Injective Crypto Price Prediction - Is $INJ Token Worth Buying? Bitcoin Minetrix Could Be The Next 10x Crypto

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Injective is among the top-performing cryptocurrencies this week, with a gain of over 54%. Price has jumped from around $8.18 to as high as $12.8. Injective’s recent remarkable surge can be credited to a game-changing feature introduced by Helix, the decentralized exchange (DEX) operating on the Injective Layer-1 blockchain.

On October 19, Helix unveiled pre-launch futures trading, enabling cryptocurrency enthusiasts to speculate on tokens that have yet to officially debut on the market or exchange platforms.

This was followed by an announcement on October 24 that marked a significant step towards making Web3 finance data accessible to the wider audience, as Helix revealed its integration with Google Cloud BigQuery.

As per the official statement, this integration introduces the Injective Nexus, a platform that facilitates the sharing of core chain data from Injective with the broader community. This data becomes available in BigQuery through the Analytics Hub, Google Cloud’s proprietary data sharing platform.

1/ Introducing Injective Nexus: Injective's official data integration & availability on Google Cloud.

Now core chain data from the Injective network will be accessible in BigQuery through the Analytics Hub, Google Cloud's exclusive data sharing platform.https://t.co/V5gOyvAQe2

— Injective 🥷 (@injective) October 24, 2023

It’s common in the crypto sphere for projects to announce collaborations with Google Cloud, often resulting in price increases. However, many of these developments, touted as collaborations, may not carry significant weight in the crypto market.

Injective Nexus, on the other hand, claims to offer developers and institutions access to private data sets via the Injective network. This means that Google Cloud clients and businesses can utilize exclusive Injective datasets for various purposes, including DeFi applications, machine learning, and the development of enterprise trading strategies.

INJ Token Price Prediction

Injective is currently valued at $12.6, with a 24-hour trading volume of $357.88 million and a market capitalization of $1.02 billion. Over the last 24 hours, $INJ’s price has experienced over 6% increase.

According to technical indicators, Injective’s 200-day SMA is expected to rise and reach $7.52 by November 24, 2023, while the short-term 50-Day SMA is projected to reach $10.58 by the same date. The Relative Strength Index (RSI) stands at 89.76, signaling that the $INJ market is in an overbought condition.

Looking ahead, $INJ’s price appears poised for a potential rebound, with initial targets set at $16 and later at $25. With positive momentum on its side, $INJ seems well-positioned to sustain its impressive growth.

The broader enthusiasm surrounding DeFi could provide additional momentum for the token, potentially driving it to achieve new all-time highs.

For a comprehensive Injective crypto price prediction, view the video above and subscribe to his YouTube channel for additional crypto-related content. Jacob Crypto Bury also runs a Discord community with 17,000 members, providing trading insights and information on upcoming crypto presales.

Injective Alternative with High Profit Potential

While Injective cryptocurrency demonstrates a bullish trend, investors continue to seek cryptocurrencies with significant growth potential, especially those available during the presale stage at heavily discounted rates.

One standout option is Bitcoin Minetrix, which presents a unique ‘Stake-to-Mine’ concept. This project’s native crypto, $BTCMTX, recently initiated its presale and swiftly gained substantial investor attention, amassing over $2 million in just one month.

During the presale phase, investors can acquire $BTCMTX tokens at an attractive rate of $0.0112. The project employs a tiered pricing structure throughout its twenty phase presale, with token prices gradually increasing, culminating in a final presale price of $0.0129.

Traditional cloud mining arrangements have often exposed investors to the risk of scams, as they involved purchasing cash contracts from mining companies. Bitcoin Minetrix, on the other hand, introduces the innovative ‘Stake-to-Mine’ system, enabling users to stake $BTCMTX tokens and receive mining credits in return.

#BitcoinMinetrix is a groundbreaking cloud mining platform, enabling everyday people to participate in decentralized $BTC mining. 💻

By eradicating the risks of third-party cloud mining scams, it grants users full authority over their mining operations. pic.twitter.com/BXhbDQkO0I

— Bitcoinminetrix (@bitcoinminetrix) October 25, 2023

These credits, though non-tradeable, grant access to Bitcoin mining power, ensuring a secure and scam-free experience. Importantly, should you decide to leave the platform, you have the flexibility to sell your $BTCMTX tokens without being tied to locked contracts, maintaining full control over your funds.

Additionally, this cloud mining approach significantly minimizes the environmental impact often associated with traditional Bitcoin mining. The project has set a token supply cap of 4 billion, with 42.5% allocated for mining.

Bitcoin Minetrix aims to raise over $33.46 million as its hard cap target, with 70% of the token supply allocated to this purpose. These funds will be utilized for platform development, marketing, and the rental of cloud mining facilities.

The platform’s primary objective is to simplify and secure the intricate realm of Bitcoin mining, especially for newcomers. With its $BTCMTX token, Bitcoin Minetrix offers an accessible and straightforward way to earn income from Bitcoin through cloud mining.

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