$INJ ETF + $100 in the next bull market

$INJ already showed what it can do in 2024, reaching a $52.75 ATH

If the next cycle rewards projects with history, adoption and institutional credibility

I believe a repeat with 2x performance from that previous ATH, around $100

Over the last few years, Web3 has seen an enormous number of projects disappear

CoinGecko reports that 53.2% of cryptocurrencies tracked on GeckoTerminal had failed by the end of 2025, with 11.6M tokens failing in 2025 alone

A separate survival study of 28,123 CoinMarketCap tokens found only 17% survived five years under its primary definition

That changes what “long-term” means

When thousands of projects launch every cycle and many disappear within a few years, surviving 5+ years becomes more than just an age number

It gives users, developers and institutions a longer track record to evaluate, execution, network activity, liquidity, security, governance and whether the ecosystem is still building after the hype fades

That matters because institutional capital cannot simply follow every new narrative

It needs data, history and infrastructure that can be evaluated

And this is where I think $INJ becomes interesting

Injective mainnet went live in November 2021, meaning it has already built a multi-year track record through multiple market conditions

Its 2024 cycle showed that an established project can still deliver major upside rather than simply becoming an “old coin”

Now add the ETF angle

21Shares has filed an S-1/A for a U.S. $INJ ETF that is designed to track INJ through the FTSE Injective Index

With the filing explicitly describing the fund as holding INJ and potentially staking a portion of its holdings, subject to regulatory and legal consideration

The filing is still a registration statement

That’s important because an ETF structure could give traditional investors another regulated route to gain exposure to $INJ

It’s not simply “$INJ is old, therefore $100”

It’s about 5+ years of survival creating more historical data, a stronger track record, and a longer period for users and institutions to evaluate the network through different market conditions

Add the institutional infrastructure developing around the asset, the potential ETF access, and a new crypto cycle where established projects may receive more attention

That $100 scenario becomes a more interesting possibility to watch

If that narrative plays out and $INJ repeats its 2024 strength with another 2x from its previous ATH, $100 becomes a scenario I’m watching closely