What is Injective Protocol?
Injective Protocol aiming to unveil full potential of Decentralized Finance teaming up with Binance. The network followed by layer-2 exchange protocol and front running resistance that allowing user trading, swaps, CFDS and mores. Injective protocol said to be first ever fully decentralized protocol as it makes comeback after crypto market start going up again. Originally project was under development since 2018 and it launches it mainnet in 2020.
Injective protocol has implemented on cosmos SDK module and build using EVM on tendermint. However, in their chain network uses tendermind proof of stake algorithm that unlock cross-chain ability with trading. network also coming up solution for front-running by implementing collision resistant and VDF. so, in short network uses comibination of Ethereum and cosmos ecosystem that unlock many features in DeFi space. in DeFi injective protocol offers fast cross-chain trading, low gas fees and instant swap between two different ecosystems.
Project as per their top mentioned fully decentralized that means it will be driven by community itself. all major decision on platform like listing, system upgradation will be done via voting on DAO. for community project also introduced liquidity mining incentive that help community to earn reward from network.
Injective Protocol Price Prediction
|Month & Year||INJ Price Prediction|
Injective Protocol Overview
|Project name||Injective Protocol|
|Based on||DeFi Protocol|
|All-time high||$1.87 USD|
|Exchange Platform||Binance, VCC Exchange, Dcoin, Hotbit, Pancakeswap, wazirX, Gate.io, Poloniex|
INJ ICO Overview
|Raised by||3,600,000 USD|
|Date of ICO||20th October 2020|
|ICO Price||$0.60 USD|
|Partners||Binance, Pantera, Hashed, Bitlink, CMS, Startx, K42, QCP Capital, Altonomy.|
INJ Price Analysis
INJ is utility token of injective protocol ecosystem as it plays important role from participating in governance to used as mode transaction on platform. INJ must be preowned to take participation in cross-chain trading, yield generation of multiple assets. Now comparing ICO price with today’s average prices INJ already surge with 3x. however, injective protocol already features in google trending along with Nucypher and it could indicate huge growth in future. since, its launch INJ maintained average price above $1 USD and it is very close to reach $2 USD mark as of writing. Injective Protocol DEX running on testnet and once it fully activated with mainet, there will be huge growth in market volume and price.
How Much INJ Worth in 2030?
Most probably worth more than $25 USD.
Is Injective Protocol a Good Investment?
New rising DeFi protocol but we still suggest do proper research.
Injective protocol got decent start in 2020, as market is expected to surge yet again and following success of DeFi project. we know 2020 year was in favour of decentralized finance and in the end, there was little momentum shifting to top coins. As we know key and old project losing ranking in the market but after Bitcoin soaring bringing that project into their original position. However, Injective protocol is not only project that claim to be fully decentralized but as per their partnership and integration they might have big advantage over other. so, if market manages to keep momentum up then injective protocol sees good response at the end of year.