- Injective and ORDI soared in intraday trading today, leading the market as analysts predict the altseason is loading.
- Bitbot has wrapped up its token sale just as crypto sentiment flips bullish.
Injective (INJ) and ORDI (ORDI) are among altcoins to see decent gains this week as market anticipation for an altseason rises. INJ and ORDI tokens could continue higher as investors aggressively position.
Meanwhile, crypto traders are poised as the market eyes new momentum for top altcoins, memecoins, RWA and artificial intelligence (AI) tokens among other key sectors. Also emerging as a target for traders is Bitbot (BITBOT), a new trading bot set to go live on Telegram.
Discover why investors who missed the project’s presale may jump in when tokens go live on crypto exchanges.
Injective surges as investors bet for more gains
Injective, the interoperable Layer-1 blockchain for decentralized finance (DeFi), has had a cracking 24 hours.
Trading volume has skyrocketed more than 90%, while price broke to highs of $30.92. INJ currently trades above a key resistance line and further strengthening looks likely amid various bullish catalysts.
On June 6, the project’s team released a new tokenomics paper on the native token INJ, highlighting its utility.
The news bolstered INJ price before further announcements, including integration of Japanese gaming platform Gumi as validator and launch of Injective’s first yield-bearing synthetic dollar, triggered more buying.
Injective also shared more positive developments, notably around GameFi, staking and a crypto conference in Vietnam.
ORDI soars double-digits as memecoins ignite frenzy
ORDI continues to attract attention since its debut in the Bitcoin ecosystem when it launched as the first BRC-20 token on the Ordinals protocol.
On Friday, ORDI price surged more than 11% to cross above $50.
The daily chart suggests bulls may find immediate support above $60, a scenario that opens up the all-time high of $95. It could then target price discovery with a breakout above the psychological level of $100.
Bitbot token readies for market launch
New Telegram-based trading app Bitbot just wrapped up a stellar presale that raised over $4.3 million.
Investors who participated in the presale could soon have the opportunity to trade and potentially reap big when the BITBOT token lists on major exchanges.
While this milestone is creating a buzz in the market, there’s one thing that’s even more important for the crypto community- the launch of the world’s first non-custodial Telegram bot.
The main reason for the excitement is that the trading bot market is rapidly growing into a huge sector. Data shows bots across the market have reached over $25 billion in cumulative trading volume, while the average daily volume currently sits at over $164 million.
As bots become vital trading tools, users are now more inclined to go for not just the most innovative, but ones that offer enhanced security.
Bitbot stands out in this category with its non-custodial bot. AI integration and the availability of anti-MEV and anti-rug pull features cement its indispensable outlook.
Following the presale, the Bitbot team announced that the native token BITBOT will launch on exchanges for trading.
Meanwhile, the key product (bot) is ready for market debut with features such as trading interface, market data integration and staking. The developer team is working on the non-custodial wallet integration ahead of its launch.
What else adds to a bullish outlook for Bitbot?
Injective and ORDI’s gains, as with most other tokens registering decent gains, come as analysts predict crypto is on the cusp of a major altseason.
Pseudonymous crypto trader and analyst Moustache shared such a bullish outlook today, pointing to a technical analysis tool that traders use to identify price trends.
The Gaussian Channel indicator on the two-week chart shows a similar accumulation phase and retest pattern as seen before the last bull market.
According to the analyst, the indicator suggests crypto could be poised for its “biggest altseason” yet.
Bitbot, which could revolutionize the crypto trading market on Telegram, has the potential to be one of the outperformers.
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