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An analyst who nailed the top of Bitcoin's (BTC) 2021 bull market thinks that altcoins are setting the stage for an explosive rally. Pseudonymous analyst Pentoshi tells his 705,600 followers on the social media platform X that some alts could soar for as long as six weeks.
In the ever-evolving world of cryptocurrencies, a notable surge has taken center stage, with several AI-powered tokens leading the way. Over the past week, the cryptocurrency market has been on a rollercoaster ride, and it seems we may be witnessing the early signs of a bull run, pending Bitcoin's confirmation above the psychological $35,000 level, or for the more cautious investors, a breach and close above $40,000.
Greed dominated the overall cryptocurrency market sentiment in the last few weeks, with Bitcoin (BTC) and altcoins registering significant gains. Meanwhile, three cryptocurrencies are leading as the best performers for the week against other top-100 assets by market cap.
The bitcoin price smashed above $35,000 for the first time since May 2022, indicating the revival of a fine bullish trend. The global crypto market cap surged above $1.26 trillion, which was closer to dropping below the trillion mark.
Injective (INJ) rose to its highest price since December 2021, hitting highs of $12.75 on Tuesday October 24. The altcoin's impressive gains now see trade 60% up in the past seven days and more than 540% in the past year.
In the fast-paced world of cryptocurrency, where market sentiment can swing like a pendulum, the recent performance of Injective Protocol's INJ token has become a subject of widespread fascination. As the digital asset reached a two-year price peak, it ignited a spark of enthusiasm among investors and traders alike.
Injective (INJ) grazed the $10 milestone on Monday, October 2023, as the bulls extended the winning streak to 10 days. The on-chain analysis examines the main drivers behind this INJ price bounce and how long it could last.
Top Analysts Predict More Gains in the Coming WeeksAmid Bitcoin's recent revisit to the $30k mark; the altcoin market is surging with bullish momentum. The fear that gripped most crypto traders has subsided significantly, thanks to the Uptober crypto narrative and increased demand from institutional investors.
For INJ, there are signs that short-term profit-taking could be on the cards. The first major reason is that its latest rally just pushed into overbought territory.
The Injective (INJ) price has traded slightly below the $10 horizontal resistance area since it reached its yearly high in April.
The crypto industry has gained massive momentum lately, resulting in the market gaining significant value in its price.
Injective (INJ), UNUS SED LEO (LEO), and 1inch Network (1INCH) are capturing the attention of investors with notable price surges. The three cryptocurrencies have each experienced significant uptrends, driven by unique factors within their respective ecosystems.
The Injective blockchain saw a massive spike in its social dominance over the last 24 hours. While this was great news for investors, is more upside on the cards?
Decentralized order book exchange Helix has introduced pre-launch futures, allowing the trading of tokens before their official launch.
As the industry starts trading positively, cryptocurrency is now taking slow steps toward stability. On the other hand, INJ price has been trading on a bullish note, placing its price on the top gainer's list.
Famous cryptocurrency analyst Crypto Tony recently shared insights into the historical performance of October in the cryptocurrency markets. Tony's analysis reveals that 8 out of the last 10 October have displayed bullish tendencies, instilling optimism for the current month's prospects.
A closely followed crypto strategist is predicting sustained rallies for layer-2 protocol Arbitrum (ARB) and decentralized derivatives exchange Injective (INJ). Pseudonymous analyst Altcoin Sherpa tells his 196,600 followers on the social media platform X that Arbitrum could rise by over 23% from current levels before its rally tapers off.
Bitcoin tends to rally in October, possibly opening the door for MKR, AAVE, RUNE, INJ and other altcoins.
September was a relatively neutral month for the cryptocurrency market. This was noticeable in the case of both Bitcoin (BTC) and various altcoins.
Crypto analytics firm Santiment says that the prices of eight altcoins are showing signs of moving higher.
Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $26,700 level on Wednesday. Ethereum (CRYPTO: ETH) also moved higher, trading above the key $1,600 mark this morning.
Injective's newest development is its first-ever Ethereum Virtual Machine (EVM) called inEVM. Furthermore, INJ has made some decent strides in the last few weeks.
In an era where blockchain integration is more than a luxury—it's a necessity, Injective steps up to the plate with a groundbreaking innovation. The company has recently unleashed its inEVM platform, designed as a masterstroke to bridge the once disparate worlds of Solana, Cosmos, and Ethereum.
Injective has introduced the first-ever Ethereum Virtual Machine (EVM) that has the capability of achieving true composability across Cosmos and Solana. The newly launched product is dubbed inEVM.
