Although the price of BTC has increased by double digits, not all altcoins have been able to achieve such gains. However, there are some that have surpassed it. A popular cryptocurrency has seen a 900% increase since its yearly low. But a popular crypto commentator says that this rally could continue to exceed 1914% and beyond. If he’s right, those who bought at the bottom will have made a 19x profit.
Injective (INJ) Coin Future
The Crypto Dog, a popular analyst followed by hundreds of thousands of investors, has set his sights on the star altcoin of 2023. The price has already increased nearly 10x from $1.3 in January, but it’s not enough for the expert. The crypto strategist believes that INJ Coin is heading towards its peak zone of $24.89 in 2021.
“While the rest of the market is stagnant, INJ is currently experiencing a boom.
Zoom out on the monthly chart and you’ll see that it’s aiming for its all-time high. I think it’s very likely.”
Earlier this month, The Crypto Dog made similar predictions:
“The best-looking mid-cap chart in crypto throughout the year. Honestly, it surprised me how strong it has been. It seems to be on track to break its previous highs next year.”
If The Crypto Dog is right, this year’s rally could surpass 1914%. In conclusion, the expectation for upward movement continues in the medium and long term.
INJ Coin Price Prediction
But do all analysts think the same? Of course not. For example, Altcoin Sherpa suggests that the price is approaching a significant resistance area and a corrective move could start. This move could easily be triggered by BTC’s performance and is not limited to INJ Coin. Many altcoins are encountering resistance or retracing. BTC needs to show more strength for upward volatility.
“I like INJ Coin, but considering its market value and the upcoming general resistance area, I won’t be buying here.
Still, it’s one of the strongest coins in the market.”
Pentoshi briefly stated:
“I don’t think it’s a good idea to buy here. It’s very close to a historically strong resistance. It will either drop to the lower box or break the resistance. Being in the middle will lead to failure.”
