Injective (INJ) Price Prediction 2023-2030: Will INJ Price Hit $ 20 Soon?

Bits Logics Team . 11th Sep 2023
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  • Bullish Injective (INJ) price prediction ranges from $9 to $20
  • Analysis suggests that the INJ price might reach above $17.
  • The INJ bearish market price prediction for 2023 is $1.2.

Injective (INJ) Price Prediction 2023-2030 Overview

YearMinimum PriceAverage PriceMaximum Price
2023$12$17$25
2024$20$25$32
2025$40$55$65
2026$25$40$70
2027$23$37$50
2028$38$46$65
2029$55$75$90
2030$100$120$180
2040$200$300$400
2050$600$700$950

What is Injective?

Injective is a blockchain built for finance. It is an open, interoperable layer-one blockchain that supports DeFi applications such as decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more.

Injective provides powerful core financial infrastructure primitives that applications for fully decentralized MEV-resistant on-chain order book. Additionally, all forms of financial markets such as spot, perpetual, futures, and options are fully on-chain. Interestingly, the decentralized cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non-AVM chains such as Solana.

Injective also provides the latest highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective is custom-built with the Cosmos SDK and utilizes a Tendermint-based Proof-of-Stake consensus mechanism, providing instant transaction finality with the ability to sustain lightning-fast performance (10,000+ TPS).

Injective (INJ) Market Overview

Injective (INJ) Current Market Status

The maximum supply of Injective (INJ) is 21,000,000 BTC, while its circulating supply is 19,472,306 BTC, according to CoinMarketCap. At the time of writing, Injective is trading at $27,306.14 representing 24 hours increase of 3.02%. The trading volume of Injective in the past 24 hours is $14,053,658,692 which represents a 55.14% decrease.

Some top cryptocurrency exchanges for trading Injective are Binance, Coinbase Pro, OKEx, Kraken, Huobi Global, and Bitfinex. 

Now that you know Injective and its current market status, we shall discuss the price analysis of  Injective (INJ)for 2023.

Injective (INJ) Technical Analysis 2023

The Chart above shows how INJ has been on an upward trend since the beginning of 2023. It has been making higher lows until the beginning of August 2023. Currently, we can see that the trend has changed and INJ is moving downwards. It has been in the lower half of the Bollinger band, at times touching the Simple Moving Average and the Lower band. In the event that buyers and sellers cancel out each other, then, INJ may keep this motion of touching the SMA and the lower Bollinger band in the future. 

When considering the Elder Force Index, it can be seen that it reads a value of 11.547K and the line has moved below the zero line. This shows that the seller may be trying to take over the market. In the event that the sellers, take over the market, then the EFI reading will fall even lower.  

Injective (INJ) Price Prediction 2023

When looking at the chart above, we could see that the gradient of INJ’s increment has reduced and currently, it is moving sideways with a little tilt towards the downward direction. As INJ has ricocheted off of the lower Bollinger band, there is a high chance it could reach the upper Bollinger band. Moreover, if the buyers decide to step in and cash in on the dip, then, we may see INJ increase. In the event that INJ increases, it can reach $9.4 and thereafter $11. With more momentum from the bulls, INJ will increase and reach $17. Contrastingly, if the bears take over the market, then, INJ may reach $1.2 or below.   

Injective (INJ) Price Prediction 2024 

As there will be BTC halving in 2024, the masses will expect a positive trend in the market and there is a high chance that investors could accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum spike for BTC. Hence, INJ could trade at a price, not below $25 by the end of 2024.

Injective (INJ) Price Prediction 2025

BTC may harvest the after-effects of the Injective halving and is intuitively 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, BTC will continue to rise in 2025 forming new resistance levels. As such if this behavior is reciprocated in INJ, It is expected to trade beyond the $55 level.

Injective (INJ) Price Prediction 2026

After a long period of bull run, the market may start to correct the price of BTC. During this period there could be a bearish sentiment, as such BTC could tumble into its support regions. During this period of price correction, INJ could lose momentum and be way below its 2025 price. As such, it could be trading at $40 by 2026. 

Injective (INJ) Price Prediction 2027

There is a tendency for traders to expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next BTC halving in 2028 could evoke excitement in traders. As such, this excitement may be reciprocated in INJ’s prices and we could expect Injective to trade at around $37 by the end of 2027. 

Injective (INJ) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to BTC halving, there will be a positive sentiment in the market. As such, this may be reflected in the price of INJ. Hence, INJ would be trading at $46 after experiencing a considerable surge by the end of 2028. 

Injective (INJ) Price Prediction 2029

2029 is expected to be another bull market as the BTC halving takes effect. In tandem with the stable market sentiment, INJ could be trading at $75 by the end of 2029.

Injective (INJ) Price Prediction 2030

After witnessing a bullish run in the market, BTC 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, INJ could be trading at $120.

Injective (INJ) Price Prediction 2040

The long-term forecast for BTC  indicates that it has the potential to reach a new all-time high(ATH). As this will be the year of BTC halving people would be excited and the buyers would be accumulating INJ. Hence, the price of INJ could be $300. 

Injective (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 INJ could reach $700.

Conclusion

If investors continue showing their interest in INJ and add these tokens to their portfolio, it could continue to rise. INJ’s bullish price prediction shows that it could reach the $17 level. 

FAQs

What is Injective (INJ)?

Injective is a blockchain built for finance. It is an open, interoperable layer-one blockchain that supports DeFi applications.

Can Injective reach $17 soon? 

Injective is one of the few cryptocurrencies that has retained its bullish momentum in the past seven days. If this momentum is maintained, Injective might reach $17 soon.

What is the present all-time low price of Injective?

Injective has a present all-time low price of $0.6557

Where do I store Injective? 

Injective can be stored in a cold wallet, hot wallet, or exchange wallet.

What will be the Injective (INJ) price in 2024?

Injective is expected to reach $25 by 2024.

What will be the Injective (INJ) price in 2025?

Injective is expected to reach $55 by 2025.

What will be the Injective (INJ)  price in 2026?

Injective is expected to reach $40 by 2026.

What will be the Injective (INJ) price in 2027?

Injective is expected to reach $37 by 2027.

What will be the Injective (INJ) price in 2028?

Injective is expected to reach $46 by 2028.

What will be the Injective (INJ) price in 2029?

Injective is expected to reach $75 by 2029.

What will be the Injective (INJ) price in 2030?

Injective is expected to reach $120 by 2030.

What will be the Injective (INJ) price in 2040?

Injective is expected to reach $300 by 2040.

What will be the Injective (INJ) price in 2050?

Injective is expected to reach $700 by 2050.

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. Bits Logics and its affiliates will not be held liable for any direct or indirect damage or loss.