Injective

Drops

Upbit, a leading cryptocurrency exchange, has officially announced that it will allow users to trade Injective (INJ) on the KRW (Korean Won) and USDT markets starting today at 18:15 IST.&nbsp; 
Given Upbit’s strict criteria for <a href="https://upbit.com/service_center/notice?id=4562" target="_blank" rel="noreferrer noopener">listing</a> new tokens, this decision is seen as a strong endorsement of Injective’s long-term value. 
When the news broke, the price of INJ reacted positively, rising more than 10%, and briefly passed the $23 mark, before the cryptocurrency $23.18 continued to form $22.96 at the time of recording. The Market capitalization stands at $2.10 billion and the 24-hour trading volume surged 108.69%, currently valued at $250.45 million. 
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 <img decoding="async" width="1005" height="473" src="https://www.cryptotimes.io/wp-content/uploads/2024/10/inj.png" alt="inj" class="wp-image-208255">
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 Source: <a href="https://coinmarketcap.com/currencies/injective/" target="_blank" rel="noreferrer noopener">Coinmarketcap</a>
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According to CoinGlass, Injective’s Open Interest increased 21%, highlighting the positive sentiment surrounding the token. 
Market analysts think this momentum is likely to continue, with the forecast that INJ could soon reach $24, potentially paving the way for another all-time high (ATH). With the help of Upbit, the liquidity has increased and new traders can be attracted, pushing prices up again in the coming days. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/10/16/reef-drops-64-in-24hr-after-650-surge-since-binance-delisting/" target="_blank" rel="noreferrer noopener">REEF Drops 64% in 24hr After 650% Surge Since Binance Delisting</a> 
</blockquote>

Upbit Listing Announcement Boosts INJ by Over 10% Today

The Crypto Times

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