Several analysts are pointing to INJ as an appealing altcoin for investment in the near future, considering its remarkable growth of over 3000% in 2023 during the much-awaited crypto bull run. The positive sentiments surrounding INJ have gained further strength due to a string of favorable developments within the Injective network. Notably, Injective achieved a significant milestone by registering 2.4 million transactions in a single day, thereby setting a new record for daily transactions on the Layer-1 network.