- Collaboration plans send bullish signals across INJ and FET.
- INJ is showing signs of strength despite market fluctuations.
- Crypto analyst predicts collaboration’s positive effect on FET.
A proposed collaboration between the layer-1 blockchain Injective (INJ) and the blockchain artificial intelligence (AI) protocol Fetch.AI (FET) has sent bullish signals across community members and investors. A crypto analyst on the Altcoin Buzz podcast believes this development is positive and could fuel a short-term bullish trend.
The analyst points out that INJ has shown strength over the last month despite market fluctuations. The altcoin rallied in the first half of October, gaining nearly 30%. However, the cryptocurrency gave back those gains.
Despite the pullback, the analyst sees INJ as maintaining a bullish sentiment, citing the various developments within its ecosystem. Breaking above $35 would confirm an upside breakout and could trigger a sustained bull run for the DeFi protocol’s altcoin. A crypto market crash in the closing hours of Friday’s trading session pushed INJ below its October open, dropping the price to $17.11, a 16% daily loss.
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INJ has rebounded and has traded for $18.72. Reclaiming the $21.60 support would reinforce the altcoin’s bullish outlook. INJ enthusiasts believe the project will outperform the market in the coming year.
Meanwhile, the analyst thinks the proposed collaboration will positively affect FET, Fetch.ai’s native cryptocurrency. The proposal, which will restore cross-chain transfer between Fetch.ai and Injective, took only 40 hours to reach quorum with 100% approval. The analyst explained that the upgrade will enhance interoperability, making it easier to transfer assets between networks and strengthen ecosystem integration.
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It is worth noting that the effect of this collaboration has not been reflected in FET’s price as the crypto asset continues to consolidate. However, users are optimistic about the momentum buildup. The analyst believes a Bitcoin breakout would trigger a bull run that would help the altcoins fulfill their potential.
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