• This article discusses the current market status of Injective (INJ) and provides a price prediction for the cryptocurrency from 2023 to 2030.
• Technical indicators such as RVOL, MA & RSI, ADX & RVI are used to analyze INJ’s price patterns and predict its future movement.
• The article also compares INJ with other major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).

Introduction

This article examines the current market status of Injective (INJ) and forecasts its potential movement in the years ahead. Technical analysis is used to analyze INJ’s price patterns and predict its future movement. Additionally, a comparison between INJ and other major cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), is provided.

Injective (INJ) Current Market Status

Injective (INJ) currently has a circulating supply of 83,755,556 INJ coins at a market cap of $686,438,011 with 24-hour trading volume totaling $25,489,367. Its all-time high occurred on April 30th 2021 when it reached $25.01 while its all-time low was recorded on November 4th 2020 when it traded at $0.6557.

What is Injective?

Injective Protocol is a Layer 2 application developed on the Cosmos blockchain that utilizes cross-chain bridges to allow traders to access cryptocurrencies from platforms such as Ethereum and Polkadot. Unlike other prominent decentralized exchanges like Uniswap or Bancor that use automated market maker algorithms to maintain liquidity; Injective Protocol uses order book concept which has been widely adopted by centralized stock exchanges for many years now providing traders with efficiency of traditional banking combined with transparency of decentralized exchanges.

Injective Price Prediction 2023

Technical analysis indicators such as RVOL ,MA & RSI ,ADX & RVI are employed in this section to predict potential movements in INJs price over the upcoming years starting with 2023; where bullish predictions suggest reaching prices up to $24 while bearish predictions point towards prices around $2 .

Comparison of INJ with BTC & ETH

This section compares the performance of INJs against two major cryptocurrencies; Bitcoin (BTC) & Ethereum (ETH). Here we can observe that both BTC & ETH have seen an exponential increase in their value while being much more volatile than INJs relatively stable growth pattern .