Injective (INJ) Price Prediction 2024-2030: Will INJ Price Hit $100 Soon?

• Analysis of the daily INJ/USD chart showed that the token could increase to $60.75 in 2024.
• The price might increase to $102.43 in 2025 but could decrease to $75 in 2026.
• By 2030, the price of INJ could be trading at a higher value than $400.

Although Injective has existed for about four years, INJ’s breakout came in 2023 when it outperformed Bitcoin (BTC) and many other altcoins. As a result, the token has become one of the most sought-after cryptocurrencies in the market.

However, the bullish momentum slowed down at some point, suggesting that the uptrend was overbought. But in recent times, INJ has resumed the upswing. Find out the price prediction of the token from 2024 to 2030.

Injective (INJ) Real Time Market Status

What is Injective (INJ)?

Injective is a layer-1 smart contract blockchain that provides great infrastructure for different financial applications. Some of the applications Injective powers are spot and derivatives exchanges, prediction markets, and Decentralized Finance (DeFi) applications.

With its infrastructure, Injective offers cross-chain interaction among blockchains. Some of the blockchains Injective interacts with are Ethereum, Solana, and Cosmos.

Specifically, Injective uses the Cosmos Software Development Kit (SDK). This integration enables the protocol to process over 10,000 transactions per second. Furthermore, Injective operates on the Proof-of-Stake (PoS) consensus mechanism, and INJ is its governance token.

With the tokens, holders of INJ can contribute to proposals put forward by the Decentralized Autonomous Organization (DAO). As such, if the project decided to deploy an upgrade, or launch a Testnet, it would need the approval of INJ holders. 

INJ also allows users, developers, and validators to stake the token. To learn more about INJ, check the next segment.

INJ Current Market Status

INJ’s price as of this writing was $29.08, representing an 11% increase in the last 24 hours. Following the price increase was the trading volume. According to CoinMarketCap, the 24-hour trading volume of INJ was 153.33 million. 

This was a 65.43% hike in the last 24 hours, meaning that speculative activity around the token has been surging. At one point, INJ dropped out of the top 50 projects in terms of market cap. But as of this writing, it has been able to reclaim the 48th spot with a market cap of $2.70 billion.

Furthermore, the maximum supply of INJ is 100 million. 93.40 million out of this is in circulation, indicating that almost 100% of the total supply has been unlocked. If you intend to buy INJ, you can visit exchanges including Binance,  Coinbase, Bybit, Dojoswap, OKX,  Kraken, and many more.

Injective (INJ) Price Analysis

Here is an overview of the price prediction of MATIC. In this segment, you will learn about the bullish and bearish bias, as well as factors that can influence its price from 2024 to 2030.

Injective (INJ) Price Analysis – Bollinger Bands

As of this writing, the Bollinger Bands (BB) had expanded, indicating that volatility around the token had increased. This was also one of the reasons INJ’s price extended to $29.80. With the expansion, INJ could experience wild price swings.

Furthermore, the upper band, of the BB tapped INJ around $29, suggesting that the token was overbought. As such, the price might retrace, and INJ could drop to $26.12. But if buying pressure increases, INJ might jump past $32 in the short term.

Injective (INJ) Price Analysis – Relative Strength Index (RSI)

According to the 4-hour chart, the Relative Strength Index (RSI) was 72.50. This reading was an indicator that the momentum around INJ was bullish.

However, the RSI reading also indicated that INJ was overbought. In a case like this, the price of the token could reverse downwards. However, if bulls continue to defend the upswing, INJ might hit a weekly high.

Injective (INJ) Price Analysis – Moving Average Convergence Divergence

The Moving Average Convergence Divergence (MACD) indicates momentum like the RSI. As of this writing, the MACD was positive, suggesting that the momentum around INJ was bullish. 

Sustaining a bullish momentum could lead to higher prices. However, there is a condition attached to it, and it has to do with the Exponential Moving Average (EMA). At press time, the 12 EMA (blue) was above the 26 EMA (orange), indicating that buyers were in control of the market.

However, if the 26 EMA cross over the shorter EMA, it could put a stop to the bullish momentum and INJ could trade at a lower value.

Injective (INJ) Price Prediction 2024

To analyze the 2024 price prediction, Coin Edition looked at the INJ/IUSD chart. One indicator to predict the price was the On Balance Volume (OBV) which measures buying and selling pressure.

As of this writing, the OBV had skyrocketed to 18.17 million, indicating that a lot of market participants were accumulating INJ in large numbers. If sustained, the price of INJ could rise higher. 

Another indicator supporting the upswing was the Supertrend. On the daily chart, the Supertrend flashed a buy signal at $23.42 and has been able to surpass the supply region. As it stands, INJ’s price could move higher and the value could be worth $60.75 in 2024.

Injective (INJ) Price Prediction – Resistance and Support Levels 

Coin Edition went back to the 4-hour INJ/USD chart to analyze the support and resistance levels for the token. On the chart, we spotted support at $22.49 which was vital to the token’s rally to its all-time high.

Another crucial area for INJ was $25.05 which was a resistance that bulls have breached. It was the same case with the resistance at $27.68. Going forward, a decline below this resistance could send INJ down to $25. However, if bulls turn this resistance into support, the price could go higher.

Injective (INJ) Price Prediction 2025

The price of INJ could rally to a new all-time high in 2024. From our projections, the token could become one of the best gainers as the DeFi sector could experience a surge in traction. Should this happen, INJ could hit $102.43.

Injective (INJ) Price Prediction 2026

In 2026, INJ might undergo a correction. This is because the supply in profit could be 100% at the beginning of the year and as such, holders of the token could book some of the gains. Therefore, INJ’s price could drop to $75 in 2026.

Injective (INJ) Price Prediction 2027

By 2027, the price of INJ could bounce off the lows. This could be due to increased demand for the token. However, this does not mean that it would hit 2025 high. But the price could end up trading at $89.50.

Injective (INJ) Price Prediction 2028

The price of INJ could continue to jump in 2028. This time, the rally could be intense and the token could reach $220 within the year.

Injective (INJ) Price Prediction 2029

The price performance in 2029 could be a little mild. However, the value of INJ might still increase as the community could grow into tens of millions. Therefore, INJ could trade at $287.36.

Injective (INJ) Price Prediction 2030

In 2030, the price of INJ might continue to increase. While there are predictions that the price might hit $500, the token could fail to hit such a height. From our analysis, INJ could be worth $412.65.

Injective (INJ) Price Prediction 2040

In 2040, the crypto market could be hit with challenges and a regulatory witchhunt. This could affect prices and INJ could be affected. However, the price might increase but it could be minimal. As such, INJ could be worth $496.08 in 2040.

Injective (INJ) Price Prediction 2050

The crypto market adoption in 2050 could be surreal, suggesting that prices could be higher. Considering Injective’s fundamentals, INJ could be worth $730 in 2050

Conclusion

Going forward, Injective linked with artificial intelligence and decentralized finance could help it remain a relevant project in the long term. However, INJ’s price could be affected by downturns at some point. If this is the case, the price might decline. But for most of the coming years, the market cap and price of INJ could hit new highs.

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