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See the live Injective Protocol price in EUR. Buy Injective Protocol or add it to your Crypto Strategy.

Injective Protocol

INJ

INJ to EUR Price

€19.94

Injective Protocol Market Cap

€1.86B

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INJ EUR price chart / performance

INJ EUR price chart / performance

From
Jun 16, 2024
To
Jun 23, 2024
Past performanceis not indicative of future results. EUR (€) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
+0.65%
Return (7D)
-15.21%
Return (1M)
-21.38%
Return (1Y)
+205.13%

My Investment

My Investment

Profit Taken
€0.00
0.00%
You Have:
€0.00
Unrealised P/L
€0.00
0.00%

Injective Protocol (INJ) History and Overview

Injective Protocol (INJ) History and Overview

Injective Protocol (INJ) stands as a groundbreaking decentralized exchange (DEX) platform, merging the realms of cross-chain margin trading, derivatives, and forex futures trading into a cohesive ecosystem. Developed atop the Cosmos blockchain as a Layer 2 application, Injective Protocol sets itself apart by facilitating access to cryptocurrencies across diverse platforms like Ethereum and Polkadot, courtesy of its innovative cross-chain bridges. The live Injective Protocol to EUR conversion is € 19.94.

At the heart of Injective Protocol's inception are founders Eric Chen and Albert Chin, whose vision was to blend the efficiency of traditional financial markets with the transparency and decentralization of blockchain technology. Chen brings a finance background from New York University's Stern School to the table, while Chin contributes his expertise as a software development engineer from Stanford University. Together, they have propelled Injective towards achieving significant milestones, backed by substantial investments from industry giants such as Pantera Capital and Mark Cuban.

INJ crypto differentiates itself from traditional DEXs, which typically rely on Automated Market Makers (AMM) for liquidity, by adopting the order book model used in centralized exchanges. This strategic choice not only caters to users accustomed to traditional trading environments but also aims to enhance market efficiency across the board.

A key innovation within the Injective ecosystem is its approach to transaction fees. Unlike other platforms where traders bear network gas fees, Injective Exchange imposes standard market maker and taker fees, payable in INJ coins. These coins further serve as the governance token and staking mechanism, reinforcing the security of Injective's Proof of Stake blockchain.

The Injective Protocol is composed of several integral components that support its functionality and development. The Injective Chain, built on Cosmos, facilitates the trading and transferring of Ethereum tokens, aiming to overcome the scalability and throughput issues faced by many Layer 1 blockchains. It includes functionalities for auctions, exchange operations, insurance backing, oracle services for real-world data pricing, and Peggy for bridging assets to the Ethereum blockchain.

The Injective Exchange, based on the 0x protocol, is an order book model exchange that has been made fully open-source to foster transparency. It incorporates a Trade Execution Coordinator (TEC) to eliminate the possibility of trade front running, ensuring fairness in trade execution.

Injective Hub serves as the central dashboard for users to interact with the Injective ecosystem. Here, users can stake their INJ tokens to participate in network validation or delegate their tokens to validators and earn rewards. The hub also serves as the platform for community members to propose and vote on changes, influencing the future direction of Injective Protocol.

The INJ token is pivotal to the Injective ecosystem, providing a multitude of utilities that contribute to its value. It enables token holders to stake their INJ for network security, participate in governance decisions, and earn rewards. Relayers who originate orders are incentivized with a portion of the trading fees in INJ, encouraging liquidity and participation. Additionally, a mechanism is in place to burn a portion of exchange fees, introducing a deflationary aspect to the INJ supply and potentially enhancing its value over time. INJ also finds utility as margin and collateral within the derivatives market, underscoring its multifaceted role within the platform. The current price of 1 INJ in EUR is € 19.94.

How To Buy Injective Protocol or Add it to your Strategy

The fastest, most convenient way to purchase Injective Protocol is to purchase it on ICONOMI. We check Injective Protocol live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Injective Protocol by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Injective Protocol is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Injective Protocol, we recommend you read the next section, as copying might be a better approach.

Add Injective Protocol to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Injective Protocol in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Injective Protocol INJ. See all Injective Protocol price predictions in real time and make the best use of their crypto knowledge.

Diversitas
20 Jun, 2024

Example Chart:


Here is the $INJ chart as an example👇 As you can see, the approach isn’t perfect (no algorithm is), but with adjusted sensitivity levels, we came very close to perfection. It will allow us to capture most of the upside while significantly limiting the downside👌

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18 people like this

@Silver Thank you! 🙏 To stay on top, continuous improvements are the key. If you don't keep evolving, you risk falling behind.

Very interesting new experiment. Kudos for keeping evolving even while one of the most successful strategies.

Divine Investing
13 Jun, 2024

Quick update, our last rebalance is looking quite good currently, $INJ seems to be waking up a bit. $BTC is still consolidating/is in a $60-70k range. We remain bullish in the short to mid-term, especially up to the US election in November. There have not been any major changes in the crypto market in the past ~3 months, that's why we have not been posting as much lately, because there is not much to analyze. No changes in the portfolio for now.


Yesterday $BTC went up to almost $70k because of a lower Consumer Price Index (CPI) print than expected, meaning that inflation was lower than the market anticipated, but afterwards the FED chair Jerome Powell had a FOMC speech and this is when the sentiment shifted a bit, because he hinted at less rate cuts than the market was pricing in. All in all until we are in $60-70k range we can just wait patiently.

6 people like this
GoldenFibs
12 Jun, 2024

Lovely action from $INJ in the golden pocket marked in green, the next resistance in orange will represent an 80-100%+ gain form box to box.

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One person likes this

Strong day for $INJ! It joins the club of our alts that are outperforming $BTC since our last rebalance.


$INJ , $RUNE , $ETH , $SOL , $LINK , $LDO are doing our performance a great service.


🚀🚀🚀🚀

5 people like this

3/3

Detailed Analysis of the Second Correlation Table:


Overview:

The second table shows the correlation between different sectors and market indices. The sectors are:


Blockchain Infrastructure sector: Includes $SOL , $AVAX , $NEAR , $ICP , $FTM , $IMX , $STX , $INJ


Infrastructure Applications sector: Includes $AR , $FET , $JASMY , $AGIX , $RNDR .


Market Indices: TOTAL, TOTAL2, TOTAL3, TOP 10 (TOTAL-OTHERS), OTHERS.



Key Observations:

Correlation with Market Indices:

TOTAL and Blockchain Infrastructure sector: 77.14% correlation.

TOTAL and Infrastructure Applications sector: 92.54% correlation.


Intra-Sector Correlation:

High correlation within the Blockchain Infrastructure sector (above 84%).

Lower correlation within the Infrastructure Applications sector (below 80%).


Sector Analysis:

Blockchain Infrastructure sector: Moderate correlation with market indices suggests some diversification benefit.

Infrastructure Applications sector: High correlation with market indices indicates significant market trend dependency.


Risk Diversification:


Blockchain Infrastructure sector: Moderate correlation with market indices makes it useful for diversification.

However, high intra-sector correlation suggests these assets tend to move together.


Infrastructure Applications sector: High correlation with market indices implies these assets are more susceptible to market trends. However, lower intra-sector correlation provides some intra-sector diversification.


The combination of assets from the Blockchain Infrastructure and Infrastructure Applications sectors can provide a balanced portfolio with a good mix of diversification and market exposure. For example, combining assets like SOL (Blockchain Infrastructure) and AR (Infrastructure Applications) may reduce overall portfolio risk.



This is a small part of what I do behind the scenes.

Good luck!


🔵 Mr Jaradat Portfolio

A systematic strategy based on my mathematical model to determine the optimal position for taking additional risks, which is mainly based on the analysis of the trend, momentum and correlation of the assets in this crypto strategy with market indices.


Exposure in [Risk-on] mode

▪️ Blockchain Infrastructure sector 50%

▪️ Infrastructure applications sector 50%


Exposure in [Risk-off] mode

▪️ Blockchain Infrastructure sector 25%

▪️ Infrastructure applications sector 25%


🔵The Strategist

@MomenJaradat

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4 people like this

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Injective Protocol Price FAQ

What Is the Highest Price of Injective Protocol (INJ) in EUR?

Injective Protocol (INJ) price history shows the highest value of 47.35 EUR . We recorded this price on March 13, 2024, but we cannot exclude that a higher price was registered before February 15, 2021.

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