Injective Protocol Price Down 8.5% Over Last 7 Days (INJ)

Injective Protocol (INJ) traded up 3% against the US dollar during the twenty-four hour period ending at 7:00 AM E.T. on October 20th. Injective Protocol has a total market capitalization of $881.44 million and $93.16 million worth of Injective Protocol was traded on exchanges in the last 24 hours. One Injective Protocol token can currently be bought for about $8.82 or 0.00007960 BTC on major exchanges. During the last week, Injective Protocol has traded 8.5% lower against the US dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 3.4% higher against the dollar and now trades at $110,862.93 or 1.00088749 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 1.8% against the dollar and now trades at $108,522.08 or 0.99620786 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Injective Protocol Token Profile

Injective Protocol’s launch date was October 17th, 2020. Injective Protocol’s total supply is 100,000,000 tokens and its circulating supply is 99,970,935 tokens. The Reddit community for Injective Protocol is https://reddit.com/r/injective and the currency’s Github account can be viewed here. The official website for Injective Protocol is injective.com. Injective Protocol’s official Twitter account is @injective_ and its Facebook page is accessible here.

According to CryptoCompare, “The Injective project aims to make currency exchanges completely decentralized, public operated networks. What this means is the exchange is solely operated by people who hold INJ tokens. There is no centralized governing body that enforces control over the development of the project. The Injective Protocol project officially launched via a public offering in 2020, and it was backed by names in the industry like Binance, Pantera and Hashed.The Injective Chain is the blockchain foundation of the project. It hosts a completely decentralized order book and employs elements from the Ethereum Virtual Machine (EVM). The platform also incorporates a bi-directional token bridge, linking it to the Ethereum ecosystem.”

Buying and Selling Injective Protocol

It is usually not presently possible to purchase alternative cryptocurrencies such as Injective Protocol directly using US dollars. Investors seeking to trade Injective Protocol should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Injective Protocol using one of the exchanges listed above.

INJ/USD price chart by TradingView