2021-12-27 00:57 |
A promising DeFi start-up project from a few years ago, Injective Protocol has recently become interesting again. The long-awaited launch of the Canary Chain on the Injective Protocol main net has gone live with spot trading on their decentralized exchange (Dex).
It’s still early days for Injective Protocol as an exchange, but ‘early days’ is an investor’s dream if the project is a solid one. Should we all be buying INJ, their proprietary token? There’s good news and bad news.
What is Injective Protocol?It’s a Dex but with a few differences. Most Dexs run an AMM (Automated Market Maker) algorithm to generate the market. This maintains a pool of cryptocurrencies in pairs which are rebalanced after every trade. It’s the way that classic Dexs automated the market-making process. Injective Protocol has an order book like most Cexs (Centralized Exchanges), but more of this and a few other interesting features later.
INJ is Injective Protocol’s obligatory exchange token. The exchange is still in the early stages of release so it’s difficult to know how it will function when all the features are implemented. The initial releases’ maximum trade is $50 and there’s only a spot market at the moment. I like this cautious approach to launch, in principle. Too many times we’ve seen hastily implemented code bring down a project and lose people money.
Injective Protocol Price Prediction For The Next 3 MonthsIs Injective Protocol (INJ) currently undervalued? That’s the fundamental question. Let’s look under the hood to check if the component parts are up to the job. Will Injective Protocol be fit for purpose if it does capture significant market share?
The whole crypto market is currently on the verge of a real bull run. There is no broader consensus as crypto analysts are divided as some of them are still calling this market a bull trap. Others, led by famous on-chain experts like Will Clemente and Willy Woo, are calling this a preparation stage for a face-melting bull run. As always, bitcoin has the final say and altcoins will follow suit once the flag bearer decides the direction. Right now, Bitcoin is sucking the life out of altcoins but once it settles in the new price range, altcoins will start to pump - we have witnessed this scenario dozens of times in the distanced and more recent history. Our price prediction model is bullish for the next 90 days with a hint of a bear market at the turn of the year. We expect whales and other bigger players in the market to take their profits around that time which will cause a typical and sudden crypto crash. CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project. Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.
Below is a tabular overview of how will INJ develop in the short-term (for the next 90 days), according to our prediction model:
Next 30 days Next 60 days Next 90 days 2021-12-28 +9.65 % $ 10.12 2021-12-29 +5.18 % $ 9.71 2021-12-30 +8.59 % $ 10.02 2021-12-31 +7.11 % $ 9.89 2022-01-01 +0.63 % $ 9.29 2022-01-02 +7.90 % $ 9.96 2022-01-03 +7.39 % $ 9.91 2022-01-04 +3.23 % $ 9.53 2022-01-05 +6.25 % $ 9.81 2022-01-06 +2.06 % $ 9.42 2022-01-07 +12.03 % $ 10.34 2022-01-08 +9.19 % $ 10.08 2022-01-09 +5.77 % $ 9.76 2022-01-10 +12.79 % $ 10.41 2022-01-11 +4.75 % $ 9.67 2022-01-12 +10.67 % $ 10.22 2022-01-13 +12.65 % $ 10.40 2022-01-14 +9.63 % $ 10.12 2022-01-15 +13.10 % $ 10.44 2022-01-16 +11.33 % $ 10.28 2022-01-17 +5.48 % $ 9.74 2022-01-18 +7.93 % $ 9.96 2022-01-19 +9.29 % $ 10.09 2022-01-20 +15.35 % $ 10.65 2022-01-21 +10.10 % $ 10.16 2022-01-22 +14.06 % $ 10.53 2022-01-23 +7.05 % $ 9.88 2022-01-24 +5.72 % $ 9.76 2022-01-25 +6.94 % $ 9.87 2022-01-26 +14.80 % $ 10.60 2022-01-27 +7.06 % $ 9.88 2022-01-28 +8.16 % $ 9.98 2022-01-29 +14.75 % $ 10.59 2022-01-30 +9.83 % $ 10.14 2022-01-31 +8.88 % $ 10.05 2022-02-01 +18.49 % $ 10.94 2022-02-02 +7.55 % $ 9.93 2022-02-03 +14.08 % $ 10.53 2022-02-04 +17.93 % $ 10.89 2022-02-05 +14.18 % $ 10.54 2022-02-06 +16.36 % $ 10.74 2022-02-07 +10.11 % $ 10.16 2022-02-08 +20.11 % $ 11.09 2022-02-09 +19.69 % $ 11.05 2022-02-10 +20.15 % $ 11.09 2022-02-11 +15.57 % $ 10.67 2022-02-12 +14.80 % $ 10.60 2022-02-13 +17.73 % $ 10.87 2022-02-14 +16.96 % $ 10.80 2022-02-15 +21.83 % $ 11.25 2022-02-16 +15.33 % $ 10.65 2022-02-17 +19.46 % $ 11.03 2022-02-18 +22.55 % $ 11.31 2022-02-19 +14.30 % $ 10.55 2022-02-20 +16.42 % $ 10.75 2022-02-21 +14.29 % $ 10.55 2022-02-22 +20.43 % $ 11.12 2022-02-23 +15.31 % $ 10.64 2022-02-24 +17.39 % $ 10.84 2022-02-25 +17.97 % $ 10.89 2022-02-26 +18.00 % $ 10.89 2022-02-27 +21.63 % $ 11.23 2022-02-28 +16.18 % $ 10.72 2022-03-01 +25.16 % $ 11.55 2022-03-02 +23.21 % $ 11.37 2022-03-03 +22.61 % $ 11.32 2022-03-04 +26.69 % $ 11.70 2022-03-05 +26.15 % $ 11.64 2022-03-06 +18.94 % $ 10.98 2022-03-07 +25.51 % $ 11.59 2022-03-08 +24.46 % $ 11.49 2022-03-09 +22.81 % $ 11.34 2022-03-10 +20.35 % $ 11.11 2022-03-11 +26.59 % $ 11.69 2022-03-12 +25.18 % $ 11.56 2022-03-13 +21.10 % $ 11.18 2022-03-14 +26.15 % $ 11.65 2022-03-15 +27.95 % $ 11.81 2022-03-16 +29.42 % $ 11.95 2022-03-17 +23.65 % $ 11.41 2022-03-18 +29.37 % $ 11.94 2022-03-19 +18.92 % $ 10.98 2022-03-20 +26.34 % $ 11.66 2022-03-21 +27.35 % $ 11.76 2022-03-22 +30.99 % $ 12.09 2022-03-23 +19.87 % $ 11.07 2022-03-24 +29.40 % $ 11.94 2022-03-25 +20.64 % $ 11.14 2022-03-26 +31.54 % $ 12.14 2022-03-27 +21.20 % $ 11.19 let tableHeaders = document.getElementsByClassName('short-table-header-item'); let tableContents = document.getElementsByClassName('short-table-content-item'); for(let i=0; iSimilar to Notcoin - TapSwap on Solana Airdrops In 2024
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