A friend asked, “JustLend’s fee revenue is 2.6 times its usual level. Does $JST look like it’s about to go up?”
Here’s what I said: More revenue is a good thing, but a single number can’t tell you whether the token price will rise. Revenue over the past 24 hours was $185,000, quite a bit higher than the usual $72,000, but a one-day spike could be due to a one-off factor. I’d watch it for a few more days before drawing any conclusions.
Here’s what I said: More revenue is a good thing, but a single number can’t tell you whether the token price will rise. Revenue over the past 24 hours was $185,000, quite a bit higher than the usual $72,000, but a one-day spike could be due to a one-off factor. I’d watch it for a few more days before drawing any conclusions.
