Injective Token (INJ) Price Prediction 2024-2030: Will INJ Price Hit $75 Soon?

• Bullish Injective Token (INJ)price prediction ranges from $50 to $75.
• Analysis suggests that the Injective Token price might reach above $65.
• The Injective Token bearish market price prediction for 2024 is $18.

If you want to diversify your holdings and get experience with different cryptocurrencies, there are several alternative digital currencies to explore besides Bitcoin (BTC) and Ethereum (ETH). Injective Token (INJ) is one of them.

The Injective Protocol is a decentralized exchange (DEX) for perpetual swaps, futures contracts, margin trading, and spot trading. Injective Protocol, unlike other DEXs (such as UniSwap and SushiSwap), does not use an automated market maker (AMM), but instead relies on order book relayers (also known as order matchers) to manage liquidity. 

The protocol also allows for the execution of generic smart contracts using a modular version of the Ethereum Virtual Machine (EVM) built on top of the Cosmos-SDK (based on Ethermint). Injective Protocol intends to decentralize cryptocurrency trading and address concerns such as order collusion and front-running.

If you are interested in the future of Injective Token and want to know their predicted value for 2023, 2024, 2025, and 2030 – keep reading!

Injective Token (INJ) Market Overview

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What is Injective Token (INJ)?

Injective’s native utility token, or INJ, is a cryptocurrency. Staking on the PoS network, token burn auctions, and other governance functions need INJ, making it a rare asset. Since 60% of all dApp fees are auctioned off weekly via a buyback and burn mechanism, the burn auctions on Injective are one of a kind. Thus, the availability of INJ might be drastically reduced over time. The INJ burn auction is one of a kind since it contributes to the overall Injective ecosystem’s value growth. At this time, Injective’s token burn ratio is the highest in the business.

Protocol management, decentralized application (dApp) valuation, Proof-of-Stake (PoS) security, staked development, and incentive programs are all areas where INJ might be used.

Injective offers a cutting-edge, CosmWasm-based smart contract platform with superior interchain features. Injective was developed from the ground up using the Cosmos software development kit (SDK). It uses a Proof-of-Stake consensus mechanism based on Tendermint, allowing for quick transaction settlement and the capacity to maintain high transaction throughput (10,000 TPS).

Over one hundred projects and over one hundred fifty thousand people make up the global Injective community. Investors, including Binance, Pantera Capital, Jump Crypto, and Mark Cuban have put their weight behind Injective.

For developers looking to create DeFi apps on top of the Injective blockchain, Injective offers the most cutting-edge, next-generation financial infrastructure available. Users may gain access to these apps in a manner that is entirely decentralized, quick, cross-chain, low-fee, and safe.

The proof-of-stake (PoS) consensus algorithm used by the Injective Protocol blockchain is based on Tendermint. Reputable validators contribute to not only the decentralization and security of the network but also its stability. Instant transaction settlement and a 99% carbon footprint reduction are possible because of Injective’s consensus process.

Injective Token (INJ) Current Market Status

The maximum supply of Injective Token (INJ) is infinite, while its circulating supply is 83,755,556 INJ, according to CoinMarketCap. At the time of writing, Injective Token is trading at $40.40 representing 24 hours increase of 5.61%. The trading volume of Injective Token in the past 24 hours is $482,102,913 which represents a 12.21% decrease.

Some top cryptocurrency exchanges for trading Injective Token are Bilaxy, Huobi Global, and Uniswap. 

Now that you know Injective Token and its current market status, we shall discuss the price analysis of Injective Token (INJ) for 2024.

Injective Token (INJ) Price Analysis 2024

Will the Injective Token blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect INJ’s sentiment over time? Read more to find out about Injective Token’s 2024 price analysis.

Injective Token (INJ) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

When bands widen it shows that there’s more volatility in the market and the price of INJ could increase or decrease by a large margin. The price consolidates or moves sideways when the bands shrink. 

The above graph shows that INJ was gaining value from the beginning of 2023 to May 2023. The token was continuously making higher highs. Thereafter, INJ consolidated for some time, before June brought yet another spike which lasted until July. 

Come November, INJ started to rise and the bands began to widen. The Bollinger band trend indicator in green shows that INJ has been on an uptrend since November. Currently, INJ has touched the upper Bollinger band and there is a high chance that the INJ could retrace and the price could fall down. Moreover, the Bollinger bandwidth percentile indicator shows a value of 98%, and the bands have widened to the maximum. As such, there could be a period of consolidation coming the future.

Injective Token (INJ) Price Analysis – Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.

The above chart shows that usually, the RSI follows the pattern of how the cryptocurrency moves. When the crypto makes a higher high, the RSI also makes a higher high. However, when the RSI fails to follow the cryptocurrencies’ pattern, then it is called a divergence. 

The Signal line is an average which moves with RSI. Hence, whenever the RSI is below the Signal, it shows that the crypto is losing value or below par. And when the RSI is above the Signal it is performing higher than its par performance. Moreover, the RSI could change as the user changes the period. 

The above chart shows that the RSI has reached the overbought region as it is denoting 79 on its scale. With the developing red candlestick, there may be a small retracement as the market corrects the price. If there is no retracement there could be at least a consolidation phase before the next leg up. Hence, those trying to invest in INJ may need to look for the RSI to crash just below 70 to before entering the market.

Injective Token (INJ) Price Analysis – Moving Average 

The exponential moving average is not much different from the simple moving average. The EMA gives more weightage to the present prices while the SMA equally distributes the values to the frequency. Hence, when the EMA is plotted in the graph it gives a rough idea about how the cryptocurrency has been performing in the past. 

Moreover, the 50-day EMA is considered the short-term length, and the 200-day EMA is considered the long-term.  Whenever the 50-day EMA crosses the 200-day EMA from below it is called a Golden cross, while if it crosses from above, then it is a death cross. However, in this case, we will be using the 50-day EMA as the long-term length and the 10-day EMA as the short-term length.

The above chart shows the 50-day EMA (Red) and the 200-day EMA (Green). As shown in the chart, there was a golden cross that happened at the beginning of 2023. This golden cross produced a drastic spike for INJ which lasted until recently.

Currently, INJ token is rising above both moving averages and the price is increasing exponentially. The token reached out for support from the 50-day EMA just once and kept on increasing. If the traders start to sell INJ and make profits, there is a high chance that INJ could fall back to the 50-day EMA for help. If the 50-day EMA is not able to hold, the falling prices, then, INJ may seek support from the 200-day EMA.

Injective Token Price Prediction 2024-2030 Overview

Year	Minimum Price	Average Price	Maximum Price
2024	$50	$66	$75
2025	$100	$225	$350
2026	$90	$100	$135
2027	$80	$140	$230
2028	$190	$230	$300
2029	$450	$500	$750
2030	$250	$350	$400
2040	$600	$800	$1000
2050	$780	$1500	$2500

Injective Token (INJ) Price Prediction 2024

When considering the chart above, it could be noted that the INJ token was gaining value exponentially. Within a span of three months, the token rose from as low as $6 to $42. Currently, INJ is testing the 2:1 Gann line and there is a high chance that it could break it. 

INJ could rise after breaking the 2:1 Gann line and reach $66 as per the Fibonacci retracement tool used in the chart. But will INJ rise vertically to this resistance level or will it follow a diagonal path is the question, we need to look for answers. 

On the flip side, the upper Bollinger bands are hindering the above-stated thesis from validating. The Bollinger bands signal that INJ is overbought and that there could be a retracement. In the event that there is a retracement, INJ may seek the help of 0.618 fib level. This is because there is a high volume node present at this range. Nonetheless, if the retracement turns out to be a bear run, then INJ may fall to the Point of Control (PoC) which is below $18.

Injective Token (INJ) Price Prediction – Resistance and Support Levels

The above chart shows how INJ had a drastic climb above the 1:4 Gann level in November 2020. Thereafter, the token fell and reached for support from the 1:1 Gann line before rising again. After reaching above $14, INJ started to crash. It was crashing below the 2:1 Gann line. The token reached almost $1.16 in June 2022 and continued consolidating until 2023. However, the dawn of 2023 brought some new hope to INJ as it started to rise.

Currently, the INJ token has risen from the 0.236 Fibonacci retracement level to almost the Fib 1 level. The specialty of this rise is that INJ spiked vertically from the above-mentioned fib level. Hence, INJ is overbought, the market may correct the price. However, if buyers keep accumulating INJ, which they will, with the given favorable conditions, then it will be a question of when it will reach the 1.618 fib level, rather than if it will.

Injective Token (INJ) Price Prediction 2025

Injective Token may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, Injective Token will continue to rise in 2025 forming new resistance levels. It is expected that Injective Tokens will trade beyond the $225 level.

Injective Token (INJ) Price Prediction 2026

It is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, Injective Token could tumble into its support regions. During this period of price correction, Injective Token could lose momentum and be way below its 2025 price. As such, it could be trading at $100 by 2026.

Injective Token (INJ) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in EOS. As such, we could expect Injective Token to trade at around $140 by the end of 2027.

Injective Token (INJ) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, Injective Token may reciprocate its past behavior during the BTC halving. Hence, Injective Token would be trading at $230 after experiencing a considerable surge by the end of 2028.

Injective Token (INJ) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, Injective Token could be trading at $500 by the end of 2029.

Injective Token (INJ) Price Prediction 2030

After witnessing a bullish run in the market, Injective Token and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Injective Token could be trading at $350.

Injective Token (INJ) Price Prediction 2040

The long-term forecast for Injective Token indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then Injective Token could fall in value. It is expected that the average price of Injective tokens could reach $800 by 2040.

Injective Token (INJ) Price Prediction 2050

Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such Injective Token could reach $1500.

Conclusion

If investors continue showing their interest in Injective Token and add these tokens to their portfolio, it could continue to rise. INJ’s bullish price prediction shows that it could reach $66 level.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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