Pioneering Developments Drive 19% Increase in Injective Protocol (INJ)
The Injective Protocol (INJ) has experienced a 19% increase in value, thanks to pioneering developments in its Layer-2 decentralized exchange (DEX). This increase is good news for investors who have suffered losses during the bear market.
woke up. checked price. good price.
GM $INJ pic.twitter.com/RMmmoKoLyT
— Injective Creatures (@INJcreatures) October 24, 2023
INJ currently has a market capitalization of around $1.06 billion and is trading at $12.68, representing a significant 23.8% increase in the past 24 hours.
Bulls May Face Rejection at $12.06 Resistance
The price of INJ has rebounded strongly from the support zone at $7.47, indicating a potential continuation of the bullish trend. The bounce on both the 50-day and 200-day moving averages provides positive momentum for the bulls to aim for breaching the resistance point at $12.6.
The Relative Strength Index (RSI) has surged to 91, signifying intense buying pressure. However, a correction may occur before the bulls regain control. The alignment of simple moving averages and the RSI suggests a positive trend, with the bulls targeting a new peak at $15.
It’s important to note that the $12.6 mark may attract bearish activity, potentially causing a price decrease to $10.1. Buyers may find support around the $8.2 mark.
Don’t Miss Out on BTCMTX Presale
If you missed out on the INJ surge, consider participating in the presale project of BTCMTX. This project offers an enticing opportunity with its stake-to-mine capabilities, positioning itself as a potential alternative to BFC.
#BitcoinMinetrix is now in Stage 3! 🔥 pic.twitter.com/Od4Syqx7EA
— Bitcoinminetrix (@bitcoinminetrix) October 23, 2023
BTCMTX has attracted substantial attention from investors, with the presale funding reaching $2,200,411.58 in Stage 3. The project aims to reach a $15 million hard cap in the presale, with a soft cap of $3.1 million. Each token is available for purchase at $0.0112 during this stage.
Participants in the stake-to-mine program can earn up to 267% APY by staking BTCMTX tokens. This unique feature combines cloud mining and token staking, with 155 million tokens actively staked.
Join the $30,000 Minedrop Competition
There is an airdrop competition where you have a chance to win $3,000 worth of BTCMTX tokens among ten lucky winners.
Satoshi Staker has highlighted the impressive achievements of the BTCMTX project on his YouTube channel:
Visit the BTCMTX website, connect your Web3 wallet, and exchange your USDT, ETH, or BNB for tokens. Alternatively, you can make a direct purchase using a bank card.
Hot Take: Bitcoin Breaks $35K with Potential Mega Bull Run
Bitcoin has broken the $35K mark and signals a potential mega bull run. Additionally, Bitcoin Minetrix has surpassed $2M in funding with the potential for a 2,000x surge. Keep an eye on ApeCoin’s strong 9% rise, but be cautious of Meme Kombat’s presale jungle.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.