One of the DeFi projects of a new generation providing the whole set of the collateral functions is JUST, built on TRON blockchain. Even though the token wasn’t showing great performance in the last couple of weeks as the crypto market is going through a massive downtrend, experts see the bright future fr the project and consider it as a profitable long-term investment.
JUST Price Prediction: Can JST Crypto Hit $1 in 2022?
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JUST Fundamental Analysis
Just is a popular new Decentralised Finance ecosystem on TRON blockchain. It includes several products centered around a decentralized stable coin lending platform called JustStable. It was launched in August 2020 and its native currency JST has been in circulation since May 2021.
The platform is designed to be a fair and borderless hub of DeFi products accessible for any TRON user. It is created and managed by JUST Foundation and consists of professionals with experience in Alibaba, Tencent, IBM, and other internet companies.
Unlike many similar projects JUST offers not a single product for a subset of DeFi users, it aims to create an entire set of the products to fulfill several use-cases that will form a complete DeFi ecosystem on TRON. Currently, the ecosystem includes four products: JustStable — decentralized multi-collateral stablecoin platform, JustLend — TRON-powered money market protocol, Just Swap — an automated market maker platform for trustless TRC-20 token swaps and the creation of permissionless liquidity pools, JustLink — the first decentralized oracle system for supplying smart contracts with the real-world data, cross-chain tokens — the coins from other networks that have been tokenized on TRON and can be used within JUST ecosystem.
Just is a two-token ecosystem built around JST and USDJ tokens. USDJ price is pegged to the USD dollar and JST is created for certain purposes of the network. USDJ can be obtained through depositing collateral as the collateralized tokens including TRON and others. The assets are then exchanged to PTRX tokens and locked as a collateralized debt position.
JST is the native token for the dApps governance and the various protocols of the Just ecosystem. The users can mine and trade it, and also get from participating in the campaigns. The governance is performed through decentralized voting by the token holders that can make decisions on incentives, pooling efforts, and the next-generation DeFi ecosystem.
JUST Live Price Chart
After the overall bullish run of the crypto market that affected the price of the JST token in the spring of 2021, the asset price lost almost 50% of its value in one day on May 19. For the next month until June 20, the JST price chart was stable and the token was traded for around $0.07.
The following period also has taken the price to another downtrend with the asset price falling to $0.03 and staying around this level till the end of July. The situation changed with the new turn of the bullish run of the crypto market. From August, 1 the asset started to gain in value. JST price chart stayed bullish till the middle of September when the asset reached $0.09. It was followed by the market correction pulling the asset off tp $0.05.
In the first week of October token went for a new cycle of price growth, reaching $0.09 on October 9. The price was slightly corrected the following week before stabilizing at around $0.07.
The asset maintained the same price level till the end of November, and at the beginning of December, JST price started to go down again. At the end of January, the asset hit its lowest in a long time ($0.03), but recovered in the last couple of days and is currently traded for $0.056. The analysts don’t expect the token price to grow in the nearby future but are concerned that the asset will gain value in the long run.