INJ is Facing Price Fluctuations-Wall Street Memes Could Be a Potential Rival

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Injective (INJ) blockchain is an open-source, Layer1 interoperable blockchain that is the next-generation cross-chain blockchain.

It powers decentralized applications like prediction markets, lending protocols, derivative exchanges, and decentralized spot, among others, and also runs smart contracts.

Injective uses Tendermint-based proof-of-stake consensus and the Cosmos SDK mechanism to provide instant transactions and also maintain lightning-fast performance (10,00+ TPS).

INJ Recent Price Trend

The project’s native coin is INJ. At 9:49 EST today, July 18, 2023, the asset’s price is down 3% with a market cap of $712 million. However, the asset’s trading volume has increased by 21% in the last 24 hours.

The coin is currently trading at $8.924 and has recorded a low and high price of $7.88 and $9.71 in the past 7 days.

Information from TradingView shows that the coin has performed so well. Over the last 2 weeks, INJ has gained 1% and also increased about 560% in 1 year.

Technical Overview Show Possible Price Fluctuations for INJ

The technical chart above shows the likelihood of price fluctuations for the INJ market before the end of the day. INJ trades above the 50-Day and 200-Day Simple Moving Average (SMA). This indicates that the coin is trading in a bullish trend.

The asset’s Relative Strength Index (RSI) is at 59.79 in the neutral zone and moving to the oversold zone (30). This depicts that INJ has lost buying pressure following the actions of the bears, as seen in the chart above.

Furthermore, the coin’s Moving Average Convergence Divergence (MACD) indicator trades slightly above the signal line with a faint green histogram bar.

This supports the signal from the RSI indicator and suggests the probability of INJ fluctuating today, considering the market behaviour in the past 3 days, as seen in the chart above.

INJ’s Support and Resistance Levels

Considering the coin’s chart above, the bears control the INJ’s market. If they increase the selling momentum, the asset’s market price might reach $7.891 support.

If they maintain the bearish trend, investors may fear more losses and start selling at the current prices as it falls. This might cause negative sentiment in the market and force INJ to drop again in market value and could hit the $7.388 support level in the future.

However, if there is a piece of news that can market the coin’s value appreciation, the price may hit the $9.626 resistance.

When this happens, and INJ manages to cross that resistance, investors may become excited; this may make them increase buying pressure which may cause the coin to reach the $9.957 resistance.

Some Crypto Experts Predict the Future Market Values for INJ

Many technical analysts have analyzed INJ’s market and have provided some possible prices for the asset in the future.

Some group of experts at Coincodex predicted that by 2024, INJ could have market prices around $7.81 and $16.53 for the minimum and maximum prices, respectively.

By 2025, they also stated that the coin’s price could be around $14.71 for the lowest price and $49.08 for the highest price.

A team of crypto experts at Bitnation predicted that by 2023, INJ’s minimum, average, and maximum prices might have $10.77, $13.46, and $16.15, respectively.

By 2026, the team also shared that the asset’s market value might have $37.68 for the lowest price, $40.37 for the average price, and $43.06 for the highest price.

By 2028, they also predicted that the coin would likely have a minimum price of $55.62, an average price of $58.31, and a maximum price of $61.00.

Another group of technical experts at AMB Crypto predicted that by 2023, INJ could have its market values around $6.96, $5.57, and $8.36 for the average, lowest, and highest prices, respectively.

Factors that May Change the Market Behavior of INJ

On July 17, 2023, Injective shared via its Twitter page that the community support it has voted for the incorporation of $XRP into its platform with IIP-238 passing.

Again, Injective also reported on July 18, 2023, that developers attended the AwesomWasm conference held in Berlin to learn about the potential of Injective blockchain. These updates may influence investors’ decisions reflected in the asset’s market.

Wall Street Memes ($$WSM) an Alternative Asset

Wall Street Memes portrays itself as the No.1 meme coin in the crypto market and has a positive investor outlook.

The project’s official website says, “The project is the ultimate expression of the internet’s triumph over rampant capitalism.”

The meme coin aims to empower investors to become millionaires by leveraging on the meme coin following the recent successes seen among meme projects like PEPE. The company is famous for sharing stock and crypto memes on Twitter, Instagram, TikTok, and other social media platforms.

The project is an initiative of a group that made waves on the internet in 2021 after they sell-out 10K units of the Wall Street Bulls NFT collection in a few minutes.

This might be why the project many crypto enthusiasts have been attracted to invest in the project’s native token, $$WSM, following the track records of the creators. $WSM will help maintain the project’s growth and will also be used to reward its loyal participants.

On the Wall Street Memes’ official website, its team claimed that the world’s richest individual, Elon Must, engaged in a tweet with its social community.

This might be one of the reasons why the project has won the interest of many investors as Elon is known for succeeding in most of his businesses, so his interest suggests a big win for the project.

$$WSM Presale

The token’s presale is live and has recorded stupendous success. The presale has hit a milestone as it raised $11 million, according to Cryptonews.

As of today, the presale has raised more than $15 million, and it is quickly approaching the presale stage threshold of more than $16 million at a unit price equivalent to $0.0319.

The presale price will increase to $0.0322 when it reaches the presale stage benchmark and is expected to end in 5 days, 1-hour timeframe from today, July 18, 2023.

Note the team behind Wall Street Memes aims to hit a $1 billion market capitalization, so buying the token during the presale would be the best decision an investor will make.

The project is built on the Ethereum blockchain with 2 billion units of $$WSM, and 50% is made available for the presale.

Features of Wall Street Memes

The exclusive $WSM features include token airdrop, NFT collection, and merchandise.

The Wall Street Memes token airdrop

The Wall Street Memes token airdrop is a token promotion scheme to increase the project’s visibility and increase $WSM token purchases.

At the end of the airdrop, 5 lucky winners will share $50 thousand worth of $WSM units, announced six months after the presale.

Wall Street Memes Merch Store

The Wall Street Memes products will be for two purposes. First, it will bond the Wall Street memes public, and second, it will increase consciousness of the brand and its duty.

The merch store provides campaign support with caps, mugs, T-shirts, and sweatshirts.

How to buy Wall Street Memes ($$WSM)

To be among the early investors to get a better return on investment, you should first download the dApp crypto wallet if you do not have any.
Log into the official Wall Street Memes website,
Navigate the website and locate the presale section. The token can be purchased using either: bank cards (for fiat currency), ETH, BNB, or USDT (ERC-20 or BEP-20)
The presale is set on the Ethereum network, so if you have BNB, locate the button “Buy with BNB” and click on it.
Select the currency you have available.
Type in the amount you want to spend for purchasing $$WSM.
Connect your crypto wallet by clicking on the buy now button and follow the step required carefully.
Cross-check the details you put in and confirm the transaction to proceed with the buying process.
After this, the transaction should be successful if the steps are followed carefully.
There will be a Token generation event (TGE) at the end of the presale when you can go back to the Wall Street Memes website to claim your token and add it to your wallet.

How Wall Street Memes Distributes Its Remaining $$WSM Units

After allocating 50% for the presale stage. The project team further distributed the remaining units of its tokens across CEX liquidity, DEX liquidity, and Community rewards.

The project creators distributed 10% of the token to the centralized exchange CEX to build liquidity to help ensure its tokens’ free flow.

They also distributed 10% units of $$WSM to the decentralized exchange DEX to create liquidity that will make the toke available and accessible to everybody who wishes to acquire it.

Again, 30% of the total token is kept for community rewards. This will be used to reward active and loyal community members. This will be to celebrate their support and dedication towards the project as they deserve it since they proved to be the meme warriors.