Injective Protocol Price Prediction 2023-2030: Can Injective Protocol Reach $1000?
Article Coverage: Performance summary, Latest Injective news, short term analysis including Technical Analysis, Injective Price Prediction Today, Latest Video, Is Injective a Good Investment, Injective Price Prediction 2023, 2025 and 2030, Can Injective protocol reach $1000, Where can I buy INJ tokens.
Latest Injective Crypto Price
Injective Protocol Price Performance
|Last 7 Days||+11.1%|
|Last 1 Month||+10.0%|
|Last 12 Months||+296.0%|
|Since Launch (2020)||+680.3%|
Total Number of Holders: 17.46k, Retail Investors hold 10.4% of the Circulating Supply.
- Last 7 days: 0.0%
- Last 30 days: -2.3%
Helix has introduced Pre-Launch Futures, a product built on Injective that allows traders to engage in futures trading for tokens not yet officially launched. This opens markets usually reserved for early contributors and VCs to the general public. The first token to be featured in this offering is Celestia (TIA), making Helix the first exchange to provide public access to TIA futures.
Last week, Injective achieved several milestones including reaching 300 million on-chain transactions and hitting a trading volume of $1 million on both ProtocolTalis and Levana Protocol. Additionally, Injective integrated with Dagora NFT Marketplace released the Injective Mainnet Faucet through Bware Labs, introduced a new NFT Launchpad called InjMarket, and saw Helix list the first Axelar ($AXL) perpetual market.
Injective Price Prediction Today, Tomorrow and Week
- Injective Price Prediction in the next 24 hours is between $18.9 and $20.2
- Injective Price Prediction this week is between $15.9 and $21.4
|1. Market's Wisdom||Partially Bearish|
|1a. Market Data||Partially Bearish|
|1b. Technical Recommendation||Neutral|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Lower|
|2b. Social Media Sentiment||Higher|
Injective Price Prediction 2023, 2025 and 2030, Aggregated
- Injective Price Prediction 2023 is $13.0
- Injective Price Prediction 2025 is $24.3
- Injective Price Prediction 2030 is $110.6
Injective Price Prediction: Can Injective Protocol Reach $1000?
In order for Injective to reach $1000, it would need to increase by a factor of 121. At $1000, INJ’s Market Cap will be $83.7 Billion. If INJ were to grow at a rate of 25% each year, it would take about 22 years to reach $1000. Let us evaluate this data
- Quality of Investment- Moderate
- Growth required to reach $1000- Feasible (Example: Bitcoin was priced at $0.1 in October 2010. 12 years later, It is 22000 times higher)
- Market Cap at $1000- Not Feasible
- Time required to reach $1000 if it were to rise at 25% per annum- Not Feasible
Considering the criteria Quality of Investment, growth required and time required, INJ has a low to moderate chance of reaching $1000.
Injective Price Prediction: Is Injective Protocol a Good Investment?
Injective is a platform that allows the development of powerful Defi applications. It is built with Cosmos SDK and uses a proof-of-stake consensus algorithm (which is Tendermint-based). Thus, it allows instant transaction facility and maintains the lightning speeds which is over 10,000 TPS.
Furthermore, Injective is interoperable with many Layer 1 platforms such as Ethereum, Polygon, Solana etc. Hence, it is one of the first networks within Cosmos Network that support Ethereum-based assets.
- Injective platform allows developers to build cross-chain Defi applications having instant finality.
- Defi applications built using the Injective network have fast transaction times.
- The platform allows its users to access numerous dapps built on injective with zero gas fees.
- It allows all forms of financial markets including perpetual, futures, options and spot trading.
- Its ecosystem has more than 100 projects and more than 150,000 community members all over the globe.
- Injective’s prominent investors include Binance, Mark Cuban, Jump Crypto and Pantera Capital.
- The platform is eco-friendly i.e., its Tenderming-based PoS consensus mechanism facilitates a 99% lower carbon footprint.
The Injective network facilitates the next-generation financial infrastructure to build decentralized finance applications and the users can access those applications in a very secure manner. Furthermore, it can achieve very fast speed with zero gas fees.
INJ is the native token of the Injective ecosystem and the token has a maximum supply of 100,000,000 tokens out of which 73,005,554 INJ tokens (which is around 73% of the total supply) are already in circulation.
INJ token is deflationary i.e., 60% of the fees that come from developing dapps on the Injective platform are burnt every week, making INJ’s supply decrease over time. The following are the primary use cases of INJ crypto:
- Users can use their INJ tokens for staking and earn rewards in return.
- INJ token holders can participate in the governance of the platform via voting mechanisms.
Summary: While any user can build a Defi application over the top of the Injective blockchain, the market is very competitive with such platforms that allow the development of Defi applications. Therefore, Injective appears to be a moderate investment option.
Also read: Threshold Price Prediction
Injective Protocol Price Prediction: Where Can I Buy Injective Crypto?
INJ tokens can be bought from various major centralized and decentralized crypto exchanges such as Binance, KuCoin, Coinbase Exchange, Kraken, Huobi, Gemini, Gate.io, Crypto.com, Poloniex, WazirX, PancakeSwap, SushiSwap, and Uniswap.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.