Injective: Why INJ’s latest surge is not enough for a rally

Quick Summary:

Despite price increase, it lacks a strong upward trend implying the recent surge is short lived.

INJ has surged by 3.68% in the last 24 hrs.

Firstly, increased demand resulted in the scarcity of INJ tokens following massive burns.“With rising protocol revenue across injective dApps, the burn auction has increased by an average of 9.64% every week over the past 3 months.

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Article Details

Author / Journalist: Gladys Makena

Category: Crypto

Markets: United States

Topics: Social News Trading View Altcoin News 1

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 09:30:01 (2 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 550 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 21408968

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 17 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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