What is INJ’s core positioning and what is its position in the cryptocurrency market?
Injective (INJ) is a cryptocurrency with market cap $0.3B, ranked #133.
Who is the founding team of INJ and what is their background?
Injective has a dedicated development team. Injective is an interoperable Layer 1 blockchain designed for DeFi applications.
What are the important milestones in the development history of INJ?
Injective is an interoperable Layer 1 blockchain designed for DeFi applications.
What is the technical structure and infrastructure of INJ?
Injective operates as a blockchain protocol. Homepage: https://injective.com. Whitepaper: .
What are the characteristics of INJ’s economic model?
Injective total supply: 100000000.0, circulating supply: 100000000.0. Injective is an interoperable Layer 1 blockchain designed for DeFi applications.
What governance model does INJ adopt?
Injective is governed by INJ token holders through on-chain voting. Injective is an interoperable Layer 1 blockchain designed for DeFi applications.
What are the main application scenarios and ecological development of INJ?
Injective is an interoperable Layer 1 blockchain designed for DeFi applications.
Order Book
Latest
Large Trades
Price (USDT)
Amount (INJ)
Total (INJ)
$5.62
$5.62
72%
27%
Bullish
Bearish
Community
Biupa
2h ago
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Market and Trading Summary
Is 613 the bottom? A summary of market and trading during this period, and expectations for the next stage.
1. Is 61300 the bottom?
Today's 61300 is the most "bottom-like" point in this decline since 74000. This price level conforms to numerous patterns:
① A reversal structure with a long lower shadow on the 4-hour chart.
② A surge in trading volume on the 4-hour chart (similar to previous bottoms in the 63-60 range).
③ A 10% order book divergence of $250 million, comparable to previous bottoms.
④ Funding rates have finally turned negative, indicating a capitulation by the bulls.
⑤ The daily RSI is severely oversold; comparable RSI levels are only seen in August 2023 (818) and March 2020 (314).
Based on these combined patterns, the probability of 61300 being the bottom is high.
At the same time, we realize that the accelerated decline from 74000 was primarily due to Michael Saylor's first sale of Bitcoin, which triggered sales by other US DAT and institutions, as well as continuous large outflows from Bitcoin ETFs. These sell orders are difficult to capture using typical crypto market patterns and indicators.
Therefore, I am not entirely confident that 61300 is the bottom. Before 2025, these indicators would have made it easy to judge, but today the difficulty has increased significantly.
Nevertheless, even if June 13th wasn't the bottom, it's not far from it.
2. Market and Trading Summary During This Period
Above 73,000 (i.e., until 8 AM on June 1st), it was reasonable to consider this decline as a correction. The accelerated decline after 8 AM on June 1st showed signs of a driving force. My mistake in not recognizing this turning point earlier was in this market movement.
Although my judgment of the market in the latter half was incorrect, maintaining the logic of holding spot + futures contracts focusing on strong altcoins ultimately resulted in profits. This was mainly due to the fact that strong altcoins generally didn't follow the decline (NEAR, LIT, HYPE, INJ, WLD, etc.), and even rebounded quickly after each Bitcoin drop.
This is also a unique aspect of this market movement. I believe this was due to institutions selling BTC regardless of cost, rather than altcoins, causing BTC to experience a "single drop," rather than a general loss in the crypto market caused by macroeconomic negatives. In other words, the fundamentals of the cryptocurrency market haven't deteriorated; only Bitcoin has been hammered.
This situation is rare, and it's uncertain whether it will occur more frequently in the future. Having more cryptocurrencies not following the overall market trend is actually beneficial for our trading.
It's regrettable that I missed out on some short-selling profits. I prefer and excel at going long, often thinking from a bullish perspective, which is also my limitation.
3. Market Expectations for the Next Stage
This decline will eventually reach its end; it's currently uncertain whether 61300 has formed a bottom. If 61300 doesn't form a bottom, the price may fall below 60,000, potentially bottoming out between 60,000 and 57,000.
Regardless of whether 61300 forms a bottom, I believe that after this decline ends, there will be a mechanical bounce, unlikely to exceed 74,000.
The overall expectation is a replication of June-August 2022, meaning Bitcoin will only experience a weak rebound, but altcoins may outperform BTC.
This expectation only takes effect after the bottom is reached. Before the bottom is reached, BTC may still drive altcoins downwards, and the decline in altcoins before bottoming out may be greater than that of Bitcoin.
The true "bottom" won't appear until October of this year, therefore the end of this decline is not yet the lowest point of this bear market.
Overall, the recent market conditions have indeed been painful, but we are gradually approaching the bottom. In the long term, we remain optimistic about crypto scams.
This article is sponsored by #BCGAME|@bcgame @bcgamecoin
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Henrik Zeberg
06-02 22:18
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I'm feeling a bit nervous. Something seems to be happening beneath the surface, which I'll elaborate on soon, but I think the cryptocurrency space is experiencing a rotation. Here are some things I'm watching 👇
ZEC is up 110% in 30 days. NEAR is up 178% in 3 months. HYPE hit an all-time high, and DOGE entered the top ten. INJ is up 86% this month. The privacy sector is up 288% last year.
BTC's market share has started to decline from 60%. ETH/SOL/XRP/FET/BNB/ZEC all hit new highs against BTC today.
South Korean retail investors are selling off cryptocurrencies and turning their attention to the semi-booming KOSPI index, with ETH's premium near all-time lows (@FroehlichThors1).
There are outflows from BTC and ETH ETFs. Investors with slower outflows are reducing their holdings in the index, while those with the fastest outflows are rotating below the index.
A foundational article on ETH is coming soon. I wonder if anyone else has noticed these messages appearing in their social media feeds.
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Crypto Tony
06-02 18:32
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$INJ / $USD - Latest Updates
I am still holding and long INJ. Although I've already lost 50%, I like the current trend. I'm bullish on INJ reaching $8.
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Crypto Tony
06-02 14:41
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$INJ / $USD - Latest Updates
Please pay close attention to the support level at $6.90. If this support holds, I expect the price to rebound to $7.50 in the short term, and then gradually rise to $8.00.
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Biupa
06-02 10:39
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Position Update
Last night I bought over $BTC at 70950, and this morning I cut my losses (I had a 1R profit potential, I alerted you but didn't reduce my position).
INJ 6.58 bought down to 6.95
NEAR 2.33 bought down to 2.6
Although BTC is down, strong altcoins are still profitable.
Also, I've recently started trying to trade US stock contracts, but the position size limit is very low; some only allow opening a few thousand dollars. There aren't enough pending orders either, and buying too much results in slippage.
Hopefully, this can be improved. @Bybit_ZH @Mercy_okx
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Cointelegraph
06-02 10:19
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⚡️Breaking News: Injective's Vulcan mainnet upgrade proposal is now live.
This upgrade will add Canonical USDC, a new RWA market, a next-generation oracle engine, and lower transaction fees.
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Crypto Tony
06-02 01:52
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$INJ $NEAR $FET
Some noteworthy altcoins, truly legendary. Charts will be provided for subscribers and followers later.
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Biupa
06-01 22:19
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Market Outlook
Saylor's Selling of BTC Causes Bitcoin Drop
After fluctuating between 73 and 74, the price broke down today due to news, primarily Saylor's selling of BTC. The price is currently at 71700.
In my previous market analysis, I believed this drop was a correction rather than a major decline, and I maintain this view. However, the extent of the correction remains uncertain (between 74 and 70, it now seems likely to be around 717 or even lower, perhaps around 707).
Another noteworthy point is that strong altcoins have not been affected by Bitcoin; for example, NEAR, INJ, and NYPE are still rising today. This inconsistency further supports the idea that the current market is not in a major downtrend.
If it were a major downtrend, even strong altcoins wouldn't necessarily rise; at most, they wouldn't fall or would fall less.
Regarding trading, I've been saying for the past few days that BTC shouldn't be bought unless it firmly holds above 74, and therefore, I haven't taken any long positions in BTC. Focusing on strong altcoins has yielded some profits.
The timing of Saylor's last selling is also worth mentioning: on December 22, 2022, he sold 704 BTC. Although the reason given then was tax-loss harvesting, it differs from this time's reason for paying dividends. If we cling to the past to find a lost sword, the timing of the last coin sale might also be evidence of a market bottom.
This article is sponsored by #BCGAME|@bcgame @bcgamecoin
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𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲
05-31 10:19
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#Altcoins
Altcoin season has arrived. While progress is slow, some coins, such as $NEAR, $INJ, and $HYPE, are already showing promise.
BTC's dominance points the way.
2026 will be a pivotal year for cryptocurrency development.
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𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲
05-31 03:24
Follow
#Altcoins
Altcoin season has arrived. While progress is slow, some coins, such as $NEAR, $INJ, and $HYPE, are already showing promise.
BTC's dominance points the way.
2026 will be a pivotal year for cryptocurrency development.