You might be wondering what coins to look into that offer more to our crypto-space, and I'm sure you've heard of many mainstream coins and projects such as ETH and ADA.
Today I want to bring something less mainstream to the table, so you can learn about INJ and the potentials for the crypto community.
Injective Protocol (INJ)
Injective Protocol (INJ) is like PancakeSwap or UniSwap in the sense that it is a decentralized exchange.
INJ is also the first Defi protocol that is universal!
When users pay fees on the exchange, those fees are used to buy INJ from the open market. This makes the price of INJ appreciate.
Once that happens, the INJ is burned, permanently decreasing the supply available (and increasing INJs value)
Another feature of INJ is the ecosystem that connects the user to the parts of the crypto-sphere.
All participants in the injective ecosystem benefit when INJ does well.
Other entities such as ChainLink or exchanges like Bityard are able to create exchanges based on the technology of INJ.
The Injective Protocol network is highly versatile and has a lot of growth potential.
INJ team is also quick to respond to questions you can ask during livestreams when they offer Q & A.
Here is a link to their telegram, where you can stay up to date on the latest news, updates, and livestreams.
Regarding the crypto-verse in general, I will share my 2022 predictions.
I see bitcoin as continuing to lead the space more, as we become more crypto-literate overall and start incorporating more of our transactions into the blockchain. Banks and other institutions are now beginning to accumulate bitcoin, which provides most support for price levels.
On the other hand, with the use of smart contracts and dApps, Ethereum has more use potential. It may easily continue to be the runner-up, and eventually take bitcoins place.
However, it may not be happening this 2022, as most companies still need time to adapt and adjust to cryptocurrency.
Worthy of mention cryptocurrencies:
- ADA and DOT (founded by members of the original Ethereum team) They are competition to Ethereum.
- LINK (rival to DOT)
- SOL which has less gas fees than ETH and has also appeared on the Bloomberg terminal.
This was my first blog post I've written on cryptocurrency and also on Publish0x.
I welcome any feedback whether positive or negative to keep in mind for improvement in my future posts.
I hope you enjoyed and/or learned something new!
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Shoutout to BitYard, a leading platform for spot trading, contract trading, trading tools (such as copy trading and grid trading), plus more! BitYard is a great way to start out if you want access to a variety of features all in one place.
Sign up for Bityard here.
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Another shoutout, to The Giving Block, an organization which allows over one thousand companies to accept cryptocurrency for donations.
BitYard is donating 50k SHIB to The Giving Block just by tagging them in this post <3
#TheGivingBlock
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My Promo Links:
- Earn 1 Hi dollar every 24hrs with HI
- Gemini: Receive $10 in BTC for trading $100 in first 30days
- BlockFi: Deposit $100 to earn $10 in BTC
To support my writing, you can send USD here or Crypto here.
#MyCryptoOutlook2022
Legal Disclaimer: The content written here is for informational and educational purposes and should not be taken for financial advice. Invest and trade at your own risk. Sometimes there are affiliate links in the article above from which the author may receive compensation
