Crypto Price Prediction For December 20: STX, INJ, SOL

Crypto Price Prediction: The crypto market currently continues its corrective phase following its recent rally initiated in mid-October. This phase is crucial for buyers to gather momentum for the next upward move.

Timeline of Injective, Solana, Stacks

Injective (INJ), the cryptocurrency native to its own layer-1 blockchain, has seen a remarkable year. The token reached an all-time high of $39.88 on Tuesday, marking an extraordinary 3000% surge over the past 12 months.

The SOL price has initiated a new rally, surpassing the $72 resistance level against the US Dollar. Currently, it is trading above $74 and has crossed the 100 simple moving average (4 hours).

A decentralized wireless network altcoin on the Solana (SOL) blockchain is soaring amid two big consumer-driven events. The decentralized finance (DeFi) telecommunications project Helium Mobile (MOBILE) is up 60% in the past 24 hours, going from Sunday's low of $0.0042 to $0.0067 at time of writing.

Stacks Price Prediction: While the majority of major cryptocurrencies are struggling in uncertainty, the Stacks price showed a strong bounceback from the combined support of $0.87 and the recently breached triangle. In a week, the coin price has rallied 35% to currently trade at the $1.17 mark.

The price of crypto asset Injective has rapidly risen over 2,600% year-to-date to reach new all-time highs around $35, driven by a massive increase in futures trading volumes and leverage, but remains prone to substantial volatility and pullback risks.

In the world of cryptocurrencies, altcoins are becoming more popular, especially as many of them are on the rise and showing better performance than the leading cryptocurrency, Bitcoin. Among the standout altcoins recently are Avalanche, Bonk, and Solana.

Ethereum's Layer-1 competitor Solana has made a strong comeback once again. At press time, the Solana (SOL) price is up by 6% trading at $76.04 with a market cap of $32.5 billion.

In an intriguing move, a popular DeFi token, Injective, experienced a massive rally. It was believed to be a result of positive market sentiment, as they had shifted from being neutral to greedy as the Bitcoin price resumed its upswing.

With the token touching $31.35 early on Friday, the injective (INJ) price formed a new all-time high, suggesting that it has recovered all of its losses. In the cryptocurrency industry, altcoins are gaining traction because most of them have started to rise and are outperforming the leading cryptocurrency, Bitcoin.

Shakeeb Ahmed, a security engineer who exploited two DeFi apps, has pleaded guilty, according to statements from authorities on Dec. 14. Damian Williams, United States Attorney for the Southern District of New York (SDNY), announced a guilty plea from the perpetrator.