Welcome to Injective Token $INJ review! In three short sections, I review what this token is about, tokenomics, and then current market.

For the Zs out there, this is basically a "I researched Injective so you don't have to" 🤣 Jokes aside, do your own research too!

1. General

Token Tags⁷: DeFi. Layer1/Layer2.

As their own lead reads: Injective is "The Blockchain Built for finance", being a Layer 1 Blockchain pioneering interoperability, with customized DeFi solutions and a formidable security⁶ 🔐

Among other uses, INJ Tokens can be used for:

  1. The usual 📝: Stacking, Governance, Paying transaction fees, attracting liquidity and rewards. ⁸

  2. 🔨 Bidding and Burn ❤️‍🔥 ⁹ Over Injective's Hub, token can be used in Auctions to bid on Baskets of Tokens accumulated from exchange trading fees. Tokens paid by the highest bidder are burned 🔥 and eliminated from circulation⁹

  3. 🌉 Ethereum Blockchain Bridging⁹

2. Tokenomics

  1. Market Cap (Total Supply)²: 100 million.

  2. Circulating Supply²: About 93 million.

  3. Market Capitalization⁴: ~4.2 Billion US Dollars.

  4. 24h Trading Volume⁴: ~0.6 Billion US Dollars (Active Market, about 14% of Capitalization)

  5. ALL TIME HIGH⁴: $52.62 (today, March 14th 2024)

  6. ALL TIME LOW⁴: $0.6574 (November 3rd, 2020)

  7. Holder Distribution³:

    🥇There is wallet holding 68% of all INJ. However, this wallet is in the contract "Peggy Bridge Proxy", and thus doesn't reflect centralization.

    🥈The 2nd wallet has 10.6% of all INJ and is a random inactive wallet. No activity during the last week.

    🥉The 3rd wallet in volume has ~3.5% of all INJ and is also a random inactive wallet. No activity during the last week.

  8. Community & Developer Activity²

    🌐 Developers are active on Twitter (last post published 1 hour ago), have a Discord and Telegram group all available to check on Coinmarketcap.

  9. Exchange 💱 Trust²

    The INJ Token is available for trading on several exchanges, such as Binance, Coinbase Exchange, Bybit, KuCoin, OKX, Gate.io, Kraken, Osmosis, BingX, HTX, and many others listed on CoinMarketCap.

Tokenomics are robust, but since the All Time High has been reached today, it's a brand new unexplored territory onwards. The coin has many applications and thus potential to go beyond the ATH, but unlike other coins who are yet to break their all time highs, INJ is already past that point. It's riskier 💥 in my honest opinion, but we are in a Bull Market 🐂📈, things can go beyond.

3. Current Market

Injective INJ Token has reached its All Time High roughly four hours ago, with³ $52.62 per Token. This is about a full 80x from its All Time Low.

Since the coin has reached and it's past its full potential from the bottom, proceed with care. We are in a Bull Market and thus the value can go much higher despite the lack of multiplicative potential using ATH as measurement.

The coin ever since this ATH, fell almost 15%⁷, reaching 45.7 territory over the course of the last 3 hours. While this is worrying, it presents a new opportunity for perhaps, a new pump towards the ATH. So, for the traders ⚖️ out there, there you go.

Depth Binance chart ⁷ however, shows a number of Stock (Selling) Walls ahead, so the price is set to experience resistance in breaking beyond the All Time High, for as long as the selling wall is present.

This is NOT financial advice. Rather, this article serves educational purpose. Please, make market moves based on your own decisions and considering the current risks, and always, do a bit of research yourself 🔎

🍻 Suggestions/Cover my Coin! 💰

Feel free to 🗨️ Comment article suggestions (e.g. sections I should add on my next review), or coins for review! Most liked comments will get priority in having their mentioned coins reviewed. I particularly like Altcoin projects, but I'm down to Meme Coin Reviews too, even though they are mostly (if not all) speculative.

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#️⃣ Useful Tags

#HotTrends #Injective🔥 #Injective #greeninvestor

📝 Reference List

¹ 「 Injective Review: Everything you need to know」available on YouTube.

² Coinmarket Cap → "Injective INJ Token"

³ Coin Carp → "Injective INJ Token"

⁴ Coin Gecko → "Injective INJ Token"

⁵ Google Search: "Injective Hub" -- Official Hub

⁶ Google Search: "Injective.com" -- Official Website

⁷ Binance's INJ/USDT 1h, 1d, 1w graphs + market depth

⁸ Blox: "What is Injective Protocol?"

⁹ Kraken: "What is Injective? (INJ)"