Injective (INJ) price has risen for six consecutive days, its longest winning streak of 2024. It rose by over 12% on Wednesday, making it the best-performing top 50 cryptocurrency. 

INJ rally started on July 5th after it tumbled to $16.93 as Bitcoin and other altcoins dropped sharply. It has risen by over 54% from its lowest point this month as the sentiment in the industry improved.

Bitcoin has retested the crucial resistance at $65,000 while the crypto fear and greed index has moved from the fear zone of 38 to 58. 

Injective’s developer activity is rising

Another potential catalyst for Injective has been the increase in developer activity in the ecosystem. Data shows that the average number of weekly commits has risen to over 700 in the last seven weeks straight. Before …