{"id":565488,"date":"2023-12-15T07:00:53","date_gmt":"2023-12-15T07:00:53","guid":{"rendered":"https:\/\/uniquehot.com\/?p=565488"},"modified":"2023-12-15T06:34:42","modified_gmt":"2023-12-15T06:34:42","slug":"record-breaking-heights-injective-inj-soars-over-70-amidst-ai-uptick","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/record-breaking-heights-injective-inj-soars-over-70-amidst-ai-uptick\/","title":{"rendered":"Record-Breaking Heights: Injective (INJ) Soars Over 70% Amidst AI Uptick"},"content":{"rendered":"

With the token touching $31.35 early on Friday, the injective (INJ) price formed a new all-time high,<\/a> suggesting that it has recovered all of its losses.<\/p>\n

In the cryptocurrency industry, altcoins are gaining traction because most of them have started to rise and are outperforming the leading cryptocurrency, Bitcoin.<\/p>\n

A couple of the stronger altcoins lately are Avalanche, Bonk, and Solana. INJ, an altcoin that has been making positive noise of late, has attracted a lot of interest as it managed to retain a steady momentum, to the delight of investors.<\/p>\n

Related Reading: SHIB Roars As Shibarium Hits 100 Million Transactions \u2013 Big Things Unfolding<\/a><\/div>\n

Injective Surges To All-Time Highs, Marking Impressive Weekly Growth<\/strong><\/h2>\n

One of the top AI-based digital currencies in the cryptocurrency market is INJ, since its horizon is accumulating positive sentiments on a global scale.<\/p>\n

\"\"INJ reaching a new ATH. Source: Coingecko<\/pre>\n
After breaking over the critical and last region of resistance at $26, its prior ATH, INJ moves into a price discovery mode. As of this writing, the token’s value has increased by over 70%<\/a> in the weekly timeframe, marking the third day in a row that it has increased.<\/p>\n
A blockchain specifically created for financial applications, the Injective protocol stands out in the ever-changing world of cryptocurrencies.<\/p>\n
INJ market cap currently at $2.655 billion. Chart: TradingView.com<\/a><\/pre>\n
With a focus on finance, Injective seeks to provide cutting-edge services and solutions by utilizing blockchain technology to improve the financial industry in a number of ways.<\/p>\n
Developed as a Layer 2 application on top of the Cosmos blockchain, the platform makes use of cross-chain bridges to enable cryptocurrency access from Ethereum and Polkadot.<\/p>\n
AI Excitement Propels INJ’s Meteoric Rise<\/strong><\/h2>\n
The substantial increases in the price of Injective seem to be attributable to the heightened enthusiasm surrounding artificial intelligence, especially with the release of ChatGPT-4 and the broader story surrounding AI advancement.<\/p>\n
Injective’s value rises in response to the market’s reaction to the rising prominence and potential influence of AI technologies as the tech community is abuzz with excitement about the newest developments in the sector.<\/p>\n
\"\"Source: Santiment<\/a><\/pre>\n
The spike is also consistent with recent market statistics that Santiment, a platform that streamlines on-chain monitoring, released. According to the data, the market capitalization of the INJ coin had a significant surge, rising by almost 250% since the middle of October.<\/p>\n
Related Reading: Solana Shows Its Mettle As SOL Barrels Past $70 \u2013 Details<\/a><\/div>\n
The data also shows which three wallets have the highest percentage of INJ accumulations<\/a>. At $2.18 billion, these stocks make up almost 80% of the entire INJ supply. The aforementioned accumulations contain over two-thirds of all tokens in circulation.<\/p>\n
The three biggest INJ wallets have added more over 7 million tokens to their holdings during the last three months, according to Santiment. It is unclear whether INJ price increases are long-term because large pocket investors are probably taking profits.<\/p>\n
Featured image from Shutterstock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
With the token touching $31.35 early on Friday, the injective (INJ) price formed a new all-time high, suggesting that it has recovered all of its losses. In the cryptocurrency industry, altcoins are gaining traction because most of them have started to rise and are outperforming the leading cryptocurrency, Bitcoin. A couple of the stronger altcoins lately are Avalanche, Bonk, and Solana. INJ, an altcoin that has been making positive noise of late, has attracted a lot of interest as it managed to retain a steady momentum, to the delight of investors. Related Reading: SHIB Roars As Shibarium Hits 100 Million Transactions \u2013 Big Things Unfolding Injective Surges To All-Time Highs, Marking Impressive Weekly Growth One of the top AI-based digital currencies in the cryptocurrency market is INJ, since its horizon is accumulating positive sentiments on a global scale. INJ reaching a new ATH. Source: Coingecko After breaking over the critical and last region of resistance at $26, its prior ATH, INJ moves into a price discovery mode. As of this writing, the token’s value has increased by over 70% in the weekly timeframe, marking the third day in a row that it has increased. A blockchain specifically created for financial applications, the Injective protocol stands out in the ever-changing world of cryptocurrencies. INJ market cap currently at $2.655 billion. Chart: TradingView.com With a focus on finance, Injective seeks to provide cutting-edge services and solutions by utilizing blockchain technology to improve the financial industry in a number of ways. Developed as a Layer 2 application on top of the Cosmos blockchain, the platform makes use of cross-chain bridges to enable cryptocurrency access from Ethereum and Polkadot. AI Excitement Propels INJ’s Meteoric Rise The substantial increases in the price of Injective seem to be attributable to the heightened enthusiasm surrounding artificial intelligence, especially with the release of ChatGPT-4 and the broader story surrounding AI advancement. Injective’s value rises in response to the market’s reaction to the rising prominence and potential influence of AI technologies as the tech community is abuzz with excitement about the newest developments in the sector. Source: Santiment The spike is also consistent with recent market statistics that Santiment, a platform that streamlines on-chain monitoring, released. According to the data, the market capitalization of the INJ coin had a significant surge, rising by almost 250% since the middle of October. Related Reading: Solana Shows Its Mettle As SOL Barrels Past $70 \u2013 Details The data also shows which three wallets have the highest percentage of INJ accumulations. At $2.18 billion, these stocks make up almost 80% of the entire INJ supply. The aforementioned accumulations contain over two-thirds of all tokens in circulation. The three biggest INJ wallets have added more over 7 million tokens to their holdings during the last three months, according to Santiment. It is unclear whether INJ price increases are long-term because large pocket investors are probably taking profits. Featured image from Shutterstock<\/p>\n","protected":false},"author":557,"featured_media":565500,"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":[6664,83630,88126,88112,90841],"class_list":["post-565488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-inj","tag-injective","tag-injective-inj","tag-injective-price"],"acf":[],"yoast_head":"\nRecord-Breaking: Injective Soars Over 70% Amidst AI Uptick<\/title>\n<meta name=\"description\" content=\"With the token touching $31.35 early on Friday, the injective (INJ) price formed a new all-time high, suggesting that it has recovered all of its losses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Record-Breaking Heights: Injective (INJ) Soars Over 70% Amidst AI Uptick","url":"http:\/\/uniquehot.com\/news\/record-breaking-heights-injective-inj-soars-over-70-amidst-ai-uptick\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/record-breaking-heights-injective-inj-soars-over-70-amidst-ai-uptick\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/a-100.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/a-100.png?fit=318%2C209"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","inj","injective","injective (inj)","injective price"],"dateCreated":"2023-12-15T07:00:53Z","datePublished":"2023-12-15T07:00:53Z","dateModified":"2023-12-15T07:00:53Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Record-Breaking Heights: Injective (INJ) Soars Over 70% Amidst AI Uptick\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/record-breaking-heights-injective-inj-soars-over-70-amidst-ai-uptick\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/record-breaking-heights-injective-inj-soars-over-70-amidst-ai-uptick\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/a-100.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/a-100.png?fit=318%2C209\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"inj\",\"injective\",\"injective (inj)\",\"injective price\"],\"dateCreated\":\"2023-12-15T07:00:53Z\",\"datePublished\":\"2023-12-15T07:00:53Z\",\"dateModified\":\"2023-12-15T07:00:53Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/a-100.png?fit=318%2C209","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/565488"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=565488"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/565488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/565500"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=565488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=565488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=565488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}