Injective (INJ) Price Rally: Is Blackrock ETF Propelling It to $10?
As a leading DeFi protocol facilitating Crypto derivative trading markets, Is Blackrock ETF filing driving Injective (INJ) price?...
- Injective (INJ) price has surged by 48% since Blackrock filed a Bitcoin ETF application with the SEC on June 15.
- On-chain data suggests that long-term investors are increasing their bullish positions on INJ.
- The correlation between the INJ price uptrend and the Blackrock ETF application indicates that it may be a major driver behind the rally.
- Media buzz surrounding crypto derivatives has also contributed to the growing interest in INJ.
- The bullish momentum could potentially push INJ's price towards $10, but it will need to overcome resistance levels.
The article has a positive sentiment overall, highlighting the bullish momentum and growing confidence in INJ due to factors like the Blackrock ETF application and media buzz.