Injective Price Records New High! Will INJ Price Hit New ATH Soon?

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.

Timeline of Injective

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.

Injective (INJ) price has been on a 48% tear since Blackrock filed a Bitcoin ETF application with the SEC on June 15. On-chain data shows that long-term investors are doubling down on their bullish positions.

Injective (INJ) has been positive in 2023, racking up a nearly 500% price increase since the turn of the year. This significant rise ranks the cryptocurrency as one of the year's best-performing assets.

Cryptocurrency market players are always in search of gems within the sector. While the industry continues to grow, investors are looking for next-gen alts with impressive profitability potential. Two altcoins, Render Token & Injective, appear as successors of renowned projects like Solana, Polygon, and Cardano.

A widely followed crypto analyst says that one Ethereum (ETH)-based altcoin is flashing signs of bullishness against both the US dollar and Bitcoin (BTC). Pseudonymous crypto analyst Kaleo tells his 590,200 Twitter followers that the decentralized derivatives exchange Injective (INJ) looks poised to outperform Bitcoin (INJ/BTC).

Injective Protocol, a prominent blockchain platform catering to decentralized applications (dApps), has recently gained significant attention due to the notable surge in the price of its native token, injective (INJ). Over the past week, the INJ token has experienced a remarkable growth rate of 23%.

Injective (INJ) is one of the few tokens to have racked up impressive gains in the last week. While most of the assets in the crypto market were marked by insignificant price actions leading to little gains or losses, INJ stood out with an excellent price movement to become one of the biggest weekly gainers.

Injective Protocol, a blockchain platform designed for decentralized applications (dApps), is attracting attention as its native injective (INJ) token is experiencing a price surge, rising by over 22% in the past week.