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Daily Top Mover — Injective (INJ)
Last week, weak retail sales cooled down the hype brought by stronger-than-expected corporate earnings. The broader cryptocurrency was steady over the weekend, with Bitcoin and Ether standing above $30k and $2.1k, respectively as of the time of writing.
Today's outperformer is Injective (INJ), a Layer 1 blockchain built on the Cosmos ecosystem, which surged by 60% in the past week due to multiple headwinds. Among them, Kraken’s integration with Injective, the introduction of Pyth Network, and the kick-off of the network’s first hackathon have sent tailwinds to the token price. Last week was a big week for Ethereum following the successful completion of Shapella. Amidst the anticipation and excitement around Ethereum Layer 2s following the upgrade, Injective is not one to be overlooked as it stands out as the first EVM-compatible chain on Cosmos.
Check Out the Latest Prices, Charts, and Data of INJUSDT!
Talk of the Town
The Solana’s smartphone Saga is scheduled for sale starting May 8, 2023. The much anticipated crypto-friendly mobile phone comes with a price tag of $1,000, and pre-ordered devices are currently being shipped. What sets Saga apart from its competitors is its Solana Mobile Stack (SMS), which boasts higher security for crypto transactions. A custom Dapp store on SMS will also allow users to access crypto-native Dapps on Saga without a 30% “Apple Tax” imposed on transactions made.