{"id":637596,"date":"2024-08-24T19:30:16","date_gmt":"2024-08-24T19:30:16","guid":{"rendered":"https:\/\/ktsl888.com\/?p=637596"},"modified":"2024-08-24T12:10:14","modified_gmt":"2024-08-24T12:10:14","slug":"injective-inj-skyrockets-21-as-proponents-weigh-in-on-new-developments","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/injective-inj-skyrockets-21-as-proponents-weigh-in-on-new-developments\/","title":{"rendered":"Injective (INJ) Skyrockets 21% As Proponents Weigh In On New Developments"},"content":{"rendered":"

Injective piques investors’ interest as on-chain developments continue on the platform. These new integrations and information excite investors, <\/span>bumping<\/span><\/a> the token’s price by over 21%. The continuous positive developments are expected to further steer the INJ on the bullish path.<\/span><\/p>\n

Related Reading: Stacks: New Developments Push STX Price 18% Higher \u2013 Details<\/a><\/div>\n

Given the conditions and positive developments of Injective, its investors and traders have chosen the status of INJ as a prime crypto for its native token, providing values to users and traders.<\/span><\/p>\n

‘Fastest Layer 1 Blockchain’ Slashed Blocktimes To Just 0.65 Seconds<\/strong><\/h2>\n

Injective recently posted a thread detailing the platform\u2019s most recent achievement: slashing finality times to just 0.65 seconds. The platform\u2019s finality times were compared to other layer 1 blockchains like Near, BNB, and Ethereum. According to <\/span>the thread<\/span><\/a>, the network\u2019s finality times are caused by \u201c<\/span>carefully engineered optimizations focused on several key areas from optimized state synchronization and data handling to enhanced resource management.\u201d<\/span><\/p>\n

\n

1\/5 Injective continues to push the boundaries of blockchain scalability, with recent upgrades delivering the fastest speeds imaginable.<\/p>\n

Injective block times have now been slashed to just 0.65 seconds, making it one of the fastest layer 1 blockchains ever created \u26a1\ufe0f pic.twitter.com\/lFN3W1w2Ve<\/a><\/p>\n

\u2014 Injective \ud83e\udd77 (@injective) August 21, 2024<\/a><\/p><\/blockquote>\n

This helps improve user experience on-chain while providing developers with a robust platform to build on. Another aspect that Injective is <\/span>looking towards<\/span><\/a> is the institutional aspect of crypto. The extremely low block times will help attract traditional financial institutions to the platform with speeds rivaling that of the top crypto networks.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Injective Integrates With Balance, Expanding Network Services<\/strong><\/h2>\n

This week, Injective also announced the integration of Balance, a cross-chain decentralized finance platform (DeFI), on the Injective mainnet. The integration opens new opportunities for investors and traders as it introduces new assets like bnUSD, Balance\u2019s native stablecoin.\u00a0<\/span><\/p>\n

INJ market cap currently at $2.1 billion. Chart: TradingView<\/a><\/figcaption><\/figure>\n

The partnership also enables overcollateralized loans on the platform. This enables users to use any asset as collateral, giving them up to two-thirds of the collateral\u2019s value as a loan. With a low 2% fixed interest, users on the platform can flexible loan terms with fast block time finality with Injective.\u00a0<\/span><\/p>\n

INJ Faces Rejection On This Level, But With A Possible Rebound<\/strong><\/h2>\n

As of press time, the token\u2019s momentum, although still significantly bullish, is facing rejection on the $0.39 ceiling, trapping the token in the narrow $0.36-$0.39 range. This range might pressure the bulls to lose momentum in the short term.\u00a0<\/span><\/p>\n

\"\"
Chart: TradingView<\/figcaption><\/figure>\n
Related Reading: Floki Has \u2018More Room To Climb,\u2019 Targets 96% Rally \u2013 Analyst<\/a><\/div>\n

At this point, the token\u2019s correlation with Bitcoin and its most recent developments has squeezed the last bit of bullishness out of INJ, possibly opening the doors to a downward trajectory in the coming days.\u00a0<\/span><\/p>\n

With the relative strength index signaling that the bulls are nearly or already exhausted, investors and traders should expect the bears to attempt a breakthrough on the $0.36 floor before stabilizing on the token\u2019s current trading range. If the bulls are unsuccessful in defending this trading range, the price floor of Injective might move back to $0.32 soon.\u00a0<\/span><\/p>\n

Featured image from Snopes, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Injective piques investors’ interest as on-chain developments continue on the platform. These new integrations and information excite investors, bumping the token’s price by over 21%. The continuous positive developments are expected to further steer the INJ on the bullish path. Related Reading: Stacks: New Developments Push STX Price 18% Higher \u2013 Details Given the conditions and positive developments of Injective, its investors and traders have chosen the status of INJ as a prime crypto for its native token, providing values to users and traders. ‘Fastest Layer 1 Blockchain’ Slashed Blocktimes To Just 0.65 Seconds Injective recently posted a thread detailing the platform\u2019s most recent achievement: slashing finality times to just 0.65 seconds. The platform\u2019s finality times were compared to other layer 1 blockchains like Near, BNB, and Ethereum. According to the thread, the network\u2019s finality times are caused by \u201ccarefully engineered optimizations focused on several key areas from optimized state synchronization and data handling to enhanced resource management.\u201d 1\/5 Injective continues to push the boundaries of blockchain scalability, with recent upgrades delivering the fastest speeds imaginable. Injective block times have now been slashed to just 0.65 seconds, making it one of the fastest layer 1 blockchains ever created \u26a1\ufe0f pic.twitter.com\/lFN3W1w2Ve \u2014 Injective \ud83e\udd77 (@injective) August 21, 2024 This helps improve user experience on-chain while providing developers with a robust platform to build on. Another aspect that Injective is looking towards is the institutional aspect of crypto. The extremely low block times will help attract traditional financial institutions to the platform with speeds rivaling that of the top crypto networks.\u00a0 Injective Integrates With Balance, Expanding Network Services This week, Injective also announced the integration of Balance, a cross-chain decentralized finance platform (DeFI), on the Injective mainnet. The integration opens new opportunities for investors and traders as it introduces new assets like bnUSD, Balance\u2019s native stablecoin.\u00a0 The partnership also enables overcollateralized loans on the platform. This enables users to use any asset as collateral, giving them up to two-thirds of the collateral\u2019s value as a loan. With a low 2% fixed interest, users on the platform can flexible loan terms with fast block time finality with Injective.\u00a0 INJ Faces Rejection On This Level, But With A Possible Rebound As of press time, the token\u2019s momentum, although still significantly bullish, is facing rejection on the $0.39 ceiling, trapping the token in the narrow $0.36-$0.39 range. This range might pressure the bulls to lose momentum in the short term.\u00a0 Related Reading: Floki Has \u2018More Room To Climb,\u2019 Targets 96% Rally \u2013 Analyst At this point, the token\u2019s correlation with Bitcoin and its most recent developments has squeezed the last bit of bullishness out of INJ, possibly opening the doors to a downward trajectory in the coming days.\u00a0 With the relative strength index signaling that the bulls are nearly or already exhausted, investors and traders should expect the bears to attempt a breakthrough on the $0.36 floor before stabilizing on the token\u2019s current trading range. If the bulls are unsuccessful in defending this trading range, the price floor of Injective might move back to $0.32 soon.\u00a0 Featured image from Snopes, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":637602,"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":[142,1020,1558,83630,88126],"class_list":["post-637596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-blockchain","tag-cryptocurrency","tag-inj","tag-injective"],"acf":[],"yoast_head":"\nInjective Up 21% As Proponents Weigh In On New Developments<\/title>\n<meta name=\"description\" content=\"Injective piques investors' interest as on-chain developments continue on the platform. 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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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