{"id":432235,"date":"2023-08-23T11:05:19","date_gmt":"2023-08-23T11:05:19","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=432235"},"modified":"2023-08-23T11:05:19","modified_gmt":"2023-08-23T11:05:19","slug":"injective-price-prediction-inj-dumps-2-trading-revolution-or-just-a-phase","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/injective-price-prediction-inj-dumps-2-trading-revolution-or-just-a-phase","title":{"rendered":"Injective Price Prediction: INJ Dumps 2% \u2013 Trading Revolution or Just a Phase?"},"content":{"rendered":"<p>The Injective price has decreased by 2% in the last 24 hours before receiving a slight bounce of 0.79%. Is this surge a signal of an uptrend, or is it another volatile phase the crypto is going through today?<\/p>\n<h2>Injective Drops by 2% Before bounce<\/h2>\n<p>Earlier today, Injective went through a steep decline of 2% which caused a panic rally that pushed it above 0.76%.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-432236\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Injective-price-chart-3.png\" alt=\"Injective price chart\" width=\"1215\" height=\"785\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Injective-price-chart-3.png 1215w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Injective-price-chart-3-300x194.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Injective-price-chart-3-1024x662.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Injective-price-chart-3-768x496.png 768w\" sizes=\"(max-width: 1215px) 100vw, 1215px\"><\/p>\n<p>That slight bounce has resulted in the INJ price reaching $7.50 at 4:35 am EST, coupled with the minor increase in its market capitalization by 0.73% and a 13.75% pump in its trading volume in the last 24 hours.<\/p>\n<h2>What is Injective?<\/h2>\n<p>Injective is a DeFi blockchain that leverages its layer-one technology to create the next generation of DeFi applications, including DEX, which supports spot and derivates trading, lending protocols, and more.<\/p>\n<p>We provide unique financial infrastructure primitives that DeFi applications can use, including a fully decentralized MEV-resistant on-chain order book. That allows all the trading features we often see on centralized exchanges, such as spot, margin, and derivates trading, to work within a decentralized ecosystem.<\/p>\n<p>Injective opened in 2023 at $1.6 before steadily climbing the chart when Bitcoin gained support. Since then, the token has mostly traded inside the green zone, flip-flopping between $9.5 and $5.6. Another reason behind this optimal performance is the constant updates.<\/p>\n<p>Also, Injective has recently introduced its most considerable tokenomics upgrade, increasing the amount of INJ tokens to be burned weekly.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ Injective today is releasing its largest tokenomics upgrade yet which can dramatically increase the amount of INJ burned weekly.<\/p>\n<p>Now all dApps built on Injective can contribute to the <a href=\"https:\/\/twitter.com\/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$INJ<\/a> burn auction with no limit on how much they can burn.<a href=\"https:\/\/t.co\/VCoc2lSjaA\">https:\/\/t.co\/VCoc2lSjaA<\/a><\/p>\n<p>&mdash; Injective &#129399; (@injective) <a href=\"https:\/\/twitter.com\/injective\/status\/1691828250232696902?ref_src=twsrc%5Etfw\">August 16, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>These developments have allowed INJ to stay above the $7 level since June 2023.<\/p>\n<h2>Injective Price Analysis<\/h2>\n<p>While INK has primarily traded in the green, there has been a 28% decline in its price since July 14th, &ndash; partly because Bitcoin lost $30k support. Another red formed on August 16th pushed down the value of this token to $6.8, which led bulls to get into action and bounce the token above the $8 mark before the recent decline.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-432263\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Injective-Price-Analysis.png\" alt=\"Injective Price Analysis\" width=\"1557\" height=\"1250\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Injective-Price-Analysis.png 1557w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Injective-Price-Analysis-300x241.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Injective-Price-Analysis-1024x822.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Injective-Price-Analysis-768x617.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Injective-Price-Analysis-1536x1233.png 1536w\" sizes=\"(max-width: 1557px) 100vw, 1557px\"><\/p>\n<p>The upper and lower trendlines are currently parallel. It can move up if the token is above to cross its $7.5 psychological resistance. However, a fall below the $6 mark will see this token decline further.<\/p>\n<p>However, the token&rsquo;s RSI is currently in the middle, and its MACD is in the negative zone, which shows people aren&rsquo;t interested in Injective.<\/p>\n<h2>Injective Alternative &ndash; Launchpad XYZ<\/h2>\n<p>While Injective&rsquo;s adherence to keeping crypto trading decentralized is admirable, the project is still tough to understand, which can act as a bottleneck for bringing more people to DeFi.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/launchpad\" rel=\"nofollow\">Launchpad XYZ<\/a>, conversely, is a project that encompasses all facets of Web 3 but presents them in a &ldquo;human&rdquo; way. While it carries all the sophistication of Injective and other decentralized projects, it gives them in a user-friendly format, helping people pick the best blockchain project to invest their time and money into.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-432264\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Launchpad-XYZ-features.png\" alt=\"Launchpad XYZ features\" width=\"1778\" height=\"1291\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Launchpad-XYZ-features.png 1778w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Launchpad-XYZ-features-300x218.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Launchpad-XYZ-features-1024x744.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Launchpad-XYZ-features-768x558.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Launchpad-XYZ-features-1536x1115.png 1536w\" sizes=\"(max-width: 1778px) 100vw, 1778px\"><\/p>\n<p>Launchpad XYZ features its own AI to help users pick the best project, a Trade Edge module that will help beginner and veteran investors create their own frameworks, and NFT assessment and crypto assessment tools.<\/p>\n<p>These features have helped this project raise more than $1.3 million during its presale. Those interested can buy LPX tokens by going to <a href=\"https:\/\/insidebitcoins.com\/visit\/launchpad\" rel=\"nofollow\">Launchpad.<\/a> XYZ&nbsp;at a discount price of $0.0445 today.<\/p>\n<h3>Related<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-web3-crypto-projects\">Best Web 3 Projects<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-cryptocurrency-to-buy\">Best Cryptos to Buy<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - Wall Street Pepe<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/12\/Wepe-Logo-500x500-1.png\" alt=\"Wall Street Pepe\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Audited By Coinsult<\/li>\n                                                                                                    <li>Early Access Presale Round<\/li>\n                                                                                                    <li>Private Trading Alpha For $WEPE Army<\/li>\n                                                                                                    <li>Staking Pool - 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Is this surge a signal of <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1854,"featured_media":432275,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-432235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Injective Price Prediction: INJ Dumps 2% \u2013 Trading Revolution or Just a Phase?<\/title>\n<meta name=\"description\" content=\"The Injective price has decreased by 2% in the last 24 hours before receiving a slight bounce of 0.79%. 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Is this surge a signal of an uptrend, or is it","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/432235","og_locale":"en_US","og_type":"article","og_title":"Injective Price Prediction: INJ Dumps 2% \u2013 Trading Revolution or Just a Phase?","og_site_name":"InsideBitcoins.com","article_published_time":"2023-08-23T11:05:19+00:00","og_image":[{"width":1093,"height":591,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Injective-Price-Prediction.png","type":"image\/png"}],"author":"Eric Dunne","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Eric Dunne","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/432235#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/432235"},"author":{"name":"Eric Dunne","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/d70e892149ca0d09c930fce1ce8a719e"},"headline":"Injective Price Prediction: INJ Dumps 2% \u2013 Trading Revolution or Just a Phase?","datePublished":"2023-08-23T11:05:19+00:00","dateModified":"2023-08-23T11:05:19+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/432235"},"wordCount":540,"commentCount":0,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/432235#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Injective-Price-Prediction.png","articleSection":["More Crypto News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/432235#respond"]}]},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/432235","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/432235","name":"Injective Price Prediction: INJ Dumps 2% \u2013 Trading Revolution or Just a Phase?","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/432235#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/432235#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/Injective-Price-Prediction.png","datePublished":"2023-08-23T11:05:19+00:00","dateModified":"2023-08-23T11:05:19+00:00","description":"The Injective price has decreased by 2% in the last 24 hours before receiving a slight bounce of 0.79%. 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