$JST is up 5.7% on the day and sitting right under its 24h high, and the reason is boring in the good way: TRON got cheaper to use.
JustLend DAO says it cut the Energy base rate from 15% to 8%. Right now 100,000 Energy costs 4.488 TRX. Separately, the team says Binance Wallet now lets you pay TRON fees in USDT, so nobody needs to hold TRX for gas. That's their claim, not something I verified, but it removes a real annoyance.
The team's own snapshot shows 2,818 transfers, $35.72m in volume and $10.76m in liquidity. Self-reported, so take it with salt. Still, cheaper fees plus steady volume is the kind of setup that holds a bid. My take is that the market is underpricing fee cuts on a lending protocol.
$JST trades at $0.1186 right now, with the 24h high at $0.1187. If it holds above that high and turns it into support, i think the move keeps going, because cheaper Energy brings more users and the pump has a reason behind it. If it loses $0.1121, the 24h low, i'm wrong on this and there's nothing to defend. Anyone who bought this bounce takes the loss with me.
holding $0.1121 or losing it?
follow me for more calls like this.
JustLend DAO says it cut the Energy base rate from 15% to 8%. Right now 100,000 Energy costs 4.488 TRX. Separately, the team says Binance Wallet now lets you pay TRON fees in USDT, so nobody needs to hold TRX for gas. That's their claim, not something I verified, but it removes a real annoyance.
The team's own snapshot shows 2,818 transfers, $35.72m in volume and $10.76m in liquidity. Self-reported, so take it with salt. Still, cheaper fees plus steady volume is the kind of setup that holds a bid. My take is that the market is underpricing fee cuts on a lending protocol.
$JST trades at $0.1186 right now, with the 24h high at $0.1187. If it holds above that high and turns it into support, i think the move keeps going, because cheaper Energy brings more users and the pump has a reason behind it. If it loses $0.1121, the 24h low, i'm wrong on this and there's nothing to defend. Anyone who bought this bounce takes the loss with me.
holding $0.1121 or losing it?
follow me for more calls like this.
