The cryptocurrency markets continued their recent uptick, with major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Toncoin (TON), in the green.
After finishing as the second top market gainer recently, momentum is building for an IMX rally.
With the BTC price sustaining above the $60K mark, the bull run in the altcoin segment is heating up. As the speculations of a bull run in Bitcoin to the $100K sparks up with Presidential elections and rate cuts, the gaming, AI, and meme cryptos are racing fast.
Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant.
On-chain data shows the whales of these altcoins have been shifting their supply from exchanges to cold wallets recently, a sign that may be bullish for their prices. Whales Of These Altcoins Have Been Moving Into Self-Custody Recently In a new post on X, the on-chain analytics firm Santiment has discussed the trend in the Top Exchange/Non-Exchange Wallet Holdings for three altcoins: Polygon (MATIC), Injective (INJ), and Render (RENDER).
The crypto market experienced a bullish turnaround in September as investors anticipated a 0.25% rate cut by the US Federal Reserve. Amid this development, whales demonstrated their long-term commitment to cryptocurrencies like MATIC (recently migrated to POL), INJ, and Render, with a significant portion of their holdings being moved from exchanges to cold wallets.
Cryptocurrency prices were mixed as traders focused on the upcoming Federal Reserve meeting, with the crypto fear and greed index remaining in the fear zone.
In a recent tweet, Santiment revealed a massive increase in some altcoins' whale exchange wallet transactions. These altcoins are Injective (INJ), Render (RENDER), and Polygon (MATIC). As the transaction signals a transfer from an exchange wallet to a cold wallet, the shift in supply for safekeeping or long-term holding reflects a boost in whales's confidence.
AI tokens have surged in popularity, signaling a strong shift in investor focus from memecoins to AI-driven projects.
Bitcoin's rally above $60,000 could trigger buying in FET, SUI, AAVE, INJ and other altcoins.
Bitcoin (BTC) saw a brief foray above $58,000 on Thursday following the release of US inflation data and Federal Reserve rate cut bets. US consumer prices bumped up slightly in August, but core inflation remained persistent, with the Core Consumer Price Index increasing by 0.28%, compared to an anticipated 0.2% increase.
The altcoin market has been a focal point of attention, especially with growing signs of a turning point after a long period of sideways movement. After nearly 197 days of consolidation, market analysts are now predicting that the next week could be pivotal, not just for Bitcoin but particularly for altcoins.
Injective (INJ) has been outperforming the broader crypto market in recent hours, gaining over 19% since Monday, while most cryptocurrencies have experienced declines of 2% to 4% since yesterday. Related Reading: Is Chainlink (LINK) $12 Breakout Imminent?
In the bustling world of cryptocurrencies, Injective Protocol (INJ) has garnered significant attention for its impressive DeFi capabilities and its recent surge. But for investors who missed out on the latest Injective Protocol (INJ) rally, there's another exciting opportunity on the horizon—GoodEgg (GEGG), a new “Play-2-Date” meme coin poised for substantial gains this September.
While the blockchain space has been abuzz with news of Injective's (INJ) latest rally, a new contender, GoodEgg (GEGG), is making waves in the meme coin world with its groundbreaking social scoring system. If you missed out on Injective's price surge, now might be the perfect time to look at GoodEgg (GEGG), a hybrid meme coin projected to deliver up to 13,000% returns.
Injective (INJ) has recently drawn significant attention from investors and analysts alike, with predictions suggesting a potential 214% price rally. This optimistic forecast is underpinned by a falling wedge pattern on the 3-day chart and key on-chain data.
Is INJ on the verge of a 214% rally? Falling wedge pattern suggests a massive breakout ahead.
Some of the altcoins that performed well in the last crypto bull market are still languishing, at a stage that is probably more than halfway through the current bull market. $INJ, $THETA, and $FTM are three altcoins that need to start proving themselves, or face a torrid bear market.
Snax Chain, built on OP Stack, launches September 15th, integrating Wormhole for secure, decentralized Synthetix V3 governance and cross-chain messaging.
Injective, a leading player in the blockchain space, has unveiled a major partnership with Mercuryo, a renowned provider of fiat on-ramp payment solutions. This strategic alliance is designed to revolutionize how new users enter the Injective ecosystem, making the process of buying digital assets simpler and more accessible than ever before.
The launch of the BUIDL index highlights Injective's capabilities in the decentralized finance and asset tokenization niches.
Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.
Mercuryo partners with Injective (INJ)to streamline fiat-to-crypto transactions, easing user onboarding to the Injective ecosystem.
Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism's Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism's Superchain infrastructure.
Injective (INJ)collaborates with Mercuryo to streamline user onboarding through a new fiat on-ramp payment solution.
HNTUSD breaks significant resistance $8, jump to $10 possible (Chart of the day) Helium is a decentralized distributed network of Hotspots for Internet of Things (IoT) devices using the LoRaWAN system. It is one of leading DePIN protocol.
Leading DeFi protocol Synthetix joins Optimism's impressive Superchain line up.
Injective (INJ) made headlines with notable achievements that underscore its commitment to growth and innovation. The month saw a significant upgrade to the Injective protocol and the debut of a high-profile event in Brussels, solidifying the platform's position in the competitive blockchain space.
TL;DR Injective has launched the first tokenized index for BlackRock's BUIDL Fund, offering a new level of transparency and accessibility in DeFi. The BUIDL Fund provides institutional investors with access to yields on assets like U.S. treasuries, maintaining a stable value of $1 and offering daily accruing dividends.
Story Highlights The live price of the CFX crypto is . Conflux price could reach a high of $0.27 in 2024. This altcoin with a potential surge, may reach a high of $1.75 by 2030. The Conflux Network is a public “Layer-1” blockchain and was created to power the Decentralized Applications (dApps) and Web3 infrastructure.
Injective blockchain has unveiled a novel tokenized index for BlackRock's USD Institutional Digital Liquidity (BUIDL) Fund. This index enables traders to access the fund through on-chain financial instruments, marking a leap in asset tokenization.
TL;DR Synthetix launches SNAXchain: Built on Optimism's Superchain infrastructure, SNAXchain aims to enhance governance and expand to more chains and Layer 2 solutions. Optimism Superchain benefits: Expected to boost user interoperability and drive growth, leveraging optimistic rollups to reduce transaction costs.
Injective (INJ) is among the top gaining altcoins in the past 24 hours after rising double-digits to test intraday highs of $17.65. These gains see Injective's price third in the top 100 coins by market cap, with Helium (HNT) and the meme coin Dogs (DOGS) outpacing the rest.
This new index market provides unprecedented on-chain access to the BUIDL Fund through innovative financial instruments. This is the first index of its kind that tracks the supply of the BUIDL Fund.
Synthetix has introduced an application-specific blockchain named SNAXchain using Optimism's infrastructure.
Injective gained bullish momentum on Wednesday, Sept. 4, after a set of consecutive declines over the past two weeks.
With Bitcoin dangling below the $57,000 mark with no clear trend direction, the altcoin market has grown volatile. Amid the increased volatility, the pump and dump in AAVE and a reversal in Injective bring entry opportunities. So, let's look at the price analysis of these DeFi tokens.
Injective (INJ)introduces the first-ever tokenized index for BlackRock's BUIDL Fund, offering innovative on-chain financial instruments to users.
Following a recent slumping market, the crypto prices today have ignited investor curiosity globally. Bitcoin (BTC) price prevented further downside momentum and retained a hold at the $57K price level today.
Injective launched a tokenized index for the BlackRock BUIDL fund, accessible via decentralized applications on its blockchain network.
Injective has introduced a new tokenized index for BlackRock's BUIDL Fund, enabling users to track the fund's supply. According to a statement from Injective (INJ), this index is the first perpetual market of its kind.
Pool Masters, from the creators of 8 Ball Pool, joins Immutable (IMX)'s Main Quest, bringing web3 rewards and player ownership to mobile pool gaming.
Immutable X token is stuck in a deep bear market ahead of a big token unlock and as the outlook for non-fungible tokens darkens. Immutable X (IMX) retreated to $1.958 on Sep.
Here are the top 3 token unlocks happening this week that could significantly impact the market
The Injective (INJ) community witnessed significant developments in August, including a major chain upgrade and the successful Injective Builder House event in Brussels.
Injective, the popular Cosmos-based blockchain for decentralized finance, continued retreating amid concerns about its ecosystem. Injective (INJ) token retreated to $16.90 on Sep. 3, its lowest point since Aug. 8.
Several unlocks are coming in September, with a mixed bag of tokens dedicated to the community or to project development. Unlocks are still seen as a mostly bearish sign due to supply pressures.
Immutable, a leading player in the blockchain and crypto space, has shown exceptional resilience. Despite a recent market-wide downturn, which saw Bitcoin (BTC) prices plunge from $64.2k to $58.2k, IMX managed to rebound strongly.