Injective

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/injective-price-surges-following-upbit-listing/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Injective Price Surges Following Upbit Listing</a><br></p>
<p style="text-align: justify">Injective’s price rose by over 10% today, surpassing the $23 level quickly. While this increase is supported by a positive atmosphere in the overall <a href="https://en.coin-turk.com/bithumb-lists-new-altcoin-core/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/bitcoin-btc-current-status-what-do-the-latest-data-tell-us/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> market, the primary reason for the surge in INJ’s value was its listing on Upbit, one of South Korea’s leading exchanges.</p>
<h2 id="inj-begins-trading-on-upbit">INJ Begins Trading on Upbit</h2>
<p style="text-align: justify">Upbit announced it will support INJ trading in both KRW and <a href="https://en.coin-turk.com/tether-freezes-41-wallets-in-bold-compliance-move/" data-wpel-link="internal" rel="noopener noreferrer nofollow">USDT</a> markets. This flexibility offers various options for traders. Considering Upbit’s new token listing standards, this move demonstrates confidence in INJ’s long-term institutional value.</p>
<p style="text-align: justify">According to Upbit’s official announcement, INJ trading commenced on October 17, 2024, at 18:15. The listing is expected to contribute to increased liquidity and attract new investors to Injective, potentially paving the way for further price increases in the coming days.</p>
<h2 id="measures-taken-for-the-listing">Measures Taken for the Listing</h2>
<p style="text-align: justify">Upbit implemented temporary buy limits for the first five minutes and restrictions on sell orders below 10% of the previous day’s closing price. These measures aim to prevent market fluctuations at the start of trading.</p>
<p style="text-align: justify">Broad market trends indicate a rise in altcoins at the top. The “Uptober” atmosphere and the upcoming US elections are expected to further energize the crypto market. Bitcoin testing $68,000 recently also positively affects overall market sentiment.</p>
<p style="text-align: justify">According to CoinGlass data, there has been a 21% increase in open positions for Injective. This situation indicates a rising demand in the market, suggesting that INJ could potentially reach new heights.</p>
<p style="text-align: justify">In conclusion, Injective’s listing on Upbit and market dynamism positively impact INJ’s price. These developments provide promising signals about Injective’s future in the crypto market.</p>
<p>The post <a href="https://en.coin-turk.com/injective-price-surges-following-upbit-listing/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Injective Price Surges Following Upbit Listing</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Injective Price Surges Following Upbit Listing

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