Injective saw over 40% growth in the past year, and analysts expect it to reach a potential high of $237.11 by 2030. Convinced by this bullish Injective Protocol price prediction? You can buy INJ on Coinbase.
inj
Injective$28.81*
*prices delayed up to 10 minutes+15.0%
24HDisclosure: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
With crypto booming in 2024, many are starting to take a closer look at some of the possibilities for blockchain technology in the future. One of the largest applications of crypto is in the financial sector, particularly as it relates to trading numerous cryptocurrencies and financial instruments. However, many of the top chains are separated and cannot directly interact with each other, blocking large-scale adoption of blockchain. Injective is hoping to solve this problem. With its decentralized exchange and innovative approach to trading, many are wondering what the future holds for the price of INJ, Injective Protocol’s native token.
Injective Protocol Price Prediction Table
Here’s a price prediction table for Injective Protocol (INJ) through 2030.
| Year | Average Price* | Percent Increase |
|---|---|---|
| 2024 | $32 | -% |
| 2025 | $44.15 | 37.97% |
| 2026 | $64.07 | 45.12% |
| 2027 | $95.17 | 48.54% |
| 2028 | $142.37 | 49.60% |
| 2029 | $205.27 | 44.18% |
| 2030 | $300.58 | 46.43% |
| 2031 | $433.41 | 44.19% |
| 2032 | $615.41 | 41.99% |
| 2033 | $898.73 | 46.04% |
| 2040 | $11,318.96 | -98.78% |
| 2050 | $25,454.88 | 127.27% |
Injective Protocol Overview
Injective is a blockchain that aims to increase interoperability among the top players in the sector. It hopes to connect the largest chains, allowing them to access decentralized finance (DeFi) programs across chains such as Ethereum, Solana, Polygon and Cosmos. More specifically, the project is looking to make accessing financial trading much easier. It provides access to futures, options, perpetual contracts, margin and spot trading all on-chain and without an intermediary. Current chains usually require a centralized exchange or an expensive decentralized protocol to access these trading features.
INJ powers the chain and has some unique advantages. First, the chain has some of the lowest fees in the crypto space. Transactions cost 0.00001 INJ, which equates to around $0.0003, effectively $0. Additionally, the project continuously burns tokens, which lowers the supply. In practice, 60% of trading fees are collected and then sold in an auction. The winning bid receives the trading fees, and the INJ that was paid is burned.
Will Injective Go Past All-Time Highs (ATHs)?
Injective set an ATH of $52.75 in mid-March 2024. After reaching the high, the price quickly sold off, likely the result of investors taking profits, as INJ was up nearly 1,800% year over year. However, there is a likelihood that Injective Protocol could continue to go up and surpass highs yet again.
To do so, INJ needs to see increased use and adoption. The chain has extremely low fees, which is attractive, but most of its uses revolve around trading. If crypto trading becomes more popular and people want to find a new chain with lower fees, INJ could benefit. Additionally, if Injective begins pushing non-trading protocols, use could increase.
Another major factor is the burning schedule. Each week, around 60% of the trading fees are burned. This means that a small portion of the total supply disappears each week, which can add up over time and cause upward pressure on the price.
Injective Protocol Price History and Market Position
Injective Protocol (INJ) launched towards the end of 2020 and performed well in the beginning, probably because of the project’s novelty and the ongoing bull market at the time. However, the project lost nearly all of its gains in 2022 as crypto suffered as a whole. The token performed decently in 2023 and took off in 2024. Currently, the token is trading at around $24.54, with a market capitalization of $2.43 billion.
Its largest competitors are Ethereum (ETH) and Solana (SOL), which have also performed well.
Kliment Dukovski’s Bullish Long-Term Price Prediction for Injective Protocol
Dukovski is bullish on INJ for a few reasons. He sees the next bull market as a strong catalyst, as it is ready and able to bring in new users. He also pointed to continued upgrades to the chain, as well as the burning program as further upward pressures on price.
Kelvin Munene’s Bearish Long-Term Price Prediction for Injective Protocol
A writer for Coin Edition, Munene sees INJ falling in the short term. He sees the recent run-up in price as a possible opportunity for a retracement. He looks at several technical indicators, such as Bollinger Bands and Relative Strength Index (RSI) to come to this conclusion. He thinks that INJ could fall as low as $8 in the coming months.
2024 Injective Protocol Price Prediction
Changelly predicts that INJ could go as high as $24.26 in 2024. CoinPedia sees a more bullish sentiment for Injective Protocol, with a potential high of $35.66.
2025 Injective Protocol Price Prediction
In 2025, CoinCodex sees INJ moving quite a bit. They predict that INJ could go as low as $23.50 and as high as $37.29. AMBCrypto's 2025 Injective price prediction sees the token to be trading at an average of $35.48.
2030 Injective Protocol Price Prediction
CoinCodex does not see the price of INJ moving much from 2025, trading between $35.03 and $42.39. Changelly is much more bullish, predicting a low of $195.08, a high of $237.11 and an estimated average price of $202.18.
Can Injective Protocol Reach $1000?
If INJ were to reach $1,000 today, the market capitalization would be over $90 billion, larger than SOL, its main competitor. This would also mark an increase of nearly 4,000%. However, given that the project went from less than $3 to over $52 in less than a year, this is a possibility.
Additionally, its token-burning system could add upward pressure on the price. The program burns several thousand INJ tokens each week, which can add up over time and make it easier for INJ to reach $1,000. In theory, INJ could reach $1,000 without the market capitalization changing if enough tokens were burned.
Where to Buy Injective Protocol (INJ)
INJ is available on some of the top crypto brokerages, namely Coinbase and Kraken. Making an account on these sites is straightforward, and most traders can begin buying crypto within a few business days.
How Long Will It Take for Injective to Reach ATHs?
INJ has been volatile in 2024, shooting to ATHs in March and then quickly falling. This volatility means that the token could reach ATHs within a few hours or days. Conversely, it also means that INJ could fall and never see highs again.
Additionally, the weekly burning auctions have been a major price catalyst. When the amount burned comes in above expected, the token tends to perform well. A few solid burns in a row could push INJ past highs.
Where to Store Injective (INJ) Safely
A cryptocurrency wallet can be a great way to add extra security to your tokens, as well as give you access to decentralized applications (dApps). Let’s take a look at the two main types of crypto wallets, as well as some of the top brands.
- Hardware wallets: These are physical devices that store the private keys needed to send crypto. You cannot send anything out of the wallet without approval from the physical device.
- Software wallets: These wallets are easier to use than hardware wallets and often work as Chrome extensions or other applications. However, they can be more liable to phishing scams.
- Best For:ERC-20 tokensVIEW PROS & CONS:securely through Ledger Hardware Wallet's website
Current Crypto Prices
Crypto has been a more volatile lately as many tokens are in a price discovery phase after reaching ATHs. Investors are trying to figure out if tokens should continue to go past ATHs or if they could see a larger pullback. Below is the chart for Injective price movement in the past month to help you make an informed decision.
Is Injective a Good Investment?
Injective is looking to solve issues that blockchains face, particularly with interoperability and low fees. Additionally, a strong community and established burning program serve as positive price pressures. However, the project faces strong competition from established chains, such as Ethereum and Solana. If INJ can continue to attract users and find its niche in the crypto space, the project could continue to perform well.
Frequently Asked Questions
What is the price prediction for INJ coin in 2025?
Coincodex believes that Injective Protocol could go as high as $37.29 in 2025, while CoinPedia predicts INJ to reach a low of $17.66 and a high of $46.12.
How high will Injective go?
Theoretically, there is no cap on the price that INJ could reach because of its burning program.
What is the price prediction for Injective coin in 2030?
In 2030, Changelly predicts that Injective Protocol (INJ) could surpass the $200 level, trading at an average of $236.21, with a potential high of $202.18. CoinCodex is less bullish, seeing the coin to trade at a maximum price of $42.39.
Can Injective protocol reach $100?
According to Changelly, INJ could reach $100 by 2028. Based on their predictions, the token could trade between $86.17 and $101.54.
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About Caden Pok
Caden has been involved with crypto since 2018, when he began investing, trading, and mining tokens. He took part in undergraduate research studying cryptoeconomics at the University of Michigan, where he will graduate Phi Beta Kappa with a bachelor’s in economics in 2025. He is experienced with DeFi technology and multiple blockchains, currently investing in Ethereum and Bitcoin.