Defying Bearish Trends: Optimism, Injective & Borroe Soars Skyward
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Injective (INJ) has shown signs of a strong bullish trend powered by multiple network upgrades and developments.
Elsewhere, Optimism (OP) has taken strategic steps to enhance its network functionality expected to support a major bullish trend in the long term.
But, Borroe ($ROE) investors are already reaping huge profits while the project is still in its presale stage. Will Injective and Optimism catch up, or will Borroe remain dominant in the long term?
BUY $ROE TOKENS NOW
Injective (INJ) has traded upward since it recovered losses despite a bearish sentiment dominating the cryptocurrency market.
On August 9, 2023, Injective’s (INJ) protocol confirmed a collaboration with the Space ID Protocol set to launch “.inj” Domain Naming Services.
Also, Injective (INJ) introduced the Inj Burn 2.0 on August 16, a mechanism that is designed to intensify the weekly Injective (INJ) burn rate.
Later, on August 17, Trust Wallet incorporated its services into Injective’s (INJ) Mainnet.
Nonetheless, these developments did not stop Injective (INJ) from dropping along with the entire crypto market. Injective (INJ) lost 16.2% from $8.159 on August 9 to $6.835 on August 18.
However, developments and partnerships continued as the Nabox Wallet announced Injective (INJ) incorporation on August 18.
On August 18, Lunarcrush confirmed that Injective (INJ) became the top altcoin in terms of social volume.
All these developments have helped Injective (INJ) to rise by 5.41% in the past week to trade at $7.61 on August 24.
For now, analysts are confident that Injective will rise to $8.85 by the end of 2023, which makes it a good crypto to buy today.
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