Intuit

DeFi on TRON Will Be Huge! (Elliott Wave & Fundamental Analysis)

Long
POLONIEX:JSTUSDT   Just / Tether USD
Wave Theory: It looks like JST has completed a diametric pattern and we could be breaking up now. 5 of 7 waves are time similar which is the expected structure of a diametric. Channeling also works well. We are above the daily SMMA which hasn't happened since we topped out in August, a good sign that we could be beginning to trend upwards. Momentum is also turning bullish here with large divergences. Target is above ATH , potentially over 1-2 USD but will have to watch closely to determine when we are reaching a good exit price. Ultimate MOON target would be over 50 USD.

Fundamental Analysis: JST is one of the largest DeFi projects on TRON. Being built on the TRON network gives it several inherent advantages over any Ethereum-based DeFi. This includes very cheap (or free) transactions, instant confirmation times, and better scalability. If you've ever used an ETH dapp you would have noticed that you are paying upwards of $10 per contract call (and rising) and sometimes waiting hours for your transaction to be confirmed, and often the transaction will fail altogether if you don't attach a high enough fee. This makes the user experience of ETH very poor compared to TRON, which is a virtually seamless experience that costs no more than just a couple cents per transaction, and is always instantly confirmed.

JST specifically is used for several major platforms on the TRON network, including JustSwap, JustWrapper, USDj stablecoin, and soon to be JustLend. This is actually a combination of multiple projects which exist individually on ETH, giving JST a larger use case than the individual ETH tokens. The JUST user experience is also much more refined than its counterparts on ETH. As the user experience on ETH continues to deteriorate because of network congestion and increasingly high fees, more people will look to other networks like TRON for DeFi. JST will be one of the largest DeFi projects on TRON, and could potentially achieve a multi-billion market cap as the TRON network continues to grow.

JST is also a productive crypto-asset as it has several income-producing functions which increase the overall value of the token. Cryptos like Bitcoin are like gold , they just sit there and don't really do anything except move money around. JST is more akin to a stock because it can perform functions that would normally require a human-run business behind them, but instead it's run on smart contract on the TRON blockchain without any humans executing the functions. Based on hundreds of years of data in traditional markets, high quality productive assets like stocks more often than not will outperform unproductive assets like gold over the very long-term.
LIVE CHART UPDATES POSTED HERE: https://www.tradingview.com/chat/#k2duaEvkzQaA6DrC

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Comments

Hello, thank you very much for answering my basic question
In the fourth line, you mention the price above $ 50
Is this price predicted for just tokens or for the trx coin itself?
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hello. i pm you. :)
Reply
Also, is it possible to reach prices above $ 100 or not?
Because you said over $ 40 a reply to a question from one of your followers a few moments ago
I wanted to tell you the most accurate prediction about the trx, as well as what its price and approximate time will be, because you said $ 45 to $ 350 and later you said $ 40 to $ 350, and today you are only referring to it being above $ 40.
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What's your current view on TRX? In the past you were very bullish on TRX. I remember charts with projected price increases of 50-100x for TRX. This is not a critique. I'm just genuinely interested.
Reply
Intuit ryopphdi
@ryopphdi, I've updated these charts with my most current views:





Long-term targets have not changed, and aren't likely to change unless there was a really big price collapse under yearly USD lows. $40+ is what I'm targeting for TRX.
Reply
MOJI77 Intuit
@Intuit, Thank you for answering. It is very important that you respond to my previous comment
Reply
ryopphdi Intuit
@Intuit, Cool, thanks mate!
Reply
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