$6.81
24h
-15.36%
26 Oct, 11:52
Bullish outlook on Injective ecosystem growth and price breakout
Bullish-11.00%
AI Summary
The author holds a bullish view on Injective (INJ), citing multiple ecosystem developments and deflationary tokenomics, predicting it will soon break past $10 despite recent Bitcoin volatility.
Congratulations on $INJ listing on #Robinhood exchange! 🧐
Although the market has been volatile recently, Injective has been making moves. Here’s a summary of the key points to watch!
1️⃣ Korean Won stablecoin issued on the Injective public chain: The KRW1 stablecoin, issued by BDACS with reserves held by a major South Korean bank, is now live on Injective, directly enabling KRW RWA settlement.
2️⃣ A $10 billion RWA real estate project launching on Injective: Partner Pineapple Financial is preparing to tokenize over $10 billion (29,000 transactions) in real estate mortgage loans. They previously piloted with $1 billion, but this time they are migrating the entire portfolio!
3️⃣ INJ staking ETF coming soon: Canary Capital’s submitted $INJ staking ETF is currently undergoing regulatory approval in the United States.
4️⃣ Billion-dollar giant enters: Thailand’s GULF Group, with a market cap of $27 billion, has officially become an Injective validator node and will introduce more business collaborations in Thailand in the future.
5️⃣ $INJ continues its deflationary trend: The buyback and burn mechanism has cumulatively destroyed over 7.2 million $INJ tokens to date; the latest buyback plan will burn an additional $251,000 worth of INJ.
Despite the recent pullback and volatility in #BTC, INJ’s performance remains strong. This is closely tied to its active community atmosphere and the team’s continuous efforts to expand. I believe $INJ will soon break into double digits—stay tuned! 🤔