Injective(INJ) has been the center of several discussions and predictions in the crypto market. The expectation of INJ price reclaiming $50 is high, following its integration with Toncoin which raises prospects of it returning to the $20 mark and beyond. Injective plans to build a Layer-3 Chain on
Arbitrum after underperforming in crypto markets. Experts predict the coin to hit a boom of up to 1350%. Notably, it has grown by 11% following Gumi's validation and its
token paper debut. The launch of Altaris Upgrade on the mainnet, and a 21Shares partnered INJ-linked
ETP shows its advancement. Injective's latest token burn resulted in a surge in demand and price increase. However, critics question Injective's innovation, suggesting it may be an overfunded Layer One Blockchain. A loss in whales has lead to a price consolidation. It also faces competition from JetBolt, Starknet, Sui, Celestia, and Bitoro with the latter launching perpetual futures on Injective protocol. Bullish indicators point towards a rally for Cosmos and Injective as well. However, the US VC firms have shifted their focus away from Injective and Near Protocol, opting for Algotech instead. Pairing with
Binance Pay for INJ payments has improved its transaction efficiency while the Koala Coin, NEAR, and Injective suggest potential growth. Injective, despite its price hikes, can potentially disappoint if a price breakout fails.
Injective Coin News Analytics from Wed, 06 Dec 2023 08:00:00 GMT to Mon, 19 Aug 2024 06:40:15 GMT -
Rating 4
- Innovation -3
- Information 6
- Rumor -2
