{"id":25485,"date":"2024-01-08T19:29:06","date_gmt":"2024-01-08T19:29:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/injective-inj-eyes-new-all-time-high-as-bitcoin-surges-to-46k\/"},"modified":"2024-01-08T19:29:06","modified_gmt":"2024-01-08T19:29:06","slug":"injective-inj-eyes-new-all-time-high-as-bitcoin-surges-to-46k","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/injective-inj-eyes-new-all-time-high-as-bitcoin-surges-to-46k\/","title":{"rendered":"Injective (INJ) eyes new all-time high as Bitcoin surges to $46k"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1702388943818-5bee70d2-717c-4050-a749-ef138815b6a7-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1702388943818-5bee70d2-717c-4050-a749-ef138815b6a7-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1702388943818-5bee70d2-717c-4050-a749-ef138815b6a7-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/1702388943818-5bee70d2-717c-4050-a749-ef138815b6a7-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Injective (INJ) price has surged 14% in the past 24 hours as bulls crossed above $40.\u00a0<\/li>\n<li>INJ is targeting a new all-time high above $44, with the gains coming amid a new upside for Bitcoin that saw BTC soar to $46k.<\/li>\n<\/ul>\n<p>An infusion of fresh impetus has seen the price of <a href=\"https:\/\/coinjournal.net\/injective\/\">Injective (INJ)<\/a> rise sharply. As most altcoins looked to spark into life after Bitcoin rose above $45k, Injective\u2019s native token was trading more than 14% up over the past 24 hours. Trading volume has jumped 61% in the same period to over $439 million.<\/p>\n<p dir=\"ltr\">Meanwhile, <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin price<\/a> was trading near the $46k level, up 4% in 24 hours. BTC reached highs of $46,165 on crypto exchange Bitstamp as <a href=\"https:\/\/coinjournal.net\/news\/btc-retests-45k-as-blackrock-vaneck-bitwise-file-low-etf-fees\/\">Bitcoin ETF sentiment ramped up<\/a>.<\/p>\n<h2 dir=\"ltr\"><a href=\"https:\/\/www.tradingview.com\/x\/whQe4mCf\/\" rel=\"noopener noreferrer\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2024\/00\/08\/1704738467902-3dcb103b-da50-4cab-b1c6-13d09bf49ade.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"254\"\/><\/a>INJ price soars ahead of major token unlock<\/h2>\n<p dir=\"ltr\">While the upside faces a hurdle near the all-time high of $44.57 reached on December 24, 2023, there\u2019s a potential impactful event set for the next few days.\u00a0<\/p>\n<p dir=\"ltr\">According to data shared by tokenomics insights platform Token Unlocks, Injective is headed for its final token unlock.<\/p>\n<p dir=\"ltr\">The notable event will activate on January 21, 2024, with 3.66 million INJ worth about $152 million (at current prices) unlocked. This will see Injective\u2019s total circulating supply bumped to the total supply of 100 million INJ. The unlocked coins will account for about 4.3% of the cryptocurrency\u2019s circulating supply.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 Final Cliff Unlocks Alert \ud83d\udea8<\/p>\n<p>Mark your calendars for January 21, 2024<a href=\"https:\/\/twitter.com\/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$INJ<\/a> will be fully unlocked (100%)<\/p>\n<p>Get ready for the massive cliff unlocks.<br \/>\ud83e\ude99 3.66 m tokens<br \/>\ud83d\udcb0 132.4 m dollars<br \/>\ud83c\udf00 4.35% of cir. supply<\/p>\n<p>Allocations:<br \/>\u2013 Advisors: $12.04 m<br \/>\u2013 Team: $120.37 m<a href=\"https:\/\/twitter.com\/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$INJ<\/a> was\u2026 <a href=\"https:\/\/t.co\/EYCyv4hsuC\">pic.twitter.com\/EYCyv4hsuC<\/a><\/p>\n<p>\u2014 Token Unlocks (@Token_Unlocks) <a href=\"https:\/\/twitter.com\/Token_Unlocks\/status\/1743868794744017211?ref_src=twsrc%5Etfw\">January 7, 2024<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">As the Injective ecosystem braces for the significant influx of tokens, traders are also likely to keep an eye on overall market sentiment. This is because there\u2019s a broader bullish outlook as the industry anticipates the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC).<\/p>\n<p dir=\"ltr\">Although price is likely to drop as the new supply injects downside pressure, INJ could benefit from a rallying market. Target price levels amid potential price discovery will include $100 in the short term. On the flipside, INJ could face a retest of primary support below $20.<\/p>\n<p dir=\"ltr\">At the time of writing, Injective changed hands around $42.21 \u2013 just over 5% off its ATH.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/injective-inj-eyes-new-all-time-high-as-bitcoin-surges-to-46k\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Injective (INJ) price has surged 14% in the past 24 hours as bulls crossed above $40.\u00a0 INJ is targeting a new all-time high above $44, with the gains coming amid a new upside for Bitcoin that saw BTC soar to $46k. An infusion [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25485"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25485"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25486"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}