- INJ ($7.88)’s demand made a comeback as the price showed signs of pivoting from its bearish performance in December.
- Spot flows and derivatives indicated a shift in favor of the bulls, in line with surging social sentiment.
Injective [INJ] could be on the verge of a bullish comeback. The cryptocurrency just ranked as one of the top AI coins in terms of social engagement, alongside other signs indicating renewed interest.
According to LunarCrush Analytics, INJ recently ranked second in the list of AI coins with the highest social engagement.
This means the cryptocurrency is receiving a lot of attention, an outcome that could influence its performance this month.
The social sentiment uptick aligned with a noteworthy spike in Open Interest in the last two days. INJ’s Open Interest was up by roughly $20.12 million during that period.
While this may not necessarily be much in the grand scheme of things, it demonstrated that open interest was making a recovery after the downside observed in the last three weeks of 2024.
24h Most Popular
Utilities