$INJ USDT Trending Now Still 83% Below Its High! 🚀
Some coins trend because of hype and some trend because the product is built for something real and $INJ looks like the second kind. Injective is a fast low-fee layer-1 blockchain built specially for finance so developers can build trading derivatives and other DeFi apps directly on it. The $INJ token is used to secure the network through staking pay fees and vote on its future and the project also burns tokens through regular auctions which helps reduce supply over time. All 100M INJ are already in circulation so there is no unlock waiting over the price. It is a top 65 coin with a $917M market cap still about 83% below its all-time high even after gaining 64% in 30 days and 184% in 180 days. I feel the story has more room so I am keeping INJ on my radar. It is already up 27% today so be patient wait for a smart entry and don't chase. DYOR
Some coins trend because of hype and some trend because the product is built for something real and $INJ looks like the second kind. Injective is a fast low-fee layer-1 blockchain built specially for finance so developers can build trading derivatives and other DeFi apps directly on it. The $INJ token is used to secure the network through staking pay fees and vote on its future and the project also burns tokens through regular auctions which helps reduce supply over time. All 100M INJ are already in circulation so there is no unlock waiting over the price. It is a top 65 coin with a $917M market cap still about 83% below its all-time high even after gaining 64% in 30 days and 184% in 180 days. I feel the story has more room so I am keeping INJ on my radar. It is already up 27% today so be patient wait for a smart entry and don't chase. DYOR