Injective

Artificial Intelligence

Bitcoin

Notable

The revolutionary Artificial Intelligence (<a href="https://newslinker.co/category/ai/" data-wpel-link="exclude">AI</a>) focused finance, Injective (INJ), reached an important milestone today with its token price hitting an all-time high of $39.97. This also marked a significant surge. Amidst this fluctuation, INJ whales preferred to take profits, benefiting from a strong weekly gain of 64%. 
<h2 style="text-align: justify" id="correlation-dynamics-inj-and-bitcoin-s-sideways-movement">Correlation Dynamics: INJ and Bitcoin’s Sideways Movement</h2> 
While <a href="https://en.coin-turk.com/bitcoin-faces-fear-of-decline-as-analysts-weigh-in-on-price-movements/" data-wpel-link="internal">Bitcoin</a> was trading sideways last week, INJ displayed an impressive rise, showing an increase of 147% over the past month and 64% over the previous week. This rise occurred despite the profit-taking activities of large wallet addresses, highlighting INJ’s resilience and independent market dynamics. 
Despite a correction down to $39.44 from the peak, on-chain metrics for INJ remain optimistic and predict further potential price increases. Notable transactions, especially those valued over $100,000, showed an increase from December 4 to December 19. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-291180 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/metrik-inj-cointurk.png" alt="" width="3840" height="1300"> 
This is consistent with the Profit/Loss metric on the Network, indicating that INJ holders strategically benefited from token sales in December, contributing to the token’s strong performance. 
<h2 style="text-align: justify" id="exchange-dynamics-supply-trends-and-selling-pressure">Exchange Dynamics: Supply Trends and Selling Pressure</h2> 
When examining supply dynamics, it is observed that the presence of the token on exchanges increased between December 17-19. However, compared to the last six months, the supply remained relatively restricted. Despite a marginal increase in entries to exchanges, selling pressure is expected to remain stable, avoiding any significant increase. 
The network growth metric for Injective showed a notable rise, reflecting the upward trajectory of INJ price increases. This underlines a positive outlook for Injective and points to a potential for sustainable growth. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-291181 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/inj-fiyat-cointurk.png" alt="" width="3840" height="1300"> 
In conclusion, Injective’s recent peak of $39.97, an all-time high, reflects its resilience and market dominance. On-chain metrics marked by profit-focused transactions and favorable supply dynamics point to a solid foundation for sustainable growth. 
As network growth aligns with the bullish narrative, the altcoin INJ appears to be well-positioned for a consistent rise in the dynamic cryptocurrency environment. Continue Reading: <a href="https://en.coin-turk.com/injective-inj-hits-all-time-high-amidst-market-resilience/" data-wpel-link="internal">https://en.coin-turk.com/injective-inj-hits-all-time-high-amidst-market-resilience/</a>

Injective (INJ) Hits All-Time High Amidst Market Resilience

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