Injective (INJ) May Be Overvalued, On-Chain Metrics Suggest

In the last week, the price of INJ, the token that powers Injective, has risen by almost 10%.  While the price rally might indicate a shift in market sentiment from bearish to bullish, a key metric reveals that it has been driven by speculative buying activity. Injective Traders May Soon Begin Selling For Profit An assessment of INJ’s Price-Daily Active Address (DAA) Divergence... source: https://beincrypto.com/injective-overvalued-on-chain-metrics-suggest/