Ondo

Mountain Protocol

Injective

Captain

Optimism

<ul> 
 <li>Injective integrates Mountain Protocol, introducing USDM stablecoin with a 5% annual yield.</li> 
 <li>Ondo Finance and Injective collaboration boost capital efficiency in Injective dApps.</li> 
</ul> 
In a tweet, analyst Captain Faibik stated that Injective (INJ) has had a Falling Wedge upward breakout and retest verified on the 3-day time frame chart. This pattern appears to be quite bullish for the midterms. Faibik wants to see the token reach a new high, above $65. 
Despite the recent fall in the crypto market, which followed the <a style="color: #008000;" href="https://www.crypto-news-flash.com/us-government-transfers-2-billion-in-bitcoin-from-silk-road-stash-65000-or-70000-btc-price-next/">US government’s large $2 billion BTC transfer</a>, Faibik has found some intriguing assets, such as Injective, that have the potential to rise. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$INJ</a> Falling Wedge upside Breakout and Retest Confirmed on the 3-day timeframe chart..<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 Looks extremely Bullish for the Midterm.<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/INJ?src=hash&amp;ref_src=twsrc%5Etfw">#INJ</a> <a href="https://twitter.com/hashtag/Injective?src=hash&amp;ref_src=twsrc%5Etfw">#Injective</a> <a href="https://t.co/8VO3SBdUvw">pic.twitter.com/8VO3SBdUvw</a> 
 — Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1817819306765500682?ref_src=twsrc%5Etfw">July 29, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="strong-inj-faces-short-term-decline-but-gains-long-term-optimism-with-usdm-integration-strong">INJ Faces Short-Term Decline but Gains Long-Term Optimism with USDM Integration&nbsp;</h2> 
INJ is currently trading around $24.49, down 3.03% over the last 24 hours and consolidating over the past week. Despite the unpredictability, Faibik remains optimistic. 
Previously, CNF <a style="color: #008000;" href="https://www.crypto-news-flash.com/injective-welcomes-usdm-yield-bearing-stablecoin-launches/">revealed</a> that Injective has integrated the Mountain Protocol and introduced USDM, a native yield-bearing stablecoin backed by Treasury bills. USDM provides a 5% annual income, enabling a variety of real-world asset use cases inside the Injective ecosystem. 
Furthermore, Ondo Finance has collaborated with Injective, offering the USDY token to improve capital efficiency in Injective dApps. As we previously <a style="color: #008000;" href="https://www.crypto-news-flash.com/ondo-finance-joins-injective-a-new-era-for-tokenized-assets/">reported</a>, Injective is expediting the use of tokenized assets by introducing the world’s first RWA module that supports FX, commodities, and more. 
This strategic move establishes Injective as a market leader in tokenization, with the goal of connecting traditional financial assets to the booming cryptocurrency sector. 
In addition to these relationships, Injective has been acknowledged for its revolutionary Layer-1 solutions, which promise to enable faster and more efficient blockchain transactions. 
Injective’s commitment to developing a more smooth and scalable blockchain infrastructure is a critical aspect that could fuel its long-term success.

Injective (INJ) Bullish Breakout Confirmed: New Highs Expected

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