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Opportunity in Justin Sun's Tron Ecosystem: Follow This Altcoin for TRX Price! - Coin Bulletin
According to the analyst, one of the altcoins in Justin Sun's ecosystem may be giving critical signals before a major movement in the Tron (TRX) price.
According to the CryptoQuant analyst, the dynamics of changes in the transfer volume of JST token and the sending/receiving activities on the JustLend DAO platform have previously indicated high volatility periods in the TRX price. The analyst noted that the current data could point to a similar situation.
Based on the current data, the low total transfer volume on the network, the decreasing number of sender and recipient accounts, and the rising supply-transfer ratio may indicate a potential accumulation process.
The decrease in the activity of the JST token on the network means that fewer tokens are changing hands and investors are moving into a waiting mode. On the other hand, an increase in supply and transfer rate may suggest that tokens are being withdrawn from circulation and investors are positioning themselves before a potential price movement.
The analyst emphasized the need to closely monitor the dynamics of JustLend DAO by pointing out that similar signals were received before major movements in the TRX price in the past.
Since both TRX and JST are projects developed by Justin Sun**, investors should also consider possible changes in Sun's ecosystem. In particular, it is stated that the activity on JustLend DAO can give important signals for TRX investors.