Home – News – Three altcoins have reached historic highs, and another one is on the way
Tetiana Nechet
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With the start of the new year and the approach of the inauguration of the elected President of the USA, Donald Trump, the crypto market has noticeably revived. Interestingly, on January 6, three altcoins set price records.
The WhiteBIT Coin token has risen by 6.82% in the last 24 hours, reaching a new all-time high of $26.55. Such growth indicates increased investor interest and a strong trend. Maintaining above the $25.1 mark is crucial for further growth. Losing this level could return the WBT price to the previous one.
Gate rose to a new high of $18.43 after a weekly growth of 16%. The token price is staying above the $18 level. Staying above this price will allow GT to continue growing, but losing support could lead to a decline.
SPX reached a new high of $1.58 after a sharp rise of 19.72%. Key support at around $1.55 could provide a basis for further growth. However, losing this level could lead to a drop to $1.34, significantly undermining the current bullish trend.
Injective Protocol (INJ) continues to rise after transitioning to Injective 3.0, aimed at reducing inflation and increasing staking rewards. This initiative allows the token supply to be adjusted in real-time based on staking activity. The INJ token also provides one of the highest yields in the industry – 10.68% for staking. The new economic model makes INJ one of the most deflationary assets on the crypto market, significantly increasing its attractiveness to investors. This is evident from the price, which has risen to $26 over the last day (+11.02%).
However, this is still less than half of the historical high INJ set in March 2024: $52.75.
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