Injective Votes On Major Upgrade To Make INJ Even More Deflationary: Will Prices Recover?

Injective Protocol, a blockchain for decentralized finance (DeFi) and derivatives trading, is voting on a proposal to significantly reshape the platforms tokenomics and introduce a new era dubbed Injective 3.0. According to Injective, through a post on April 19, the proposal is now open for voting via the Injective Hub. For the next four days, stakers and [...]

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INJ Price Soars 13% As Injective Unveils inEVM, Ethereum And Solana Integration Expected

In a recent announcement, Layer 2 (L2) protocol Injective (INJ) has reached a major milestone with the launch of its inEVM Layer 2 rollup solution on the mainnet. This technology introduces an Ethereum Virtual Machine (EVM) environment to the Injective ecosystem, opening up new prospects for developers and blockchain interoperability. By integrating with Ethereum (ETH), [...]

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Injective Launches Important Token Tool As INJ Bleeds

Injective Protocol, a decentralized finance-centric platform, has launched TokenStation. In a blog post on March 18, Injective said the solution, deployed on its mainnet, allows users to launch native tokens. With this tool, Injective said it would empower anyone to create their tokens in a low-fee and scalable environment. Injective Launches TokenStation, Strikes Key Partnership The tool was developed by the Injective community and aims to “remove barrier to entry for token creation.” Like the token creation tools on Solana and Ethereum, for example, using TokenStation, part of the blog post won’t require coding experience.  Related Reading: Top Reasons Why The Bitcoin Price Crashed Below $63,000 This makes it easier for individuals and projects to launch on Injective. Beyond token minting, the tool allows token management and integration of tokenomics mechanisms like burning. The blockchain is launching the TokenStation days after partnering with AltLayer, a platform backed by Binance Labs dedicated to developing roll-up technology for Ethereum. Through this collaboration, the two will build a re-staking security framework for Injective Ethereum Virtual Machine (inEVM) applications. The recently launched inEVM allows developers to seamlessly build applications leveraging the high scalability and near-zero fees on Injective. Additionally, the inEVM is set to increase composability between WebAssembly (WASM) and EVM environments. Through this unique feature, Injective can bridge the interoperability of Cosmos, the developer activity of Ethereum, and the high scalability of Solana.  Will Volan Help Prop Up INJ Prices? In January, Injective Protocol activated the Volan Upgrade, setting the platform’s plans to build a robust real-world tokenization infrastructure into motion. Part of this was the introduction of a Real-World Asset (RWA) module. In this way, institutions can launch regulatory-compliant security tokens.  Additionally, Volan modified INJ tokenomics, making the token progressively deflationary. Burning reduces INJ tokens over time, a measure adopted by other protocols, including BNB and Ethereum. Related Reading: Shiba Inu Ecosystem Blooms: BONE Jumps 44% With $3 Target In Sight While the upgrade and subsequent partnerships have lifted its prominence in decentralized finance (DeFi), growth has been slower than expected.  So far, DeFiLlama data shows that Injective Protocol commands a total value locked (TVL) of less than $65 million. This is miles behind Solana or Ethereum, two of the world’s most active smart contract platforms where active DeFi protocols also thrive. Meanwhile, INJ prices, although relatively higher, are under pressure, as seen in the candlestick arrangement in the daily chart. INJ is down 30% from 2024 highs, slipping and following Bitcoin. However, the coin is within a broader consolidation. Resistance and support levels are around $44 and $30, respectively. Feature image from Canva, chart from TradingView

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Injective (INJ) Infuses Adrenaline With Double-digit Gain, Is $2.5 Feasible?

Injective Protocol (INJ) has had a tough time seeing its price shed over 90% from its all-time high of $24.8 against tether (USDT). Despite recently seeing a huge pullback in the crypto market, Injective Protocol (INJ) continues to show immense strength, racking up double-digit gains. (Data from Binance) Related Reading: NEAR Bulls Charge Their Way Past $4.7 Amid Lack Of Spike In Volume Injective Protocol (INJ) Price Analysis On The Weekly Chart  INJ saw a decline in its price from $24.8 to around $0.9, with an over 90% drop from its all-time high despite having good fundamentals. The price of INJ bounced off after touching a weekly low of $0.9, and the price rallied to $1.7, showing some great strength. The price of INJ on the weekly chart needs to build more volume as the price is faced with resistance at $1.9, unable to trend higher. INJ’s price needs to break out with good volume for the price to have a good chance of trading higher above $1.9 and possibly to a region of $2.5.  INJ must break and hold above the resistance at $1.9 to form a support for the price of INJ to have a chance to trend higher. If the price of INJ fails to break this resistance region, we could see the price retesting the lower weekly region of $1, acting as a good buy zone to push the price of INJ higher and to hold the sell-off.   Weekly resistance for the price of INJ – $1.9. Weekly support for the price of INJ – $1. Price Analysis Of INJ On The Daily (1D) Chart The daily timeframe for INJ prices looks choppy as prices continue to range with little volume to break out of this range. The price of INJ needs to break out of this range with good volume for the price to trend to $2.5. A break and close above the range channel prevents the price of INJ would be flipped into support and would be good for INJ price to rally to a region of $2.5. On the daily timeframe, the price of INJ is currently trading at $1.6, holding above the 50 Exponential Moving Average (EMA), acting as support for INJ price.  The Relative Strength Index (RSI) for INJ is at 50 on the daily chart, indicating low buy order volume.  Daily resistance for the INJ price – $1.9-$2.5. Daily support for the INJ price – $1. Onchain Analysis Of INJ Despite still being backed by many investors and partnerships, INJ has seen a tremendous drop across all boards, including price, volume, market circulation, and market dominance, due to the bearish sentiments across the crypto market. Related Reading: Ravencoin (RVN) Records 90% Increase, Community Warns About Price Speculation Featured Image From zipmex, Charts From Tradingview and Messari

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Decentralized crypto trading & DeFi platform Injective adds support for Polkadot assets

Injective, the interoperable smart contracts platform optimized for DeFi apps, announced today it now officially supports Polkadot native assets. The integration enables Injective to be a primary gateway for cross-chain Polkadot assets to enter the Cosmos universe. Support will be made possible via Moonbeam, an EVM-compatible smart contracts platform for Polkadot. Moreover, Axelar will act […]

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Injective partners with Wormhole to bring 10 new blockchains to the platform

“Users will soon find Wormhole integrated into the backend of the Injective Bridge whereby transferring assets from distinct EVM chains or Solana can be done with the click of a button,” Injective Labs stated.

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Bitkeep Adds Injective Protocol (INJ) To Its List of Supported Mainnets

BitKeep is proud to announce that we have added Injective Protocol (INJ) to the list of supported main chains.  Through the support provided, BitKeep will provide Injective Protocol (INJ) users with a convenient means for token investment and token transaction. Users may access the Injective DApp in the BitKeep Dapp browser for fast, cross-chain, low-cost […]

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Injective Price Prediction 2024: Is INJ Price Poised to Grow Massively in 2024?

The big question is whether the INJ price poised to grow massively in 2024?. Let's take a look at this INJ price prediction article.

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Little-Known Crypto Beats Top 100 Rivals With 23% Rally On Good Friday  

Injective Protocol’s native crypto, INJ, has been on an impressive winning streak over the past seven days, outshining every other cryptocurrency in the top 100. With an incredible surge of over 20% in just a week, INJ has caught the attention of the crypto world, with many wondering what could be fueling such an impressive [...]

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Injective Protocol (INJ) Tallies 23% Price Surge In Past 7 Days – Here’s Why

Injective Protocol, a prominent blockchain platform catering to decentralized applications (dApps), has recently gained significant attention due to the notable surge in the price of its native token, injective (INJ). Over the past week, the INJ token has experienced a remarkable growth rate of 23%.  This surge reflects the growing market interest in the platform [...]

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