Injective Protocol
INJ
$18.03
$1.51B
Injective Protocol (INJ) is an Ethereum-compatible cross-chain protocol. It connects users from various blockchain networks together into a single crypto community. The Injective Chain is a permissionless public blockchain network. INJ is the decentralized public utility and governance token of the Injective Protocol. Its applications include governance, derivatives collateralization, market maker, protocol security, relayer incentives, and more. INJ holders own and control the INJ exchange. They can participate in the ecosystem through a decentralized autonomous organization (DAO) structure. The INJ crypto can work as a stablecoin alternative to provide collateral for margin trading. Users can stake their INJ coins by delegating to an existing Injective Chain validator or become a validator as an INJ token holder.
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5/5
While all eyes are on Bitcoin, $INJ and $RUNE started to take off🚀 What is especially impressive is the performance of $RUNE as the rally is mostly driven by its fundamentals. As you can see below, the price continues to follow non-RUNE TVL (total value locked) on their platform👀
$ROSE is doing great! We are buying back some $INJ, that we sold higher before that.
$ETH sits above $2k for now, I hope it holds. 🤞🏻
Have a nice day!
Very happy to see $INJ outperforming again after we added to our position. We don't take profits yet and let it run until the risk reward becomes less attractive.
The $BTC market is taking a pause around the 38k. We assumed there was a decent chance that there would be a correction at 38k, but although alts did correct, $BTC didn't. It seems just to take some breath before the next leg higher. There are no sellers (except traders) before the ETF-approval. The strength in $BTC keeps us confident to stay agressively into the market and into our favourite alts.
As long as $BTC moves sideways or even modestly corrects to the 36k level, there's no reason to assume the bullmarket won't continue. The price action we see right now is actually very healthy.
November is coming to an end. Since 1. of November we managed to make around 35% profit👌🏻. It's always hard to predict the future, but there are several indicators showing further uptrend.
Only 133 day til the next halving (April 2024). There are also rumours about interest cuts in May 2024. This could be a pretty nice combo for some fireworks 🚀
Looking at our strategy we can observe $ROSE and $INJ doing extremely well, while $ETH stands still. I've decided to take some profit and add to $ETH and $RUNE.
Have a nice Sunday! 😉
😂