Injective Price Soars 29% to Reach $31.38
The Injective (INJ) price surged by 29% in the last 24 hours, trading at $31.38 with a trading volume of $638 million. This rise has seen the token gain a whopping 2,664% year-to-date. The surge has seen it emerge as one of the top gainers in the crypto space.
INJUSD Chart Analysis
You can observe bullish momentum in the INJ chart due to a breakout from the accumulation phase, which has pushed the price up from $7.16. Although there has been resistance at $18.95, bulls established control around $15.32, aligning with the 50-day simple moving average and propelling the price to $40.
The Future of the Injective Price
Despite facing resistance, the INJ price is bullish, with the Relative Strength Index standing at 88 and signaling significant buying pressure in the market. Some are eyeing the next all-time high projected at $55, representing a potential 34% increase. However, it is possible for bears to trigger a correction towards the $29.95 level.
Sponge V2: A Potential Game Changer
Sponge V2 promises a staggering 100X gains again, following a remarkable 13,000 holders and extremely successful airdrop campaign. It will build upon the achievements of the first version of Sponge token, providing unmatched utility.
SPONGEV2’s New Features
SPONGEV2 introduces a “Stake-to-Bridge” system, linking the V2 token with the initial ecosystem, offering lucrative rewards. Moreover, loyal holders can benefit from a fixed four-year staking period, with an impressive 3,510% annual percentage yield (APY) rate.
Hot Take
The Sponge V2 presale promises even higher returns after the resounding success of the original Sponge token. This is an excellent opportunity to benefit from lucrative profits through crypto trading platforms or loyal staking.
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