{"id":564918,"date":"2023-12-11T19:00:39","date_gmt":"2023-12-11T19:00:39","guid":{"rendered":"https:\/\/ktsl888.com\/?p=564918"},"modified":"2023-12-11T18:15:21","modified_gmt":"2023-12-11T18:15:21","slug":"injective-protocol-social-activity-rising-inj-to-explode","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/defi\/injective-protocol-social-activity-rising-inj-to-explode\/","title":{"rendered":"Injective Protocol&#8217;s Social Activity Rising: Is INJ About To Explode?"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">According to AlphaScan\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/alphascan_xyz\/status\/57443468\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">data<\/span><\/a><span data-preserver-spaces=\"true\"> on December 12, social media activity on Injective Protocol (INJ) has steadily increased in the past day and week. This surge in interest has propelled INJ to the second-most mentioned token on social media, trailing only Bitcoin (BTC).<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Injective Social Media Activity Rising<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Specifically, data reveals that INJ received nearly 30% of its weekly mentions in the past 24 hours alone. Furthermore, 37% of all monthly mentions of INJ occurred in the past seven days, further highlighting the growing attention surrounding the project.\u00a0<\/span><\/p>\n<figure id=\"attachment_564922\" aria-describedby=\"caption-attachment-564922\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-564922\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/GBD7x4CXkAAv1-y.jpeg?resize=1024%2C455\" alt=\"Injective Protocol social media mentions | Source: AlphaScan on X\" width=\"1024\" height=\"455\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/GBD7x4CXkAAv1-y.jpeg?w=1200 1200w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/GBD7x4CXkAAv1-y.jpeg?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/GBD7x4CXkAAv1-y.jpeg?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/GBD7x4CXkAAv1-y.jpeg?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/GBD7x4CXkAAv1-y.jpeg?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/GBD7x4CXkAAv1-y.jpeg?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-564922\" class=\"wp-caption-text\">Injective Protocol social media mentions | Source: AlphaScan on X<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">While this is impressive for the project, it seems like INJ is also popular, looking at the very short-term data over the past trading day. Looking at weekly and monthly mentions, <a href=\"https:\/\/ktsl888.com\/news\/solana\/solana-dominates-ethereum-in-daily-active-wallets-sol-back-to-140\/\" target=\"_blank\" rel=\"noopener \">Solana<\/a>, Avalanche, and Ethereum are ahead.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/xrp\/crypto-analyst-xrp-price-18\/\" target=\"_blank\" rel=\"noopener \">Crypto Analyst Predicts Short-Term XRP Price Rally To $18<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">The uptick in Injective Protocol&#8217;s social activity also coincides with expanding prices. Based on Alpha Scan data, INJ has outpaced Bitcoin and other top 10 crypto assets in the last data. If the spike in social activity is behind rising prices, INJ may likely extend gains in subsequent sessions.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">From the INJ daily chart, the coin is at 2023 highs, ripping even higher. As it is, the coin is within a bullish breakout formation, comprehensively easing past November 2023 resistance levels. Of note, the rally is with expanding trading volumes, meaning the leg up is supported and could continue, further drawing more social activity to the project.\u00a0<\/span><\/p>\n<figure style=\"width: 1233px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.tradingview.com\/x\/2Qp97pdQ\/\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/2Qp97pdQ\/\" alt=\"INJ price trending upward on the daily chart | Source: INJUSDT on Binance, TradingView\" width=\"1233\" height=\"592\"><\/a><figcaption class=\"wp-caption-text\">INJ price trending upward on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/x\/2Qp97pdQ\/\" target=\"_blank\" rel=\"noopener nofollow\">INJUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Injective Protocol is a decentralized exchange (DEX) platform that operates on a layer-2 solution, allowing faster and more scalable trading than traditional DEXs. It supports various decentralized finance (DeFi) applications, including derivatives trading and synthetic asset issuance.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Is INJ On The Cusp Of Exploding Above $25?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The growing interest in Injective Protocol is likely due to a combination of factors. Beyond the project&#8217;s unique features, like near-gasless transactions and growing adoption, improving crypto sentiment and strategic partnerships might have supported prices and revived social media activity. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">To illustrate, Injective recently joined<\/span><span data-preserver-spaces=\"true\">\u00a0Google Cloud, encouraging developers to build on the platform.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-42000-support-under-pressure-as-short-position-inflows-soar\/\" target=\"_blank\" rel=\"noopener \">Bitcoin $42,000 Support Under Pressure As Short Position Inflows Soar<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Despite the current optimism, it is not immediately clear whether the spike in social media activity could be a precursor to more price gains for INJ. Even so, with the coin trending at new 2023 highs and trading volumes expanding amid a broader recovery across the crypto scene, it is likely that INJ may explode to record new all-time highs above $25.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to AlphaScan\u00a0data on December 12, social media activity on Injective Protocol (INJ) has steadily increased in the past day and week. This surge in interest has propelled INJ to the second-most mentioned token on social media, trailing only Bitcoin (BTC). Injective Social Media Activity Rising Specifically, data reveals that INJ received nearly 30% of its weekly mentions in the past 24 hours alone. Furthermore, 37% of all monthly mentions of INJ occurred in the past seven days, further highlighting the growing attention surrounding the project.\u00a0 While this is impressive for the project, it seems like INJ is also popular, looking at the very short-term data over the past trading day. Looking at weekly and monthly mentions, Solana, Avalanche, and Ethereum are ahead.\u00a0 Related Reading: Crypto Analyst Predicts Short-Term XRP Price Rally To $18 The uptick in Injective Protocol&#8217;s social activity also coincides with expanding prices. Based on Alpha Scan data, INJ has outpaced Bitcoin and other top 10 crypto assets in the last data. If the spike in social activity is behind rising prices, INJ may likely extend gains in subsequent sessions. From the INJ daily chart, the coin is at 2023 highs, ripping even higher. As it is, the coin is within a bullish breakout formation, comprehensively easing past November 2023 resistance levels. Of note, the rally is with expanding trading volumes, meaning the leg up is supported and could continue, further drawing more social activity to the project.\u00a0 Injective Protocol is a decentralized exchange (DEX) platform that operates on a layer-2 solution, allowing faster and more scalable trading than traditional DEXs. It supports various decentralized finance (DeFi) applications, including derivatives trading and synthetic asset issuance. Is INJ On The Cusp Of Exploding Above $25? The growing interest in Injective Protocol is likely due to a combination of factors. Beyond the project&#8217;s unique features, like near-gasless transactions and growing adoption, improving crypto sentiment and strategic partnerships might have supported prices and revived social media activity. To illustrate, Injective recently joined\u00a0Google Cloud, encouraging developers to build on the platform. Related Reading: Bitcoin $42,000 Support Under Pressure As Short Position Inflows Soar Despite the current optimism, it is not immediately clear whether the spike in social media activity could be a precursor to more price gains for INJ. Even so, with the coin trending at new 2023 highs and trading volumes expanding amid a broader recovery across the crypto scene, it is likely that INJ may explode to record new all-time highs above $25. Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":564921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83405],"tags":[54512,84794,83630,90841,83629,86854],"class_list":["post-564918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi","tag-defi","tag-google-cloud","tag-inj","tag-injective-price","tag-injective-protocol","tag-injusdt"],"acf":[],"yoast_head":"\n<title>Injective Protocol&#039;s Social Activity Rising: Is INJ About To Explode?<\/title>\n<meta name=\"description\" content=\"Injective protocol is rising as social media activity spikes. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. 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