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Injective Protocol

INJ

INJ to USD Price

$26.05

Injective Protocol Market Cap

$2.43B

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INJ USD price chart / performance

INJ USD price chart / performance

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From
Apr 11, 2024
To
Apr 18, 2024

Strategies with INJ

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Returns

Returns

Return (24h)
+2.92%
Return (7D)
-20.80%
Return (1M)
-36.25%
Return (1Y)
+183.39%

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 USD conversion is $ 26.09.

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 USD is $ 26.09.

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
15 Apr, 2024

4/5


What about altcoins? Everyone seems afraid of buying them but history is telling us something else. After a big flush, comes the big push to the upside. Expecting a similar setup to play out in the coming weeks🚀$INJ $RUNE $LINK $OSMO $SEI $ETH

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22 people like this

@CryptoEnthuzias only the time will tell who’s right...

He was pretty much right about being heavy btc till rate cuts..

Are you familiar with benjamin s cowen theory about the dominance and the influence of monetary policy regarding choice of investors in what to put money?

It's been a long time since we rebalanced our portfolio. This pre-halving dip however is too attractive not to add to our favourite alts.


We bought beaten down $RUNE and $INJ and $SOL and $SEI with $BTC and $ETH.


We are confident that these coins will do very well in a post-halving upswing of the cryptomarkets.


Looking forward to the next few weeks!

4 people like this
Avatar
@MomenJaradat
14 Apr, 2024

1/4


These are the buy and hold returns from April 1 to the present. 


I provide this information to help you see the extent of the decline resulting from the black swan event last night and the night before and compare its impact from the opening of the month. 


You can evaluate this discounts in relation to your investment as this is an appropriate opportunity to buy discounts as in Mid of last March.


It is always better to invest in a passive index with objective rules and no survival bias.


You can review the components that my indexes possess periodically and compare your performance with my indexes that objectively organize the cryptocurrency market according to the method of your investment, or use them to form your own strategies or customize your investment and increase your understanding of developments in the crypto market.


I'm a momentum investor, I buy winners and sell losers here.

The winner remains a winner and the loser remains a loser.


But you can benefit from this information according to your strategy if you are buying dips.


Blockchain Infrastructure sector ex-$ETH


$SOL

$ADA

$AVAX

$DOT

$MATIC

$ICP

$NEAR

$APT

$STX

$ATOM

$ARB

$HBAR

$OP

$INJ

$FTM

$TIA

$SUI

$SEI

$ALGO

$FLOW

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2 people like this
Diversitas
13 Apr, 2024

4/5


SEI is a great example. A few weeks ago, it was trading at $1. Yesterday, it was sitting at our trackline, currently positioned at $0,60. After the liquidation event, we were able to buy it at $0,52. Although the daily candle closed below the trackline, we are confident that this buy will age well. The same goes for all other altcoins. Will come back to this post in a couple of weeks😉


We were buying:


$RUNE below $5,8

$SEI below $0,55

$LINK below $15

$INJ below $24

$OSMO below $1,05

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26 people like this
TITANIUM BASIC
11 Apr, 2024

Rebalans strategije Titanium Basic ⚖️


V okviru naše strategije aktivnega upravljanja smo zaključili  rebalans portfelja Iconomi Titanium Basic. Menimo, da ima Solana ($SOL) velik dolgoročni potencial, zato smo njeno alokacijo povečali za 10 %.  Osredotočili smo se na uveljavljene tokene z dokazano preteklostjo, zato smo odstranili tokene Jasmy ($JASMY), Celestia ($TIA), Sei Network ($SEI) in Sui ($SUI).

 

Da bi dosegli bolj razpršen portfelj in ohranili želeni profil tveganja, smo posodobili naložbeno strategijo. To vključuje tokene Binance Coin ($BNB), Chainlink ($LINK), Polygon ($MATIC), Avalanche ($AVAX) in Ocean Protocol ($OCEAN) v portfelj, hkrati pa se je zmanjšala alokacija Injective ($INJ).


Verjamemo, da imajo blockchain tokeni svetlo prihodnost, saj so največji, najdlje delujoči in zato predstavljajo ključne projekte na področju decentraliziranih financ. To poudarja namen naše strategije Titanium Basic.

Verjamemo tudi v Chainlink ($LINK), ker ima močne temelje, saj je največji oracle z največ uporabniki, in je projekt z dolgo zgodovino, ki se bo še naprej uspešno razvijal.


Še naprej smo zavezani doseganju dolgoročnega povečanja vrednosti  za naše sledilce, zato bomo še naprej spremljali razmere na trgu in po potrebi prilagajali portfelj.

5 people like this

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Injective Protocol Price FAQ

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

Injective Protocol (INJ) price history shows the highest value of 51.74 USD . 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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