The Relative Strength Index for INJ is at 50 on the daily chart, indicating low buy order volume. INJ must break and hold above the resistance at $1.9 to form a support for the price of INJ to have a chance to trend higher. Cointree provides a comprehensive (/learn/) to turn you from a beginner buying their first Injective Protocol, to an expert holding a diversified portfolio of cryptocurrencies. Buy Injective Protocol with confidence knowing that you’re using an AUSTRAC regulated Australian exchange that’s been operating since 2013 and is protected with bank-level encryption. The market capitalization of Injective Protocol is equal to the value of Injective Protocol multiplied by the number of INJ in circulation.

In addition to its speculative nature, INJ also offers exposure to a global technology and an ever-growing ecosystem. In five years, Injective Protocol will have a minimum price of $57.75 and a maximum price of $46.04 per INJ. Since Injective Protocol is traded on a supply-and-demand basis, its value fluctuates drastically. Thus, we think that similar parts of the market were quite popular at that period.

Injective Protocol Price Prediction 2023, 2025, 2030 : What will INJ be worth?

According to the latest data collected, the trading volume of Injective Protocol is increased from 4 months. Injective Protocol is facing a hard time getting on board with other crypto coins. The coin is still showing risking framing segments for past few days, the coin might have strong fundamentals but, we don’t think that it would a profitable asset in short term. According to the latest data gathered, the current price of Injective Protocol is $8.31 and INJ is currently ranked #166 in the entire crypto ecosystem. The circulation supply of Injective Protocol is 43,653,971 with a marketcap of $362,747,690.

If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions. As well as being incubated by Binance Labs, Injective Protocol is also backed with $3 million in funding from noted blockchain investors Pantera, Hashed and others. Injective gives you the freedom to create and trade on any derivatives market of your choosing. Earn cross-chain yield on Ethereum, Cosmos and other decentralized networks. It has a circulating supply of 65 million INJ coins and is ranked #132, current Injective Protocol market cap is $208.9 million. Injective Protocol All time high price is $22.93, it was 1 Year and 9 Months Ago, For the previous 52 weeks, the lowest and highest value for Injective Protocol was $1.13 and $9.72.

Compared to other crypto coins which started the same year as Injective Protocol it has above-average trading volume, average volume for the other 804 coins started in 2020 is $5M while INJ has $51M. Coin Insider is the authority on bitcoin, ethereum, ICO and blockchain news; providing breaking newsletters, incisive opinions, market analysis, and regulatory updates. The total dollar value of all Injective Protocol transactions over the past 24 hours. The 90 days price change is around 78.27% and the price circulated from a minimum average price of $1.69 to maximum average price of $1.94 in the past 90 days.

How do you cash out INJ tokens?

The average price of Injective Protocol might go to $11.61 by the end of this year. If we estimate the five-year plan, it is estimated that the coin will easily reach the $47.41 mark. View the total and circulating supply of Injective Protocol, including details on how the supplies are calculated. There are countless ways to analyze crypto performance and make a buying decision.

The effects of these endorsements on crypto prices cannot be overstated. In fundamental analysis, you examine economic, financial, political, and social factors that influence prices. You collect information about interest rates, gross domestic product, manufacturing data, and unemployment rates to make informed predictions about stock prices. Before buying any cryptocurrency, it’s worth doing your homework.

Any number of things could affect INJ’s value in the future, including changes to regulation, the rate of adoption by retail and institutional investors, and technological developments. Because unknown future events can affect the price, it is impossible to make a precise forecast. The INJ exchange rate sometimes moves with or in response to changes in the wider economy. For example, many cryptos made impressive gains in 2020 while economies around the world suffered due to the COVID-19 pandemic.

This could be due to people turning to crypto in the face of weakened national economies. Currently, Injective Protocol offers its users more than just standard token swapping. The fact that they allow users a wider variety of options to invest in only adds to the appeal of the project. With all that being said, remember that the crypto world can be extremely volatile so it is no large surprise that experts are divided on the future of the platform.

• In five years, Injective Protocol will have a minimum price of $57.75 and a maximum price of $46.04 per INJ.
• World currency prices are based on rates obtained via Open Exchange Rates.
• If another extended rally, it should test the next major resistance level at $4.56.

Plus, tracking of your portfolio performance can be done with ease. The Injective Protocol market cap is $178 with a maximum supply of $100m. The current price of Injective Protocol multiplied by its current circulating supply.

Get the latest cryptocurrency news directly in your inbox.

For example, with many cryptos, dramatic price drops and periods of high volatility have been followed by a sustained rise to new highs. There’s no guarantee that the pattern will be sustained in the future, but if it has been consistent in the past, it’s worth considering. If you’re considering a purchase, take a moment to check out Kriptomat’s Recurring Buy program. This innovative portfolio-building service allows you to schedule automatic purchases on a weekly, bi-weekly, or monthly schedule. Many financial advisors recommend this strategy for building value in an investment portfolio. Recurring buys tend to moderate the effects of cryptocurrency price volatility.

We have coin market data from 01 Dec 2020, the lowest rate was on Jul 2022, 6 months ago it worthed $1.19. The Best year in which Injective Protocol value increased the most was 2021 INJ value jumped from $4.07 to $24.63. The Worst year in which the price declined from $8.25 to $1.13 is 2022. The Injective Protocol decentralized protocol allows users to trade on a decentralized exchange.

Content may not always be entirely accurate, complete or current. Injective Protocol is a decentralised exchange designed for trading derivatives across layer-1 blockchains. It makes DeFi more accessible to everyone, providing layer-2 speed, decentralised protocol governance, low network latency, full decentralisation, and no gas fees. For advanced users, it offers futures trading, synthetics, cross-chain margin trading, and derivatives.

If anyone from the community wants to make a proposal they will need to have at least 1% of the INJ total supply. Keep in mind that each holder’s voting power is proportional to the amount of tokens they are holding. Kraken has agreed to shut its cryptocurrency-staking operations to settle charges with the U.S. Securities and Exchange Commission , according to an industry source briefed on the matter.

Injective Protocol Token Sale

The token rose to a high of $25.01 on April 30, 2021, just as the crypto market swelled to an all-time high. The token’s price was volatile for the rest of 2021 but trended downward. INJ slumped even further in May 2022, when it fell to lows of $1.55. Market cap is calculated by multiplying the asset’s circulating supply with its current price. Deposit crypto to our exchange and trade with deep liquidity and low fees. An intuitive platform built for our members, featuring 100’s of coins and thousands of trading pairs.

Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents. Circulating supply shows the number of coins or tokens that have been issued so far. The total dollar value of all transactions for this asset over the past 24 hours.

Lastly, there are Injective Futures which is a peer to peer protocol which makes perpetual swaps possible, and supports CFD trading. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure inj coin price to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Disclaimer – Information found on our website is not a recommendation or financial advice. Our website and marketing collateral use reference rates as an indicator only and should not be used for decision making.

In the past 24 hours, the crypto has been decreased by 0.42% in its current value. If we compare the current market cap of the INJ with yesterday’s, you can see that the market cap is also down. Technical analysis is valuable in crypto investing even if you don’t have access to years of historical price data in the Injective Protocol chart.

In year 2024, Injective Protocol will be worth about an average price of $16.38. The INJ price is expected to reach a maximum level of $13.65 at the end of 2023. If you’re https://cryptolisting.org/ looking for Injective Protocol price predictions/forecast for 2023, 2024, 2025, 2030 and want to know where the prices of Injective Protocol will go in the future?

Injective is a layer-2 decentralized exchange protocol designed to avoid the issues of network congestion and high transaction fees that are slowing down the growth of the DeFi sector. Built on the Tendermint consensus protocol, Injective enables decentralized cross-chain trading of derivatives such as futures contracts and perpetual swaps. Injective price is $3.21, down -11.30% in the last 24 hours, and the live market cap is $250M. It has circulating supply volume of 100,000,000 INJ coins and a max.

Gerber Kawasaki Director of Get Invested Brett Sifling shares his analysis. Holders can vote on how the protocol is run; proposals can, for instance, alter the parameters of its decentralized exchange module, decide on new market listings and upgrade the protocol’s software. For more information on digital asset risk see FINRA, SEC, and CFPB public advisories. SoFi will apply a markup of up to 1.25% for each crypto transaction.