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Injective Protocol (INJ) Price
 

Injective Protocol (INJ) Price

$5.2486 11.04%

24H
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ERC20

Latest Updates

Updated at 09:54

Market cap

$524,708,970.38 

Market rank

#88 

Volume 24H

$65,890,320.04 45.53%

Price change 24h

-$0.57958 11.04%

Price change 7d

-$0.15424 2.94%

What about Injective?

INJ is a decentralized exchange (DEX) that provides cross-chain margin trading, derivatives, and forex futures trading. As a layer 2 application developed on the Cosmos blockchain, the protocol makes use of cross-chain bridges to give traders access to cryptocurrencies on networks like Polkadot and Ethereum. When managing liquidity, Injective Protocol does not employ an automated market maker (AMM) formula. Instead, it uses the order book model, which has been popular among centralized stock and cryptocurrency exchanges for years. In this way, Injective seeks to combine the efficiency of traditional finance with the transparency of decentralized exchanges.

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FAQ

What determines the price of Injective Protocol?

The price of Injective Protocol is determined by a range of factors, including supply and demand, market news and events, investor sentiment, and competition from other cryptocurrencies.
Investors can follow the performance of INJ on various platforms, including online exchanges and price-tracking websites like Changelly. By monitoring market news and keeping up to date on the cryptocurrency's performance, investors may gain insights into its prospects and make informed investment decisions.
However, it's worth keeping in mind that cryptocurrency prices are highly volatile and can fluctuate rapidly, so you should exercise caution and conduct your research before investing.

What was the starting price of Injective Protocol?

The starting price of an asset refers to the price at which it debuted on the market.
The change in price is due to various factors, including mainstream acceptance of the cryptocurrency, the size of the initial offering, and the level of demand from investors.
You can find historical price data for INJ on Changelly's real-time charts. They offer valuable insights into the cryptocurrency's past performance and can help you make informed investment decisions.
When investing in cryptocurrencies, keep in mind that prices can change quickly due to market conditions and other factors.

What was the highest price of Injective Protocol?

The highest price of Injective Protocol refers to the highest value that it has ever achieved on the market. This can be influenced by a range of factors, including market demand, investor sentiment, and the overall health of the cryptocurrency ecosystem.
You can track real-time prices of INJ with just a few clicks on Changelly. Our platform provides you with access to historical price data so you can easily analyze the performance of the cryptocurrency over time. Interactive charts make it super easy to understand and help you stay on top of market trends, identify key price points, and keep up with the latest industry developments all in one place.
It is important to note that the highest price ever reached by a cryptocurrency in the past does not always mean it is going to do well in the future. So, before investing, you should exercise caution and do your research.

What was the lowest price of Injective Protocol?

Cryptocurrencies are known for their volatile nature, and their prices can fluctuate rapidly in a short period. As a result, traders are always keen to know the lowest price of a cryptocurrency to assess its potential risks and returns.
With Changelly's live charts, you can easily view historical price data for a wide range of cryptocurrencies, including Injective Protocol. Our charts provide a wealth of information on the performance of an asset, including its lowest price point.
It is crucial to remember that the crypto's previous lows do not mean it is doomed to fail. Before making any investments, take your time to research and proceed with caution.

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