CryptoMediaClub
Tuesday, July 8, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Altcoins

Injective (INJ) Records the Highest Spike in Daily Trading Volume

30.05.2023
A A
0
130
VIEWS
ShareShare

Injective (INJ)

  • INJ’s trading volume spiked 508% from $2.5M to $15.3M in 3 days.
  • Injective’s new protocol upgrade — Avalon — is expected to commence on June 1.

Cryptocurrency Injective (INJ) shoots up to the top, capturing investors’ attention with its three consecutive daily green candles laid this week. Significantly, INJ’s 24-hour price surge on Monday bolstered its spot on the top gainers’ charts.

Remarkably, the trading volumes of INJ highlight a positive landscape. In the past 3 days, Injective trading recorded astounding surges in volumes. On May 27, daily trading volume was at $2,520,236 and it rose to $15,342,611 on May 29 after surging by 508%.

In spot markets, INJ volumes observed a 671% surge — from $528K to $4.07M — and in derivatives markets, a 465% surge — from $1.9M to $11.2M. Just before the notable spike, the project initiated a weekly burn of 5,689,124 INJ. Furthermore, this Cosmos IBC-enabled blockchain has lined up a protocol upgrade, Avalon, for this week. Currently, it stands as a proposal with 99.74% approval.

The Avalon Mainnet Upgrade has been initiated to bring you the most powerful version of Injective to date.
The gov proposal is active and the upgrade scheduled to occur later this week.
🚀 L1 scalability optimizations
🚀 Sub-Second Block Times
🚀 PoS delegation revamp

— Injective 🥷 (@Injective_) May 28, 2023

To note, the Avalon upgrade will facilitate the revamp of the Injective Chain — from v1.10 to v1.11. Once the proposal is approved, the migration is likely to occur on June 1 at 14:00 UTC.

Injective Still in Bearish Zone

Injective (INJ) has been one of the top cryptocurrencies that hold maximum year-to-date (YTD) gains — 484%. INJ jumped from $1.27 at the start of 2023 to $9.8 in April and currently hovering between $7.5 and $8. Despite this, INJ is under the spell of the bears.

Injective Token Price Chart (Source: TradingView)

According to the above chart, the negative MA crossover — the 8-day moving average overtaking 5-day moving average — confirms the ongoing bearish trend. On the other hand, the parabolic SAR hovering below the current price action also points to its bearish state.

Recommended For You

Hottest Coins Based on Community Votes Revealed

Disclaimer: The views expressed in this article are for informational purposes only and do not necessarily reflect the opinions of TheNewsCrypto. The content provided should not be considered investment advice.

Share10Tweet6ShareSharePin2

Related Posts

Solana gains 80% in a month as Firedancer goes live on testnet
Altcoins

Solana gains 80% in a month as Firedancer goes live on testnet

02.11.2023
0

Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the...

Read moreDetails
Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

30.10.2023
Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

30.10.2023
Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

27.10.2023
FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

27.10.2023
Load More
Next Post
Top NFT Projects Witness Significant Investment Plunge

Top NFT Projects Witness Significant Investment Plunge

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Eric Trump-Backed American Bitcoin to Purchase BTC Mining Equipment, Raises $220M

Eric Trump-Backed American Bitcoin to Purchase BTC Mining Equipment, Raises $220M

7 days ago
Elon Musk Sparks Backlash Over X Algorithm Shift to Prioritize Academic Content material

Elon Musk Sparks Backlash Over X Algorithm Shift to Prioritize Academic Content material

6 months ago
Polymarket survives post-election drop-off though volume falls 60%

Polymarket survives post-election drop-off though volume falls 60%

8 months ago
FBI Warns of North Korean Cyberattacks on Crypto ETF Companies

FBI Warns of North Korean Cyberattacks on Crypto ETF Companies

10 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

Canaan’s Astounding 1,484 BTC Holdings: A Bitcoin Mining Powerhouse Emerges

Pepe Price Prediction: PEPE Explodes Out of Falling Wedge Pattern – $1 PEPE Next Target?

Coinsilium’s Strategic Bitcoin Accumulation: A Bold Move in Digital Assets

Fukuoka Financial Group to Develop Stablecoin and Web3 Wallet on Solana

Trending

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff
Analysis

Bitcoin remains stuck in $100k-$110k band as retail and whales enter potential standoff

08.07.2025
0

Bitcoin (BTC) continued to trade between $100,000 and $110,500 for a second consecutive week as smaller investors...

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

ChatGPT’s 42-Signal TON Analysis Flags Critical $2.70 Support Collapse After UAE Golden Visa Scandal

08.07.2025
Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

Pi Coin Price Prediction: Daily Volume Collapses Below $100M – Are Whales Dumping and Vanishing for Good?

07.07.2025
DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

DDC Enterprise’s Bold Bitcoin Move: Boosting Holdings to 368 BTC Signals Strategic Shift

07.07.2025
BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

BONK’s SOL Buying Spree Counters Pump.Fun $741M Sell-off – Can LetsBONK Trigger 70% Pump?

07.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz