$6.81
24h
-15.36%
26 Oct, 12:39
Bullish outlook on INJ driven by RWA expansion and ETF approval
Bullish-12.34%
AI Summary
The author expresses a strongly bullish view on Injective (INJ), highlighting multiple ecosystem catalysts and expecting the token to quickly surpass $10 despite broader market consolidation.
Recently, #Robinhood is preparing to partner with seven projects for a major event! 🧐 @injective is among them. Although specific details have not been revealed yet, it is believed to be top-tier, and includes excellent RWA projects like HBAR and ONDO!
Although the market has been volatile recently, Injective has been making moves. Here’s a summary of recent key points!
1️⃣ KRW stablecoin issued on the Injective public chain: The KRW1 stablecoin, issued by BDACS and backed by reserves held in custody by a large Korean bank, has launched on Injective, directly enabling KRW RWA settlement.
2️⃣ A $10 billion RWA real estate project will launch on Injective: Partner Pineapple Financial is preparing to tokenize over $10 billion (29,000 transactions) in real estate mortgage loans. They previously piloted moving $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 A $10 billion giant enters the scene: 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 deflationary pressure: The buyback and burn mechanism has cumulatively burned over 7.2 million $INJ tokens to date; the latest buyback plan will burn another $251,000 worth of INJ.
Although #BTC has recently pulled back and consolidated, INJ's price action 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! 🤔