Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Injective (INJ) Skyrockets 21% As Proponents Weigh In On New Developments

Share This Post

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.

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’s most recent achievement: slashing finality times to just 0.65 seconds. The platform’s finality times were compared to other layer 1 blockchains like Near, BNB, and Ethereum. According to the thread, the network’s finality times are caused by “carefully engineered optimizations focused on several key areas from optimized state synchronization and data handling to enhanced resource management.”

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. 

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’s native stablecoin. 

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’s 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. 

INJ Faces Rejection On This Level, But With A Possible Rebound

As of press time, the token’s 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. 

At this point, the token’s 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. 

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’s 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. 

Featured image from Snopes, chart from TradingView

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Solana Flashes Buy Signal – $159 Support Key For Rebound

Solana is under pressure after failing to reclaim the $180 level, pulling back as part of a broader market correction The recent rejection highlights a key resistance zone that bulls have been unable

Can Pakistan’s Bitcoin Mining Move Impact BTC Price? Experts Doubt It

The post Can Pakistan’s Bitcoin Mining Move Impact BTC Price Experts Doubt It appeared first on Coinpedia Fintech News Story Highlights Pakistan plans to allocate 2,000 MW for Bitcoin mining and

Michael Saylor Outlines 21 Wealth-Building Strategies With Bitcoin at Center Stage

Michael Saylor delivered a 21-point roadmap for financial empowerment centered on bitcoin during his Bitcoin 2025 keynote address in Las Vegas, aimed not at institutions but at individuals and

More Crypto Clarity: US SEC Says Most Staking Activities Are Not Securities

In a significant development for the industry, the US Securities and Exchange Commission’s (SEC) Division of Corporation Finance shared its view on crypto staking after the recent call for clear

Crypto Billionaire Justin Sun Set for Space Flight? Blue Origin’s Tweet Sparks Buzz

The post Crypto Billionaire Justin Sun Set for Space Flight Blue Origin’s Tweet Sparks Buzz appeared first on Coinpedia Fintech News Justin Sun, founder of Tron and a leading crypto

No Room For Doubt: Analyst’s $900K Bitcoin Forecast Follows Familiar Script

Bitcoin’s price slipped to $105,235 today, dropping 15% over the past 24 hours and falling 42% in the last week Some market watchers see this dip as a pause before a major move According to their
You have not selected any currencies to display