Injective’s Recent Surge
Injective, a cryptocurrency, has experienced a significant gain of over 54% this week. Its price has risen from around $8.18 to as high as $12.8. This surge can be attributed to a game-changing feature introduced by Helix, a decentralized exchange operating on the Injective Layer-1 blockchain.
Pre-Launch Futures Trading
Helix recently unveiled pre-launch futures trading, allowing cryptocurrency enthusiasts to speculate on tokens that have yet to officially debut on the market or exchange platforms.
Integration with Google Cloud BigQuery
Helix also announced its integration with Google Cloud BigQuery, making Web3 finance data accessible to a wider audience. The integration introduces the Injective Nexus, a platform that shares core chain data from Injective with the broader community through Google Cloud’s Analytics Hub.
Access to Private Data Sets
Injective Nexus offers developers and institutions access to private data sets via the Injective network. This means that Google Cloud clients and businesses can utilize exclusive Injective datasets for various purposes, including DeFi applications, machine learning, and enterprise trading strategies.
INJ Token Price Prediction
The current value of Injective is $12.6, with a 24-hour trading volume of $357.88 million and a market capitalization of $1.02 billion. Technical indicators suggest that Injective’s price may rise to $7.52 by November 24, 2023 (200-day SMA) and $10.58 by the same date (50-day SMA). The Relative Strength Index (RSI) indicates an overbought condition in the market.
The price of INJ appears poised for a potential rebound, with initial targets set at $16 and later at $25. The enthusiasm surrounding DeFi could provide additional momentum for the token, driving it to achieve new all-time highs.
Injective Alternative with High Profit Potential
Investors looking for cryptocurrencies with significant growth potential may consider Bitcoin Minetrix (BTCMTX). BTCMTX presents a unique ‘Stake-to-Mine’ concept, allowing users to stake tokens and receive mining credits in return. This approach eliminates the risks associated with traditional cloud mining scams and gives users full control over their mining operations.
BTCMTX is currently in its presale phase, with token prices gradually increasing over time. The project aims to simplify and secure Bitcoin mining, especially for newcomers. It also minimizes the environmental impact of mining and has set a token supply cap of 4 billion.
Hot Take: Injective’s Impressive Growth and Potential
Injective’s recent surge can be attributed to the game-changing features introduced by Helix. The integration with Google Cloud BigQuery through the Injective Nexus platform allows developers and institutions to access exclusive data sets for various purposes.
With positive momentum on its side, Injective is well-positioned to sustain its impressive growth. Additionally, the broader enthusiasm surrounding DeFi could further drive the token to achieve new all-time highs.
By
By
By
By
By