Injective (INJ) surged over 12% in 24 hours, driven by its Community BuyBack program reducing token supply and its expanding role in the stablecoin market, including becoming the USDC standard for Cosmos and dYdX. The token's weekly rally reached nearly 35%, supported by strong network activity and rising buyer momentum. INJ recently broke out of a wedge pattern and reclaimed the $5 level, positioning it to challenge the $6 resistance. However, traders should watch for potential pullbacks near this key level.
Uniswap (UNI) surged 13.66% to $2.93, leading the top gainers in the crypto market driven by recent positive developments in decentralized finance (DeFi). Other notable gainers include Stellar (XLM), Injective (INJ), Zcash (ZEC), and Jupiter (JUP), e...
Injective launched its Vulcan mainnet upgrade on June 9, aiming to improve perpetuals, stablecoins, and tokenization features. Following the announcement, INJ's price dropped 2.01% on the day and fell further by 7.14%, reflecting a typical "sell the ...
