{"id":634227,"date":"2024-08-09T12:30:50","date_gmt":"2024-08-09T12:30:50","guid":{"rendered":"https:\/\/ktsl888.com\/?p=634227"},"modified":"2024-08-09T08:09:50","modified_gmt":"2024-08-09T08:09:50","slug":"injective-inj-bounces-back-investor-momentum-sparks-12-rally","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/injective-inj-bounces-back-investor-momentum-sparks-12-rally\/","title":{"rendered":"Injective (INJ) Bounces Back: Investor Momentum Sparks 12% Rally"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Injective starts the day with a bang as INJ, the platform\u2019s native token <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/injective\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">gained<\/span><\/a><span style=\"font-weight: 400\"> over 12% in the past 24 hours. This can be attributed to the market\u2019s <\/span><a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">surprising<\/span><\/a><span style=\"font-weight: 400\"> rally, complemented by a\u00a0 market cap that is up by over 6% after its dip earlier this week.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/dogecoin-price-looking-stronger-expect-massive-gains-analyst-predicts\/\" target=\"_blank\" rel=\"noopener \">Dogecoin Price Looking Stronger \u2013 \u2018Expect Massive Gains\u2019, Analyst Predicts<\/a><\/div>\n<p><span style=\"font-weight: 400\">The rally is also due to Injective\u2019s recent achievements that spur some buzz within and outside their community. Investors might find some value on INJ as it continues to grow and innovate.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Utila Announces Support For Injective Ecosystem<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Today, the institutional wallet and blockchain infrastructure-focused Utila <\/span><a href=\"https:\/\/x.com\/utila_io\/status\/01916908\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> its support for the Injective ecosystem. The move came after Utila acknowledged several features that make it attractive for itself and for organizations that use the platform.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\ude80 Exciting News: Utila Now Supports Injective \ud83c\udf10\u26d3\ufe0f<\/p>\n<p>We&#8217;re thrilled to announce that Utila now supports <a href=\"https:\/\/twitter.com\/injective?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@injective<\/a> , the blockchain built for finance, further expanding your digital asset management capabilities.<\/p>\n<p>Renowned for its plug-and-play infrastructure, Injective enables\u2026 <a href=\"https:\/\/t.co\/Z64aGjIOmM\" rel=\"nofollow\">pic.twitter.com\/Z64aGjIOmM<\/a><\/p>\n<p>\u2014 Utila (@utila_io) <a href=\"https:\/\/twitter.com\/utila_io\/status\/01916908?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 8, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">\u201cRenowned for its plug-and-play infrastructure, Injective enables the rapid deployment of sophisticated functionalities into applications, encompassing decentralized trading, lending, real-world assets (RWAs), and more,\u201d stated Utila in their announcement post on X.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This will grow the Injective user base to not only include retail investors and crypto enthusiasts. It will help the platform grow more maturely, getting institutional-level attention through the use of its robust network while also benefiting from Utila\u2019s strong security as well.\u00a0<\/span><\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/5z1fLOVn\/\" alt=\"\" width=\"2475\" height=\"1163\"><figcaption class=\"wp-caption-text\">Injective market cap currently at $1.73 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">With interest in crypto increasing in traditional finance, the growing convenience of onboarding crypto into their portfolios will make a huge difference. This has <\/span><a href=\"https:\/\/finance.yahoo.com\/news\/institutional-demand-bitcoin-etfs-just-131243204.html\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">occurred<\/span><\/a><span style=\"font-weight: 400\"> already, with more and more crypto-based exchange-traded funds (ETFs) being announced since then.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">INJ Trading At A Trendline Pointing Upward<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Looking at INJ\u2019s chart, the token is currently situated on its late-November 2023 level that preceded the December rally occurring that same year. If it were to happen again, investors\u00a0 might see huge gains in the long term as the market warms up for more action.\u00a0<\/span><\/p>\n<figure id=\"attachment_634236\" aria-describedby=\"caption-attachment-634236\" style=\"width: 633px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-634236 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_ca8f28.png?resize=633%2C300\" alt=\"\" width=\"633\" height=\"300\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_ca8f28.png?w=633 633w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_ca8f28.png?w=460 460w\" sizes=\"(max-width: 633px) 100vw, 633px\"><figcaption id=\"caption-attachment-634236\" class=\"wp-caption-text\">Injective rallies in the last 24 hours. Source: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/injective\" target=\"_blank\" rel=\"noopener nofollow\">Coingecko<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">However, INJ bulls are facing slight resistance on $18.02 as the candle flips red. This difficulty might slow the bullish momentum, lowering volatility as the token floats between $18.02 and $21.16. A slight pause might transpire in the short term as bulls take advantage of the low volatility to gain momentum once more.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-634238\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_599627.png?resize=562%2C383\" alt=\"\" width=\"562\" height=\"383\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_599627.png?w=562 562w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/a_599627.png?w=460 460w\" sizes=\"(max-width: 562px) 100vw, 562px\"><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/polkadot-developments-show-strength-despite-coins-18-loss\/\" target=\"_blank\" rel=\"noopener \">Polkadot Developments Show Strength, Despite Coin\u2019s 18% Loss<\/a><\/div>\n<p><span style=\"font-weight: 400\">As recession fears die down along the way, bullishness in traditional finance might continue with major indices like the S&amp;P 500 and the Dow Jones spotted making gains which has a huge upside probability in the long run. But analysts like <\/span><a href=\"https:\/\/x.com\/TradeWithThanos\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">8th Wonder<\/span><\/a><span style=\"font-weight: 400\"> believes that the current rally is a short squeeze as the current movement is a classic squeeze: a sharp and short uptick in price before being followed by a free fall.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If the price of major cryptocurrencies are in fact in a short squeeze, investors will inevitably feel pain in the long run.\u00a0<\/span><\/p>\n<p><em>Featured image from Facts.net, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Injective starts the day with a bang as INJ, the platform\u2019s native token gained over 12% in the past 24 hours. This can be attributed to the market\u2019s surprising rally, complemented by a\u00a0 market cap that is up by over 6% after its dip earlier this week.\u00a0 Related Reading: Dogecoin Price Looking Stronger \u2013 \u2018Expect Massive Gains\u2019, Analyst Predicts The rally is also due to Injective\u2019s recent achievements that spur some buzz within and outside their community. Investors might find some value on INJ as it continues to grow and innovate.\u00a0 Utila Announces Support For Injective Ecosystem Today, the institutional wallet and blockchain infrastructure-focused Utila announced its support for the Injective ecosystem. The move came after Utila acknowledged several features that make it attractive for itself and for organizations that use the platform.\u00a0 \ud83d\ude80 Exciting News: Utila Now Supports Injective \ud83c\udf10\u26d3\ufe0f We&#8217;re thrilled to announce that Utila now supports @injective , the blockchain built for finance, further expanding your digital asset management capabilities. Renowned for its plug-and-play infrastructure, Injective enables\u2026 pic.twitter.com\/Z64aGjIOmM \u2014 Utila (@utila_io) August 8, 2024 \u201cRenowned for its plug-and-play infrastructure, Injective enables the rapid deployment of sophisticated functionalities into applications, encompassing decentralized trading, lending, real-world assets (RWAs), and more,\u201d stated Utila in their announcement post on X.\u00a0 This will grow the Injective user base to not only include retail investors and crypto enthusiasts. It will help the platform grow more maturely, getting institutional-level attention through the use of its robust network while also benefiting from Utila\u2019s strong security as well.\u00a0 With interest in crypto increasing in traditional finance, the growing convenience of onboarding crypto into their portfolios will make a huge difference. This has occurred already, with more and more crypto-based exchange-traded funds (ETFs) being announced since then. INJ Trading At A Trendline Pointing Upward Looking at INJ\u2019s chart, the token is currently situated on its late-November 2023 level that preceded the December rally occurring that same year. If it were to happen again, investors\u00a0 might see huge gains in the long term as the market warms up for more action.\u00a0 However, INJ bulls are facing slight resistance on $18.02 as the candle flips red. This difficulty might slow the bullish momentum, lowering volatility as the token floats between $18.02 and $21.16. A slight pause might transpire in the short term as bulls take advantage of the low volatility to gain momentum once more.\u00a0 Related Reading: Polkadot Developments Show Strength, Despite Coin\u2019s 18% Loss As recession fears die down along the way, bullishness in traditional finance might continue with major indices like the S&amp;P 500 and the Dow Jones spotted making gains which has a huge upside probability in the long run. But analysts like 8th Wonder believes that the current rally is a short squeeze as the current movement is a classic squeeze: a sharp and short uptick in price before being followed by a free fall. If the price of major cryptocurrencies are in fact in a short squeeze, investors will inevitably feel pain in the long run.\u00a0 Featured image from Facts.net, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":634233,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,428,6664,83630,88126],"class_list":["post-634227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-bitcoin","tag-crypto","tag-inj","tag-injective"],"acf":[],"yoast_head":"\n<title>Injective Bounces Back: Investor Momentum Sparks 21% Rally<\/title>\n<meta name=\"description\" content=\"Injective starts the day with a bang as INJ, the platform\u2019s native token gained over 12% in the past 24 hours. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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