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Injective (INJ) Price Soars 10% Following Major Upbit Listing Announcement

Arslan ButtBy No Comments2 Mins Read

Highlights:

  • Price up 10%+
  • Could hit ATH if it breaks $24

Injective Price Spikes on Upbit Listing

Injective (INJ) is up 10%+ today and hit $23. Upbit, a major South Korean exchange, just listed INJ. Big vote of confidence given Upbit’s strict listing requirements. Now people are wondering if INJ will hit new highs.

Why Injective’s Price is Going Up

While the market is generally up, the main reason for INJ’s move today is the Upbit listing. Upbit will list INJ in KRW and USDT and trading will start at 18:15 on October 17, 2024. With added liquidity from this listing, more traders will come into the Injective market.

To stabilize the market during the first hour, Upbit has implemented some measures: 5 minute buy limit for the first 5 minutes and a sell limit below 10% of the previous day’s close. These measures are to maintain market stability and prevent excessive volatility in the first few hours of trading.

Will INJ Hit ATH?

INJ is at $23 right now and the recent high was $23.18. Crypto Tony thinks if INJ hits $24 it could go to new ATH and even above $52.75. INJ open interest is up 21% according to CoinGlass.

It could hit ATH soon.

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Arslan Butt is a seasoned live webinar speaker and derivatives analyst with expertise in cryptocurrencies, forex, commodities, and indices. With a strong background in both technical and fundamental analysis, Arslan helps traders—especially beginners—navigate financial data, assess market trends, and develop effective trading strategies. Arslan has extensive experience in the cryptocurrency and forex markets, focusing on price forecasting and market predictions. His previous role at a leading brokerage firm involved managing risk for forex and cryptocurrency trading clients, further refining his expertise in speculative positioning and risk management. Specializing in trading psychology, market sentiment, and price action analysis, Arslan has contributed to prominent platforms such as Cryptonews, ForexCrunch, InsideBitcoins, and EconomyWatch. His goal is to equip traders with the insights and tools they need to make well-informed investment decisions.

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