{"id":641236,"date":"2024-09-11T05:00:45","date_gmt":"2024-09-11T05:00:45","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=641236"},"modified":"2024-09-12T06:51:49","modified_gmt":"2024-09-12T06:51:49","slug":"injective-inj-jumps-15-as-on-chain-upgrades-spark-investor-interest","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/injective-inj-jumps-15-as-on-chain-upgrades-spark-investor-interest\/","title":{"rendered":"Injective (INJ) Jumps 15% As On-Chain Upgrades Spark Investor Interest"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Injective has been on the crosshairs of investors as the market regains bullish momentum. INJ, the native token of the platform, <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/injective\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">captures<\/span><\/a><span style=\"font-weight: 400\"> some of this bullishness with a 15% upward drive.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/aave-excites-investors-with-20-gain-as-developments-roll-out\/\" target=\"_blank\" rel=\"noopener \">AAVE Excites Investors With 20% Gain As Developments Roll Out<\/a><\/div>\n<p><span style=\"font-weight: 400\">The platform has been the target of positive on-chain development leading to strong investor confidence. With the market rebounding after the early September slump, INJ bulls might have the opportunity to push for more gains in the long term.\u00a0<\/span><\/p>\n<h2><strong>Injective Grows On-Chain As New Developments Hit The Market<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Neptune Finance has been <\/span><a href=\"https:\/\/hub.injective.network\/proposal\/431\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">whitelisted<\/span><\/a><span style=\"font-weight: 400\"> due to Proposal 431 passing, yesterday, September 10. The proposal was simple: grant the Neptune Team to be whitelisted on the Injective blockchain, allowing Neptune to deploy smart contracts without any hitches. <\/span><span style=\"font-weight: 400\"><br \/>\n<\/span><\/p>\n<p><span style=\"font-weight: 400\">This move was supported by the broader Injecive community with over 78% of votes in favor of whitelisting the protocol.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Injective is coming for the top spot \u23f3 <a href=\"https:\/\/t.co\/kl4gZy9n9f\" rel=\"nofollow\">https:\/\/t.co\/kl4gZy9n9f<\/a><\/p>\n<p>\u2014 Injective \ud83e\udd77 (@injective) <a href=\"https:\/\/twitter.com\/injective\/status\/88799928?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 10, 2024<\/a><\/p><\/blockquote>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-641238\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/a_485d91.png?resize=1024%2C623\" alt=\"\" width=\"1024\" height=\"623\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/a_485d91.png?w=1436 1436w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/a_485d91.png?w=460 460w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/a_485d91.png?w=768 768w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/a_485d91.png?w=860 860w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/a_485d91.png?w=750 750w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/a_485d91.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p><span style=\"font-weight: 400\">Injective was also <\/span><a href=\"https:\/\/x.com\/injective\/status\/88799928\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">included<\/span><\/a><span style=\"font-weight: 400\"> in CryptoRank\u2019s Top 10 Blockchains by Price to Revenue Ratio, placing 8th just behind Optimism and ahead of Polygon. This indicates that Injective\u2019s growth is ramping up with an earlier post stating that the Injective-built decentralized exchanges (DEXs) have processed over $40 billion in trades.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Buy crypto in a breeze with <a href=\"https:\/\/twitter.com\/injective?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@Injective<\/a> Bridge.<\/p>\n<p>In just a few clicks, connect your wallet, pick your favorite token, and pay with a credit card, Apple Pay, or Google Pay. Your funds will be available in as little as 15 seconds \u2014 fast, secure, and hassle-free.<\/p>\n<p>\u2014 Mercuryo (@Mercuryo_io) <a href=\"https:\/\/twitter.com\/Mercuryo_io\/status\/80945612?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 10, 2024<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Mercuryo was also made <\/span><a href=\"https:\/\/x.com\/Mercuryo_io\/status\/80945612\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">available<\/span><\/a><span style=\"font-weight: 400\"> on the Injective Bridge, allowing users to buy crypto using other payment services like Apple Pay or Google Pay. This seamlessness in buying crypto will help Injective to reach more users that are interested in the platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With institutional interest in Injective also gaining ground, INJ\u2019s future performance will be in favor of gains.\u00a0<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/0dGzXeaw\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">INJ market cap currently at $1.8 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h2><strong>Rejection At $18.3 Might Derail Future Gains<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Even though INJ has skyrocketed as the market returned to bullishness, the token still faces some resistance in the coming days. As of writing, INJ\u2019s upward momentum was rejected by the $18.3 resistance level which may be a sign that bulls are struggling to maintain their current momentum.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-641237\" src=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/a_216294.png?resize=561%2C254\" alt=\"\" width=\"561\" height=\"254\" srcset=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/a_216294.png?w=561 561w, https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/a_216294.png?w=460 460w\" sizes=\"(max-width: 561px) 100vw, 561px\"><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.ktsl888.com\/news\/analysts-predict-xrp-mega-pump-and-perpetual-cycle-details\/\" target=\"_blank\" rel=\"noopener \">Analysts Predict XRP \u2018Mega Pump\u2019 And \u2018Perpetual Cycle\u2019 \u2013 Details<\/a><\/div>\n<p><span style=\"font-weight: 400\">In this sense, INJ\u2019s high correlation with Bitcoin \u2013and by extension, the broader market\u2013 has significant implications for its future price movement. However, the relative strength index has been relatively stagnant, staying within the midrange, indicating that the bulls and bears are struggling to gain control of the market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The token\u2019s rejection might be the start of a correction phase that places it well below $17.1 in the short term. However, strong development along with strengthened investor confidence might slow INJ\u2019s descent in the coming days.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors and traders should exercise caution in the coming days as bears might flip the token\u2019s momentum to break through the $17.1 support level. If the bulls can hold their ground in the next couple of days, INJ has another shot at retesting the crucial $23 resistance level.\u00a0<\/span><\/p>\n<p><em>Featured image from 01node, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Injective has been on the crosshairs of investors as the market regains bullish momentum. INJ, the native token of the platform, captures some of this bullishness with a 15% upward drive.\u00a0 Related Reading: AAVE Excites Investors With 20% Gain As Developments Roll Out The platform has been the target of positive on-chain development leading to strong investor confidence. With the market rebounding after the early September slump, INJ bulls might have the opportunity to push for more gains in the long term.\u00a0 Injective Grows On-Chain As New Developments Hit The Market Neptune Finance has been whitelisted due to Proposal 431 passing, yesterday, September 10. The proposal was simple: grant the Neptune Team to be whitelisted on the Injective blockchain, allowing Neptune to deploy smart contracts without any hitches. This move was supported by the broader Injecive community with over 78% of votes in favor of whitelisting the protocol.\u00a0 Injective is coming for the top spot \u23f3 https:\/\/t.co\/kl4gZy9n9f \u2014 Injective \ud83e\udd77 (@injective) September 10, 2024 Injective was also included in CryptoRank\u2019s Top 10 Blockchains by Price to Revenue Ratio, placing 8th just behind Optimism and ahead of Polygon. This indicates that Injective\u2019s growth is ramping up with an earlier post stating that the Injective-built decentralized exchanges (DEXs) have processed over $40 billion in trades.\u00a0 Buy crypto in a breeze with @Injective Bridge. In just a few clicks, connect your wallet, pick your favorite token, and pay with a credit card, Apple Pay, or Google Pay. Your funds will be available in as little as 15 seconds \u2014 fast, secure, and hassle-free. \u2014 Mercuryo (@Mercuryo_io) September 10, 2024 Mercuryo was also made available on the Injective Bridge, allowing users to buy crypto using other payment services like Apple Pay or Google Pay. This seamlessness in buying crypto will help Injective to reach more users that are interested in the platform.\u00a0 With institutional interest in Injective also gaining ground, INJ\u2019s future performance will be in favor of gains.\u00a0 Rejection At $18.3 Might Derail Future Gains Even though INJ has skyrocketed as the market returned to bullishness, the token still faces some resistance in the coming days. As of writing, INJ\u2019s upward momentum was rejected by the $18.3 resistance level which may be a sign that bulls are struggling to maintain their current momentum.\u00a0 Related Reading: Analysts Predict XRP \u2018Mega Pump\u2019 And \u2018Perpetual Cycle\u2019 \u2013 Details In this sense, INJ\u2019s high correlation with Bitcoin \u2013and by extension, the broader market\u2013 has significant implications for its future price movement. However, the relative strength index has been relatively stagnant, staying within the midrange, indicating that the bulls and bears are struggling to gain control of the market.\u00a0 The token\u2019s rejection might be the start of a correction phase that places it well below $17.1 in the short term. However, strong development along with strengthened investor confidence might slow INJ\u2019s descent in the coming days.\u00a0 Investors and traders should exercise caution in the coming days as bears might flip the token\u2019s momentum to break through the $17.1 support level. If the bulls can hold their ground in the next couple of days, INJ has another shot at retesting the crucial $23 resistance level.\u00a0 Featured image from 01node, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":641359,"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":[142,6664,83630,88126],"class_list":["post-641236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-inj","tag-injective"],"acf":[],"yoast_head":"\n<title>Injective (INJ) Jumps 15% As On-Chain Upgrades Spark Investor Interest<\/title>\n<meta name=\"description\" content=\"Injective has been on the crosshairs of investors as the market regains bullish momentum. 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INJ, the native token of the platform, captures some of this\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ktsl888.com\/news\/injective-inj-jumps-15-as-on-chain-upgrades-spark-investor-interest\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-11T05:00:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-12T06:51:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/a_74f318.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/injective-inj-jumps-15-as-on-chain-upgrades-spark-investor-interest\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/injective-inj-jumps-15-as-on-chain-upgrades-spark-investor-interest\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/www.ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Injective (INJ) Jumps 15% As On-Chain Upgrades Spark Investor Interest\",\"datePublished\":\"2024-09-11T05:00:45+00:00\",\"dateModified\":\"2024-09-12T06:51:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/injective-inj-jumps-15-as-on-chain-upgrades-spark-investor-interest\/\"},\"wordCount\":548,\"publisher\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/injective-inj-jumps-15-as-on-chain-upgrades-spark-investor-interest\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/a_74f318.jpg?fit=1500%2C1500\",\"keywords\":[\"altcoins\",\"crypto\",\"INJ\",\"Injective\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ktsl888.com\/news\/injective-inj-jumps-15-as-on-chain-upgrades-spark-investor-interest\/\",\"url\":\"https:\/\/www.ktsl888.com\/news\/injective-inj-jumps-15-as-on-chain-upgrades-spark-investor-interest\/\",\"name\":\"Injective (INJ) Jumps 15% As On-Chain Upgrades Spark Investor Interest\",\"isPartOf\":{\"@id\":\"https:\/\/www.ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/injective-inj-jumps-15-as-on-chain-upgrades-spark-investor-interest\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ktsl888.com\/news\/injective-inj-jumps-15-as-on-chain-upgrades-spark-investor-interest\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2024\/09\/a_74f318.jpg?fit=1500%2C1500\",\"datePublished\":\"2024-09-11T05:00:45+00:00\",\"dateModified\":\"2024-09-12T06:51:49+00:00\",\"description\":\"Injective has been on the crosshairs of investors as the market regains bullish momentum. 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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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