In a spectacular display of resilience, Injective’s cryptocurrency, trading under the INJ/USD banner, surged by an impressive 4.88% within the last 24 hours, firmly positioning itself at the intriguing price point of $22.66. This remarkable ascent isn’t merely a flash in the pan; it’s a continuation of a robust upward trajectory, with the coin boasting an astounding 20.0% increase over the past week, ascending from a modest $18.77. To add to this narrative, the zenith of all-time trading has reached a hefty $52.62.
Behold the juxtaposition of price movements below: the left chart illustrates Injective’s dramatic oscillations and volatility within the past day, while the right provides a broader perspective of the weekly dynamics. The gray bands, known as Bollinger Bands, serve as a visual measure of volatility—wider bands denote heightened fluctuations and unpredictability.
Diving deeper into market activity, the trading volume for Injective has catapulted by a staggering 55.0% over the week. Furthermore, despite minor fluctuations, the circulating supply of this digital asset has held steady at over 97.73 million coins—an intriguing figure, reflecting the market’s growing appetite for INJ. Currently, it holds a respectable market cap ranking at #50, boasting a valuation of $2.21 billion.
