Monday, 17 June 2024

Crypto News

Investors target Injective, ORDI gains ahead of Bitbot launch

Injective's EVM Layer 2 Targets Ethereum, Cosmos, Solana; AI Crypto Aiming to Surpass Injective Attracts Whales

  • Injective and ORDI soared in intraday trading today, leading the market as analysts predict the altseason is loading.
  • Bitbot has wrapped up its token sale just as crypto sentiment flips bullish.

Injective (INJ) and ORDI (ORDI) are among altcoins to see decent gains this week as market anticipation for an altseason rises. INJ and ORDI tokens could continue higher as investors aggressively position.

Meanwhile, crypto traders are poised as the market eyes new momentum for top altcoins, memecoins, RWA and artificial intelligence (AI) tokens among other key sectors. Also emerging as a target for traders is Bitbot (BITBOT), a new trading bot set to go live on Telegram.

Discover why investors who missed the project’s presale may jump in when tokens go live on crypto exchanges.  

Injective surges as investors bet for more gains

Injective, the interoperable Layer-1 blockchain for decentralized finance (DeFi), has had a cracking 24 hours.

Trading volume has skyrocketed more than 90%, while price broke to highs of $30.92. INJ currently trades above a key resistance line and further strengthening looks likely amid various bullish catalysts.

On June 6, the project’s team released a new tokenomics paper on the native token INJ, highlighting its utility.

The news bolstered INJ price before further announcements, including integration of Japanese gaming platform Gumi as validator and launch of Injective’s first yield-bearing synthetic dollar, triggered more buying.

Injective also shared more positive developments, notably around GameFi, staking and a crypto conference in Vietnam.

ORDI soars double-digits as memecoins ignite frenzy

ORDI continues to attract attention since its debut in the Bitcoin ecosystem when it launched as the first BRC-20 token on the Ordinals protocol.

On Friday, ORDI price surged more than 11% to cross above $50.

The daily chart suggests bulls may find immediate support above $60, a scenario that opens up the all-time high of $95. It could then target price discovery with a breakout above the psychological level of $100.  

Bitbot token readies for market launch

New Telegram-based trading app Bitbot just wrapped up a stellar presale that raised over $4.3 million.

Investors who participated in the presale could soon have the opportunity to trade and potentially reap big when the BITBOT token lists on major exchanges.

Click Here to Read the Full Original Article at CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison…