JST Coin price Prediction – why is it rising? Review and Chart 2022
JST Coin Price Prediction 2024
JST Coin It is among the crypto coins traded on stock exchanges. JST Coin comments and analysis, which are carefully followed by stock market investors, attract great attention. You can follow us and benefit from the information here.
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JST Coin ?
JUST is a decentralized stableCoin platform running on the TRON blockchain. JST is also the token of this platform. By staking JST tokens, users can vote on the network and enjoy rewards.
It is also possible to earn JST through mining, trading and participation in campaigns. However, mining here is different from the crypto currency mining system we know. JST mining can be done by depositing money, lending, providing liquidity or performing other financial transactions.
The most striking aspect of the JUST platform is the USDJ stable Coin . USDJ is a collateral-based decentralized stableCoin that is pegged to the USD at a ratio of 1:1 and keeps the exchange rate stable with an automatic feedback mechanism. It can be earned through staking and trading.
JUST is backed by the JUST Foundation. Half of the foundation’s technology team comes from major internet companies such as Alibaba
, Tencent and IBM. Meanwhile, JUST’s financial analysts have experience in investment banks around the world, according to the information provided on the platform’s official website.
JST’s total supply is 9 billion 900 million units. The circulating amount of JST is 7 billion 300 million units. 74 percent of the total supply is in circulation. As of March 31, 2022, the market value of JST is $778 million. The high of JST is at $0.21 and the low at $0.0047. JST has increased by 5274 percent since its first day on the market.
Why is JST Coin rising?
The first reason for the rise in JST is that the market is generally positive. AltCoin s started to see double-digit increases as the number one cryptocurrency BitCoin faded after the rise. In addition, the user activity of the JUST platform has increased significantly in recent days. JustLend statistics showed that users had increased by 78 percent and transactions by 60 percent the previous day. In addition, the total value of locked assets in JustDeFi has exceeded $7 billion 300 million. However, the value of locked assets in the TRON network approached $ 10 billion. The increase in the use of a platform undoubtedly ensures that the token of that platform is also appreciated. JST is up 100 percent from $0.06 to $0.117 in the last 24 hours.