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Injective Protocol Price Prediction: Is Injective Protocol a Good Investment?

With the boom of DeFi more and more projects appear to make the market and apps creation easier. One of them is Injective Protocol crypto, which offers cross-chain trading and the opportunity to create financial markets.

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Injective Protocol Fundamental Analysis

Project name
Injective Protocol
Stock Symbol
INJ
Current Price
1.804639
Current Supply
100000000

Injective Protocol is a decentralized exchange (DEX) protocol with advanced features including cross-chain margin trading on Ethereum, Cosmos, and a few other layer-1 blockchain networks, derivatives, synthetics, forex, and futures trading. The native decentralized exchange utilizes certain technological innovations to provide fast speed, improved security, and decentralization. 

Moreover, Injective protocol offers zero gas fees thanks to its Cosmos-backed layer-2 sidechain infrastructure, which also provides the optimized connection to the main Ethereum chain. The project’s end goal is to contribute to the creation of a limitless DeFi ecosystem with high transaction speeds, full decentralization, and without gas fees.

Injective protocol has implemented several features that allow it to achieve this goal. The Injective Chain is based on the Cosmos Tendermint Standard — a decentralized sidechain relayer service that works as a layer-2 derivatives platform, trade execution coordinator, and decentralized order book. 

Injective Chain has a peg-zone architecture, based on the Cosmos Gravity Bridge that allows transferring the value between Ethereum and Cosmos Hub. The EVM execution framework is based on Tendermint’s Ethermint EVM implementation. The combination of those features allows cross-chain compatibility and liquidity. 

Thanks to the Injective Futures protocol users can enjoy fully decentralized peer-to-peer trading via perpetual swaps and contract for different derivative products. Additionally, anyone can use the protocol to create their own derivatives markets. 

Injective is completely governed by the community. The project team encourages the early adopters to know about the product and connect with the other community members and participate in the future of the project. The Injective ecosystem includes over 100 projects and 200K+ community members from around the globe. 

INJ is a native utility and governance token of the project. It is used for governance, derivatives collateralization and is needed for integrating protocol security, market maker, and relayer incentives. It is also a currency for the fees within the chain. 

Injective Protocol Live Price Chart

During the last year, the INJ token has been bearish and continued to lose value even when the whole crypto market was bullish. After the short period of the value increase at the end of April - end of May, when the asset was traded in between $15 - $22, INJ token fell to $7.7 on May 23. 

The price recovered and went up to $9, then was corrected and sustained at the level of $7-$7.7 till the end of June. It was the bearish period for all the cryptos and the INJ token has stayed in between $5.5 and $7.5 till the end of July. At the beginning of August, the coin price started to slowly grow up, but couldn’t reach the previous level. On August 21 INJ was traded for $12.9. It was followed by the price correction that pulled the asset off to $10.9.

Then the asset started to grow and reached $15.5 on September 6. As most of the assets went up in October hitting new heights, the INJ token also started to gain the price after falling to $8 on September 21. By October 19 the coin reached $13.6, then was corrected to $10.3 and sustained around $13.5 till the beginning of December. 

In mid-December, INJ was traded for $8, experienced a short rise to $9.8 in the last 10 days of 2021, and then continued to fall from the first day of 2022. By the end of January, the asset was down at $4.3, which has been sustained until now. The Injective Protocol price chart continues to show bearish signals. Despite this, analysts expect the price to go up to $10 by the end of the year and to gain not less than 70% of the price in a 5-year period.

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Injective Protocol Technical Analysis

Despite the fact that 100% accurate technical analysis for Injective Protocol cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated INJ buy-and-sell rating for selected timeframe. The summary for INJ/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Injective Protocol Price Prediction

Below we have collected the most reliable price projections for Injective Protocol (INJ) from popular forecast platforms.

Injective Protocol Price Prediction for 2022

As for Injective Protocol price predictions for the rest of 2022, there are divergent opinions. TradingBeast expects a downturn towards $1.72638, and PricePrediction.net echoes with ~$0.757948 by the year’s end. Other experts, for example, from WalletInvestor, are more enthusiastic about Injective Protocol’s future price, citing upwards of $2.490402 in December.
Potential ROI: -8% Sell

Injective Protocol Price Prediction for 2023

In their Injective Protocol price predictions for 2023, TradingBeast’s forecasts the coin’s price to go above $2.33644 by December. Forecasting Injective Protocol's future, WalletInvestor expects further growth, too, saying the Injective Protocol price will reach ~$3.44686 by that time. On the contrary, PricePrediction.net keeps predicting Injective Protocol price decline, quoting prices around ~$1.245201 in 2023.
Potential ROI: 30% Buy

Injective Protocol Price Prediction for 2024

Injective Protocol price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $2.039242–$3.2243 range (PricePrediction.net, TradingBeast), while WalletInvestor takes a different view and cites the possibility of the price reaching $0.794041 in December 2024.
Potential ROI: 12% Buy

Injective Protocol Price Prediction for 2025

WalletInvestor has only optimism in store for the 2025 Injective Protocol price prediction, valuing Injective Protocol at $2.057288 by the end of 2025. TradingBeast agrees with a positive forecast and predicts, in turn, $3.90294 for the same period. On the other hand, PricePrediction.net’s team is more pessimistic — their Injective Protocol price prediction for December of this year is just $1.353479.
Potential ROI: 35% Buy

Injective Protocol Price Prediction for 2030

Speaking of long-term Injective Protocol price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Injective Protocol price won’t grow further and, opposedly, will decline to $1.281294. PricePrediction.net’s price prediction for Injective Protocol echoes with the projection of a downtrend to $0.595531. Despite this, TradingBeast’s vision remains positive, promising growth up to $1.834382.
Potential ROI: -31% Sell
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Summary

As it can be clear from the analysis cited above, Injective Protocol (INJ) projections are rather contradictory. There is no universal consensus either about positive or negative future INJ price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Injective Protocol projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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