INJ Price Analysis December 2022

INJ is a token of platform Injective. Its current price is around $1.69 at the time of writing, with a low of $1.13, and it has a market cap of 123 million dollars.

What is Injective (INJ)?

INJ is the coin of the Injective platform, which is around $1.69 by the time of writing, with a low of $1.13. It reached a high of $12.98, and its current ranking is #160, according to CoinMarketCap, with a market cap of 123 million dollars. Injective is a platform that lets you create operational and finance smart contracts tailored to your unique needs, without ever compromising on the network’s security.

Injective Protocol (INJ) is a decentralized exchange that offers various advanced features, such as cross-chain trading, derivatives, and trading in Forex and futures. Injective is a permissionless protocol without gas fees created to be completely decentralized & high-performing. 

Injective has a mechanism that helps you cut down your carbon footprint by 99% by transforming transactions via a consensus protocol on Lightning-fast parallel chains. It enables frictionless, borderless conversation across blockchains for a seamless user experience.

INJ Coin Market Analysis 

INJ has a total supply of 100,000,000 coins worth around $1.69 with a market volume of 17 million dollars, whereas the market capitalization is 123 million dollars at writing. INJ can be a risky, low-gain investment for a 1-year term.

INJ Crypto Price Prediction

In the 2H timeframe, the price action of $INJ/USDT is getting rejected from the horizontal resistance zone. If it breaks its mid-trendline, then further, it can go downward.

For any time, on-demand analysis on $INJ or any other coin can join our Telegram channel.

Inj Price Analysis
INJ Price Analysis

Closing Thoughts

Discipline and Patience are the most critical components of a successful trade. According to the above analysis, the coins we discussed might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Research before investing.

Pratyaksh
Pratyaksh

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