Best Crypto to Buy Now January 8 – Injective, Stacks, Axelar

cryptonews.com:

The INJ price has soared as the platform’s final Injective token unlock approaches, positioning it as a top cryptocurrency to watch in early January 2024.

At the same time, Stacks and Axelar are also exhibiting bullish momentum thanks to positive price movements and developments, solidifying their place among the best cryptos to buy now.

As these major cryptocurrencies take the spotlight, new crypto presales like Sponge V2 Token and Bitcoin Minetrix offer alternative crypto investment opportunities worth checking out.

Let’s explore why these cryptocurrencies are gaining traction.

Injective Protocol’s native token, INJ, has seen a price surge of over 15% so far today as it continues its effort to retake the $40 psychological mark.

JUST IN: #Bitcoin hits $47K for the first time since March 2022. pic.twitter.com/rN2mZ6o8ru

— CoinGecko (@coingecko) January 8, 2024

This rise coincided with Bitcoin’s move above $47k and a general uptrend in crypto markets.

INJ seeks to achieve a new all-time high above $44.860 as excitement builds for the upcoming total unlock of INJ tokens on January 21.

This event will introduce 3.66 million new tokens into circulation, completing Injective’s release of its 100 million token supply.

While some analysts foresee selling pressure, others anticipate increased liquidity and interest following the unlock.

Despite recent price corrections, INJ exhibits a bullish pattern signaling the potential for an upcoming rally.

Stacks’ (STX) impressive price performance continues, with the token gaining 32% over the past week to breach the $2 mark for the first time since January 2022.

Although below its all-time high of $3.39, Stacks has consolidated at a healthy price, outperforming other cryptocurrencies amid a bullish