed to $0.029 this year and $0.09 in 2025. By the start of the next decade, the just coin price prediction anticipated it could have reached $0.61.
A more gradual rise has been forecasted by DigitalCoinPrice which said JST could have averaged $0.02 this year. Its just price prediction for 2025 anticipated it could have achieved $0.07 and could have gone on to $0.15 in 2030.
When considering a JST token price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.
If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. And never trade with money that you cannot afford to lose.
FAQs
Is just a good investment?
JUST is building a hub of decentralised products, including a lending protocol and its own stablecoin. JST is the governance token powering this and it has seen a recent rally after a surge in protocol value. But this is not guaranteed to continue
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the JST token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.
Will just go up or down?
As of 14 October, forecasters are conflicted. CoinCodex expected a fall of 3% over the next month, but DigitalCoinPrice anticipated steady growth for JST.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the just token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.
Should I invest in just?
Whether you should invest in JST is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up.
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