Injective is a blockchain for finance that supports various DeFi applications and markets. It has a decentralized on-chain orderbook, cross-chain bridging, and MEV-resistance. It uses a Proof-of-Stake consensus mechanism to provide instant transaction facilities and can sustain lightning-fast performance (over 10,000 transactions per second).
INJ coin ranks 44th among all the cryptos in terms of market capitalization. The current market cap of Injective is $1.17 Billion. It has a trading volume of $94.74 Million in the past 24 hours with a surge of 16.95%. The total circulating supply of Injective is 83.755 Million. The volume to market cap ratio is 7.94% indicating mild volatility.
Injective price added another 5.41% in the last 24 hours to currently trade at $14.04. The bulls are dominating the price trend and it lifted off over 80% in the past two weeks. The Injective crypto price is headed towards an all-time high of $25.01 which was formed 3 years ago.
Injective Price Prediction November 2023
The price trend analysis over the weekly chart suggests a bullish outlook. The Injective price is up by over 2007% from an all-time low and down by 44.7% from an all-time high. The weekly chart shows the formation of strong bullish candles in the past two weeks. The price has gained over 80% in the last two weeks.
However, the price seems to be nearing a supply zone due to which the upward momentum has gotten weaker this week. Moreover, the price has already stretched in the past two weeks and needs a consolidation to sustain the current level and surge thereafter.
The price prediction for November witnesses a hurdle of $15 on the upside the breakout of which may take the INJ crypto near the $20. If the sellers dominate near the supply level, the price may fall back to the $10 level.
The technical indicators are showing a strong bullish outlook. The Injective price trades above the 50-day EMA making it a dynamic support. The RSI indicator shows that the price has entered an overbought zone signaling a possible selloff may trigger in the crypto price.
Injective Price Prediction 2023
In recent months there has been a price hike in the crypto market. Be it Bitcoin or Altcoin all have experienced a gain alternately. However, the overall crypto market peaked in November 2021. It has been observed in recent weeks that the crypto prices are gaining one by one and changing the overall trend.
The price prediction of the Injective crypto for the Year 2023 has a wide range of outlooks. The most optimistic outlook expects the price to reach a high of $29.9 surpassing an all-time high. It indicates an upside potential of nearly 100% from the current market price.
The average price outlook of the analysts expects the price to reach an all-time high of $25.01 by the end of the year 2023. On the contrary, the most pessimistic outlook of the analysts may see a drop of 10-20% from the current price which may drag it near the $12.29.
Injective Price Prediction 2024
The price of Injective crypto may reach a high of $35.49 by the end of year 2024 if the world economy recovers strongly and interest rate decreases. Currently, the world market fears recession as a result interest rates are higher.
Moreover, if the problems continue to prevail and recession fear rises the price may be able to reach $29 by the end of next year. The average price target of the analysts expects the price to hover near $32 if situations remain the same as of now.
Injective Price Prediction 2025
The most optimistic analyst forecast for the year 2025 targets a price of $49.8 with a potential of over 300% from the current market price. The minimum price up to which the Injective price may reach by the end of year 2025 is $40. The average analyst’s target expects the price to reach $45 by the end of year 2025.
Injective Price Prediction 2026
According to the most optimistic view of analysts, the Injective price may hike up to $61.91 by the end of the year 2026. The minimum price target by the end of year 2026 is $51.8.
Injective Price Prediction 2027
The most optimistic price up to which the Injective crypto may reach by 2027 is $64.7 as per the analysts. On the contrary, the pessimistic view of analysts expects the price to surge above $53. The average analyst’s price prediction estimates the price to reach $59.7.
Injective Price Prediction 2028
The most optimistic view of analysts observes an upside potential of over 500% by 2028. It could take the price to a high of $74.5. The most pessimistic analyst expects a surge of nearly 350-400% taking the Injective crypto price near $62.1.
However, the price depends on the current market situation and may vary as per the changes in the world economy. The crypto market is evolving and has the potential to grow which may lead to a positive impact on the Injective crypto price in the long run.
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.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/11/02/injective-price-prediction-2023-2024-2028-when-will-inj-reach-50/