{"id":536343,"date":"2023-06-03T10:45:14","date_gmt":"2023-06-03T10:45:14","guid":{"rendered":"https:\/\/uniquehot.com\/?p=536343"},"modified":"2024-06-11T14:37:15","modified_gmt":"2024-06-11T14:37:15","slug":"injective-protocol-inj-tallies-23-price-surge-in-past-7-days-heres-why","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/injective-protocol-inj-tallies-23-price-surge-in-past-7-days-heres-why\/","title":{"rendered":"Injective Protocol (INJ) Tallies 23% Price Surge In Past 7 Days &#8211; Here&#8217;s Why"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Injective Protocol, a prominent blockchain platform catering to decentralized applications (dApps), has recently gained significant attention due to the notable surge in the price of its native token, injective (INJ). Over the past week, the INJ token has experienced a remarkable growth rate of 23%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This surge reflects the growing market interest in the platform and underscores the utility and governance features associated with the INJ token. Serving as a dual-purpose instrument, the INJ token empowers users by offering them utility within the platform while granting them a say in shaping its future through governance mechanisms.\u00a0<\/span><\/p>\n<h2><strong>What\u2019s The Cause Of The Spike?<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">At the time of writing, the price of INJ stands at $7.83, experiencing a minor 0.9% decline within the day. However, over the course of the week, INJ has demonstrated a commendable increase of 23%. This surge in price is coupled with a circulating supply of $100 million, contributing to the platform&#8217;s liquidity and overall market dynamics. The positive market sentiment and a high <\/span><a href=\"https:\/\/coinmarketcap.com\/alexandria\/glossary\/total-value-locked-tvl\" rel=\"nofollow\"><span style=\"font-weight: 400\">Total Value Locked (TVL)<\/span><\/a><span style=\"font-weight: 400\"> have been identified as key factors driving the recent price boom for Injective (INJ).<\/span><\/p>\n<p><strong>Related Reading: <\/strong><a href=\"https:\/\/uniquehot.com\/news\/celsius-sets-new-standard-1-billion-in-eth-staked-as-deposits-show-no-sign-of-slowing\/?swcfpc=1\"><span style=\"font-weight: 400\">Celsius Sets New Standard: $1 Billion In ETH Staked As Deposits Show No Sign Of Slowing<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">Exciting developments lie ahead for Injective as it reveals its plans to revamp its proof-of-stake (PoS) delegation mechanism through the Avalon upgrade. This upgrade will introduce an advanced system, incorporating sub-second block times and layer-1 scalability optimizations. By leveraging the Avalon upgrade, Injective (INJ) aims to enhance transaction speed and efficiency, promising a more seamless user experience on the platform.<\/span><\/p>\n<figure id=\"attachment_536346\" aria-describedby=\"caption-attachment-536346\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-536346\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/06\/image1.png?resize=460%2C254\" alt=\"Injective protocol has experienced a price surge in the past week: source @tradingview\" width=\"460\" height=\"254\"><figcaption id=\"caption-attachment-536346\" class=\"wp-caption-text\">Injective protocol has experienced a price surge in the past week: source @<a href=\"http:\/\/tradingview.com\" rel=\"nofollow\">tradingview<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The impressive growth of Injective (INJ) and its commitment to innovation through the Avalon upgrade position the project as a notable player in the blockchain industry. With a positive market outlook and advancements on the horizon, Injective (INJ) continues to captivate investors and enthusiasts alike.<\/span><\/p>\n<h2><strong>What\u2019s Next For Injective (INJ)?<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Injective (INJ) is gearing up to revolutionize its decentralized exchange (DEX) by introducing the Avalon upgrade, which promises to deliver improved performance, scalability, and an enhanced user experience. This upgrade is expected to positively impact the price of Injective (INJ), according to analysts who suggest a potential bullish sentiment for the token.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With the <\/span><a href=\"https:\/\/www.binance.com\/en-NG\/feed\/post\/573291\" rel=\"nofollow\"><span style=\"font-weight: 400\">Avalon upgrade<\/span><\/a><span style=\"font-weight: 400\">, Injective (INJ) aims to elevate its DEX to new heights, offering faster and more efficient transactions. Implementing sub-second block times and layer-1 scalability optimizations is poised to attract more users to the platform and drive increased demand for the token.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><strong>Related Reading<\/strong>: <\/span><a href=\"https:\/\/uniquehot.com\/news\/floki-inu-gains-momentum-as-chinese-e-commerce-giant-recognizes-its-utility\/?swcfpc=1\"><span style=\"font-weight: 400\">Floki Inu Gains Momentum As Chinese E-Commerce Giant Recognizes Its Utility<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">The market outlook for Injective (INJ) appears promising, with analysts predicting a potential price increase. Speculations suggest that the price of INJ could reach $9.74 by the end of 2023, reflecting a bullish sentiment among investors and signaling confidence in the platform&#8217;s future growth.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As Injective (INJ) prepares to unlock the full potential of its decentralized exchange with the Avalon upgrade, traders and enthusiasts eagerly anticipate the enhanced performance and scalability it will bring. With positive market predictions, the future looks bright for Injective (INJ) as it aims to solidify its position as a leading player in the blockchain ecosystem.<\/span><\/p>\n<p><em>-Featured image from iStock.com and charts from TradingView.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Injective Protocol, a prominent blockchain platform catering to decentralized applications (dApps), has recently gained significant attention due to the notable surge in the price of its native token, injective (INJ). Over the past week, the INJ token has experienced a remarkable growth rate of 23%.\u00a0 This surge reflects the growing market interest in the platform and underscores the utility and governance features associated with the INJ token. Serving as a dual-purpose instrument, the INJ token empowers users by offering them utility within the platform while granting them a say in shaping its future through governance mechanisms.\u00a0 What\u2019s The Cause Of The Spike? At the time of writing, the price of INJ stands at $7.83, experiencing a minor 0.9% decline within the day. However, over the course of the week, INJ has demonstrated a commendable increase of 23%. This surge in price is coupled with a circulating supply of $100 million, contributing to the platform&#8217;s liquidity and overall market dynamics. The positive market sentiment and a high Total Value Locked (TVL) have been identified as key factors driving the recent price boom for Injective (INJ). Related Reading: Celsius Sets New Standard: $1 Billion In ETH Staked As Deposits Show No Sign Of Slowing Exciting developments lie ahead for Injective as it reveals its plans to revamp its proof-of-stake (PoS) delegation mechanism through the Avalon upgrade. This upgrade will introduce an advanced system, incorporating sub-second block times and layer-1 scalability optimizations. By leveraging the Avalon upgrade, Injective (INJ) aims to enhance transaction speed and efficiency, promising a more seamless user experience on the platform. The impressive growth of Injective (INJ) and its commitment to innovation through the Avalon upgrade position the project as a notable player in the blockchain industry. With a positive market outlook and advancements on the horizon, Injective (INJ) continues to captivate investors and enthusiasts alike. What\u2019s Next For Injective (INJ)? Injective (INJ) is gearing up to revolutionize its decentralized exchange (DEX) by introducing the Avalon upgrade, which promises to deliver improved performance, scalability, and an enhanced user experience. This upgrade is expected to positively impact the price of Injective (INJ), according to analysts who suggest a potential bullish sentiment for the token. With the Avalon upgrade, Injective (INJ) aims to elevate its DEX to new heights, offering faster and more efficient transactions. Implementing sub-second block times and layer-1 scalability optimizations is poised to attract more users to the platform and drive increased demand for the token. Related Reading: Floki Inu Gains Momentum As Chinese E-Commerce Giant Recognizes Its Utility The market outlook for Injective (INJ) appears promising, with analysts predicting a potential price increase. Speculations suggest that the price of INJ could reach $9.74 by the end of 2023, reflecting a bullish sentiment among investors and signaling confidence in the platform&#8217;s future growth. As Injective (INJ) prepares to unlock the full potential of its decentralized exchange with the Avalon upgrade, traders and enthusiasts eagerly anticipate the enhanced performance and scalability it will bring. With positive market predictions, the future looks bright for Injective (INJ) as it aims to solidify its position as a leading player in the blockchain ecosystem. -Featured image from iStock.com and charts from TradingView.com<\/p>\n","protected":false},"author":585,"featured_media":520189,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,88112,83629],"class_list":["post-536343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-injective-inj","tag-injective-protocol"],"acf":[],"yoast_head":"\n<title>Injective Protocol (INJ) Tallies 23% Price Surge In Past 7 Days - Here&#039;s Why<\/title>\n<meta name=\"description\" content=\"Injective Protocol, a prominent blockchain platform catering to decentralized applications (dApps), has recently gained significant attention due to the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/injective-protocol-inj-tallies-23-price-surge-in-past-7-days-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Injective Protocol (INJ) Tallies 23% Price Surge In Past 7 Days - Here&#039;s Why\" \/>\n<meta property=\"og:description\" content=\"Injective Protocol, a prominent blockchain platform catering to decentralized applications (dApps), has recently gained significant attention due to the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/injective-protocol-inj-tallies-23-price-surge-in-past-7-days-heres-why\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-03T10:45:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:37:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/bill-jelen-woWf_VJ7dNs-unsplash.jpg?fit=1920%2C1280\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Olowoporoku Adeniyi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@poker88idr\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Olowoporoku Adeniyi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/injective-protocol-inj-tallies-23-price-surge-in-past-7-days-heres-why\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/injective-protocol-inj-tallies-23-price-surge-in-past-7-days-heres-why\/\"},\"author\":{\"name\":\"Olowoporoku Adeniyi\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/93aec70f86b2c09e1f49aa6d5e999d14\"},\"headline\":\"Injective Protocol (INJ) Tallies 23% Price Surge In Past 7 Days &#8211; 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