Injective INJ price jumps 10% after OKX listing

YEREVAN (CoinChapter.com) – AI token Injective INJ price jumped 10% on Nov. 30, reaching just under $18 in the European hours. Notably, the overall month-to-date rally stood at 27%.

Injective INJ price will likely reach $19

The token’s trading volumes have increased by over 25% in the previous 24 hours, parallel to the price increase, which could indicate continuous investor interest. According to crypto tracker Santiment, the number of Injective addresses increased steadily throughout the previous quarter, supporting the bullish outlook.

However, the number of 7-day and 30-day active addresses decreased in the previous sessions, after peaking in mid-November.

While a slight setback is possible in the coming hours, due to the decrease in active addresses, the Injective INJ price could still rise to $19, a previous resistance line, on the back of high trading volumes. In the meantime, the reasons that could have facilitated the Nov. 30 Injective price jump are noteworthy.

OKX listed INJ coin

On Nov. 30, 2023, the cryptocurrency exchange OKX announced the listing of Injective (INJ) on its spot trading markets. Deposits for Injective opened at 6:00 am UTC on November 30, 2023. This allowed users to start depositing their INJ tokens into their OKX accounts in preparation for trading​​​​.

Spot trading for INJ, specifically for the INJ/USDT pair, commenced at 10:00 am UTC on the same day, November 30, 2023. This enabled users to trade Injective against USDT (Tether), which is a popular stablecoin in the cryptocurrency market​​​​​​.

The platform scheduled the opening of INJ withdrawals for 10:00 am UTC on December 1, 2023. This will allow users to withdraw their INJ tokens from the exchange starting from this time​​.

The listing of Injective on a major exchange like OKX is a significant event for the token. It could increase its accessibility to a wider audience of traders and investors but also potentially enhance its liquidity and market presence.