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TL;DR Injective and DojoSwap collaborate to introduce the CW-404 standard, designed to enhance fractional ownership of NFTs. Inspired by Ethereum's popular ERC-404 standard, CW-404 combines CW-20 and CW-721 standards, allowing multiple wallets to directly own a single NFT.
Injective has partenred with DEX DojoSwap to introduce the CW-404 standard.
Injective, the Mark Cuban-backed protocol, is gaining market share in the Decentralised Finance (DeFi) industry. Data shows that activity in the ecosystem is growing as the crypto bull run gains steam. According to DeFi Llama, the total value locked (TVL) in Injective has jumped to a record high of over $110 million.
In a week bustling with pivotal developments across the crypto industry, investors have their eyes set on several key events and updates poised to influence market dynamics. From the anticipation surrounding Ethereum's annual conference to Nvidia's earnings report potentially impacting AI-related tokens, the landscape is rife with opportunities and uncertainties.
The launch of Injective Bridge v2 and the addition of new assets to its decentralized exchange (DEX) likely contributed to INJ's price surge of 157.8% since October 2023. This surge has led to higher trading volume and a new all-time high in total value locked (TVL) on the platform.
This initiative represents a major step forward in the quest for a more interconnected and user-friendly blockchain environment. The introduction of this omnichain domain name service enables users to utilize $INJ, Injective's native token, to purchase .sol domains.
The on-chain analytics firm Santiment has revealed some altcoins currently witnessing high interest from the whales. Whale Transactions Have Spiked For These Altcoins Recently In a new post on X, Santiment has discussed how several altcoins have been showing interest from the whales.
The market leader, Bitcoin, successfully achieved its $51,000 mark today, resulting in the cryptocurrency market experiencing a significant bullish movement in their respective portfolios. Further, the AI category has hinted at the potential of massive price action in the coming days, indicating a strong bullish influence for these tokens in the industry.
Inactive (INJ) has surged by over 1,000% on the year-to-date (YTD) chart, attracting considerable attention from traders worldwide. Similarly, Avalanche (AVAX) is showing positive performance across all charts, indicating the potential for a forthcoming rally.
For many retail and institutional investors, investing in and holding Bitcoin is the preferred strategy. Bitcoin is widely viewed as the most reputable cryptocurrency, serving as a store of value in a volatile financial landscape where stability is highly valued.
As bitcoin continues to power on, possibly to a new yearly high, there are certain altcoins that are outperforming $BTC, and are likely to continue to do so. Injective (INJ) and Render (RNDR) are two of them.
Analyst Crypto Rus has discussed some overlooked altcoins that investors should watch. He discussed the current oversold state of certain altcoins and suggested that now might be the opportune moment to consider them, labeling them as “Bargain Alts.
Most crypto analysts describe the rise of the altcoin market against Bitcoin (BTC) in the coming months as unavoidable. More investors have been betting on the rise of Ethereum (ETH) since the Solana (SOL) and Injective (INJ) uproar.
Despite the numbers, on-chain data suggests that ZETA and INJ movements could be tied to token distribution to early investors.
Entrepreneur and Dallas Mavericks owner Mark Cuban engaged with his 8.8 million followers on X during an impromptu Ask Me Anything (AMA) session this Monday afternoon. Covering a range of topics, Cuban shared insights into his cryptocurrency interests and other ventures.
The crypto market is about to end January, a historic month for the digital assets sector, considering the spot Bitcoin ETF approval. While the response didn't meet expectations in the near term, experts predict optimistic effects in the upcoming sessions.
Horizen (ZEN), Radiant Capital (RDNT), Injective (INJ), Beldex (BDX), and SKALE (SKL) are all altcoins that have interesting developments lined up in February, which could positively affect their price.
Injective (INJ) trades on a recovery mode following a massive rejection from the resistance at $43, which saw the artificial intelligence token losing around 30% of its value. The alt gained 8.77% over the past week. Meanwhile, on-chain metrics and bullish technical propel the current surges, increasing the probability of sustained gains.
Injective Protocol (INJ) operates as a blockchain platform, focusing on decentralized finance (DeFi) applications like spot and derivatives exchanges, prediction markets, and lending protocols. INJ serves as the native token for governance, staking, value capture, and developer incentives.
The big question is whether the INJ price poised to grow massively in 2024?. Let's take a look at this INJ price prediction article.
Injective is spearheading a transformative development in the blockchain industry with its latest introduction of gas compression technology. The significant advancement marks a monumental shift in reducing transaction costs, firmly establishing Injective as a trailblazer in offering the most competitive rates in the cryptocurrency landscape.
While Bitcoin has been in the limelight in the past week after the US SEC approved 11 spot Bitcoin ETFs, altcoins are also emerging as potential saviours for savvy investors. Among the promising altcoins, Option2Trade (O2T), Celestia (TIA), and Injective (INJ) are spearheading the charge, each bringing unique features to the table.
Injective changes the game for blockchain users with gas compression, drastically cutting transaction costs to $0.0003.
Top cryptocurrencies to watch this week: XRP, DOGE, INJRP take center stage, on the heels of Bitcoin's (BTC) slump.
