$INJ

From my experience so far, $INJ is a coin that moves the fastest after any market drop. It rebounds very quickly to its levels and tries to stabilize after a market wipeout. The reason is that it is never low on volume.

Also, it operates at a different level of interoperability. While other interoperability-related projects like Polkadot and Cosmos focus on enabling different chains to talk to each other (infrastructure-level), Injective focuses on cross-chain liquidity and cross-chain trading. So, it gives the real use case of interoperability where you can trade assets from multiple blockchains.

Also, instead of just providing the facility of swapping tokens (spot trading), you can trade other products like futures and perpetual swaps. So, it is like a true complete exchange where users can trade crypto, derivatives, perpetual swaps, and synthetic versions of real-world assets. By synthetic versions of real-world assets, it means you can trade the synthetic version of Tesla stock (TSLA) on Injective.



Currently, the price is holding above the support level of $24. It bounced off very quickly after dropping to the liquidity zone around $22-$23. I had my limit order in the grey liquidity zone, and it got filled. However, if the price drops below, I will add more. If it falls below this liquidity zone, the next area of entry would be around $18.50.

If the market starts gaining momentum, the price can surge to $30 very easily.


#INJ/USDT📈