Why is Injective (INJ) Price Surging Today?
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- Injective (INJ) has surged more than 30% following a rare development in its ecosystem.
- A switch to native USDC, backed by governance proposals, is boosting Intective’s price.
- The switch opened the door for cross-chain USDC transfer across more than 20 blockchains.
Injective (INJ), the native crypto of the high-performance, layer-1 blockchain specifically designed for decentralized finance (DeFi) applications, surged 30% in the early hours on Wednesday. The latest rally is a continuation of an upward movement that has seen the cryptocurrency gain over 125% since the beginning of April.
TradingView’s data show that INJ has broken above a significant bearish trendline on the weekly chart, suggesting a potential turnaround in the cryptocurrency’s fortunes. In the meantime, crypto users are curious about the sudden change in narrative and the main reason for Wedn…
Read The Full Article Why is Injective (INJ) Price Surging Today? On Coin Edition.
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