Injective (INJ) Price Rally: Is Blackrock ETF Propelling It to $10?

BeInCrypto
BeInCrypto

29 Jun 2023 3:30 PM

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.

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You May Ask

What has been driving the surge in INJ price?How are long-term investors responding to the Blackrock ETF application?What is the significance of the media buzz surrounding INJ?What is the potential price target for INJ and what are the obstacles it may face?

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