Cryptocurrency Injective Rises More Than 8% In 24 hours
Portfolio Pulse from Benzinga Insights
Injective (CRYPTO: INJ), a cryptocurrency, has seen a significant price increase of 8.06% in the last 24 hours, reaching $17.87. Over the past week, the price has risen over 18%, up from $15.3. Despite this growth, it remains below its all-time high of $24.89. The trading volume has surged by 82% over the past week, and the circulating supply has slightly increased to 84.26 million, which is 84.26% of the maximum supply. Injective currently ranks 43rd in market cap at $1.50 billion.
November 30, 2023 | 3:00 pm
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Injective (INJ) has experienced a notable increase in price and trading volume, indicating a strong short-term bullish trend for the cryptocurrency.
The substantial increase in price and trading volume for Injective (INJ) suggests a heightened interest from traders and investors, which could lead to further short-term gains. The increase in circulating supply is minimal and unlikely to dampen the bullish sentiment. However, as cryptocurrencies are highly volatile, the confidence level cannot be at the maximum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100