A promising DeFi start-up project from a few years ago, Injective Protocol has recently become interesting again. The long-awaited launch of the Canary Chain on the Injective Protocol main net has gone live with spot trading on their decentralized exchange (Dex).
It’s still early days for Injective Protocol as an exchange, but ‘early days’ is an investor’s dream if the project is a solid one. Should we all be buying INJ, their proprietary token? There’s good news and bad news.
Our INJ price forecast suggests the token price will be around $15.16 in the next 90 days.
👉 Injective Protocol Price Prediction 2024
Our INJ price forecast suggests the token price will be around $58.77 in 2024.
👉 Injective Protocol Price Prediction 2025
We predict the Injective Protocol price to hover around $80.58 in 2025 based on our analysis.
👉 Injective Protocol Price Prediction 2026
In 2026, we expect the Injective Protocol price to be approximately $101.47 according to our price prediction model.
👉 Injective Protocol Price Prediction 2027
Our INJ prediction indicates the token price will be in the vicinity of $125.65 in 2027.
👉 Injective Protocol Price Prediction 2028
For 2028, we forecast the INJ price to be around $149.82 given current trends.
👉 Injective Protocol Price Prediction 2029
Looking ahead to 2029, we estimate the Injective Protocol price will settle around $174.00.
👉 Injective Protocol Price Prediction 2030
Our INJ price prediction suggests a token price of about $173.26 by 2030 based on projected growth.
What you'll learn 👉
What is Injective Protocol?
It’s a Dex but with a few differences. Most Dexs run an AMM (Automated Market Maker) algorithm to generate the market. This maintains a pool of cryptocurrencies in pairs which are rebalanced after every trade. It’s the way that classic Dexs automated the market-making process. Injective Protocol has an order book like most Cexs (Centralized Exchanges), but more of this and a few other interesting features later.
INJ is Injective Protocol’s obligatory exchange token. The exchange is still in the early stages of release so it’s difficult to know how it will function when all the features are implemented. The initial releases’ maximum trade is $50 and there’s only a spot market at the moment. I like this cautious approach to launch, in principle. Too many times we’ve seen hastily implemented code bring down a project and lose people money.
Injective Protocol Price Prediction For The Next 3 Months
Is Injective Protocol (INJ) currently undervalued? That’s the fundamental question. Let’s look under the hood to check if the component parts are up to the job. Will Injective Protocol be fit for purpose if it does capture significant market share?
As the first quarter of 2024 concluded, we can say that this year has started on a high note for the cryptocurrency industry, marked by significant milestones and growing enthusiasm. Following the landmark approvals of Bitcoin ETFs, there has been a noticeable surge in interest from both retail and institutional investors, signaling a robust period of growth and acceptance for digital assets. These developments have not only bolstered investor confidence but have also hinted at a maturing market that is increasingly aligning with traditional financial systems. With the regulatory landscape beginning to stabilize and provide clearer guidelines, the cryptocurrency market is poised for a transformative year, potentially setting new benchmarks for adoption, innovation, and investment. Bitcoin ETF approvals were done in early January, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving now only days away, expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin has almost tripled in price since last summer, with the recent Wall Street earthquake and the upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. Bitcoin is trading above $70k now, after it hit a new ATH of $73k in March. Ethereum has also grown following ETF approvals, with many anticipating ETH ETF approvals could be next. Ethereum is trading around $3,600 but still hasn\\\'t broken its ATH from the 2021 bull run. Investors are hopeful this will happen soon. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event. Bitcoin ETFs, a growing meme coin, AI crypto coins, and RWA mania have helped the bull run to gain momentum. The total market cap (TMC) is now $2.65 trillion.
Below is a tabular overview of how will INJ develop in the short-term (for the next 90 days), according to our prediction model:
Fundamentals
Injective Protocol is a decentralized derivatives trading platform that offers several benefits:
- It allows anyone to create and trade derivatives markets in a decentralized, permissionless manner. This enables free and open financial markets without intermediaries.
- The protocol is highly scalable and has low operational costs by utilizing an optimized sidechain built on the Cosmos SDK. This provides an efficient foundation for decentralized finance applications.
- It incorporates a verifiable delay function to ensure fair ordering of trades and prevent front-running. This improves the overall efficiency and fairness of trading.
- The INJ token serves multiple purposes on the protocol including security, incentives for market makers and relayers, and collateral for derivatives positions. The token thus underpins the network’s operations.
- Overall, Injective brings the advantages of decentralization, scalability, fairness and strong incentives to derivatives trading.
Use Cases
Injective Protocol aims to power decentralized finance applications with a focus on trading:
- It enables the creation of decentralized spot and derivatives exchanges without limitations. Users can trade freely in any derivatives markets they want.
- There is unlimited access for users to participate in DeFi markets seamlessly. No barriers exist to entering and benefiting from opportunities in DeFi trading.
- The protocol incentivizes participation through staking rewards, governance rights, and collateral backing using the INJ token. This encourages users to actively stake tokens and contribute to the network.
- Injective brings scalability, low costs, and rich features to decentralized trading. This makes it well-positioned to become a leading protocol for DeFi applications related to derivatives, trading, and prediction markets.
- By emphasizing an open and decentralized approach, Injective unlocks the full potential of decentralized finance for trading markets.
Overall, Injective Protocol aims to be a next-generation DeFi platform that powers advanced derivatives and trading functionality in a decentralized manner.
The Tokenomics of INJ
| Current Price | $7.5 |
| Circulating Supply | 83,755,556 INJ |
| Total Supply | 100,000,000 INJ |
| Inflation Rate | 7% falling to 2% |
| Market Cap | $628,583,208 |
| Rank | #156 |
Team
CEO Eric Chen and CTO Albert Chon founded the company in mid-2018. They’re both qualified and accomplished professionals with experience working for a range of blue-chip tech and finance firms. The team boasts mainly developers and techs, which is good to see. It gives the impression that the focus is in the right place, unlike some of the more hyped nonsense we are seeing at the moment.
Social Media
The same goes for Injective Protocol’s social engagement. However, The product blogs are all well and good, talking about INJ being listed on various exchanges, and the spot market going live. But there’s nothing about why there’s virtually no action on the exchange, or about the imminent rollout of the bulk of the project.
The Twitter account mirrors their blog and has about 8k members.
Exchanges & Wallet Support
You can buy INJ at centralized exchanges Binance and Huobi. If you prefer to remain completely DeFi, swap for it at Uniswap or buy it directly on the Injective Protocol exchange with stable coins, USDC and USDT.
I connected with the recommended Metamask wallet and had no issues. The site also recommends Ledger live.
How to Buy INJ
If your intention is to hold INJ as a speculative asset, then buying on a regular exchange is fine. If your goal is to trade on the Injective Protocol exchange then transferring crypto to the exchange is the way to go.
It’s a familiar process by now, but there are a few things to note. Connect your wallet, click on a market, select your amounts, and hit the approvals on your Metamask wallet. Remember to set the total allowance – this is important. It restricts the amount that a smart contract can access from your wallet when permission is given.
Once you have deposited USDC or USDT, select whichever token pair you would like to trade. Fees for transferring should be a couple of dollars maximum, and a few cents equivalent in INJ for the actual exchange trading.
I hope this was part of a staggered release that will swing into action soon, otherwise, this exchange is deeply troubling and should be avoided at all costs. Imagine having funds in the exchange and not being able to sell.
Injective Protocol Price Prediction 2024
Our prediction model sees a temporary switch to a bear market at the beginning of 2024 before we move onto another leg up in 2024.
INJ Market Price Prediction
Experts have varying predictions for Injective Protocol’s potential growth in 2024 and beyond:
- PricePrediction.net has an optimistic long-term forecast, predicting INJ could reach $306.79 by 2030 based on expert analyst opinions.
- DigitalCoinPrice sees steady, positive price growth in the coming years. They forecast INJ starting 2024 at $21.87, trading around $27.14 during the year, and ending 2025 valued at $26.55.
- SwapSpace compiled predictions ranging from $11.31 to $31.48 for INJ by the end of 2025. Overall, they see a predominantly positive outlook.
- While exact price targets differ, the projections point to Injective Protocol continuing to increase in value over the next 5-10 years as adoption grows. The potential high prediction of over $300 by 2030 highlights the upwards trajectory analysts foresee in INJ’s future price.
Injective Protocol Price Prediction 2025 – 2030 – 2040
Our prediction model sees INJ reaching new highs in 2025:
$80.58Injective Protocol Price Prediction 2030 – 2040
What Injective Protocol will be worth in 2030?
Our forecasting model sees Injective Protocol reaching $201.46 in 2030.
What Injective Protocol will be worth in 2040?
Our forecasting model sees Injective Protocol reaching $402.92 in 2040.
Will Injective Protocol replace / surpass / overtake Bitcoin?
No, Injective Protocol will not replace or overtake BTC.
Can Injective Protocol reach $100?
Yes, Injective Protocol could reach $100 by the end of 2025.
Is Injective Protocol worth buying?
We are advocates of moderately risky investing – invest most of your crypto portfolio in BTC (50%); 35% in a basket of big cap coins and the rest in small projects with huge upside. So, in this context, Injective Protocol is worth buying.
Is Injective Protocol a good investment?
Injective Protocol is, just like all other cryptocurrencies, a risky investment. It does have higher probability of going up than down because of the good use case, well-designed tokenomics, active community and a solid team behind it.
How much will Injective Protocol be worth?
For the short-term future, it could reach $15.16. In the long-term (8-10 years), it could jump to $201.46 or even higher.
Why will Injective Protocol succeed and go up in price?
Injective Protocol has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Injective Protocol rising up to $201.46 in 2030.
Why will Injective Protocol fail and drop in price?
Crypto projects fail for various reasons. Some of the most common ones are: team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of well designed marketing strategy, losing community support, potential vulnerability in the protocol, failing to achieve anticipated minimum developement activity on the protocol, failing to attract new developers to build on their platform.
How high will Injective Protocol go?
Our forecasting model sees Injective Protocol price exploding and reaching $402.92 in a distant future.
What is the short-term prediction for Injective Protocol?
Injective Protocol will reach $15.16 in the next 90 days, which is a 43% change over the current price which hovers around $26.60.
Can Injective Protocol make you a millionaire?
Yes, if you buy large enough sum of it. Do not expect to invest $100 and become a Injective Protocol millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Injective Protocol could make you a millionaire.
Injective Protocol Price Prediction Today - What will be the price of Injective Protocol tomorrow?
Injective Protocol will hover around $29.16 tomorrow.
When to sell and exit Injective Protocol?
That depends on your trading profile. If you believe in Injective Protocol and think it has a bright future, holding the coin for at least a couple of years is a good idea. Taking profits on good investments is an even better idea. So if you are sitting on 100-200% or even more gains on your Injective Protocol, cashing out a portion of the funds is not a bad move.
Can Injective Protocol explode?
Yes, our algorithm sees Injective Protocol taking off and skyrocketing in 2022 with an increase of 13.6% over the current price.
What will be the price of Injective Protocol in 10 years?
Injective Protocol price in 10 years will hover between $201.46 and $402.92.
Injective Protocol Price Prediction 2023 - What will Injective Protocol be worth in 2023?
Injective Protocol will reach $39.57 in 2023, which is a 48.78% change over the current price.
Injective Protocol Price Prediction 2024 - What will Injective Protocol be worth in 2024?
Injective Protocol will reach $58.77 in 2024, which is a 120.98% change over the current price.
Injective Protocol Price Prediction 2026 - What will Injective Protocol be worth in 2026?
Injective Protocol will reach $101.47 in 2026, which is a 281.54% change over the current price.
Injective Protocol Price Prediction 2027 - What will Injective Protocol be worth in 2027?
Injective Protocol will reach $125.65 in 2027, which is a 372.44% change over the current price.
Injective Protocol Price Prediction 2028 - What will Injective Protocol be worth in 2028?
Injective Protocol will reach $149.82 in 2028, which is a 463.34% change over the current price.
Injective Protocol Price Prediction 2029 - What will Injective Protocol be worth in 2029?
Injective Protocol will reach $174.00 in 2029, which is a 554.24% change over the current price.
Injective Protocol Price Prediction 2050 - What will Injective Protocol be worth in 2050?
Injective Protocol will reach $604.99 in 2050, which is a 2174.77% change over the current price.
Summing it All Up
Injective Protocol is a layer-2 decentralized finance (DeFi) protocol built on top of the Cosmos SDK, focused on decentralized derivatives trading and exchange markets. The protocol aims to solve some of the limitations of first generation DeFi protocols by offering unlimited access, high scalability, and strong incentives.
One of the main benefits highlighted is the ability for anyone to create and trade any derivatives market in a decentralized manner. This enables open and free financial markets without centralized intermediaries or gatekeepers. Injective incorporates features like cross-chain capabilities, a verifiable delay function, and staking rewards to improve efficiency, fairness, and participation.
The INJ token serves multiple purposes on Injective, including securing the network, incentivizing market makers and relayers, and providing collateral for positions. Looking ahead, experts predict continued growth for INJ, with price targets ranging from $11 to over $300 by 2025 and 2030. Injective’s decentralized approach helps unlock the full potential of DeFi for trading and derivatives markets. Its combination of features positions it well to lead the next generation of DeFi protocols.
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