Bought #INJ into a portfolio on the spot.
Globally, the asset is moving in the ascending channel. At the moment the asset is trading near the lower line of the channel. Not a bad buying zone in the range of 23 -18 $ There is a buyer's orderblock zone. Limit buy orders are also in this range. But, if we push from the lower line of the channel, we decided to partially buy at the market, and the rest of the amount in the zone above. Growth potential 300%
Injective Protocol (INJ) is a decentralized exchange (DEX) and a layer for decentralized finance (DeFi) built on the Ethereum blockchain, with integration for cross-chain compatibility. The project aims to create a fully decentralized and censorship-resistant financial market.
Key Features of Injective Protocol:
1. Name: Injective Protocol (INJ)
2. Ticker: INJ
3. Network: Injective Protocol operates on the Ethereum blockchain and supports cross-chain compatibility with other blockchains such as Binance Smart Chain and Cosmos.
4. Main Goal: To create a decentralized financial infrastructure that allows users to trade, issue, and manage various financial instruments and derivatives without intermediaries.
Main Features of INJ:
• Decentralized Exchange (DEX): Injective Protocol provides users with the ability to trade assets without having to trust centralized exchanges. All operations are conducted on smart contracts, which enhances transparency and security.
• Cross-Chain Compatibility: The platform supports interaction with various blockchains, allowing users to freely move assets between networks.
• Financial Derivatives: Injective Protocol allows for the creation and trading of complex financial instruments and derivatives such as futures and options, based on smart contracts.
• Transparency and Censorship Resistance: The platform ensures full transparency of all transactions and is protected from censorship, making it attractive for users seeking open financial markets.