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The cryptocurrency market is witnessing a seismic shift as Injective (INJ) surges by an unprecedented 12% in just one day, catapulting its value to $30 per token. In parallel, Bitcoin (BTC) continues to maintain its stronghold, steadfastly holding its position at $71,000 amid a backdrop of steady trading activity.
gumi, a top Web2 gaming publisher, joins Injective (INJ)as a validator, bolstering Injective's PoS network.
The paper stated that INJ will be used “as the default asset to facilitate the purchase and sale of goods and services between parties on the blockchain” and is secured via staking, an essential use case for the altcoin.
In an analysis shared on X, renowned crypto analyst Josh Olszewicz (@CarpeNoctom) forecasts a significant 33% rise in the price of Injective (INJ) based on a classic bullish chart pattern known as the inverted head and shoulders (iH&S). The chart suggests a strong reversal possibility from recent bearish trends, potentially steering the cryptocurrency's price to new local highs.
As bitcoin readies itself for an attempt on its all-time high, a breakout into price discovery, and the next possibly parabolic stage of the bull market, Solana ($SOL) and Injective Protocol ($INJ) are two of the premier altcoins preparing to follow.
Injective (INJ) has garnered significant attention in the crypto space with its rallying prices. Having undergone a correction to $20 in April, the token has gained momentum attracting over 50% increase in trading volumes, to reach the value of $ 28.87.
BRETT is the leader in terms of daily gains, having soared by more than 25%.
Injective, a Layer 1 (L1) protocol, emerged as one of the standout performers in the crypto market on Thursday, with its native token INJ experiencing a substantial 7% surge within the past 24 hours. Accompanying this surge, the protocol's market capitalization is inching closer to the significant milestone of $3 billion.
Yesterday, 12,266 $INJ tokens were permanently removed, showing increased user engagement in burning tokens. Looking forward, projections suggest that by next week, Injective users will have collectively burned an impressive 6 million INJ tokens.
The price of Injective (INJ) is expected to be bullish in the coming days, helped by investors' optimism.
The crypto market continues to display a positive price action, indicating an increase in the buying-over-selling pressure in the crypto space. However, top altcoins record a mixed sentiment by experiencing significant fluctuations in their respective portfolios.
Explore Injective's tools for smart contracts, frontend development, and API trading.
Volatility is the nature of the cryptocurrency market with prices often changing drastically because of various factors. Injective (INJ) has gained traction among investors and enthusiasts alike, after recovering from a notable decline.
This integration enables millions to seamlessly use INJ tokens for payments and shopping. Injective Protocol has gained widespread recognition for its innovative approach to DeFi solutions.
Injective (INJ)showcases significant advancements with the launch of Helix 2.0 and other key updates in May.
This article explores top AI crypto projects - Algotech, Bittensor, and Injective - poised for 10x growth. Discover how their strong infrastructure empowers their AI functionalities and revolutionizes trading, DeFi derivatives, and developer tools.
Injective is an open, interpolable layer one blockchain for building powerful DeFi applications. It is built using Cosmos SDK and uses Tendermint proof-of-stake.
Binance Pay integrates Injective (INJ) to enable global transactions and merchant payments.
An analyst has pointed out that Injective is forming a buy signal that previously led to 700% and 555% rallies for the asset's price. Injective Is Forming A TD Sequential Buy Signal On Its Weekly Chart In a new post on X, analyst Ali Martinez has discussed a Tom Demark (TD) Sequential signal that has formed in the weekly price of Injective recently.
One widely followed crypto analyst thinks three leading altcoins are soon to enter bullish phases. Crypto trader Ali Martinez tells his 62,900 followers on the social media platform X that the decentralized supply chain management platform VeChain (VET) is on the verge of lift-off after a successful retest of a parallel channel.
In the ever-volatile world of cryptocurrency, market signals and expert analyses can often foretell significant movements in asset prices. Injective (INJ) is currently catching the attention of investors and traders alike.
Injective (INJ) price has struggled since dipping from highs of $52 on March 11. But after printing a red candle in March and April – the latter with -35% monthly return – the price of INJ looks primed for a green print for May. Crypto analyst Ali says Injective is flashing a buy signal.
Fireblocks integrates Injective, providing institutional users with secure access to Injective's blockchain and ecosystem.
Check out which are the newest trading pairs available on Binance Spot.
