Injective Protocol Reaches Market Cap of $167.55 Million (INJ)

Injective Protocol (CURRENCY:INJ) traded 2.9% lower against the US dollar during the twenty-four hour period ending at 15:00 PM ET on July 22nd. One Injective Protocol coin can now be purchased for $5.69 or 0.00017624 BTC on major exchanges. Injective Protocol has a total market capitalization of $167.55 million and $18.74 million worth of Injective Protocol was traded on exchanges in the last 24 hours. During the last week, Injective Protocol has traded down 19% against the US dollar.

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

  • Binance USD (BUSD) traded down 0% against the dollar and now trades at $1.00 or 0.00003098 BTC.
  • Chainlink (LINK) traded up 5.4% against the dollar and now trades at $15.99 or 0.00049551 BTC.
  • DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Polygon (MATIC) traded up 2.8% against the dollar and now trades at $0.89 or 0.00002762 BTC.
  • Dai (DAI) traded up 0% against the dollar and now trades at $1.00 or 0.00003103 BTC.
  • THETA (THETA) traded up 9.8% against the dollar and now trades at $4.71 or 0.00014607 BTC.
  • Aave (AAVE) traded up 9.3% against the dollar and now trades at $276.97 or 0.00858208 BTC.
  • botXcoin (BOTX) traded 1.7% lower against the dollar and now trades at $2.03 or 0.00006291 BTC.
  • Crypto.com Coin (CRO) traded up 0.9% against the dollar and now trades at $0.11 or 0.00000340 BTC.

Injective Protocol Profile

INJ is a coin. Its launch date was October 17th, 2020. Injective Protocol’s total supply is 100,000,000 coins and its circulating supply is 29,457,686 coins. Injective Protocol’s official Twitter account is @InjectiveLabs. The Reddit community for Injective Protocol is https://reddit.com/r/injective and the currency’s Github account can be viewed here. Injective Protocol’s official website is injectiveprotocol.com.

According to CryptoCompare, “The Injective Protocol 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. “

Injective Protocol Coin Trading

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 Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Injective Protocol using one of the exchanges listed above.

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