Injective (INJ) eyes 60% rally as EVM mainnet goes live
Main Idea
Injective (INJ) anticipates significant growth following the successful launch of its internal EVM mainnet, with technical analysis suggesting a potential 60% price surge to $41.
Key Points
1. Injective has successfully launched its internal EVM mainnet, enhancing interoperability with Ethereum and attracting Ethereum-compatible developers and applications.
2. The EVM mainnet is expected to boost Injective's developer community, user activity, and total-value locked (TVL).
3. Technical analyst Crypto Patel predicts a bullish breakout for INJ, with a potential 63% price increase to $41 if it closes above $16.20.
4. Injective has evolved from a decentralized exchange to a DeFi-AI giant, collaborating with Aethir to launch the first tokenized GPU platform.
5. Key price levels to watch include $26.36 and a support barrier at $12, with a breach of the latter invalidating the bullish pattern.
Description
Cryptocurrency enthusiasts remain on the edge while watching for altcoin season signs. Ethereum has started outperforming Bitcoin as it approaches the sought-after $4,000. Meanwhile, attention has shifted to large-cap, where Injective’s INJ looks ripe for a solid breakout after attaining a key technical milestone. The project has successfully launched its internal EVM, positioning itself to welcome a new wave of Ethereum-compatible developers and applications. Meanwhile, an analyst has spotted a...
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