Injective price is one of the top gainers today with a surge of around 13%. The price jump comes as the ecosystem passed a major governance proposal to advance the next phase of the much-awaited INJ 3.0. Also, the recent rally reflects the growing confidence of investors in the AI coin segment. This is evident from the price rise for FIL and FET, among other tokens.
Factor Behind Injective (INJ) Price Rise
Injective has announced that it has passed a major governance proposal to advance the next phase of INJ 3.0. This development is focused on reducing the circulating supply of the INJ token. In other words, the primary objective is to make it one of the most deflationary assets in the times to come.
It comes after the community overwhelmingly voted in favor of the launch which was originally proposed around Bitcoin Halving. IIP-392 had received 99.99% favorable votes when it was tabled earlier in 2024.
On the other, hand, the rising interest of investors in the AI segment might have a
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