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Injective Protocol

INJ

INJ to EUR Price

€41.13

Injective Protocol Market Cap

€3.84B

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INJ EUR price chart / performance

INJ EUR price chart / performance

Risk warning|
From
Feb 24, 2024
To
Mar 2, 2024

Strategies with INJ

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Returns

Returns

Return (24h)
+8.88%
Return (7D)
+35.34%
Return (1M)
+32.42%
Return (1Y)
+1,064.22%

My Investment

My Investment

Profit Taken
€0.00
0%
Profit/Loss
€0.00
0%
You Have:
€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 € 40.89.

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 € 40.89.

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.

Yesterday was very volatile, but we made a new all time high with our Schillebeeckx Strategy for this bullmarket. And we are already on the verge of making another one today, after the leveraged longs got slapped in the face by liquidations.


$SOL is breaking out and outperforms $BTC now since our last rebalance.

$INJ is doing the same.


Great times ahead. New ATH for $BTC is imminent.


But there is still one risk: CPI data today. If the number are too hot, it could shock the stockmarket and specifically the nasdaq. That would drag down crypto with it. That could be painfull, but we won't speculate on that. No profit taking yet!

4 people like this
DutchEd
28 Feb, 2024

Another rebalance. $INJ and $BTC have nice gains. Good to invest in some other alts.

2 people like this

Breakouts of $LDO, $RUNE, $INJ, $SOL and $LINK are imminent.


$BTC and $ETH already broke out massively. Greedfase of this upleg. But certainly not the last upleg in this bullmarket.


Keep the faith and hodl!

3 people like this
DutchEd
28 Feb, 2024

We did another rebalance. Took $BTC, $FTM, $INJ and $VET profits to invest in $ARB and $MATIC.

3 people like this

$BTC shows exceptional strength and slices through resistancezones like a knife through melting butter. 60k imminent! 🚀🚀🚀


Very happy with the structure of our Strategy right now. $RUNE is already outperforming $BTC, $INJ is on the verge of outperforming $BTC. $RUNE and $INJ are two of our largest holdings.


$ETH is building momentum to break through the 0.06btc resistance and seems ready to continue its upward trajectory in $BTC value.

2 people like this

Allthough $BTC 's move is impressive. $SOL, $INJ, $LINK, $LDO and $RUNE are at the verge of making new highs in this bullmarket. $ETH already made a new high. It is a typical pattern, so no reason to believe this time will be different. Big institutions buy in massively, but they are smart money. They won't create a bubble. Retail will create the bubble, afterwards. If history rhymes of course...

At the same time, as btc keeps going up this fast, the risk of a double top comes closer. That could spark a consolidation of a few months. Our strategy will take profits to btc from alts whenever they outperformed to hard (as we succesfully did in $LINK a couple of weeks ago and in $INJ somewhat longer ago.)

That could certainly happen, but eventually alts will outperform. So far we are able to keep up with btc or even outperform it on the 3-monthly, 6monthly and yearly charts by being mainly in the best alts.

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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 42.17 EUR . We recorded this price on February 29, 2024, but we cannot exclude that a higher price was registered before February 15, 2021.

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