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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.
As the second week for crypto trading began, the market slammed the bullish hopes of traders after bringing remarkable surges for over the past few weeks. Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Solana's SOL, along with other significant altcoins, were hit by bearish volatility and opened in a downtrend.
This week, the Injective (INJ) price increase culminated with a new yearly high of $23.29.
Despite the crypto industry recording a significant correction in value with a drop of almost 4% within the past 24 hours, the INJ price has displayed a massive jump of over 18% in value, resulting in the price recording a new yearly high.
The crypto industry has regained its lost momentum as the market has recorded a notable run this year. Top cryptocurrencies have repeatedly recorded new yearly highs, highlighting a rising adoption in the crypto space.
INJ recorded a double-digit price growth following OKX listing and the completion of its weekly burn. The coin has seen an uptick in demand in the last week.
The Injective price has turned out to be one of the top gainers of the industry this year by recording a massive price, resulting in the price adding over 1310% in its value YTD. Following the price pump in October, the INJ price gained significant movement in its value.
Truflation, the “independent” and “unbiased” provider of verifiable economic data and indexes, is thrilled to announce its integration with innovative layer1 blockchain Injective to “provide data feeds for the pricing of real-world assets (RWAs) across the Injective ecosystem.
This week, the cryptocurrency market faced substantial turbulence, driven by Binance's legal challenges. With a hefty $4 billion settlement and the resignation of CEO Changpeng Zhao amid accusations of violating U.S. anti-money laundering laws, the industry witnessed significant disruptions.
The cryptocurrency market has experienced significant volatility this week, largely influenced by Binance's recent legal turmoil. The saga includes a massive $4 billion settlement and the consequential resignation of CEO Changpeng Zhao, following charges of violating U.S. anti-money laundering laws.
Injective has integrated SPL tokens to allow bridging from Solana. SOL's volume decreased, while INJ's price has the potential to increase.
AI and big data crypto tokens have embarked on a recovery campaign shortly after former OpenAI CEO Sam Altman's layoff impacted their combined market valuation.
As the crypto bull market continues to develop, certain altcoins are leading the way. Kaspa, Fantom, and Injective are generally always at the forefront.
The enthusiasts of Cryptocurrencies are as usual keeping watch for ingenious blockchain ventures, and one that has been in the headlines is Injective (INJ). In this article, from the origin, facts about it, and price trends to future predictions, we will dig into the complexities of Injective.
The Injective (INJ) hackathon with a prize pool of $100,000 is ongoing until Dec. 12.
These three top performing cryptos have truly been among the biggest upside assets in recent weeks, and could continue this momentum.
