INJ price surges as Injective hits 2 billion on-chain transactions

Injective (INJ) price surged as the network hit 2 billion on-chain transactions, a significant milestone as the blockchain sees notable growth. Decentralized finance, real-world assets tokenization and trading are increasingly driving growth for Injective, a scenario that sets up nicely for the INJ token. On May 26, the Injective team shared the march to 2 billion in on-chain transactions as trading volume spiked. According to CoinMarketCap, Injective recorded a 17% spike in 24-hour volume, with this racing to over $163 million. Injective price breaks above $14 A march to 2 billion on-chain transactions is a remarkable feat for Injective and the announcement sparked a bullish reaction from INJ holders. “Injective just reached 2 billion onchain transactions! Zero halts. Zero errors. Lightning fast speeds,” the Injective team posted on X . “This monumental milestone makes Injective one of the most actively used chains in the history of crypto.” INJ’s price rose from about $12.35 in early trading to spike to $14.50. At the time of writing, INJ traded around $14.46 and ranked among top gainers in the 100 largest coins by market cap. The coin’s 24-hour gains of over 4% sees weekly performance count a notable 22% spike. Volume has surged through the week, with Injective compared to spikes for top trading tokens like PancakeSwap, Virtuals Protocol and Uniswap. This growth reflects the on-chain activity, with real-world utility a factor in INJ price getting an upside momentum boost in recent weeks. INJ price outlook Currently, the INJ token is trading along an uptrend line, with bulls using it for support. Alex Clay, a crypto trader and technical analyst, has pointed to Injective on the weekly chart as signalling a potential breakout rally. The chart shows a sharp V-shaped recovery and price movement within a broadening descending wedge pattern. Alex Clay @cryptclay · Follow #Injective V-Recovery + Massive Descending Broadening Wedge👀 Looking for a Mid-Term Rally✈️ #INJ $INJ 5:31 pm · 26 May 2025 38 Reply Copy link Read 7 replies Notably, the price of Injective’s native token has benefited from bullish sentiment across the broader market. However, the various milestones the project has achieved in recent months has added to the positive outlook. Strong on-chain metrics, such as active user numbers and transactions, point to this aspect. A look at technical indicators signal a potential bullish continuation for INJ – both in the near term and long term. If INJ continues respecting an upward trajectory, it could surge to key price levels above $16. However, the buying spree may face robust resistance around this level. A breakout will bring $25 into the bulls’ playground. Meanwhile, bears can target $11.2 and then $8.75 if sentiment flips. The post INJ price surges as Injective hits 2 billion on-chain transactions appeared first on Invezz

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