Injective Protocol’s native token, INJ, has experienced an astonishing surge of 3,000% in value since the commencement of 2023, reaching an unprecedented all-time high at $39.15. This meteoric rise is primarily fueled by heightened anticipation surrounding a broader altcoin rally and the prevailing trend of airdrop farming strategies.
Investors are flocking to the Injective blockchain, drawn by the remarkable ascent of its native token, INJ. The token’s surge underscores Injective’s position as a key player in the DeFi industry, with its AI-focused technology gaining prominence. Notably, AI-centric tokens like FET and GRT have witnessed substantial market capitalization growth, reflecting the increasing adoption of AI technology within the DeFi sector.
Injective, a Cosmos-based blockchain, seamlessly integrates AI technology with decentralized finance. Its decentralized applications (dApps) leverage AI algorithms to enhance market efficiency and optimize user decisions in decentralized exchanges.
Injective's Bullish Surge as Layer 1 🚀
Why?
First of all one of the best tokenomics with a burning mechanism and staking.
Key factors :
➡️ 100M supply only.
➡️ 47M+ $INJ already staked.
➡️ 5.7M tokens burned already.$INJ going to 3 digits by 2024. 🔥 pic.twitter.com/VHPYhCgF4z— Zia ul Haque (@ImZiaulHaque) December 18, 2023
CoinGecko reports a remarkable surge in the total market capitalization of AI-focused tokens, with FET and GRT experiencing increases of over 1,500% and 450%, respectively, since the outset of 2021. This surge underscores the growing significance of AI in shaping the landscape of the DeFi industry.
As of the latest update, the live price of INJ stands at $38.50, boasting a market cap of $3.22 billion USD, a 24-hour trading volume of $598.72 million USD, and a notable +21.39% change in the last 24 hours. With a circulating supply of 83.76 million, Injective continues to make waves in the ever-evolving crypto space.
