The Insane Rise of Injective

By Domifidsch | Stocks and Crypto Bets | 15 Dec 2023


Welcome back everyone, 

Today I want to outline one of the coins, that outperformed the market recently.

Injective saw their lows about one year ago in the low 1,x dollar range, and sits now at about 33! Dollars.

If you didn't know about that coin so far or if you just missed the right moment to step in, then this is for you:

 

First: Going into a coin after such a good run, has high risks. I would not recommend anyone to step into it now, unless you are willed to loose a pretty big load of money and to hold that coin until you are satisfied with you gains. But don't forget. For an other 10x in the chart, the coin would be worth around 330 dollars each and the market value would sit at around 20 billion. That's quit a lot. In actual terms this would bring the coin into the top 5, compared to today's market cap.

 

But what is injective?

Injective is a blockchain designed specifically for finance services, that are crypto related. It's a layer one blockchain. 

 

What makes it special:

Compared to other protocols, it's relatively environmental friendly by also supporting DeFi applications of all kind. 

 

As always I want to make sure that nothing here is financial advise before we come to the question of the day:

 

What do you think is a good entry point for this coin?

What are in your opinion the better alternatives and if you avoid injective, why is that so?

 

Be blessed for the weekend and stay healthy 

Cheers

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Domifidsch
Domifidsch

Passionate Crypto enthusiast.


Stocks and Crypto Bets
Stocks and Crypto Bets

Interesting stuff out of crypto related stocks and the stock market in general

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