Injective (INJ) price surged on Thursday as positive catalysts pushed it beyond recent resistance levels. The token reached an intraday high of $18.24, a growth of nearly 10%.
The price surge came as OKX added support for INJ on its spot markets and the community burned more than $65,000 worth of INJ. The burn accounts for 60% of all dApps fees. If the current momentum persists, the price could reach its all-time high of $24.89, which was achieved in April 2021. This is 28% away from current price of $18.06.
Injective’s price has risen 18% in the past week and 37% in the past month. Over the past year, the token has skyrocketed by 940%. Trading volume has increased by 56% in the past 24 hours to over $128 million.
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