INJ rose 32.3% this week, according to a post from CoinGecko on X, which pointed to several factors behind the move. Among them was a Wednesday meeting involving the Injective CEO and officials from the White House, the U.S. Securities and Exchange Commission, and the Commodity Futures Trading Commission. CoinGecko also noted that stakers are voting on IIP-709, a proposal that would set a fixed gas fee on the network. Separately, Injective said its revenue-to-fully diluted valuation, or FDV, ratio is higher than that of other major blockchains. The update was cited by Techub News in a short market and policy-related brief.
INJ climbed 32.3% this week, according to a CoinGecko post on X cited by Techub News. CoinGecko said one factor behind the move was a Wednesday meeting between the Injective CEO and officials from the White House, the U.S. Securities and Exchange Commission, and the Commodity Futures Trading Commission.
CoinGecko also said stakers are voting on IIP-709, a proposal that would introduce a fixed gas fee. Injective separately said its revenue-to-fully diluted valuation, or FDV, ratio is higher than that of other major chains.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
