Can INJ Conquer $50 By 2028?

Injective (INJ) is a Layer-1 blockchain that is built for finance. It powers next-generation DeFi applications, including decentralized spot and derivatives markets and lending protocols.

It provides a fast, cross-chain, low-fee, and secure infrastructure for building and running DeFi applications. Also, It offers a layer-1 smart contract blockchain, unlimited DeFi applications, cross-chain trading and yield generation.

Injective Price Prediction 2023-2028: Can INJ Conquer $50 By 2028?

Injective price is suffering rejection from the upper levels indicating the presence of bears at the upper levels. Earlier, the bulls took over the trend control and hiked the price from a low of $6.5 to a high of $19.3 in the past two months. The price registered a surge of nearly 300% in the past 2 months.

It had a 24-hour trading volume of $71.3 Million with a drop of 10.19% as compared to the previous day. At press time, the market cap was $1.317 Billion and was ranked 44th among the top cryptos. The volume-to-market cap ratio is 5.48% indicating low volatility in the market.

Injective Price Prediction November 2023

The daily INJ/USD chart illustrates that the price experienced significant gains in recent weeks. The bulls have been dominating in the last few weeks which has resulted in a price gain.

The INJ price is up nearly 300% in the past 2 months and is up by over 1135.64% on a year-to-date basis indicating an optimistic outlook for the future.

The price prediction for November 2023 showcases a neutral to bullish outlook indicating an upside potential of nearly 24.88%. The price may reach $19.66 by November end.

Injective Price Prediction 2023

The weekly chart showcases that the INJ price is following an optimistic trajectory and nearing a major supply zone at $20. The upward trajectory may halt if enough selling volume accumulates near the supply zone.

Optimistic analysts expect that the INJ price may reach a high of $21.37 by year-end, indicating an upside potential of 36.38% from the present price. The minimum price target which the price may reach is $10.65.

Injective Price Prediction 2024

As per the analysts, the most optimistic target that the Injective price may achieve is $27.08 indicating an upside potential of 74.59% from the CMP. The average analyst price target is $22.7 by the end of 2024. However, the pessimistic view of analysts expects the price to reach $18.92.

Injective Price Prediction 2025

Over the next three years, the INJ price may reach a maximum of $37.79 as per the most optimistic estimates of the analysts. The price may surpass $28.65 according to the average forecast of analysts. The minimum forecasted price by the end of 2025 is $24.77.

Injective Price Prediction 2026

The INJ price may reach a high of $44.10 if a positive trend prevails for the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $36.8 by 2026.

Injective Price Prediction 2027

According to the analysts’ price prediction for the year 2027, the most optimistic view estimates a price target of $52.77. The minimum price target that the INJ crypto may achieve by 2027 is $43.57.

Injective Price Prediction 2028

The price forecast of Injective crypto shows that it may reach a high of $63.60 by 2028 if the most optimistic condition prevails. On the other hand, the minimum target that the price may achieve is $49.88.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts round the clock, and is a strong advocate for women in STEM.