Cryptocurrency Injective Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Cryptocurrency Injective (INJ) has seen a decrease of 3.17% in its price over the last 24 hours, now at $36.67, despite a weekly uptrend of 5.0%. The trading volume dropped by 35.0%, while the circulating supply slightly increased by 0.18% to 88.39 million. Currently, INJ's market cap ranks #47 at $3.24 billion.
March 29, 2024 | 7:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Injective (INJ) experienced a 3.17% price decrease over the last 24 hours, now at $36.67, despite a 5.0% increase over the past week. The trading volume has decreased by 35.0%, and the circulating supply has increased by 0.18% to 88.39 million.
The short-term price decrease of 3.17% in INJUSD, despite a weekly uptrend, indicates a potential volatility in the asset's price. The significant drop in trading volume by 35% could further contribute to price instability. However, the slight increase in circulating supply might not have a substantial impact. Given these factors, the short-term outlook suggests a negative impact on INJUSD's price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100