This article will analyze the JST coin according to www.coinmarketcap.com data. First, we will discuss the JST coin and its projects and make technical and graphic analyses. The analysis we will do in the weekly period will help the investors to take risks and manage their portfolios.
What is JST Coin?
JST Coin is a cryptocurrency that runs on the TRON blockchain. It is the native token of the JUST platform, a decentralized lending platform that aims to provide users with low-cost financial services. The forum operates on the TRON blockchain, and the community of token holders manages its governance.
What are the projects of JST?
One of the primary projects of JST Coin is the JUST lending platform, which allows users to borrow and lend cryptocurrencies. The platform offers loans at lower interest rates than traditional financial institutions, and users can use their cryptocurrency holdings as collateral. Additionally, the platform provides staking rewards to users who hold JST coins in their wallets.
Another project of JST Coin is JUSTSWAP, a decentralized exchange (DEX) that enables users to trade various cryptocurrencies without needing a central authority. JUSTSWAP aims to provide users with fast and secure trading services with low transaction fees.
Factors Influencing JST Price
Several factors can influence the price of JST Coin, including:
Market demand: Like other cryptocurrencies, the cost of JST coins is influenced by the level of demand from buyers and sellers in the market.
Adoption of the JUST platform: The success of the JUST platform and its adoption by users can significantly impact the price of JST coins.
Competition: The cryptocurrency market is highly competitive, and the success of other lending platforms or DEXs could impact the demand for JST coins.
Regulatory environment: Changes in regulations related to cryptocurrencies or blockchain technology could significantly impact the price of JST coins and other cryptocurrencies.
Technology updates: Upgrades to the TRON blockchain or improvements to the JUST platform’s technology can also influence the price of JST coins.
JST COİN TECHNICAL ANALYSIS
JST, which saw its historically high value of $0.2005 in April 2021, has entered a downward trend since this date and has lost 90%, falling to $0.0194. JST, which went up to $ 0.0348 with the purchases in the market at the beginning of 2023, is currently traded at $ 0.0263. According to www.coinmarketcap.com data, JST, which has a size of $233,695,575, has had a volume of $19,217,307 in the last twenty-four hours.
JST Chart Analysis
JST went up to its historical high of $0.2005 in April 2021, then entered a downtrend and lost 87% today, currently trading at $0.0263. When we examine the weekly basis JST chart, we see that it has yet to exit the downtrend (red line) it entered. The weekly resistance point of JST, which I expect to harden on the downtrend, is $0.035, the falling trendline, while the weekly support point can be followed as $0.0194.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their research when deciding. This article does not include investment advice or suggestions. Every investment and trading move involves risk, and readers should perform their analysis when determining.
