Bittime - The price of the Injective token (INJ) has just broken through an important resistance level, signaling the potential for significant price increases. The latest analysis shows INJ has the opportunity to rise another 30-40% after reaching a new high (ATH) near $50.
Injective (INJ) is a fast-growing blockchain project, offering a leading solution for decentralized derivatives trading ( DeFi ). This is the right time to get to know INJ more deeply and understand its potential in the future.
Injective Print New ATH
After a continuous bullish (up) trend, INJ price finally managed to break through the resistance around the $45 level. This breakout signals buyer dominance and the potential for further price increases. In fact, INJ had reached a new ATH close to $50.
Check Today's Crypto Market:
| INJ/IDR | SOL/IDR |
| BTC/IDR | ATOM/IDR |
| USDT/IDR | ARB/IDR |
30-40% Increase in Sight?
Analysts are optimistic about INJ's future prospects. If the bullish trend continues, INJ has the opportunity to rise another 30-40% from the current price level. However, it should be noted that these predictions are only estimates and crypto prices can change quickly.
Breaking the Shackles: DeFi for All Assets
DeFi has revolutionized the financial sector by providing financial services without intermediaries. However, most DeFi platforms currently focus only on trading crypto assets. Injective is here to answer these limitations.
Injective offers a platform that enables decentralized derivatives trading for a variety of assets, not just crypto. By utilizing cutting-edge technology such as cross-chain interoperability and automated market making ( AMM ), Injective allows users to trade real-world asset derivatives such as fiat currencies, commodities and even traditional financial instruments.
INJ Price Today
Source: Bittime
Based on today's Bittime Market, INJ was trading at IDR 771,454 per coin on Wednesday 13/03/2024. INJ's price performance itself shows a positive trend with an increase of 14.40% in the last 24 hours.
Also Read How to Buy Crypto:
Why is Injective Rising?
Several factors that might encourage an increase in INJ prices include:
- Rising Popularity of DeFi: DeFi (Decentralized Finance) or decentralized finance is experiencing rapid growth. Injective, as an innovative DeFi platform, also benefits from this trend.
- Advanced Technology: Injective offers cutting-edge technology that enables fast and efficient decentralized derivatives trading.
- Increased Adoption: More and more users are interested in and using the Injective platform, which could lead to an increase in demand for INJ tokens.
Conclusion
The recent increase in INJ prices is a positive signal for the future of the platform. However, investing in cryptocurrencies always carries risks. Do your own research before deciding to buy INJ.
Check Crypto Prices Today:
How to Buy Injective (INJ) on Bittime
You can buy and sell Injective (INJ) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Injective (INJ) is available on Bittime with the market pair INJ/IDR . To be able to buy INJ IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Injective (INJ) on Bittime .
Monitor the price chart movements of Injective (INJ) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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