Why is Injective (INJ) Price Surging Today?
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Injective (INJ) surged about 30% in the early hours on Wednesday and has gained over 125% since the start of April after governance-backed proposals switched the protocol to native USDC. The native USDC enables cross-chain transfers across more than 20 blockchains, boosting DeFi adoption and token utility, and TradingView shows INJ has broken a key weekly bearish trendline, signaling a potential technical turnaround for the L1 DEX-focused protocol.
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- Injective (INJ) has surged more than 30% following a rare development in its ecosystem.
- A switch to native USDC, backed by governance proposals, is boosting Intective’s price.
- The switch opened the door for cross-chain USDC transfer across more than 20 blockchains.
Injective (INJ), the native crypto of the high-performance, layer-1 blockchain specifically designed for decentralized finance (DeFi) applications, surged 30% in the early hours on Wednesday. The latest rally is a continuation of an upward movement that has seen the cryptocurrency gain over 125% since the beginning of April.
TradingView’s data show that INJ has broken above a significant bearish trendline on the weekly chart, suggesting a potential turnaround in the cryptocurrency’s fortunes. In the meantime, crypto users are curious about the sudden change in narrative and the main reason for Wedn…
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$ 0.99955
0%
$ 5.35
-6.24%
$ 0.99925
+0.03%
$ 0.979
-4.48%
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In This News
Coins
$ 0.99955
0%$ 5.35
-6.24%$ 0.99925
+0.03%$ 0.979
-4.48%Predictions Markets
See what traders are focused on
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