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Injective price is trading with a bullish bias on lower and higher time frames, up 2% in the last day. The 24-hour trading volume for INJ has increased by 15%, indicating that investors are playing the token, which is often a bullish sign. But throughout October, the token rose 85%.
INJ token holders are in euphoria mode, with a recent announcement indicating that the token will be available for trading on the HotsCoin exchange. This listing provides greater exposure for INJ tokens, taking advantage of the platform’s extensive user base in the United States and Canada, where it holds trading licenses.
【New Coin List】 HotsCoin will soon list Injective ($INJ)!
Trading pair: INJ/USDT
Currency type: ERC20Trading time: 15:00 on November 1 (UTC+8)
Withdrawal time: 16:00 on November 2 (UTC+8)#INJ #Injective #hotscoin btc?src=hash&ref_src=twsrc%5Etfw”>#btc eth?src=hash&ref_src=twsrc%5Etfw”>#eth #ethics #TORJ #FACE MASK #GMX #AVAX #AUNT… pic.twitter.com/gFU99XZryl— HotsCoin (@HotsCoin_ES) November 1, 2023
Injectable price action has been exceptional in 2023, rising nearly 1,150% since the end of January, around $1,124, to the current price of $13,625. From the beginning, security and speed in transactions have been in abundance as investors traded INJ for profits.
If there is a Ballon d’Or in the crypto space, then @Injectiva_ It is the only platform that deserves it
Quick
Sure
Profitable #INJ He has done exceptionally well this year and deserves a trophy for being the fastest layer 1. #blockchain pic.twitter.com/Aq0Pw2zkUw– BabakekereofKP (@BabakekereOfKP) November 1, 2023
As in the case of bitcoin, investors anticipate an even better November than October for the Injective price. Apparently the assumption that October, or “until October” as some would say, has always been a good month for trading, extends to November as well.
Happy new month to me $inj Family, October was great but November would be better. #BULLISH #INJ #Injective pic.twitter.com/EYGGZLCS8n
— EmpiretradesPRO || $INJ Memecoin (@EmpiretradesPRO) October 31, 2023
Injectable purchases in institutional integration
The increase in Injective’s price can be attributed, among other reasons in the broader market, to its new integration with BitGo. According to an official advertisementThe two ecosystems come together to further advance institutional adoption in the decentralized finance (DeFi) space.
The collaboration between @BitGo and @Injectiva_ represents a monumental advance for #DeFi industry.
The central component of integration is #BitGo native support for $INJthe utility token used to power, secure and govern #Injective.https://t.co/f266INiHlr#web3 pic.twitter.com/DH7IzAJfk2
– Sasha Volkoff (@SashaVolkoff1) November 1, 2023
An excerpt from the official blog reads: “BitGo will seamlessly integrate INJ into its platform. This will allow some of the most influential institutional actors to safely deploy and safeguard their INJ holdings. They will also be able to delve deeper into the world of Injective. In turn, this also allows both BitGo and Injective to make significant strides in advancing institutional DeFi adoption.”
BitGo has made a name for itself at the forefront of digital asset security, custody, and liquidity services. It specializes in providing an operational backbone network for more than 1,500 institutional clients in more than 50 countries. The prestigious list comprises regulated entities, including some of the world’s largest cryptocurrency exchanges and platforms. The integration brings all of these resources to the doorstep of the Injective ecosystem.
In addition to integration, the INJ network has also been active in the development of the ecosystem, including a role in the Hackathon where developers met. His efforts generated traction for the community, as evidenced by transaction volume exceeding 300 million, while his community of followers on crypto X surpassed the 400,000 mark.
The past month has been very busy for @Injectiva_ from the Hackathon, multiple integrations, crossing over 300 million trx volume, reaching 400,000 followers on X, etc.
As ninja we will continue to build and make @Injectiva_ even stronger.
Happy new month ninjas!!#Injective #Ninjas $INJ pic.twitter.com/HTy1UtGW8g
— Tega (@0xtega_) November 1, 2023
These are no mean feats.
INJ Forecast as Injectable Price Faces Tough Weekly Barrier
The injective price is trading with a bullish bias in the weekly period, as indicated in the chart below. Facing tough weekly resistance, the odds favor the upside with momentum still strong. Therefore, further buying pressure above current levels could see INJ surpass the same highs of $14,499, extending north to collect sell-side liquidity (SSL).
In a highly bullish case, gains could extend until Injective price tests the $17,500 level, or in a highly bullish case, ascend to the psychological $20,000 level. Such a measure would constitute a 45% increase above current levels.
From a technical point of view, INJ is overbought, but not yet ready to sell. Investors should watch for the RSI to bounce above the 70 level before opening new long positions. Meanwhile, the fact that the Awesome Oscillator (AO) indicator is positive is a good sign as its green histograms show that the bulls maintain a strong presence in the INJ market.
However, if momentum continues to decline and the RSI crosses below 70, it could trigger a sell-off. This could likely cause Injective price to decline, first losing the immediate support at $13,213. Potentially, the decline could extend until INJ loses all the ground covered in the previous candle. A breakout and close below the $10,037 support level would invalidate the bullish thesis.
In the most severe case, the downtrend could cause Injective price to break below the consolidation phase to collect buy-side liquidity (BSL) which lies below the critical weekly support of $5,575.
Injectable price prospects aside, analysts say BTCMTX could explode upon launch, with 10x growth potential on the cards for early investors.
Promising alternative to injective
BTCMTX is a good consideration when looking for portfolio diversification alternatives. It is the token that powers the bitcoin Minetrix ecosystem and offers investors easy entry into the bitcoin (btc) market.
Discover the prosperous world of #bitcoin MiningIndustry growth is projected to reach $12 billion by 2027!
In #BitcoinMinetrixWe are making mining accessible and safe for everyone through innovative cloud mining and staking methods. pic.twitter.com/memJbYnqle
—Bitcoinminetrix (@bitcoinminetrix) October 29, 2023
bitcoin Minetrix is a cloud mining platform, where BTCMTX holders stake their tokens for mining credits. Hence the narrative of the game to mine. When you burn, or in simple terms, redeem your tokens, you earn mining credits which can be redeemed for mining hash power.
Comprehension #CloudMining for $btc
Cloud mining allows people to participate in bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin mining without owning or maintaining the equipment.
Discover the benefits:
No initial hardware costs.
Minimum experience required.
Passive rewards potential. pic.twitter.com/XktSxqwWoW—Bitcoinminetrix (@bitcoinminetrix) October 29, 2023
Traders are flocking to buy BTCMTX on the bitcoin Minetrix website, where a single token sells for $0.0113. So far, pre-sale collections have reached $2.915 million of the $3.385 million goal. The price will increase in 24 hours, which means now is the best time to buy at a discount.
#BitcoinMinetrix Stage 4 will be over in 2 days! pic.twitter.com/VkihLXxyVb
—Bitcoinminetrix (@bitcoinminetrix) October 31, 2023
The project has decentralized and tokenized the entire bitcoin mining process, giving control to token holders. By doing so, it has eliminated the risks related to scams while offering investors a profitable way to own btc.
Get on board and discover the ease of bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin cloud mining with #BitcoinMinetrix!
Perfect entry point for beginners.
Profitable, without equipment costs.
Say goodbye to concerns about space, noise and heat.
Smooth and effortless updates. pic.twitter.com/PvmKeOweCY—Bitcoinminetrix (@bitcoinminetrix) October 31, 2023
Not only is the token among the top three ICOs to buy in 2023, alongside Meme Kombat and TG.Casino, but it also maintains a presence among the top five cryptocurrencies to buy in November.
Visit the bitcoin Minetrix website to pre-sell BTCMTX here.
Also read:
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 100% APY
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