Injective Protocol (INJ) Market Capitalization Achieves $379.98 Million

Injective Protocol (CURRENCY:INJ) traded 6% higher against the dollar during the 1-day period ending at 21:00 PM ET on October 13th. One Injective Protocol coin can currently be bought for approximately $11.64 or 0.00020227 BTC on cryptocurrency exchanges. Injective Protocol has a total market cap of $379.98 million and approximately $62.90 million worth of Injective Protocol was traded on exchanges in the last 24 hours. Over the last seven days, Injective Protocol has traded up 10.2% against the dollar.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

  • Starname (IOV) traded down 3.9% against the dollar and now trades at $4,099.30 or 0.08159023 BTC.
  • Binance USD (BUSD) traded 0% higher against the dollar and now trades at $1.00 or 0.00001738 BTC.
  • Chainlink (LINK) traded 2.3% higher against the dollar and now trades at $25.54 or 0.00044400 BTC.
  • Polygon (MATIC) traded 2.4% higher against the dollar and now trades at $1.32 or 0.00002639 BTC.
  • Polygon (MATIC) traded 0.6% lower against the dollar and now trades at $1.24 or 0.00002147 BTC.
  • Axie Infinity (AXS) traded down 1.5% against the dollar and now trades at $121.46 or 0.00211130 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.
  • FTX Token (FTT) traded up 1.7% against the dollar and now trades at $54.32 or 0.00094422 BTC.
  • Dai (DAI) traded up 0.1% against the dollar and now trades at $1.00 or 0.00001740 BTC.

About Injective Protocol

Injective Protocol (INJ) is a coin. It was first traded on October 17th, 2020. Injective Protocol’s total supply is 100,000,000 coins and its circulating supply is 32,655,553 coins. The official website for Injective Protocol is injectiveprotocol.com. 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.

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 currently possible to buy alternative cryptocurrencies such as Injective Protocol directly using US dollars. Investors seeking to trade Injective Protocol should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Injective Protocol using one of the exchanges listed above.

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