{"id":568494,"date":"2025-01-08T10:50:36","date_gmt":"2025-01-08T10:50:36","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=568494"},"modified":"2025-01-08T09:48:48","modified_gmt":"2025-01-08T09:48:48","slug":"injective-poised-for-breakout-unlock-event-sparks-60-inj-price-surge-forecasts","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/injective-poised-for-breakout-unlock-event-sparks-60-inj-price-surge-forecasts\/","title":{"rendered":"Injective Poised For Breakout? Unlock Event Sparks $60 INJ Price Surge Forecasts"},"content":{"rendered":"

Injective (INJ), the native token of the decentralized exchange protocol Injective Protocol, stands poised for a pivotal moment. On January 21st, a final tranche of 3.66 million INJ tokens will be unlocked, bringing the total circulating supply to a definitive 100 million.<\/p>\n

Injective Token Unlock: Market Dynamics Shift<\/strong><\/h2>\n

This marks the culmination of a phased release schedule outlined in Injective’s token distribution plan, and will see the remaining 16% of token supply flood the market.<\/p>\n

Analysts remain divided on the potential impact of this event. Some anticipate increased selling pressure due to the sudden influx of tokens, potentially leading to a price dip. Others view the unlock as a positive catalyst for liquidity, making INJ easier to trade and potentially attracting new investors.<\/p>\n

\n

\ud83d\udea8 Final Cliff Unlocks Alert \ud83d\udea8<\/p>\n

Mark your calendars for January 21, 2024$INJ<\/a> will be fully unlocked (100%)<\/p>\n

Get ready for the massive cliff unlocks.
\n\ud83e\ude99 3.66 m tokens
\n\ud83d\udcb0 132.4 m dollars
\n\ud83c\udf00 4.35% of cir. supply<\/p>\n

Allocations:
\n– Advisors: $12.04 m
\n– Team: $120.37 m$INJ<\/a> was\u2026 pic.twitter.com\/EYCyv4hsuC<\/a><\/p>\n

\u2014 Token Unlocks (@Token_Unlocks) January 7, 2024<\/a><\/p><\/blockquote>\n

Related Reading: Akash Who? Lesser-Known Altcoin Rules Weekend\u2019s Top 100 List With 40% Rally<\/a><\/div>\n

<\/p>\n

INJ market cap currently at $3.19 billion. Chart: TradingView.com<\/a><\/pre>\n
Regardless of the short-term price action, the full token unlock undeniably represents a turning point for Injective, marking the complete transition from initial distribution to sustained market dynamics.<\/p>\n
It will be fascinating to observe how the community and market respond to this milestone event, and whether it paves the way for further growth and adoption of the Injective Protocol.<\/p>\n
\n
$INJ<\/a> Bullish Flag Formation..!!<\/p>\n
Seems lie Ready for Another Bullish Rally.#Crypto<\/a> #InjectiveNetwork<\/a> #INJ<\/a> pic.twitter.com\/OcPsNJ7laX<\/a><\/p>\n
\u2014 Captain Faibik (@CryptoFaibik) January 6, 2024<\/a><\/p><\/blockquote>\n
Some market participants, such\u00a0as analyst Captain Faibik, believe that Injective may be ready for another rally in anticipation of the impending event. According to Faibik, INJ has established a bullish flag and might see a rise beyond $60.<\/p>\n
Faibik examines the chart and finds two rallies that are joined by a brief period of consolidation. These might potentially lead to a continuing upswing with higher highs and lowers.<\/p>\n
However, given that the market crashed on January 3 and that INJ price<\/a> originally dropped to $33.55, selling pressure could be imminent. The 4-hour chart shows rising volatility, and the Bollinger Bands point to overbought circumstances following INJ’s prior surge to $40.28.<\/p>\n
INJ Price Analysis<\/strong><\/h2>\n
\"\"<\/p>\n
Source: TradingView<\/pre>\n
The price of INJ has been trending downwards<\/a> over the past 24 hours. It is currently trading at $37.412, down from a high of $37.875 earlier in the day.<\/p>\n