The cryptocurrency Injective (INJ) was able to show the strongest price increase among the top 100 largest cryptocurrencies in the past seven days with 13.12%. But even today, the INJ rate is up 5.34%. What exactly the Injective is about, what has significantly shaped the course recently and what the INJ price forecast for 2023 looks like is now to be examined in more detail in the following article.
What is Injective (INJ)
Injective is one Layer 1 blockchain, which specializes in Web3 finance applications. Within the ecosystem, developers will find different out-of-the-box modules with which Thanks to the ready-made elements, a large number of demanding dApps (decentralized apps) can be developed quickly. Injective offers a unique opportunity to access decentralized financial markets, products, services and tools.
So it is also one interoperable smart contract platform. Through CosmWasm the Smart Contracts can also be used by everyone Chains compatible with CosmWasm can be seamlessly migrated to Injective.
The ecosystem has been Comos SDK built and can through the Tendermint Proof-of-Stake consensus mechanism Execute transactions immediately. Likewise it offers fast cross-chain transactions on the largest Layer 1 blockchainsHow Ethereum, Moonbean, and IBC-enabled blockchains like Cosmos Hub. to be added Wormhole-Integrated Chains How Solana, Avalanche and many more.
Invest now early in memecoin with hype!
So far, for the Injective ecosystem 162 partnerships being constructed. They include a wide variety of categories, such as dApps, Apps and Tooling, Blockchains, Data, Exchanges, Institutions, Interoperability, Metaverse, Stablecoins, Validators, Venture Capital and Wallets.
Some of the biggest names are Binance, CosmosHub, BNB Chain, Coinbase, Ethereum, Gemini, Huobi, Jump Crypto, MetaMask, Polygon, Kraken, Ledger, Pantera, Trezor, Algorand, Axie Infinity, Chainlink, Bored Ape Yacht Club, CoinMarketCap and many more are. Likewise, Injective is also an incubator of Binance.
INJ is the native cryptocurrency, which is used within the ecosystem and drives it. Among other things, she will governance, dApp value measurement, PoS security, developer incentives and staking.
Invest now in the democratization of public opinion research!
What’s been moving the Injective (INJ) price lately?
Some news from the past few days have had a strong impact on Injective’s price. The most important of them are presented below:
Cascade was developed with EclipseFND
1/ Injective with @EclipseFND has released Cascade: the first ever Solana SVM rollup for the IBC ecosystem
Cascade brings the $9 billion+ @solana developer ecosystem to @Injective_enabling a new age of hyper scalable multichain dApps.https://t.co/mhEhmSqn9I
— Injective
(@Injective_) March 30, 2023
Injective along with EclipseFND has that Developed first Solana SVM (Sealevel Virtual Machine) rollup for the IBC ecosystem. Thus, the $9 billion Solana developer ecosystem is brought to Injective as the Smart contracts and dApps from Solana can be used quickly on Injectivewithout having to learn additional programming languages or tools.
In this way, the Multichain dApps will have even greater scalability in the future. The project is in collaboration with Rollup Provider Eclipse developed. Cascade is still in the testnetbut will be integrated into the main network in the near future.
The interchain security model (ICS) is to be integrated in the futureto backup Cascade. To thus use the common security of the Comos ecosystem. Together with a data availability layer like Celestia, Cascade should then offer unprecedented scalability.
Website Translation
The Injective website is now available in a number of languages for our global community!
This includes Chinese
Korean
Spanish
Turkish
and Vietnamese
https://t.co/hE7lrS6tlP
— Injective
Injective’s website is now supported in a variety of different languages, including Chinese, Korean, Spanish, Turkish and Vietnamese belong. In this way it can do something gain an international foothold more easily and be discovered by a larger group of users.
FX pairs were integrated on-chain
Injective has officially integrated FX pairs on-chain
dApps built on Injective can now begin to seamlessly launch FX products and markets. Truly decentralized RWAs powered by Injective are starting to take shape. pic.twitter.com/W31XLMKdsB
— Injective
Since March 28th on Injective FX pairs integrated on-chain become. So offers the decentralized Derivatives Exchange Helixwhich was built on top of Injective, offers EUR/USD and JPY/GBP, among others.
Invest in the polling revolution now!
Injective (INJ) Price Prediction 2023
Injective is currently on 89th place of the largest cryptocurrencies CoinMarketCap. The dApp platform comes up with one Market cap of $454,937,811. Of the total of 100 billion tokens, there are already 80% in circulationso that there is no longer any need to fear excessive inflation.
Because loud Messari.io already found with an increase in circulation supply from 48.66 million to 80.00 million INJ one in the last 12 months 64.43% increase instead of. According to information from injection hubs will however 60% of exchange fees wiped out weekly. According to the website, they are already more than 5.677 million INJ. However, this is not reflected on CoinMarketCap.
The Injective (INJ) course is already up 342.75% this year from $1.2865 to $5.6960. It wasn’t until April 7th Year high at $5.8962 trains, which however still Down 276.34% from the April 30 all-time high of $22.19 is. From its all-time low of August 4th at $0.1484, Injective was even able to make it to the high for the year up 4,433.26%.
The daily trading volume has also increased compared to the beginning of the year. While it was still at $4.7 million in early January, it’s now trading 823.40% higher at $43.4 million. However, the all-time high was made on Feb. 2 at $168.86 million, 289.08% above the current daily trading volume.
Invest early in the future of opinion research!
Now the Injective course is at one important resistance arrived, which is from the 23.6 Fibonacci level of the downtrend and the 78.6 Fibonacci level of the overall uptrend as well upper end of the trend channel composed. Although the level could be breached for a short time, a small correction then set in. The Injective price can still remain at a high level.
If the uptrend is above the $5.99 mark are continued, are the next resistances at $6.73, $7.71, $9.99 and $12.88. On the bottom offer Supports at $5.24, $4.55, $3.97, and $2.49.
One of the most popular presales is currently the extraordinary memecoin Love Hate Inu represents, which with its innovative concept market research through decentralization and Elimination of corruptible central entities wants to revolutionize. be there Thanks to the blockchain, there is no scope for propaganda, manipulation, spam, bots and other malicious behavior. So they should safest, most reliable, most transparent, but most anonymous surveys possible become. This should be made possible by this Stake-to-Vote Process the ecosystem is secured and by means of Vote to Earn Sufficient incentives for a high participation rate should be offered. Due to strong demand, raised $3 million in 3 weeks.
Secure LHINU in the presale offer now in good time!
Investing is speculative. When investing, your capital is at risk. This website is not intended for use in any jurisdiction where the trading or investment described is prohibited and should be used only by persons and in ways permitted by law. Your investment may not be eligible for investor protection in your country or country of residence. So do your own due diligence. This website is available to you free of charge, however we may receive commissions from the businesses that we feature on this website. In addition, the author may have an investment in the assets himself, which may create a conflict of interest.
About the author: Simon Feldhusen first came into contact with the stock market 16 years ago and has been dealing intensively with trading, cryptoassets, stocks, P2P, corporate finance, finance and entrepreneurship on a daily basis for more than 7 years. He has also been working as a copywriter and ghostwriter in the financial sector for several years. During this time he has acquired a diversified knowledge through various training courses on the financial markets and following the daily news. Since then, not a day has gone by that he hasn’t engaged with the markets. He publishes for Finanzen.net, ETF-Nachrichten.de and Coincierge, among others.
