Bitcoin (BTC) had a reasonably positive weekend, pushing back above $63,000 after dropping to a low of $60,031 on Thursday. The world's largest cryptocurrency is up by almost 3% over the past 24 hours, reaching a high of $63,916 earlier today before sellers pushed the price back below $63,500.
INJ showed resilience throughout the September rally, but a hidden risk still lingers, threatening to undermine its recovery potential.
TL;DR Injective 3.0 Launch: The upgrade introduces an aggressive token burn mechanism to transform INJ into a highly deflationary asset, potentially driving up its value. Market Dynamics Shift: The reduction in INJ supply is expected to enhance scarcity, making the token more attractive to investors and possibly leading to significant price appreciation.
One of the biggest goals is to cut down the supply of INJ tokens. It could make it one of the most deflationary assets in all of crypto.
With BTC's price holding its value above the $64k level, the market has experienced increased bullish action. Moreover, the memecoin and AI categories have recorded the highest gains within a short period.
Injective, a Mark Cuban-backed layer-1 network, bounced back, rising to its highest level in over two months as whale activity increased. Injective (INJ) token jumped to $24.87 on Tuesday, Oct.
Following the lead of Bitcoin (BTC), the altcoins are starting to break out and recover their lost gains of the last six months. $SUI, $INJ, and $FTM are among the altcoins currently making the fastest progress to the upside.
Bitcoin (BTC) sank further, dropping below $64,000 following a drop of 1.22% over the past 24 hours. The drop comes despite positive sentiments around the world's largest cryptocurrency and an increase in spot Bitcoin ETF inflows.
At Token2049, Injective (INJ)impressed with keynotes, panels, and engaging activities, showcasing its influence in the web3 space.
Recent reports from blockchain analytics firm Lookonchain revealed that the whale liquidated 150,428 INJ tokens, valued at approximately $3.29 million. The transaction involved swapping these tokens for an impressive 2.44 million LDO tokens, worth around $3.05 million at the time of the exchange.
Injective has experienced a sustained uptrend over the past month. INJ has surged by 10.99% over the past 24 hours.
Injective (INJ) price has recently experienced a significant bullish breakout. The INJ price is currently following an upward trend.
Both the INJ/USD and RUNE/USD pairs have broken out in favour of these altcoins over the last week. Can they both break the downtrend, or could the BTC/USD pairing break down and turn these altcoin price movements into a fake-out?
Bitcoin's return to $60,000 and surging AI tokens like ICP, FET, and INJ spark discussions of a potential altcoin rally.
Injective (INJ), a decentralized trading platform, has captured attention in the cryptocurrency market with its notable performance over the past week. The token has seen an 18% rise in value after breaking out of a month-long descending channel.
Bitcoin (BTC) surged past $64,000 on Monday, rising to a high of $64,400 before dropping to its current levels. The world's largest cryptocurrency has been up over 8% during the past seven days as it continues its rally following the 50 bps rate cut by the Federal Reserve.
INJ has taken its first rally step and is trying to gather momentum for a rally.
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.
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.
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.
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.
Mercuryo partners with Injective (INJ)to streamline fiat-to-crypto transactions, easing user onboarding to the Injective ecosystem.
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.
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.
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.
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.
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.