{"id":424796,"date":"2023-07-17T22:10:29","date_gmt":"2023-07-17T22:10:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=424796"},"modified":"2023-07-17T23:46:52","modified_gmt":"2023-07-17T23:46:52","slug":"inj-experiencing-price-fluctuations-wall-street-memes-emerge-as-potential-competitor","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/inj-experiencing-price-fluctuations-wall-street-memes-emerge-as-potential-competitor","title":{"rendered":"INJ Experiencing Price Fluctuations: Wall Street Memes Emerge as Potential Competitor"},"content":{"rendered":"
INK (Injective) blockchain is an open-source, Layer 1 interoperable blockchain that is the next-generation blockchain for cross-chain transactions.<\/p>\n
Injections drive decentralized applications such as prediction markets, lending protocols, derivative exchanges, and spot platforms. It also supports the execution of smart contracts.<\/p>\n
Injective employs Tendermint-based proof-of-stake consensus to accomplish this and leverages the Cosmos SDK mechanism, ensuring swift and seamless transactions with a remarkable performance<\/a> of over 10,000 transactions per second (TPS).<\/p>\n As of 9:49 EST on July 18, 2023, the native coin of the project, INJ, is experiencing a 3% decline in price, with a current market cap of $712 million. Despite the price dip, there’s a notable 21% increase in trading volume over the last 24 hours. The coin is trading at $8.924, showing a relatively stable performance in the past week, with a low of $7.88 and a high of $9.71.<\/p>\n Looking at its overall trajectory, INJ has displayed impressive growth, gaining 1% over the last 2 weeks and a staggering 560% increase over a year. These figures reflect the asset’s strong performance and market potential, as TradingView reported.<\/p>\nThe Latest INJ Price Trend<\/h2>\n
INJ Price Fluctuations Based on Technical Overview<\/h2>\n