The cryptocurrency market went into a bit of a break mode after its upward movement. Leading cryptocurrency Bitcoin is gathering strength to jump above $38,000 again. However, there are also those who made this leap in the red market with the positive news. An altcoin that entered the list of the leading cryptocurrency exchange OKX was one of them.
OKX added it to its list, the altcoin price started to rise!
As you follow on Kriptokoin.com, the market is gathering strength for a new move towards the weekend. However, cryptocurrencies are trading in a slightly red-tinged market for now. However, Injective (INJ) is on the rise following the recent burn auction and OKX listing. According to the exchange’s announcement, OKX added INJ to its list. Currently, trading operations are ongoing.
https://twitter.com/okx/status/1730166177484124447
Behind this news, Injective price reached its highest level of the day, $18.24. With this move, the altcoin increased by approximately 10%. However, the token later lost altitude, albeit slightly. INJ was trading at $17.95 at press time. Meanwhile, the gains were bolstered by the community burning more than $65K in INJ. INJ price is just 28% below its all-time high of $24.89 reached in April 2021.
INJ daily price chart. Source: CoinMarketCapInjective (INJ) price performance
The altcoin rose on Thursday as positive catalysts helped bulls break above recent resistance levels. INJ reached an intraday high of $18.24. It was also up almost double digits on the day as buyers pushed the all-time high of $20. The Injective team also reported that the community burned $65,000 worth of tokens (3,986.52 INJ). It announced that this was added to the weekly cremations, which have been taking place every Wednesday since the mai-net launch in 2021. Meanwhile, weekly burn accounts for 60% of all dApp fees.
With INJ listed for spot trading by crypto exchange OKX and today’s gains coming after the recent burn action, further upside could likely bring the $24.89 ATH reached in April 2021 into view. This price is just 28% off the $17.95 price at the time of writing. Injective has seen an increase of more than 18% in the past week. The altcoin increased by 37% last month. The token price has increased by 940% since reaching new lows a year ago.
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