Injective Price INJ-INR

Injective Price Prediction

Injective Price Today in India is ₹ 2,002.44 with a 24-hour trading volume of ₹22,21,50,45,927. In the last 24 hours, INJ-INR price has decreased by -1.35%. Injective CoinMarketCap rank is 56. The circulation supply of Injective is 9,77,27,220.33INJ coins, with maximum circulating supply being unlimited.

Injective Coin Price Prediction 2024

The native cryptocurrency of the Injective blockchain is called Injective coin (INJ). You have the option to pay transaction fees, vote in the Injective decentralised autonomous organisation (DAO), or stake your INJ coins to increase your return. Developing decentralised applications on the Injective blockchain is another way to gain INJ tokens. Based on the Injective projection, it is projected that the coin could fluctuate between $65.04 and $73.10. Concurrently, it is hypothesised that the average price of the INJ coin may be $59.57.

INJ Coin Price History 2023

In October 2020, when INJ first launched, its value was $0.77. On April 30, 2021, the token reached its highest point of $25.01 concurrently with the peak of the cryptocurrency market. For the remainder of 2021, the token's price fluctuated but mostly declined. INJ hit all-time lows of $1.55 in May 2022, a further decline.

Even though its price wasn't as high, INJ's market cap peaked in November 2021 at $590 million, up from its April top of $521 million, thanks to its deflationary measure (more on that later).

When INJ's token plummeted in May 2022, its market capitalization dropped to roughly $120 million. Likewise, Injective's total valued locked (TVL) plummeted from February 2022 highs of $182 million to $64 million in June 2022.

The first step in pushing the cryptocurrency markets upward is to stop hiking interest rates and begin lowering them. The bull run has not yet begun, and by the end of 2023, The price of INJs increased to a new all-time high of $34.60 last week, marking an almost 2,700% rise in 2023. Cryptocurrency token prices—including those of the INJ token—are probably going to stay unchanged due to the Fed's hint that one more rate hike may come by the end of the year.

Is Injective Coin a Good Investment in 2024?

Injective is a great investment with a wide range of applications. Additionally, injective has a wide range of real-world uses. Their cooperation with thousands of other initiatives has placed them at the forefront of the ongoing blockchain revolution. The platform is therefore made with the future in mind. INJ Token is a long-term project with great potential thanks to a distinctive strategy and supportive community.

Injective Exchange traders use INJ coins to pay conventional market maker and taker fees, rather than network petrol fees for each transaction. Injective’s Proof of Stake-based blockchain is powered by INJ coins, which also function as the platform’s governance token and staking mechanism.

Injective Features

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