$40 For a Coin?
Today we can confidently say that the passion for artificial intelligence has reached the crypto market. Tokens pegged to blockchain projects are increasingly attracting the attention of investors. AI-related blockchain products cover a wide range of services: payments, trading models, non-fungible tokens, and blockchain-based marketplaces for AI applications where users pay developers in cryptocurrencies.
Companies are ready to invest in the development of artificial intelligence, and products based on them are in great demand, so crypto projects related to this technology expect rather big dividends. And these expectations are based on the fact that the blockchain can significantly improve AI and contribute to the expansion of its scope.
Injective is a project that attracts close attention of investors.
Here is a very brief description of this project.
Injective is the first blockchain on Cosmos for building financial applications, offering a fully decentralized order book infrastructure.
Injective is a public blockchain. Developers can run a dApp on the Injective network after being approved by the DAO.
Injective is built using the Cosmos SDK and the Tendermint consensus architecture. Injective is compatible with EVM, this provides cross-chain between Ethereum, Solana, Moonbeam and Cosmos.
The Injective ecosystem includes over 100 projects.
Injective investors are such cryptocurrency monsters as Binance, Pantera Capital and Mark Cuban.
Over the period 2020–2022, Injective raised $52.6M in 3 separate rounds from Pantera Capital, Mark Cuban, Hashed, Jump Crypto, BH Digital and more.
To accelerate blockchain adoption, Injective developers announced the launch of the $150M Injective Ecosystem Fund in 2023.
Injective’s native token — INJ — is used to ensure the security of the network, payment of gas fees and management. The total supply of INJ is 100 million tokens.
According to Price Prediction and technical analysis, INJ price is expected to reach a maximum level of $12.83 in 2023.
The project’s ambitious goals for 2025 are to reach a price of $40 per INJ token.
Over the past 3 months, INJ has grown 9 times and is pleasantly pleasing to the eye with green in the table.
Investors continue to invest, the project is developing and $40 per token does not seem to be an unattainable mark.
If we add here the downgrading of the rating of centralized exchanges, the ban on futures for many countries and the problems with access to the classic financial markets, we will get success and a great future for the project.
A few words about the architecture of the Injective blockchain. It allows you to integrate projects created both on Ethereum and on the Cosmos SDK into it. This means that any project that already exists on L1 or L2 can become multi-chain.
In its development, Injective has made many significant integrations and created numerous partnerships, achieving a higher level of interoperability and mass adoption.
So, we expect only good news from the project.
