Injective Protocol Reaches Market Cap of $117.40 Million (INJ)

Injective Protocol (INJ) traded 6.5% lower against the dollar during the 24-hour period ending at 22:00 PM Eastern on November 24th. In the last week, Injective Protocol has traded down 7.9% against the dollar. One Injective Protocol token can now be purchased for approximately $1.61 or 0.00009746 BTC on popular exchanges. Injective Protocol has a total market capitalization of $117.40 million and approximately $9.70 million worth of Injective Protocol was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

  • KILT Protocol (KILT) traded down 12.4% against the dollar and now trades at $0.37 or 0.00002242 BTC.
  • Aidi Finance (BSC) (AIDI) traded up 7.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 1.6% higher against the dollar and now trades at $0.0456 or 0.00000275 BTC.
  • CareCoin (CARES) traded 1.6% higher against the dollar and now trades at $0.0566 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded up 0.6% against the dollar and now trades at $0.0012 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded 3% higher against the dollar and now trades at $1,436.69 or 0.08662447 BTC.
  • Kitty Inu (KITTY) traded up 1.6% against the dollar and now trades at $80.13 or 0.00483120 BTC.
  • Lunar (LNR) traded 3.1% higher against the dollar and now trades at $0.0602 or 0.00000363 BTC.
  • Hokkaidu Inu (HOKK) traded 15.4% lower against the dollar and now trades at $0.0004 or 0.00000002 BTC.
  • QANplatform (QANX) traded up 1.6% against the dollar and now trades at $4,916.09 or 0.29641368 BTC.

Injective Protocol Token Profile

Injective Protocol’s genesis date was October 17th, 2020. Injective Protocol’s total supply is 100,000,000 tokens and its circulating supply is 73,005,554 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.”

Buying and Selling Injective Protocol

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

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