$36 On The Crosshair: Injective (INJ) Captures Analyst’s Attention
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Injective (INJ) has been attracting attention in the crypto world even after a recent decline. Priced at $20.45 and with a market cap of $1.91 billion, INJ has a trading volume of $375.74 million. Analyst Jonathan Carter suggests INJ could soon reach $36, provided it breaks certain technical levels and maintains above $16.5-$18. High staking rewards of 20% APY make INJ appealing, especially compared to Ethereum's 3.3% and Solana's 7%. Although INJ rose dramatically by over 1,000% in 2023, its 2024 performance has been less impressive, falling 62% since its March peak. Technical indicators show mixed signals, indicating the need for investor caution. Overall, while INJ offers high returns, its volatility makes it a risky investment.
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