Bitcoin price aims to break its range resistance and hit a new all-time high. Will altcoins follow?

As Bitcoin experiences a sideways consolidation phase, dropping up to 23% from its all-time highs, its overall market outlook remains cautiously optimistic. This consolidation is viewed as a healthy correction, potentially setting the stage for future growth.

BNB, the native cryptocurrency of the BSC network, has undoubtedly been one of the winning altcoins scene the bull market began. The price has been able to go from around $200 to over $600 in the space of a year, notching over 200% gains in the process.

Story Highlights The live price of the Injective token is Injective (INJ) price could hit a high of $57.66 by the end of the year 2024. With a potential surge, the INJ's price may record a high of $181.18 during the year 2030. Launched in November 2021, alongside a $120 Million incentive program called Astro.

The altcoin market retreats as most assets lose steam following the recent GameStop-triggered rallies. While the likes of PEPE stare at more dips, Injective's loyal investors keep INJ price afloat. Long-term holders aid INJ recovery Injective struggled after impressive actions, declining to explore yearly lows. Nevertheless, indicators suggest a notable comeback for the altcoin.

BNB's rally from its support line might be short-lived as the coin's funding rate remains negative

While Injective's (INJ) price may not be the worst performer, it managed to mark a new bearish achievement in the last 24 hours.

BNB experienced a notable 3% price surge following Binance's recent announcement, which has generated significant excitement and speculation among traders. This update, aimed at increasing market liquidity and enhancing the trading experience, involves adjustments to the tick size, or the minimum price movement of a trading pair.

Risky assets, including Bitcoin and altcoins, received a boost following today's CPI report.

Binance Coin (BNB) stands as both a beacon of innovation and a barometer of market sentiment. As the digital landscape undergoes seismic shifts, BNB finds itself at a crossroads, its trajectory hinging on its ability to surpass the formidable barrier of $600.

Bitcoin (BTC) recent surge to a record high of $73,750, followed by a pullback to $61,000, has set the stage for what many in the cryptocurrency sector believe could be the onset of an altcoin season. Analysts' diverse predictions hint at a massive upswing in altcoin valuations.

In a significant development, Binance has issued a key announcement that might concern BNB Beacon Chain (BEP2) users. As indicated by the project team in January 2024, BNB Beacon Chain (BEP2) will be phased out in June 2024.

The cryptocurrency market is bouncing back, according to CoinStats.

As Solana (SOL) and BNB (BNB), the native Binance coin, consolidate near key areas, investor attention on new coins is firmly on Algotech (ALGT). This price prediction for BNB and SOL also highlights the Algotech presale and the coin's potential to outperform peers in coming months.

You can click on this news section to read its content. It seems somehow there is no meta tag description available for this news article.

The crypto market continues to display increased price volatility with top altcoins recording constant fluctuations in their respective portfolios. However, top altcoins continue their struggle to hold the price above their important support levels, indicating a strong bearish sentiment.

BNB price is showing bearish signs below the $600 level. The price must settle above the $575 and $585 resistance levels to gain bullish momentum.

BNB Chain is revolutionizing the integration of blockchain and AI, providing a robust platform that fosters innovation across various sectors.

The deployer account changed an Alex contract's implementation address, and multiple tokens were subsequently drained from its bridge.

These are the cryptos to buy as they represent blue-chip coins that will trend higher on rising cryptocurrency adoption.

High open interest volume, negative funding rates, and upward accumulated liquidations can indicate a potential short squeeze for cryptocurrencies. In particular, Finbold spotted significant indicators for BNB Chain (BNB) and Toncoin (TON), signaling a short squeeze could happen soon.

By assessing ongoing SEC litigation, regulatory hurdles and celebrity influence, find out how these factors shape the crypto landscape.

BNB Chain announces Chapter 2 of its Airdrop Alliance, offering exciting opportunities and rewards for users.

Binance completes integration of Wrapped BTC (WBTC) on Kava EVM and Bonk (BONK) on BNB Smart Chain, facilitating deposits and withdrawals.

Binance (BNB) coin price is trading modestly due to its horizontal trend. Price analysis by Coinidol.com.

Bitcoin's strong rebound of the $60,000 level is encouraging but it still could be a hint that BTC's range-bound action could continue for some time.

In the last seven days, Binance Coin showed more positive trends among the top 5 crypto assets.

The new week has started bullish for most of the coins; however, there are some exceptions to the rule, according to CoinMarketCap.

Decentralized finance projects Lido and Aave generated more fees in the last 24 hours than top blockchain networks like Bitcoin, Ethereum, and Solana. According to DeFillama data, Lido accrued $2.34 million, while Aave amassed $1.85 million during this period.

Aave has reduced its loan-to-value requirements for DAI after MakerDAO's stablecoin gained indirect exposure to Ethena's USDe.

Injective (INJ), a decentralized exchange (DEX) protocol, is stirring excitement in the cryptocurrency market with analysts predicting a potential price surge. The token has been under the watchful eye of analysts, with many anticipating a significant upward move in its value.

BNB, the native crypto of the Binance exchange, maintains a strong position at the $600 level, indicating potential bullish momentum.

The range formation of the past two months extended from $506 to $633, but BNB might break free soon.

Bearish sentiment around BNB increased as its price fell. Market indicators and metrics hinted at a trend reversal.

Social Volume and Weighted Sentiment for BNB fell, indicating a decline in its popularity.

The chain is experiencing growth in transactions but it may not be the same for the coin price.

Binance Coin (BNB) emerges as a beacon of resilience and promise, defying market turbulence with a steady climb towards unprecedented heights. Anchored by Binance's strategic prowess, regulatory clarity, expanding network engagement, and insightful technical analyses, BNB embarks on a trajectory aimed at sustained growth within the $800-$1000 range.

Binance Charity steps in to assist flood-affected users in Brazil with a donation of up to $1 million in BNB tokens.

BNB witnesses a price correction, but the bearish trend might not last long.

BNB price continues to show strength, leading traders to place an $800 price target on the Binance exchange token.

Bitcoin's failure to rise above the 20-day EMA increases the risk of a downward breakdown for BTC and many altcoins.

BNB price is attempting a fresh increase from the $540 zone. The price must settle above the $600 resistance to gain bullish momentum.

As previously stated, the crypto markets continue on their roller coaster ride, with cryptos exhibiting high volatility. After a brief consolidation near $60,000, BTC prices rebounded above $63,000, ending the bearish trade setup. Now that the longs have played well, some altcoins, such as INJ, ARB, and AIOZ, have performed exceptionally well.

TL;DR Injective launches its Layer-3 network, inEVM, with Arbitrum's Orbit technology. It will provide more interoperability and enhanced functionalities. The main goal is to strengthen connectivity between Ethereum, Cosmos, and Solana. A mechanism to burn a portion of protocol fees will be implemented, increasing transaction processing efficiency and contributing to economic sustainability.

This collaborative integration with Caldera boosts interoperability and transaction efficiency across platforms. The newly introduced inEVM integration is set to transform how transactions and interoperability function within the blockchain realm.

If bullish activity soars, BNB's next price point might be above $600. Otherwise, its value will fall to the $550 region.

Injective announced the launch of its Layer-3 network, the inEVM, powered by Arbitrum's Orbit toolkit.

Bitcoin's dull range-bound action is likely to continue for a few more days as the bulls and the bears battle for control of BTC price.