The post Injective eyes new ATH while Bitcoin whales pivot to Raboo appeared on BitcoinEthereumNews.com.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Speculation surrounds Injective’s potential to reach a new all-time high as Bitcoin whales shift their focus to the presale token Raboo. Much speculation is going on in the crypto market currently as two interesting but contrasting stories make the headlines. The first story hints at the possibility of Injective (INJ) returning to its previous all-time-high as it continues its current bull run.  However, the second seems to captivate investors more as it suggests a significant shift in interest among large crypto holders or whales from BTC to a presale token,  Raboo (RABT), which has been tipped by many crypto experts to be among the leading altcoins in 2024. Injective rallies past $30 after month-long struggle The sentiments surrounding Injective (INJ) lately have been positive as the token continues to exhibit remarkable market strength, experiencing a 7.79% increase between May 15 and June 15. Moreover, last week INJ briefly broke past the $30 price mark after struggling to do so since April. There is still positive sentiment surrounding Injective as speculation among the crypto community is that the INJ might reach its all-time high again, which is $52.75. As of writing, Injective trades at $25 and boasts a market capitalization of over $2.3 billion. Bitcoin slumps amid massive BTC sell-off After embarking on a remarkable bull run post Bitcoin Halving in April, Bitcoin seems to be cooling off, with the price now trading far below the $70,000 mark, raising concerns that BTC’s rally may have come to an end. This sentiment did not become popular until large token holders known as whales reportedly began to sell their BTC holdings. This massive sell-off was revealed by a prominent cryptocurrency analyst, Ali…

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Filed under: News - @ June 19, 2024 7:28 am