{"id":158926,"date":"2023-12-19T12:19:18","date_gmt":"2023-12-19T12:19:18","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=158926"},"modified":"2023-12-19T12:19:36","modified_gmt":"2023-12-19T12:19:36","slug":"injective-inj-surges-30-in-just-1-day-whats-happening","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/injective-inj-surges-30-in-just-1-day-whats-happening\/","title":{"rendered":"Injective (INJ) Surges 30% in Just 1 Day. What&#8217;s Happening?"},"content":{"rendered":"<p style=\"text-align: justify\"><strong>The price of <a href=\"https:\/\/crypto-economy.com\/what-is-injective\/\" target=\"_blank\" rel=\"noopener\">Injective (INJ)<\/a> is undergoing an impressive bullish rally, reaching unprecedented levels of around $38.52, marking a 2,700% increase year-to-date.<\/strong> This rapid ascent is attributed to several key factors that have driven demand and interest in this native token of the decentralized finance (DeFi) platform Injective.<!--more--><\/p>\n<p style=\"text-align: justify\"><strong>In just one day, INJ exhibited exceptional resilience and potential by recording a remarkable 28.6% <a href=\"https:\/\/coinmarketcap.com\/currencies\/injective\/\" target=\"_blank\" rel=\"noopener\">increase<\/a> in its value. Just 14 days ago, its price barely surpassed $16, in contrast to the current $39.21.<\/strong> This dynamism stood out amid the recent bearish trends in the market, positioning INJ as one of the top performers amidst the fluctuations experienced by other leading cryptocurrencies.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-75953\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2023\/12\/injective-inj-cmc.jpg\" alt=\"injective cmc inj\" width=\"825\" height=\"458\" \/><\/p>\n<p style=\"text-align: justify\">Analysts have identified various reasons behind this surprising rally. In particular, <strong>the significant increase in trading volumes of INJ perpetual futures contracts, surpassing $25.5 million in a single day, is noteworthy. Additionally, incentives provided by centralized exchanges to create volatility and the active participation of short-term traders seeking leverage<\/strong> have also contributed to fueling this phenomenon.<\/p>\n<h2>Investors Confident in the Bullish Trend of Injective<\/h2>\n<p style=\"text-align: justify\">Confidence in the positive price trend of INJ is based on<strong> a combination of technical indicators and fundamental factors<\/strong>. Despite market volatility, Injective Protocol,<strong> the <a href=\"https:\/\/crypto-economy.com\/defi-decentralized-finances\/\" target=\"_blank\" rel=\"noopener\">DeFi<\/a> platform behind INJ, has gained significant popularity<\/strong> and is on the rise within the community, showcasing robust growth and performance. <strong>Moreover, strategically, they have woven effective and necessary alliances<\/strong>, reinforcing their market position through significant collaborations with prominent figures such as Mark Cuban, Binance, and Pantera.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-75954\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2023\/12\/injective-inj-post-1.jpeg\" alt=\"injective inj protocol\" width=\"825\" height=\"300\" \/><\/p>\n<p style=\"text-align: justify\"><strong>Analysts and traders express optimism about the future of INJ, citing the dynamic Wyckoff Accumulation as a positive factor.<\/strong> This pattern, indicating an accumulation phase by institutional or &#8220;smart money&#8221; investors, has generated positive expectations in the cryptocurrency community.<\/p>\n<p style=\"text-align: justify\"><strong>The performance of Injective (INJ) reflects the dynamics and opportunities that arise in the cryptocurrency market during periods of volatility<\/strong>, underscoring the importance of strategic alliances and technical advancements in this ever-changing space. We will observe how its price evolves in the coming days and how long it can sustain its bullish run.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of Injective (INJ) is undergoing an impressive bullish rally, reaching unprecedented levels of around $38.52, marking a 2,700% increase year-to-date. This rapid ascent is attributed to several key factors that have driven demand and interest in this native token of the decentralized finance (DeFi) platform Injective.<\/p>\n","protected":false},"author":34,"featured_media":158927,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,74],"tags":[4656,5287,9838],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/158926"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=158926"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/158926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/158927"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=158926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=158926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=158926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}