Crypto
INJ Price Soars as LI.FI Integration Fuels Bullish Sentiment
Injective's INJ token is poised for a potential breakout to $100 as its integration with LI.FI strengthens its bullish outlook.
The current price of INJ is trading at $4.93, with a 24-hour trading volume of $28.25 million and a market capitalization of $491.57 million.
According to Crypto Patel, the INJ price is heading towards a critical technical point after its five-year downtrend line was challenged due to two sharp corrections in excess of 95%.
The integration with LI.FI has enhanced Injective's multichain structure, making it possible for users to swap, transfer, and deposit INJ and USDC tokens on the protocol's blockchain and the Ethereum Virtual Machine (EVM)-compatible network.