News

Will Injective Crypto Recover From Trade War and DeepSeek AI Chaos?

By Dalmas Ngetich

Last Updated: Feb 4, 2025

Fact checked

By Sam Cooling

Injective News: Injective crypto is under pressure after DeepSeek chaos fast-tracked losses. Time to hedge INJ Price with SOLX buy?

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) Price Volume in 24h Price 7d is down 60% in one month, breaking above key support levels following the release of DeepSeek, an open-source LLM competing with OpenAI.

Injective crypto is under pressure after DeepSeek chaos fast-tracked losses. Time to hedge by buying Solaxy (SOLX)?

(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.

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.

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.

Injective crypto is under pressure after DeepSeek chaos fast-tracked losses. Time to hedge by buying Solaxy (SOLX)?

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.

Injective crypto is under pressure after DeepSeek chaos fast-tracked losses. Time to hedge by buying Solaxy (SOLX)?

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.

VISIT SOLX HERE

EXPLORE: US Trade War Fuels Frenzy To Buy Crypto Dip: What Crypto to Buy Now?

Join The 99Bitcoins News Discord Here For The Latest Market Updates

Free Bitcoin Crash Course

  • Enjoyed by over 100,000 students.
  • One email a day, 7 days in a row.
  • Short and educational, guaranteed!

Why you can trust 99Bitcoins

10+ Years

Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.

90hr+

Weekly Research

100k+

Monthly readers

50+

Expert contributors

2000+

Crypto Projects Reviewed

Google News Icon
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Disclaimer Icon
Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital. 99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Dalmas Ngetich
Dalmas Ngetich
Crypto Journalist

Dalmas is an experienced journalist with over a decade in crypto, technology, and blockchain. His work and that of his partners have been featured in top news outlets, including Forbes, investing.com, and Entrepreneur, among others. He is passionate about crypto... Read More

Back to top