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0.00014634 BTC
Market Cap (Rank#133)
10,683 BTC
Vol 24h
836.76 BTC
Circulating Supply
Max Supply
2 days ago cryptodaily
Ripple’s XRP Rockets 20% Overnight
XRP, Ripple XRPLedger’s native token, saw a substantial overnight run attempting to hit its bullish target of $0.50 but ultimately fell short, reaching a high of $0.49. XRP broke away from the general crypto market, recording massive gains and reaching its highest levels since November 2022. XRP, the native token of cross-border payment settlement firm Ripple’s XRPLedger, witnessed an incredible surge on Tuesday, breaking into a solo rally which yielded overnight gains of over 20%. XRP Rides the Wave of Fed Hikes and Banking Failures In response to the voluntary liquidation of Silvergate Bank and Silicon Valley Bank’s (SVB) collapse, crypto investors have become bullish on Bitcoin and altcoins. As one of the most prominent altcoins by market cap, XRP’s price surged on the back of the recent U.S. banking crisis and the anticipation of an interest rate hike by the U.S. Federal Reserve. The Fed’s consequent decision to inject liquidity into the economy and protect banks from collapse has been the catalyst to drive investors toward decentralization and cryptocurrencies. XRP is currently trading at $0.44, representing gains of over 20% in the past 24 hours and 16% on the weekly chart. Bullish Sentiment Surrounding SEC Case XRP has also responded to recent developments in its case involving the United States Securities and Exchange Commission (SEC). Analysts claim that investors have become more confident in the case’s outcome after a Letter Notice of Supplemental Authority was filed by the defendants in the case. Attorney James Filian revealed in a tweet on March 20 that the defendants in the case sought to support their fair notice defense by referencing a separate legal case where Judge Michael Wiles of the U.S. Bankruptcy Court for the Southern District of New York rejected the SEC’s argument, ruling that it was too vague. The SEC objected to Binance.US’s bid to acquire Voyager Digital’s assets which included an asset known as VGX. The agency claimed that Voyager was an unregistered securities exchange and VGX has “aspects of a security”, to which it gave no further explanation. Judge Wiles stated in his ruling: I reject the contention that the Court, and the Debtors, somehow were supposed to figure out for themselves just what ‘aspects’ of the VGX token might be considered to be aspects of a ‘security,’ or just what particular activities of Binance.US allegedly could raise registration issues, and then somehow to offer evidence and legal argument on those points. Ripple has continually asserted that the lack of clear guidance from the SEC regarding securities laws for digital assets has caused great confusion and uncertainty in the market and made it increasingly difficult for participants to understand how to comply with regulations. A lot hinges on the outcome of the lawsuit, which is expected to have a far-reaching impact on the entire crypto asset industry, which has been stuck in confusion amid the lack of regulatory clarity. Ripple CEO Brad Garlinghouse has also managed to settle investor’s concerns after it was revealed that Ripple Labs had “some exposure” to SVB. Garlinghouse assured investors that the company “remains in a strong financial position despite its exposure to the failed bank.” Obviously a lot is still unknown about what happens with SVB, and as is the case with many others, we hope to have more details soon – but rest assured, Ripple remains in a strong financial position. — Brad Garlinghouse (@bgarlinghouse) March 12, 2023 Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days ago cryptodaily
Florida Governor Wants To Ban CBDC
Ron DeSantis, the governor of Florida and a presidential hopeful, has proposed a new bill to oppose central bank digital currency (CBDC). DeSantis Against Surveillance Of Digital Dollar Florida Governor Ron DeSantis has stated that he wants to protect citizens from the surveillance and control of the federal government through a CBDC. Therefore he has proposed legislation to ban a national central bank digital currency. In accordance with the state’s Uniform Commercial Code, DeSantis has introduced new legislation that would prohibit the use of any CBDC issued by a foreign reserve or a foreign-sanctioned central bank. If the legislation goes through, it would also shield Florida residents from a global digital currency issued by a foreign central bank. In a March 20 press release, DeSantis said, “The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and contro. Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a ‘centralized digital dollar’ which will stifle innovation and promote government-sanctioned surveillance.” The Global CBDC Trend He has also addressed other states in the U.S. and appealed to them to adopt similar legislation by adding such prohibitions to their uniform commercial codes. The decision from DeSantis could be influenced by the recent announcement from the U.S. Federal Reserve about the upcoming launch of its FedNow payments system, which is being touted as the precursor to a programmable CBDC. With multiple countries, like Saudi Arabia, Japan, Russia, and England, and their central banks working on CBDC pilot programs, it could indicate the next direction for the Federal Reserve also to go that way. Support From Key Political Figures DeSantis’s reasoning is that a federally sanctioned CBDC would mean that government bureaucrats would get an advantage over consumer activity and be able to cut off consumers’ access to goods and services. As a result, it would make the currency a direct liability of the federal government and directly hamper the role of community banks and credit unions. The proposed legislation has received support from other key figures, like Florida State CFO Jimmy Patronis, who said, “A Central Bank Digital Currency is the cornerstone of a federal government that could track each and every transaction that happens in the world. There would be no privacy, and if there is no privacy, there are no rights.” Another person who has supported the bill and has stood against what he calls extreme government bureaucracy is the CEO of the Foundation for Government Accountability, Tarren Bragdon. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
7 days ago cointelegraph
Bitcoin price hits $27K in new 9-month high as Fed injects $300B
Bitcoin bulls attempt to break higher as Fed liquidity upends quantitative tightening in place since 2021.
8 days ago cryptopotato
Bitcoin Soars Above $26K on Fed’s $300B Injenction into US Banks (Market Watch)
STX is today's top performer, having surged by almost 20% to above $1.
8 days ago coindesk
Lightning Labs’ Taro Project Faces Halt as Judge Issues Temporary Injunction for Trademark Infringement
The decision in the case brought by fellow blockchain software developer Tari Labs raises questions about trademark enforcement in the open source community.
8 days ago cryptopotato
Big Banks Help Stabilize First Republic With $30 Billion Cash Injection
While deposit outflows at First Republic have somewhat stabilized, the bank has opted to suspend dividend payments to shareholders as it recovers.
12 days ago cryptopotato
Bitcoin Explodes 10% Daily on Positive SVB Developments, Binance $1B Injection: Market Watch
Binance is injecting $1B in BTC, BNB, and ETH. SVB depositors will be made whole. Bitcoin's price exploded.
14 days ago cryptodaily
KuCoin Sued By New York AG For Offering Unregistered Securities
Letitia James, the New York Attorney General, has filed a suit against cryptocurrency exchange KuCoin for violating securities laws. James claims that KuCoin sold tokens that classify as securites without registering with the AG’s office. The suit, according to the New York Attorney General, is the first time a regulator has claimed that Ether (ETH) is a security in the court. KuCoin Sued By New York Attorney General James filed the suit after she was able to purchase and sell crypto on the exchange, which is not registered in New York. TAccording to the Attorney General’s office, the action marks the first time that it has been claimed in court that ETH is a security. Securities and Exchange Commission (SEC) Chair Gary Gensler has hinted that the SEC may consider Ether as a security. However, the SEC’s sister regulatory agency, the Commodity Futures Trading Commission (CFTC), has repeatedly maintained its position that bitcoin and Ether qualify as commodity assets. The complaint against KuCoin was filed on the 9th of March in the Supreme Court of the State of New York County. The New York AG stated on Twitter, “I’m suing cryptocurrency platform @kucoincom for illegally operating in New York without registering with the state. This is our eighth action to rein in shadowy cryptocurrency platforms that disregard our laws and put New Yorkers at risk.” Alleged Violation Of Securities Laws The suit also alleges that KuCoin issued and sold its KuCoin Earn product, which the complaint calls a security, without registering as a dealer or securities broker. It also stated that KuCoin also misrepresented itself as an exchange because it did not register with the AG to perform that function. The action by the New York Attorney General’s Office is not KuCoin’s first brush with regulators. In 2022, authorities in South Korea accused the exchange of conducting “illegal business activities” without fulfilling proper registration processes. In December 2022, the Dutch Central Bank made similar allegations against KuCoin, claiming that the exchange operated without a proper license. Details Of The Suit The suit filed by the New York Attorney General states that under state and federal authority, ETH, LUNA, and UST qualify as commodities under the state’s Martin Act, and KuCoin failed to register as a commodities broker. The suit then stated that ETH, LUNA, UST, and KuCoin Earn are securities under Waldstein. This is a test established by the New York Supreme Court of Albany County in 1936, along with the Howey Test as well. The New York Attorney General’s Office stated, “The petition argues that ETH, just like LUNA and UST, is a speculative asset that relies on the efforts of third-party developers in order to provide profit to the holders of ETH. Because of that, KuCoin was required to register before selling ETH, LUNA, or UST.” The suit also cited the SEC vs. LBRY case to support its claim and sought a permanent injunction against KuCoin selling and buying securities and commodities to and from New Yorkers. Additionally, it also asked the court to demand details of those that have used the exchange and the disgorgement of any illegally obtained funds by New Yorkers. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
18 days ago cryptodaily
SEC Initiates Emergency Action Against BKCoin For Fraud Scheme
The Securities and Exchange Commission has initiated an emergency action against investment advisor BKCoin Management in connection with a crypto fraud scheme worth $100 million. According to the SEC, the investment advisor allegedly commingled customer funds, using millions to make Ponzi-like payments. Another SEC Crackdown In yet another crackdown, the Securities and Exchange Commission (SEC) announced that it was filing an emergency action against investment adviser BKCoin Management. According to the SEC, the action was initiated in connection with a $100 million crypto fraud scheme, specifically naming co-founder Kevin Kang. The agency also stated that they had frozen the adviser’s assets, alleging that the Miami-based BKCoin Management raised $100 million from 55 investors to plug it into cryptocurrency. However, instead of utilizing the funds where they were supposed to, the company used them to purchase expensive items and make “Ponzi-type payments.” In a press release, the SEC stated, “The Securities and Exchange Commission today announced that it filed an emergency action in which it successfully obtained an asset freeze, appointment of a receiver, and other emergency relief against Miami-based investment adviser BKCoin Management LLC and one of its principals, Kevin Kang, in connection with a crypto asset fraud scheme.” Assets Frozen The SEC also alleged that one of BKCoin Management’s principals, Kevin Kang, misappropriated funds to the tune of $371,000, all of which was investor money, using it to pay for expensive holidays, an apartment, and falsified documents. Eric I. Bustillo, the director at the SEC’s Miami Regional Office, stated that the defendants, through their actions, misappropriated funds, created false documents, and engaged in Ponzi-like behavior. The announcement stated, “As we allege, investors entrusted their money to the defendants to trade in crypto assets. Instead, the defendants misappropriated their money, created false documents, and even engaged in Ponzi-like conduct. This action highlights our continued commitment to protecting investors and uprooting fraud in all securities sectors, including the crypto asset arena.” The Securities and Exchange Commission also stated that it had already initiated the freezing of assets and obtained other emergency relief against MKCoin Management. The commission is now hopeful of getting permanent injunctions against BKCoin and Kang. It is also seeking disgorgement, prejudgement interest, and a civil penalty from the defendants. It is also looking to obtain an officer and director bar and a conduct-based injunction against Kang. According to the SEC statement, “The complaint names as relief defendants and seeks disgorgement from each of the funds and Bison Digital LLC, an entity that allegedly received approximately $12 million from BKCoin and the funds. The court also granted emergency relief against the relief defendants, which the SEC sought, including the appointment of a receiver.” A Tough Stance The Securities and Exchange Commission has, in recent years, taken a tough stand when it comes to the crypto space. The commission had, in 2018, begun targeting ICOs, a type of fundraising in crypto, and token sales, calling them unregistered securities sales. Under Chair Gary Gensler, the SEC has taken an even more aggressive approach, intensifying its crackdown against crypto. According to Gensler, every coin and token apart from Bitcoin is an unregistered security. As a result, several high-profile companies have found themselves on the SEC radar. In January, Genesis and Gemini were both hit with several charges in connection with offering unregistered securities. Just earlier this month, Kraken was fined $30 million for violating securities laws. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
18 days ago coindesk
Alameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees
The bankrupt trading firm is seeking injunctive relief to allow FTX debtors to realize what it claims is more than $250 million in asset value.
21 day ago cryptodaily
DigiFT DEX Raises $10.5M in Pre-Series A Funding Led by Shanda Group
Singapore, Singapore, 3rd March, 2023, ChainwireDigiFT, a Singapore-based decentralized exchange (DEX) for asset-backed tokens (STO), has completed a Pre-Series A funding round, securing US$10.5 million. The investment round was led by Shanda Group, a global privately-owned investment group founded by Chinese online entertainment pioneer Tianqiao Chen and family in 1999. Shanda Group’s business is segmented into four units: Private Equity (Venture Capital) Investments, Public Market Investments, Real Estate, and Natural Resources. Other investors included HashKey Capital, a multi-stage global venture capital firm investing in visionary blockchain founders; Hash Global, a Web3 venture capital firm with offices in Singapore and Shanghai; Xin Enterprise Pte. Ltd., a Singapore investment firm wholly owned by Liang Xinjun, co-founder of Fosun Group; and North Beta Capital, an eco-building firm in the digital technology industry. DigiFT was founded in 2020 by Henry Zhang, formerly Greater China CEO of East West Bank, deputy China CEO of Citibank and Standard Chartered Bank, and is helmed by a leadership team with extensive experience in financial institutions and fintechs. With a vision to bridge the gap between centralized and decentralized finance, DigiFT is the first and only DEX enrolled in the Monetary Authority of Singapore (MAS) FinTech Regulatory Sandbox. It aims to provide regulated decentralized finance solutions on the Ethereum public blockchain via an Automatic Market Making (AMM) mechanism that facilitates secondary trading liquidity for security tokens backed by financial assets such as bonds and equities. Asset owners can issue blockchain-based security tokens efficiently and cost-effectively. Investors are also able to trade with continuous liquidity via the AMM mechanism and retain control over digital assets in their own wallets. Funds from the Pre-Series A round will be used to support license applications in Asia, the Middle East and Europe, go-to-market plans, technology development and to expand the company’s innovation capabilities. Henry Zhang, founder and CEO of DigiFT, said: “We are encouraged by investors’ confidence in our vision to become a regulated DeFi exchange. The industry has been through a tough time in the past year. This fundraise is a testament that this industry has huge potential if the gap between traditional finance and Web3 can be bridged.” “It gives us the arsenal to transform the industry and we are excited to see where the journey takes us. As a key international financial hub, Singapore boasts a robust legal framework and government support for tokenization with blockchain technology. We look forward to further working with regulatory bodies to steer our industry in the right direction.” Tianqiao Chen, founder, Chairman and CEO of Shanda Group, said: “DigiFT’s appeal is their leadership team’s ability to understand the gaps within the DeFi industry, and how they’ve effectively combined their extensive backgrounds in traditional financial institutions with a deep knowledge of Web3 financial services. They convinced us that they will not only be market leaders, but the market standard for the DeFi industry.” Plans for new hires are in the pipeline with the injection of the fresh funds to support the growth of the exchange. DigiFT will look to bring on board experienced hires that understand traditional finance as well as Web3 experts. These talents can be based either in Singapore or in regions that DigiFT is looking to expand into. For more information or media enquiries, please contact: DigiFT Evelyn Xiong Email: [email protected] SPRG Pooja Shah Email: [email protected] Hp: +65 8889 1321 Deborah Dayani Nanayakara Email: [email protected] Hp: +65 9758 4071 About DigiFT DigiFT, founded in 2020, is a decentralized digital asset exchange (DEX) for asset-backed tokens (STO). DigiFT is the first and only decentralized digital asset exchange enrolled in the Monetary Authority of Singapore (“MAS”) FinTech Regulatory Sandbox. It aims to provide regulated decentralized finance solutions on the Ethereum public blockchain offering an Automatic Market Making (AMM) mechanism that facilitates secondary trading liquidity for security tokens backed by financial assets. ContactMarketing ManagerEvelyn XiongDigiFT Tech (Singapore) Pte [email protected]
23 days ago cryptodaily
Japanese popular manga Captain Tsubasa NFT sale starts on March 2, 2023
Florida, USA, 2nd March, 2023, Chainwiredouble has partnered with TSUBASA Co., Ltd. to launch an NFT project based on the popular Japanese manga "Captain Tsubasa." The project, called Ball is our Friend Project, will be available for purchase starting March 2, 2023. The project has received global attention since it was announced on February 7, 2023, and has been featured in over 1,000 media outlets in North America, Europe, China, South America, and beyond. Shinji Kagawa, one of the greatest Japanese professional soccer players, supports this project as an ambassador. Inspired by Captain Tsubasa’s "Football World Peace Declaration" quote, the Tsubasa NFT merges the digital and physical worlds, bringing fans together. The first edition of the NFT will feature limited physical soccer balls decorated with original illustrations by the Captain Tsubasa creator, Yoichi Takahashi, given to children in 12 countries and buyers. The Tsubasa NFT combines legendary scenes and unique parameters, including 283 iconic scenes from the manga on a centerpiece soccer ball. The background features 333 special moves, randomly combined to create one-of-a-kind NFT art. The NFT will be available for purchase in two stages: a limited presale from March 2, 2023, at 2 AM to 4 AM PST, during which Allow List holders can purchase a limited gold edition Tsubasa NFT for 0.08 ETH, and a public sale from March 2, 2023, at 4 AM to March 14, 2023, at 7 PM PST, during which anyone can purchase the NFT at 0.1 ETH from the official website. Each Tsubasa NFTs can be converted into soulbound tokens (SBTs), which can be redeemed for original goods, including a real soccer ball designed by Yoichi Takahashi. Additionally, buyers who purchase three NFTs at the same time will receive an extra NFT as a bonus. For more information visit: Official Site | Twitter | Project Movie About double, Inc. Founded in 2018, double is the leading startup in Japan that specializes in NFT solutions and developing blockchain games, such as “My Crypto Heroes” and “Brave Frontier Heroes.” double has partnered with some of the largest gaming companies including Square Enix, Bandai Namco, and SEGA CORPORATION, as well as LINE and bitFlyer Holdings. In 2022, the company launched 2XJ "WEB3 Tech Studio", which specializes in WEB3 projects such as blockchain games and NFTs, and aims to create exciting new projects with the power of WEB3 technology in collaboration with world-renowned IP brands. The studio will focus on developing yet-to-be-seen, exciting projects using cutting-edge technology.ContactCaleb HarperOtter Public [email protected](720) 936-4480
25 days ago cryptodaily
Metacade presale stage 5 selling out as strategic partnership with MEXC is confirmed
London, England, 28th February, 2023, ChainwireMetacade, a community-led GameFi project, has gained significant momentum in its presale following the recent announcement of its strategic partnership with leading exchange MEXC. Only 3 presale stages remain before the MCADE token is sold out and officially listed on exchanges. Stage 5 of the GameFi arcade’s presale is currently priced at $0.0155, with stage 6 increasing to $0.017 - a 9.67% rise on the previous round. Once the presale is sold out, MCADE will be released on multiple crypto exchanges, including leading cryptocurrency exchanges Bitmart, as well as the popular DeFi exchange Uniswap. Merging both crypto and gaming, the Metacade arcade is set to revolutionize the gaming industry in a way that rewards gamers for their gaming efforts and unites the burgeoning GameFi community in a meaningful and innovative way. Built on the Ethereum blockchain, Metacade will be the go-to place for Web3 gamers for everything GameFi. The platform will host a stellar range of games, leaderboards, forums, live chats, and much more to truly keep the gaming community engaged. Russell Bennett, who was recently voted into the CEO role by the community at Metacade, said: “As momentum builds and awareness spreads about the project, we’re seeing both large and small investors taking advantage of the MCADE token presale. It’s incredible to see such a huge number of GameFi enthusiasts getting involved and we can’t wait to shake up the gaming industry and deliver a disruptive product.” The MCADE token is a crucial component of the Metacade ecosystem, powering all transactions that take place on the platform. Gamers will be rewarded in crypto for their gaming efforts and valuable contributions to the platform such as writing GameFi reviews, participating in tournaments, and sharing knowledge with fellow gamers. Token holders will also be able to increase their crypto holdings by staking MCADE on the platform. The Metacade team values the importance of supporting the community and will be launching a jobs board to help gamers find top jobs at Web3 companies. In addition, Metacade will launch Metagrants, an attractive initiative aimed at game developers that allows them to submit gaming proposals to the Metacade community in order to obtain funding to build their games on Metacade. With the stamp of approval from the prestigious blockchain auditing firm Certik, development of the Metacade platform is well underway. The auditor thoroughly analyzed and evaluated every aspect of Metacade’s specifications and code, as well as confirmed the authenticity of the Metacade team by performing a full KYC. Certik approval places Metacade among other vetted projects including Polygon, Aave, and Decentraland, and looks to provide investors with a high degree of transparency and trust in the P2E project. About Metacade Metacade is the premier destination for gaming in the metaverse and Web3's first community arcade that allows gamers to hang out, share gaming knowledge and play exclusive P2E games. The platform offers users multiple ways to get involved, build careers in Web3, and connect with the wider gaming community. Leading cryptocurrency website CoinJournal has called Metacade : "A groundbreaking plan to deliver an incredible set of features, putting Metacade in pole position to establish itself at the core of the GameFi arena." Metacade will be the one-stop destination for users to play, earn, and network with other passionate gamers worldwide. Once the project reaches the end of its roadmap, Metacade will be handed over to the community as a full-fledged DAO. Metacade and ‘Metacaders’ as they’ve become known are on a clear mission to shape the GameFi world of tomorrow. For more information: Website | Whitepaper | Socials ContactCEORussell [email protected]
31 day ago cryptodaily
Bitcoin tracks sideways at resistance
Six days into Bitcoin pushing against the all-important $25,000 resistance, and nothing is giving yet. Three likely scenarios The scenarios are pretty clear. Bitcoin probably does one of three things. The first 2 bull cases are that bitcoin breaks through the resistance in the next few days. The other is that bitcoin trends sideways in a range for an indefinite period before piercing through, and the final bear scenario is that the price breaks down and bitcoin falls precipitously down to below $20,000. Probably for many analysts the bear scenario is the most popular, and actually, this wouldn’t be a bad thing long term for bitcoin either. It would perhaps enable a retest of the base and provide the building of much better price structure going forward. Bitcoin a good longer term risk Many indicators are suggesting that the bitcoin bottom is in, and even if it isn’t, there really must be far more upside compared with downside to come going into the bitcoin halving event. For today, so far at least, bitcoin has taken a slight leg down. However, the price is holding at around $24,600 which has become one of the levels of support for bitcoin’s assault on $25,000. China effect on crypto 1% down isn’t too much in the grand scheme of things although it has also had its effect on the rest of the crypto market, which has generally fallen a little further with the exception of some of the Chinese cryptos. China recently injected the equivalent of over $72 billion into its economy in order to give it a boost following the ending of Covid restrictions. Some of this extra cash found its way into the crypto market and helped bolster the overall market cap. More liquidity globally than in the US In fact, given that crypto is a truly global market that is available 24/7, the Federal Reserve and its ongoing monetary tightening regime is probably very much diluted by the opposite effect of other nations like China that are stimulating their economies. As the Fed continues to ratchet up interest rates in an endeavour to stop spending, and to get a hold on inflation, other economies around the world have got to the point where they need to do the opposite. It can certainly be argued that China and Asia can have a bigger impact on crypto than the US. Therefore, this needs to be just one more element that should be taken into account when analysing whether crypto will continue upwards or whether it will suffer a rejection. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
32 days ago coindesk
First Mover Asia: Bitcoin Edges Toward $25K During Slow Economic Day
PLUS: Organizers of last year’s trucker-themed "Freedom Convoy" openly flaunted a court-ordered Mareva injunction used to freeze fundraised crypto. A Canadian judge said cryptocurrencies required more study, but declined to suggest stronger rules for the country.
32 days ago cryptodaily
Bitcoin attacks huge resistance
Bitcoin is facing fortress resistance made up of the 200 weekly MA and the last high reached in August 2022. Will this week be the showdown, as bitcoin attempts to break through its most important resistance and decisively announce that the long awaited bull market is well and truly here? The siege is initiated Last Thursday saw the start of the siege that bitcoin is now initiating against the $25,300 last big resistance. That was the first knock on the door. Friday and Saturday also saw bitcoin approaches, but then on Sunday it knocked on that door once again with another touch point. Monday has dawned, and bitcoin is once again approaching the all-important level with a battering ram. In technical analysis, the more times a level is attacked, the weaker it becomes before finally being breached. Of course, it could well be that the attacks become weaker and bitcoin is eventually rejected, falling back down to regain itself at perhaps much lower levels. $25,000 break imminent? However, it does look like this is going to be an extremely serious attempt by the bitcoin bulls to pierce the level and take hold above. With a good few daily candles above the level, bitcoin would be likely to rapidly climb to $28,000 and above due to almost no further resistance. Each time bitcoin rises to attack the level and is rejected, it is now dropping down to a support level of $24,000 which now has five touch points including today’s. Another even higher level which is taking form as resistance/support is at $24,850. China adds to the impetus So what has given the crypto market this new impetus? China could be the number one player in this respect. The Chinese central bank injected CNY 500 billion of quantitative easing into its markets just recently in order to boost liquidity. For this reason many of the Chinese-based cryptocurrencies have been running, and there has been a positive boost for bitcoin and the rest of the crypto market. Dry powder waiting on the sidelines With the stock market entering recession either this or next year there is not going to be too much in respect to upside for investors in this area. Therefore they will look elsewhere for value. Where better than an emerging new asset class that has possibly already seen a bottom. If bitcoin does break through $25,000 this week or at least in the near future perhaps a heap of money sitting on the sidelines, ready for such an occurrence, could be deployed. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
34 days ago cryptodaily
NFT Collection Ninja Squad Official Price, Stats, and Review
What is an Ninja Squad Official? Ninja Squad Official are a non-fungible tokens collection built on the Ethereum network launched in 19 November, 2021. 8,887 items of the Ninja Squad Official collection can now be viewed at OpenSea. How many owners does the Ninja Squad Official collection have? The total number of owners has reached 3326 within 455 days since its release. NFT Collection Ninja Squad Official Price and Sales The market capitalization of Ninja Squad Official NFT collection is 1,889.27 ETH. Since created the Ninja Squad Official, 12,521 collections sales were made at an average price of 0.22 ETH (~$373.66 at the time of writing). This created a total volume in 2,740.907 ETH. The floor price of Ninja Squad Official is 0.225977 and the 30-day trading volume is kept at 131.07 ETH. The payment tokens of the Ninja Squad Official collection are ETH, WETH, APE. Why are some NFTs expensive and others not? NFTs are very new to the blockchain ecosystem and are still in their infancy. It is an emerging market meaning there is no historical data or precedence that can assist in determining the value of an NFT. NFT projects that started at the beginning of the market boom have garnered legitimacy purely because they had a first-mover advantage. These “established” NFT projects have also had the opportunity to improve and learn from the issues that have plagued the NFT market and have, in such a way, made themselves more valuable. When the NFT boom took flight, many people realized profits beyond their wildest dreams, creating a space for opportunists to take advantage of the market growth. While some NFTs can be considered digital art, created by an artist who recognizes the value NFTs can add to the creative space, others have been made purely out of greed and a need to exploit the immense market growth. NFT projects that stem from greed and exploitation often have no value and are ultimately garbage. Is the Ninja Squad Official Collection Over or Underpriced? It is difficult to determine whether NFTs from the Ninja Squad Official collection is overpriced or underpriced. Making such an assessment will become clearer when the market for NFTs and metaverses develops more actively. The price is also influenced by how the Ninja Squad Official collection is developed and promoted by its creators and community. Ninja Squad Official NFT Collection Examples Ninja CryptoKemal Ninja Peker Ninja #4 Ninja #5 Ninja Squad Official fees Buyer fee to dev: 0 basis points Seller fee to dev: 650 basis points Buyer fee to 0 basis points Seller fee to 250 basis points Buyer fee: 0 basis points Seller fee: 900 basis points Ninja Squad Official editors list The approved editor's accounts of Ninja Squad Official collection are 0xab910585a6daceea4eabb587e6aaefc888dd9716. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
35 days ago coindesk
Unlike Merge, Ethereum's Shanghai Upgrade Could Bring Ether Price Volatility
The Merge turned out to be a non-event for the market, with ether's realized volatility dwindling in four weeks after the event. The impending Shanghai upgrade, however, might inject volatility into the market, one liquidity provider said.
36 days ago cryptopotato
Why Bitcoin? Nigeria Faces Violent Protests Amid Cash Scarcity
The cash shortage in Nigeria has led to violent protests, leaving countless citizens injured and a few dead.
37 days ago cointelegraph
Angel investors vs. venture capitalists
Angel investors are seed-stage financiers who offer mentorship to nascent businesses for equity, while venture capitalists inject substantial capital into later-stage firms.
43 days ago cryptopotato
Crypto Donate! MEXC Support Turkey Earthquake With 1 Million Worth Lira
[PRESS RELEASE – Please Read Disclaimer] The 7.8 magnitude quake in Turkey on February 6th caused devastating damage. MEXC responded quickly to support turkey’s disaster relief efforts. MEXC, the fastest-growing crypto exchange in Turkey, has teamed up with its local staff to support the people who have been injured, providing temporary meals for first responders […]
52 days ago cryptopotato
Judge Clarifies That Security Injunction in LBRY v. SEC Case Was Only for Direct Sale
Attorney John Deaton played a major role in the appeal hearing, making the judge see that the token's secondary market transactions are not securities.
52 days ago cointelegraph
SEC settles on security claim in LBRY case, community calls it a big win for crypto
SEC was hoping to seek affirmation on an ambiguous injunction after scoring a victory during a hearing in November last year, but judges made it clear that the judgment was only for the direct sale.
54 days ago cryptopotato
8 Years in Prison for a Doctor Paying $60K in BTC to Dark Web Hitmen
Doctor Ilg will stay behind bars for 96 months for transferring over $60,000 in BTC to hitmen to injure victims.

About Injective?

The live price of Injective (INJ) today is 4.0157 USD, and with the current circulating supply of Injective at 73,005,554.33 INJ, its market capitalization stands at 293,165,151 USD. In the last 24 hours INJ price has moved -0.0602 USD or -0.01% while 29,406,994 USD worth of INJ has been traded on various exchanges. The current valuation of INJ puts it at #133 in cryptocurrency rankings based on market capitalization.

Learn more about the Injective blockchain network and how it works or follow the price of its native cryptocurrency INJ and the broader market with our unique COIN360 cryptocurrency heatmap.

Injective Price4.0157 USD
Market Rank#133
Market Cap293,165,151 USD
24h Volume22,962,122 USD
Circulating Supply73,005,554.33 INJ
Max Supply100,000,000 INJ
Yesterday's Market Cap302,697,956.28 USD
Yesterday's Open / Close4.2064 USD / 4.1462 USD
Yesterday's High / Low4.4698 USD / 4.0609 USD
Yesterday's Change
-0.01% ( 0.0602 USD )
Yesterday's Volume29,406,993.56 USD
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