Injective Protocol Reaches Market Capitalization of $1.69 Billion (INJ)

Injective Protocol (INJ) traded down 2.9% against the U.S. dollar during the 24-hour period ending at 7:00 AM ET on August 31st. One Injective Protocol token can currently be bought for approximately $17.35 or 0.00029372 BTC on major exchanges. Injective Protocol has a total market capitalization of $1.69 billion and approximately $61.76 million worth of Injective Protocol was traded on exchanges in the last day. In the last week, Injective Protocol has traded down 21.9% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower 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 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 6.7% against the dollar and now trades at $0.0504 or 0.00000085 BTC.
• 2G Carbon Coin (2GCC) traded down 0.4% against the dollar and now trades at $0.0480 or 0.00000183 BTC.

Injective Protocol Token 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 97,697,780 tokens. Injective Protocol’s official website is injective.com. 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.

According to CryptoCompare, “Injective is a blockchain platform built for finance that provides developers with a decentralized orderbook and offers instant transaction finality. Its ecosystem is focused on providing an excellent user experience and empowering individuals by facilitating unrestricted access to financial tools and services.”

Buying and Selling Injective Protocol

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

INJ/USD price chart by TradingView