The Injective AI token ($INJ) has recorded an extraordinary year-to-date (YTD) gain, reaching an impressive figure of 3,000% after the latest surge.
This surge, which has pushed the native token of the Injective layer 1 blockchain to a historical high of $39.15, occurred on Tuesday, marking a substantial upward trend throughout 2023.
The rise of the INJ token by Injective driven by the hype of artificial intelligence (AI)
The rapid rise of INJ can be attributed to several catalysts, among which enthusiasm for artificial intelligence (AI) stands out. Injective, which operates on the Cosmos-based blockchain, seamlessly integrates AI elements with decentralized finance (DeFi).
This unique combination positions it as a formidable player in the blockchain space.
Only in the last 24 hours, INJ has risen by an additional 28%, a surge fueled by the anticipation of a broader altcoin rally in the wake of the recent growth induced by the Solana hype.
Despite the modest total locked value of
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