TRON founder and major crypto figure Justin Sun has made a bold prediction for new token.
Posting on social media platform X, Sun stated that JST has undergone a “complete fundamental reversal” and could become the “next 100x token” as TRON’s decentralized finance (DeFi) sector continues to mature.
JustLend’s Growth Powers Optimism
Sun highlighted the impressive rise of JustLend, a permissionless lending platform built on TRON and backed by JST. Modeled after leading Ethereum protocols like Compound and AAVE, JustLend benefits from TRON’s high transaction speeds and low fees, allowing users to lend and borrow assets more efficiently.
Since its launch, JustLend has grown into one of the largest DeFi platforms within the TRON ecosystem. Sun noted that the protocol now generates tens of millions of dollars in net profit, with lenders occasionally seeing interest rates of up to 30%.
USDD Stablecoin Expands TRON’s Ecosystem
Another major driver of Sun’s bullish outlook is the success of USDD, a decentralized stablecoin created by the Just platform and managed by the TRON DAO Reserve. USDD has seen explosive growth, becoming a widely used stablecoin not only within TRON but across broader DeFi networks.
The growing integration of USDD into lending platforms and DeFi applications has strengthened demand for JST, further anchoring its role within the ecosystem.
Token Buyback and Burn Strategy
In a move that could further boost JST’s value, Sun confirmed plans to buy back and burn JST tokens using profits generated by the Just ecosystem. The buyback-and-burn strategy is intended to reduce the token’s circulating supply, a tactic that has proven successful for several DeFi projects in the past.
With expanding platforms, robust stablecoin growth, and an aggressive supply reduction strategy, Justin Sun’s vision for JST paints a highly optimistic picture for the token’s future.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/justin-sun-predicts-the-next-100x-token/