Due to its outstanding performance, Injective (INJ), a proof-of-stake layer-1 blockchain that is dubbed the fastest and defining the future of finance, has lately made news. According to CoinGecko, INJ has had the highest performance among the top 100 cryptocurrencies by market capitalization during the last seven days, rising almost 30%. Even if the surge has slowed down recently, INJ’s price is still up more than 100% month over month and more than 600% year over year. The cryptocurrency is the 67th biggest cryptocurrency in the world with a market valuation of over $720 million.
Before an announcement of a cooperation with Tencent’s Cloud business, the largest Chinese corporation by market capitalization and one of the biggest companies in the world, INJ’s stock recently increased. The two businesses are collaborating, according to the official Injective Twitter account, to “support builders in the Injective ecosystem” with the purpose of fostering the development of the Injective ecosystem, beginning with programmers in the Injective Global Virtual Hackathon.
Recently, Injective hit the 200 million mark, which is a really significant milestone. The cryptocurrency’s 14-Day Relative Strength Index (RSI), which has a value of 75, indicates that it is significantly overbought. This can have an immediate negative impact on pricing.
Despite the possibility for a very positive near-term future for INJ, investors should always be looking to diversify their crypto holdings. Participating in cryptocurrency presales is one high-risk, high-reward investment method that some investors may wish to think about. One such project that the staff at Cryptonews has determined to have extremely great potential is DeeLance (DLANCE). In order to connect corporations and freelancers, DeeLance is developing an immersive non-fungible token (NFT)-powered metaverse platform, which has been hailed by observers as revolutionary for the recruiting sector.
