• The Injective Protocol token is one of the best performing tokens in recent years.

• Volatile index values such as RSI and arbitrary index values have become extremely overbought.

INJ, the original token of the Injective Protocol, has soared in the past few months due to theDeFi Enterprise-Focusing on the rise of the internet. The token has risen to its highest point of $9.67, the highest since February 7th. Overall, the token has jumped by over 736% from its minimum standard in December.

Why has injection type agreements skyrocketed

Objective Protocol is a continuously growing service platform dedicated to changing the financial industry. This is also one of the rare efforts to disrupt the content of financial unit agreements. This is mainly achieved by establishing a platform, and developers can also build high-quality dApps in the financial industry. The website has relatively low transaction costs and lightning fast speed.

There are many reasons why the price of INJ cryptocurrency has been in a strong upward trend. First, developers have held a hackathon, and dozens of developers have submitted their new projects. Winners can receive team support and guidance from professional venture capital firms.

Another important introduction is that INJ tokens are now available for liquidity. Liquid staking is a technical approach that allows people to place bets on tokens in a simple and decentralized manner.

According to the liquidity pledge loan, everyone can obtain tokens before the due repayment date. Leading Streider enables this chip to be realizedLido DAOAlternative options in the Cosmos ecosystem. It has determined a total of over $25 million (TVL).

Online voting of liquid sharesAttract57% of token holders and over 99% of voters hold a certain mindset. Injective's APY this year is 16.2%, and the total number of bond tokens has risen to over 35.2 million.

INJ's recent news is a new proposal that will encourage the STINJ pool in Astroport to help expand its liquid chips.

https://twitter.com/AltcoinPsycho/status/1647664708256690177

INJ Price Forecast

The k-line chart of the stock market indicates that the INJ price has been in a strong upward trend in the past few months. With the increase in price, the token successfully broke through the important psychological levels of $8, $6, and $5. It has also jumped above the entire moving average system.

However, the shock indicator value indicates that the token has become extremely overbought. Therefore, at present, risk/benefit analysis represents a bit of risk in project investment tokens. Therefore, it is highly likely that the important support line of $4.91 will decrease and be retested in daily life, which is about 46% lower than the current capacity.

How to purchase Injective

Coin security

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KuCoin Enterprise

Kucoin is a cryptocurrency trading center that offers over 200 diverse cryptocurrencies. Kucoin provides a wide range of service projects, such as:; Built in peer-to-peer trading, spot trading and collateral trading, financial institution level security, and universally accepted payment methods. Users can benefit from beginner friendly pages and lower costs.

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