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In an exhilarating turn of events, the cryptocurrency market has seen a remarkable surge as investors react to the Federal Reserve's momentous decision to uphold unchanged interest rates following the Federal Open Market Committee (FOMC) meeting. This decision, though widely anticipated, has triggered an impressive uptick across various cryptocurrencies, notably impacting Bonk (BONK), Injective (INJ), and BitTorrent (BTT).

In an intriguing move, a popular DeFi token, Injective, experienced a massive rally. It was believed to be a result of positive market sentiment, as they had shifted from being neutral to greedy as the Bitcoin price resumed its upswing.

With the token touching $31.35 early on Friday, the injective (INJ) price formed a new all-time high, suggesting that it has recovered all of its losses. In the cryptocurrency industry, altcoins are gaining traction because most of them have started to rise and are outperforming the leading cryptocurrency, Bitcoin.

Bitcoin has bounced back, trading above $43,000 as more people are jumping back in after a phase of taking profits. Not just Bitcoin, but some other cryptocurrencies are doing even better today, especially BONK, INJ, and HNT.

Thor Hartvigsen, a data-driven decentralized finance (DeFi) researcher, is questioning the appeal of Injective Protocol, a layer-1 platform whose creators say is designed to expressly power finance. As of December 2023, INJ, the native currency of Injective Protocol, is one of the top-performing coins, surpassing Bitcoin (BTC) and Ethereum (ETH).

Injective Protocol Price Prediction: INJ crypto has hit a new all-time high. I expect bullish continuation if price flips $25 into support.

Injective, an AI-backed interoperable blockchain optimized for DeFi applications, appears to be portraying noteworthy gains within the crypto space today, December 14. With INJ's horizon amassing bullish sentiments globally, the token is emerging as one of the leading AI-based digital currencies within the crypto landscape.

Crypto Price Prediction: The Federal Reserve decision to keep interest rates unchanged at the end of the two-day Federal Open Market Committee (FOMC) meeting on Wednesday. Although the outcome of the meeting was expected, remarks by the Fed chair, Jerome Powell, regarding when rate cuts were expected were a positive gesture.

Today, the Injective (INJ) price increase culminated with a new all-time high price of $32.20.

As the star crypto gained momentum, the whole crypto space followed in its footsteps and recorded significant price jumps. On the other hand, the dominance of altcoins is on the rise, indicating an increase in funds inflow in the crypto industry.

The Cosmos ecosystem shows remarkable performance despite the overall market downward. Like many altcoins, it is on the rise.

The world's largest crypto exchange Binance on Wednesday said it is launching new spot trading pairs and Trading Bots services for some crypto trading pairs. The crypto exchange plans to launch zero-fee trading for crypto such as Shiba Inu (SHIB), Injective (INJ), and The Sandbox (SAND).

In a remarkable turn of events, the Injective (INJ) token has witnessed an astounding surge, breaking past its previous all-time high (ATH). On December 12 night, INJ jumped to an ATH of $27.05 before slightly pulling back to $24.04 at the time of writing.

Injective Protocol's INJ token has recently hit a new all-time high of $27.02. However, it appears that the market is currently in a phase of rest and consolidation, with investors cautiously hopeful yet reluctant to drive prices much higher at the moment.

Injective was up by more than 20% in the last 24 hours alone, but its market indicators were bearish.

Cryptocurrency analyst Miles Deutscher has provided insights into potential altcoin opportunities as the crypto market experiences a sharp correction and many altcoins consolidate after recent gains. Deutscher's analysis focuses on several altcoins that he believes could be poised for significant upside movement.

Crypto Price Prediction: On December 11th, the crypto witnessed a sudden sell-off as the leading cryptocurrency also reverted from $44500 higher. This reversal has turned the uncertainty of many major cryptocurrencies into a short pullback.

Injective Price Prediction: Defying the broader market sentiment of uncertainty, the Injective coin entered a strong recovery mode from the second week of December. Amid this rally the coin surged from $16.63 to a recent high of $25, registering a growth of 67.48% in a week.

Among these, Injective (INJ) has particularly captured attention as it breaks free from a bearish trend, showing signs of a robust uptrend. The price of INJ has not only recovered from previous losses but has also set a new all-time high, surpassing $27 on the Binance exchange.

INJ surprised the market with a new all-time high at $27.6. At this rate, it's interesting to explore the possibility of a correction and, alternatively, check which are the next targets for the cryptocurrency.

The altcoins are gaining momentum within the crypto space as the majority of them have begun to surge, outperforming the star crypto, Bitcoin. Altcoins like Solana, Bonk, Avalanche, etc., and many more have been displaying acute strength.

Injective (INJ), KuCoin Token (KCS), Immutable (IMX), and Synthetix (SNX) have been the top gainers in the previous 24 hours. Bulls in injectable (INJ) led the rally, driving the price to a 52-week high of $23.71 from an intra-day low of $19.38.

According to AlphaScan data on December 12, social media activity on Injective Protocol (INJ) has steadily increased in the past day and week. This surge in interest has propelled INJ to the second-most mentioned token on social media, trailing only Bitcoin (BTC).

Dec. 11 data from CoinMarketCap, the world's most-referenced price-tracking website for cryptoassets, Injective, Immutable and Synthetix are the top gainers in the last 24 hours, reporting up to 22% gains.