- Injective Token (INJ) price prediction ranges from $1.092 to $5.323
- Analysis suggests that the INJ price might reach above $10 soon.
- The INJ bearish market price prediction for 2023 is $0.7448.
If you want to diversify your holdings and get experience with different cryptocurrencies, there are several alternative digital currencies to explore besides Bitcoin (BTC) and Ethereum (ETH). Injective Token (INJ) is one of them.
The Injective Protocol is a decentralized exchange (DEX) for perpetual swaps, futures contracts, margin trading, and spot trading. Injective Protocol, unlike other DEXs (such as UniSwap and SushiSwap), does not use an automated market maker (AMM), but instead relies on order book relayers (also known as order matchers) to manage liquidity.
The protocol also allows for the execution of generic smart contracts using a modular version of the Ethereum Virtual Machine (EVM) built on top of the Cosmos-SDK (based on Ethermint). Injective Protocol intends to decentralize cryptocurrency trading and address concerns such as order collusion and front-running.
If you are interested in the future of Injective Token and want to know their predicted value for 2023, 2024, 2025, and 2030 – keep reading!
Injective Token (INJ) Market Overview
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What is Injective Token (INJ)?
Injective’s native utility token, or INJ, is a cryptocurrency. Staking on the PoS network, token burn auctions, and other governance functions need INJ, making it a rare asset. Since 60% of all dApp fees are auctioned off weekly via a buyback and burn mechanism, the burn auctions on Injective are one of a kind. Thus, the availability of INJ might be drastically reduced over time. The INJ burn auction is one of a kind since it contributes to the overall Injective ecosystem’s value growth. At this time, Injective’s token burn ratio is the highest in the business.
Protocol management, decentralized application (dApp) valuation, Proof-of-Stake (PoS) security, staked development, and incentive programs are all areas where INJ might be used.
Injective offers a cutting-edge, CosmWasm-based smart contract platform with superior interchain features. Injective was developed from the ground up using the Cosmos software development kit (SDK). It uses a Proof-of-Stake consensus mechanism based on Tendermint, allowing for quick transaction settlement and the capacity to maintain high transaction throughput (10,000 TPS).
Over one hundred projects and over one hundred fifty thousand people make up the global Injective community. Investors, including Binance, Pantera Capital, Jump Crypto, and Mark Cuban have put their weight behind Injective.
For developers looking to create DeFi apps on top of the Injective blockchain, Injective offers the most cutting-edge, next-generation financial infrastructure available. Users may gain access to these apps in a manner that is entirely decentralized, quick, cross-chain, low-fee, and safe.
The proof-of-stake (PoS) consensus algorithm used by the Injective Protocol blockchain is based on Tendermint. Reputable validators contribute to not only the decentralization and security of the network but also its stability. Instant transaction settlement and a 99% carbon footprint reduction are possible because of Injective’s consensus process.
Injective Token (INJ) Current Market Status
At the time of writing, Injective Token(INJ) was ranked 122 by market cap on CoinMarketCap, with a value of $290,395,853. This means there are currently 73,005,554 INJ coins in circulation. The 24-hour trading volume for INJ is $30,992,173, 23.57% less than the previous day. However, Injective Token (INJ) has gained 1.42% of its value over the past 24 hours.
Binance, Kucoin, Coinbase, Gate.io, and Huobi Global are now the best locations to buy and trade INJ.
Injective Token (INJ) Price Analysis 2023
Will INJ’s most recent improvements, additions, and modifications help the INJ price rise? First, let’s focus on the charts in this article’s INJ price forecast.
Injective Token (INJ) Price Analysis – Keltner Channel
When the price of an asset is displayed between two bands representing its volatility, the Keltner Channel may be used to discover a trend. The INJ/USDT Keltner Channel indications may be used to predict the future trend of the INJ price. Since INJ’s price is in the first half of the Keltner Channel, an uptick in the stock’s price is likely. Investors who want to maximize gains with minimal risk should wait for many candlesticks to form before acting.
Injective Token (INJ) Price Analysis – Relative Strength Index
The 1-day chart shows an RSI value of 51.23. Currently, as the RSI value is above 50, it suggests that more buyers are loading INJ than selling it. However, investors can consider a few confirmation candlesticks and patterns for a better risk-to-reward ratio before buying or joining the trade.
Injective Token (INJ) Price Analysis – Moving Average
The 1-day chart above shows 200-day and 50-day Moving Averages (MA). At the time of writing, the chart above shows that INJ is now trading above the 50-day moving average since the mid-week of March 2023.
There is a gradual approach by INJ to the 200-day moving average in the candlesticks’ behavior. However, the 50-day MA is interjecting INJ’s approach, hence, there’s a possibility of it rebounding on the 50-day MA.
But, if the 50-day MA cannot hold INJ then it might seek the assistance of the 200-day MA. As such investors should be vigilant about price movements.
Injective Token (INJ) Price Prediction 2023
From the chart above, we can observe that the price of Injective Token (INJ) has been on a bull run since July. It has been making higher highs and higher lows. When observed closely, we could find that INJ rose almost exponentially.
If INJ continues to keep up the exponential rise it could break Resistance 1 ($5.049) and reach Resistance 2 ($7.635). However, if the bears dominate the market, INJ could seek support at the temporary resistance at $2.845 and may rebound. In the event the support at $2.845 fails to hold INJ, then it could land on support at $1.219.
Meanwhile, our long-term INJ price prediction for 2023 is bullish since it might break many psychological resistances. We can expect INJ to reach $10 this year.
Injective Token (INJ) Price Prediction – Resistance and Support Levels
This bullish chart shows that the price of INJ has increased by 0.433% in the last 24 hours. If this price increase continues, INJ could break Resistance 1 at ($5.049) and move higher to Resistance 2 at ($7.635) and even higher.
However, if sellers have their way, the price of INJ might be dethroned from its present uptrend position. In simpler terms, INJ might break below the $1.092 support level, and even lower in 2023, if it was to go through a bearish signal.
Injective Token (INJ) Price Prediction 2024
There will be Bitcoin halving in 2024. Hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect INJ to trade at a price not below $10.306 by the end of 2024.
Injective Token (INJ) Price Prediction 2025
We should expect INJ to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving of the previous year. Hence, INJ could end 2025 by trading at around $15.129
Injective Token (INJ) Price Prediction 2026
Since the maximum supply of INJ has already been accumulated, it is possible that the bearish market that follows a strong bullish run will have little impact on its previous price due to the entrance of more institutional investors to its platform. With this, the price of INJ could break the normal trend and trade at $21.638 by the end of 2026.
Injective Token (INJ) Price Prediction 2027
Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of INJ could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Hence, INJ could trade at $25.324 by the end of 2027.
Injective Token (INJ) Price Prediction 2028
In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain a higher high value. Injective Token (INJ) could hit $33.245 by the end of 2028
Injective Token (INJ) Price Prediction 2029
By 2029, there could be a lot of stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of INJ to $39.323 by the end of 2029.
Injective Token (INJ) Price Prediction 2030
The cryptocurrency market experiences high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Injective Token (INJ) to trade at around $47.126 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the previous years.
Injective Token (INJ) Price Prediction 2040
According to our long-term INJ price estimate, the token prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $80 by 2040. If the market becomes bullish, the price of INJ may increase beyond our 2040 forecast.
Injective Token (INJ) Price Prediction 2050
According to our INJ forecast, the average price of INJ in 2050 might be above $130. If more investors are drawn to INJ between these years, the price of INJ in 2050 could be far higher than our projection.
Conclusion
As said above, INJ might reach $10 in 2023 and $47.126 by 2030 if investors have decided that Injective Token (INJ) is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Injective’s native utility token, or INJ, is a cryptocurrency. Staking on the PoS network, token burn auctions, and other governance functions all need INJ, making it a rare asset. Since 60% of all dApp fees are auctioned off weekly via a buyback and burn mechanism, the burn auctions on Injective are one of a kind. Thus, the availability of INJ might be drastically reduced over time. The INJ burn auction is one of a kind since it contributes to the overall Injective ecosystem’s value growth. At this time, Injective’s token burn ratio is the highest in the business.
Protocol management, decentralized application (dApp) valuation, Proof-of-Stake (PoS) security, staked development, and incentive programs are all areas where INJ might be used.
INJ can be traded on many exchanges like other digital assets in the crypto world. Binance, Kucoin, Coinbase, Gate.io, and Huobi Global are currently the most popular cryptocurrency exchanges trading INJ.
Since INJ provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2022. Notably, INJ has a high possibility of surpassing its current ATH in 2027.
INJ is among the few active crypto assets that continue to rise in value. As long as this bullish trend continues, INJ might break through $7.097 and reach as high as $10, provided the current market-favoring crypto continues. It is quite likely to happen.
INJ is expected to continue its upward trend as INJ of the fastest-rising cryptocurrencies. We may also conclude that INJ is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.
The lowest INJ price is $0.6557, attained on November 3, 2020, according to CoinMarketCap.
INJ was launched in 2018.
Eric Chen co-founded INJ.
The maximum supply of INJ is 100,000,000 INJ.
INJ can be stored in a cold wallet, a hot wallet, or an exchange wallet.
INJ price is expected to reach $6.685 by 2023.
INJ price is expected to reach $10.306 by 2024.
INJ price is expected to reach $15.129 by 2025.
INJ price is expected to reach $21.638 by 2026.
INJ price is expected to reach $25.324 by 2027.
INJ price is expected to reach $33.245 by 2028.
INJ price is expected to reach $39.323 by 2029.
INJ price is expected to reach $47.126 by 2030.
INJ price is expected to reach $80 by 2040.
INJ price is expected to reach $130 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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