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Injective Protocol

INJ

INJ to GBP Price

£32.91

Injective Protocol Market Cap

£3.07B

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INJ GBP price chart / performance

INJ GBP price chart / performance

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From
Feb 26, 2024
To
Mar 4, 2024

Strategies with INJ

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Returns

Returns

Return (24h)
+0.99%
Return (7D)
+13.30%
Return (1M)
+26.50%
Return (1Y)
+1,126.25%

My Investment

My Investment

Profit Taken
£0.00
0%
Profit/Loss
£0.00
0%
You Have:

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 GBP conversion is £ 32.99.

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 GBP is £ 32.99.

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.

Great day for $BTC and many alts. New ATH for $BTC seems imminent.


We are in 'extreme greed modus' on the fear & greed index. The F&G index is a very bad indicator for market timing, so we don't have to sell now. The past has shown that we can stay for weeks in extreme greed mode and that the bulk of the bull market gains are made in those weeks.


The hardest part in this fase of the bull market is not being in the alt coin that pops 'today' or even 'right now'. Be patient. Don't chase momentum. Everything will pop. Sell after the pop, reallocate after the pop. Don't try to frontrun pops. You cannot know what will pop first, but you can sell partially of entirely after a big leg up.


Remember that 99% of all alts wil go down 95% and more in the next bearmarket (and never recover).


The narrative will be with $BTC untill it breaks ATH. But many alts are ready to take over. $ETH looks strong and ready to attack 4k soon.

$INJ has been consolidating for many weeks and looks ready to shoot up to 100usd.

6 people like this
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@StableWCI
12h ago

$BTC pushing higher. Could we see ATH this week? We have a small position of $BTC in Stable WCI strategy. And won't chase this pump. You have to know that stong $BTC is good for alts, but it could take some time. And $ETH is doing great, losing some value vs $BTC, but this can change in a matter of days.


Don't get scared if we see some kind of correction in the coming days/weeks. This is normal ... even for a bull market.


$LINK $ETH $ROSE $INJ $RUNE $HBAR.

3 people like this
Diversitas
15h ago

4/4


Lastly, it looks like altcoins will have a hard time breaking out before we see a new Bitcoin ATH so we decided to slightly increase our $BTC exposure. Below is our new structure:


60% $BTC

10% $RUNE

6% $ETH

6% $INJ

6% $LINK

6% $SEI

6% $OSMO


The plan is to start increasing altcoin exposure after the initial push above the all-time high. Have a great start of the week and we will be back with you tomorrow🙌

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38 people like this

We see some profit-taking from investors in our Strategy.


First of all: Taking profits is always good! Well deserved. Enjoy it.


At the same time, we 'd like to point out that we expect this bullmarket to continue. The biggest part of the move up still has to come. So don't get out too soon. You were all here through the bad times. Don't miss out on the next altseason. We expect $BTC above 100k and we expect many alts to 5-10 X in the next year.


It is also good to know, that we as strategists will take profits too and lower the riskprofile of our portfolio by gradually going to $USDT and $PAXG and $BTC and $ETH. Our goal is to help our investors taking profits, by doing it ourself. We don't aim to time our exit perfectly as it is impossible, but we will change our allocation if the risk-reward in crypto gets skewed to the downside.


Another mistake investors often make is momentum-chasing. During weekends like this lots of small cap crypto's and strange projects can pop and go up a lot. Be careful and patient! We still believe that $SOL, $LINK , $INJ and $RUNE will be the big winners in the alts. Probably KASPA as well, but we don't invest in that.


A rising tide lifts all boats: the good, the bad and the ugly. But remember, when the tide turns, you want to be out of the bad and the ugly (and probably even out of the good).


Keep the faith. Trust yourself. Be smart and happy.


🚀🚀🚀

9 people like this

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

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Injective Protocol Price FAQ

What Is the Highest Price of Injective Protocol in GBP?

Injective Protocol price UK history shows the highest value of 36.71 GBP . We recorded this price on March 2, 2024, but we cannot exclude that a higher price was registered before February 15, 2021.

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