Injective (INJ) Surges 70% Amid AI Uptick

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.

Timeline of Injective

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.

Injective, an AI-backed interoperable blockchain optimized for DeFi applications, appears to be portraying noteworthy gains within the crypto space today, December 14. With INJ's horizon amassing bullish sentiments globally, the token is emerging as one of the leading AI-based digital currencies within the crypto landscape.

Injective Protocol's INJ token has recently hit a new all-time high of $27.02. However, it appears that the market is currently in a phase of rest and consolidation, with investors cautiously hopeful yet reluctant to drive prices much higher at the moment.

Injective Price Prediction: Defying the broader market sentiment of uncertainty, the Injective coin entered a strong recovery mode from the second week of December. Amid this rally the coin surged from $16.63 to a recent high of $25, registering a growth of 67.48% in a week.

As the second week for crypto trading began, the market slammed the bullish hopes of traders after bringing remarkable surges for over the past few weeks. Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Solana's SOL, along with other significant altcoins, were hit by bearish volatility and opened in a downtrend.

Despite the crypto industry recording a significant correction in value with a drop of almost 4% within the past 24 hours, the INJ price has displayed a massive jump of over 18% in value, resulting in the price recording a new yearly high.

Amid a bearish sentiment prevailing in the crypto market over the past 24 hours, the Injective (INJ) token has managed to turn the tide in its favor. Major cryptocurrencies like Bitcoin, XRP, and Polygon have seen monthly lows, but INJ's bullish momentum has defied the trend.

Injective, the fastest L1 blockchain, has announced the release of its largest tokenomics upgrade yet. The upgrade, called INJ Burn 2.0, will enable any dApp on Injective to contribute to burn auctions.

The Injective (INJ) community has passed a proposal to bring the remittance crypto XRP to their expanding network by listing XRP/USDT. The move will likely bolster available trading pairs and enhance USDT and XRP liquidity within the Injective protocol. Injective's official tweet called public attention to the recently passed proposal.