Injective Protocol Trading 21.1% Higher This Week (INJ)

Injective Protocol (INJ) traded up 17.4% against the US dollar during the twenty-four hour period ending at 8:00 AM E.T. on February 21st. One Injective Protocol token can now be bought for approximately $3.87 or 0.00005672 BTC on exchanges. Injective Protocol has a market capitalization of $386.62 million and $139.32 million worth of Injective Protocol was traded on exchanges in the last 24 hours. In the last seven days, Injective Protocol has traded up 21.1% against the US dollar.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 0.3% higher against the dollar and now trades at $67,951.12 or 0.99659333 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 2.4% against the dollar and now trades at $66,950.37 or 0.99784422 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Injective Protocol Profile

Injective Protocol was first traded on October 17th, 2020. Injective Protocol’s total supply is 100,000,000 tokens and its circulating supply is 99,970,935 tokens. The Reddit community for Injective Protocol is https://reddit.com/r/injective and the currency’s Github account can be viewed here. Injective Protocol’s official Twitter account is @injective_ and its Facebook page is accessible here. The official website for Injective Protocol is injective.com.

According to CryptoCompare, “The Injective 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. Telegram, Discord, Facebook, Instagram, YouTube, LinkedInDocumentation”

Buying and Selling Injective Protocol

It is usually not possible to buy alternative cryptocurrencies such as Injective Protocol directly using US dollars. Investors seeking to trade Injective Protocol should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Injective Protocol using one of the exchanges listed above.

INJ/USD price chart by TradingView