Injective (INJ) Crypto
Injective (INJ) Crypto
Injective (INJ) is a financial-focused blockchain. It serves as a foundational layer for a variety of DeFi applications, such as decentralized exchanges for spot and derivatives trading, prediction markets, and lending platforms.
It has a live market capitalization of $1.78 Billion and ranks 45th in the cryptoverse. The transaction volume has surged to $206 million a day. out of 100 Million total supply, 93.40 Million INJ tokens are presently in circulation.
The daily INJ/USD chart highlights that Injective crypto price has been in a long term downtrend and has since mid June after the bulls failed to reclaim a bullish territory above the 200 day Exponential moving average.
Currently, the crypto has made a breakdown of the short term consolidation near the $20 level indicating a bearish continuation on the charts.
Injective (INJ) is a financial-focused blockchain. It serves as a foundational layer for a variety of DeFi applications, such as decentralized exchanges for spot and derivatives trading, prediction markets, and lending platforms.
It has a live market capitalization of $1.78 Billion and ranks 45th in the cryptoverse. The transaction volume has surged to $206 million a day. out of 100 Million total supply, 93.40 Million INJ tokens are presently in circulation.
The daily INJ/USD chart highlights that Injective crypto price has been in a long term downtrend and has since mid June after the bulls failed to reclaim a bullish territory above the 200 day Exponential moving average.
Currently, the crypto has made a breakdown of the short term consolidation near the $20 level indicating a bearish continuation on the charts.
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