The analysis of Injective ($INJ ) reveals a strong long-term growth potential due to recent developments in the network and protocol.

▫️Positive Points:

1. INJ 3.0 Launch: One of the major improvements is the new upgrade that reduces the total supply of the token, making it more deflationary. This move supports long-term value appreciation as the supply decreases over time.

2. Transaction Volume: Injective has surpassed the $1 billion mark in on-chain transaction volume, a strong indicator of increased usage in decentralized finance (DeFi). This growth boosts the network’s credibility and value in the market.

3. TVL Growth: The Total Value Locked (TVL) in Injective reached $39.1 million, reflecting strong investor confidence in the protocol and growing interest in Injective’s projects.

▫️Outlook:

Currently, Injective is trading around $20, which positions it in a good buying zone given recent developments and future prospects. With the upgrades and increasing deflation, the token price could potentially reach $50 in the near future.

▫️Technical Analysis:

• Injective is showing bullish signals through continued growth in trading volume and increased user interaction with the network.

• Deflationary assets like INJ tend to perform well over the long term, especially if they continue to attract developers and users to their ecosystem.

▫️Conclusion:

Injective is a solid investment opportunity at its current price levels, as recent developments and the strong network foundation put it in a good position to reach higher price targets like $50, given ongoing growth and improvements.

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