Dive into the latest Injective news, while Injective crypto is under pressure after DeepSeek chaos has fast-tracked losses. Is it time to hedge INJ Price with SOLX buy?
Is the bull run over? Time to recalibrate portfolios and buy potent altcoins like Solaxy (SOLX)? Evidently, the crypto market is volatile, and Bitcoin is struggling to sustain prices above $100,000. Meanwhile, after the boom from H2 2023, Injective Protocol is on a free fall.
From price action, Injective crypto (INJ) is down 60% in one month, breaking above key support levels following the release of DeepSeek, an open-source LLM competing with OpenAI.
(INJUSDT)
If bears step up, investors fear that INJ may continue to push lower, even down to $6, another 50% drop from spot rates. Despite this wave of selling pressure, fundamentals may steady prices, perhaps even mitigating risks from DeepSeek.
Injective Crypto To Integrate EVM, Tapping Into AI for Trading
Recently, the Injective crypto team announced plans to integrate the Ethereum Virtual Machine (EVM).
Considering how important this update is, the team will roll it out in phases, with tests being done before the main net launch later this year.
This upgrade will be crucial, considering that Injective is built on Cosmos rails and isn’t interoperable with Ethereum by default.
1/ Today, Injective is unveiling the most advanced EVM to date.
Injective’s EVM is currently over 1200% faster than competing EVM chains. It brings institutional-grade scalability, AI-ready infrastructure, and a MultiVM architecture.
Here’s everything you need to know: pic.twitter.com/FpWAht7Fbs
— Injective 🥷 (@injective) January 29, 2025
With EVM, Injective will support Ethereum smart contracts, allowing DeFi dApps from the world’s largest smart contracts platform to deploy on the scalable and low-fee platform.
In this way, Injective will tap into the vast Ethereum ecosystem and benefit from more developers and possibly users.
Additionally, the team is foraying into tokenizing real-world assets and riding the AI wave.
Injective recently unveiled the AI Index Perpetual Market (AIX) for investors to gain exposure to the booming AI market conveniently.
Injective has launched Tokenized AI Index. Why it's cool. I'll tell you why!
What is $AIX? It makes it easy to invest in AI using blockchain, providing accessibility, transparency and ease without middlemen.
Buy dip on @HelixApp_. Before it's too late. pic.twitter.com/V5zd1lTYow
— washuu (reborn) (@wwashuuu) February 3, 2025
The index merges crypto tokens like Bittensor and Virtuals Protocol and tradfi AI stocks like Nvidia into a single index trading on Helix, the top DEX on Injective.
Is New Solana Layer-2 Solaxy (SOLX) Ultimate INJ Hedge?
Only time will tell if INJ bulls will step in and reverse losses. The instability is why smart investors are exploring options like Solaxy (SOLX).
Solaxy plans to build the first layer-2 for Solana and has raised over $17.7 million in the ongoing viral SOLX presale.
SOLX trades for just $0.001624 but will increase in the next presale phase.
If you want to buy SOLX now, go to the official website, connect your wallet, and buy Solaxy using USDT, ETH, or cash.
After buying, you can stake SOLX, receive a 227% APY, and earn a passive income.
Don’t let the yield drop before staking SOLX.
Thousands of holders have locked over 5 billion SOLX and are earning passive income as of early February 2025.
It is easy to see why thousands of investors think Solaxy will be the next Arbitrum or Base.
Since Solana is prone to congestion and transaction fee fluctuation, Solaxy will create a roll-up, relieving the mainnet in times of high demand.
This unique value proposition explains why traders are optimistic about what lies ahead.
On YouTube, several analysts think SOLX can easily rally, outperforming SOL and rewarding early adopters once it launches on top DEXes like Raydium.
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