JustStable or JUST is built on the Tron-20 smart contract. Tron itself, although employing and managing various kinds of assets, their daily use is questionable. Most probably due to their high volatility. USDJ is a stable coin that can use TRX to create USDJ. JUST is a further categorization of the USDJ stablecoin into a finance system. There are two main features of this coin: one is the decentralized governance where the JST (the utility token of JUST) holders have control in the currency according to their share. The second is the availability of the JST across the globe.
Recently, JST has been in the news. Bitexen is a Turkey-based cryptocurrency exchange. It has announced five new tokens to its listing. One of those five is JST. Although small (Bitexen has a daily trading volume of only $85 million), it is registered with the governmental institutions of Turkey. Also, there are only 150 currencies on the platform so $85 million seems to be concentrated in particular cryptocurrencies.
Currently, a lot of liquidity is being pumped into the coin. The value of USDJ has decreased to almost 90 cents. This means that decentralized collateral debts are being either liquified by investors or are being converted into JST. This might also explain its increase in price. The Stock Market is in a frenzy right now which might be having an effect on this pumping into JST.
Price Movement – Just (JST)
At the time when this article is being put down into words, the current value of the JST token is $0.06593 with a trading volume of $720,035,277. This is an increase of about 357.07% increase over the past twenty-four hours. There are currently 7.30 billion JST in supply out of the total 9.9 billion. JST has also been audited by SlowMist. They have declared it to be secure.
Although the coin has made a huge jump recently, its forecast isn’t showing anything positive. Wallet Investor predicts a value of $0.0477 by the end of 2022 and its value reaches only $0.0789 by 2026. Digital Coin Price, on the other hand, has been more generous with its forecast. It predicts that by the end of 2022, the coin will have reached a value of $0.0883 while by the end of 2025, its value is going to be around $0.1304.
