Something about the INJ token.
Hello friends, how are you all? I hope everyone is well. Today, I want to talk to you about a token that is currently in discussion in the crypto world, and the token is called INJ Injective Protocol. Its price has changed in recent times, and investors have caught its attention. This token is technically strong and is considered a potential asset for the future. Currently, the price of the INJ/USDT token is around $9.00, which would be around ৳1,100 in Bangladeshi taka. Today, its price has decreased by about 26% and yet it is still the center of interest for investors. Price fluctuations are normal in the crypto market, but INJ still holds good potential because it is a strong blockchain token associated with many projects.
And this token was first released on October 21, 2020 and its issue price was only $0.40 or about 48 taka and at that time many underestimated it but later as its usage and technology started to increase, investors started to trust it and it started a new horizon in the crypto world and the highest price or All Time High in the history of INJ token was $52.7499 which was seen on March 14, 2024 and at that time its price in Bangladeshi taka was about ৳6,441 and reaching this price means that its price increased about 130 times at a time and which was an incredible success for many investors.
And on the other hand, the lowest price of the token or All Time Low was $0.6556 which fell on November 4, 2020 and at that time its value in Bangladeshi taka was about ৳80 and even after such a low price, its recovery and growth later showed how strong the foundation of the token is and one of the best aspects of the INJ token is that it is associated with a decentralized trading system DeFi and on this platform users can trade safely without intermediaries and finally it can be said that the INJ token is a potential digital asset for the future and its technical strength limited supply and permanent development team will keep it stable in the long term and even though there are fluctuations in the market, INJ can be a symbol of a beautiful opportunity for those who invest patiently at the right time.
https://x.com/MDbayez29442036/status/1977005082052116578?t=uAufIwBeg5M-lYgP0CaDdw&s=19
This was a great and thorough post by Wow @baizid123! I loved the way you took the time to give me the complete story of the INJ token - how it started way back with a very low price of only $0.40 all the way to the unbelievable all time high of over $52. Such development demonstrates that patience and trust in a good project could really work in the crypto world. Even the comparison in Bangladeshi taka helped to visualize the extent of that rise.
I also enjoy the way you underlined the fact that even in the light of the recent 26% decrease, the INJ is still a token that has a real potential. It makes a good point that volatility does not necessarily imply being weak, in some cases it is simply a healthy market cycle.
This is actually a very good lesson, in my opinion, @baizid123: that the true value in crypto is not necessarily in hype, but in the long-term vision, and an effective technology, such as the DeFi foundation that INJ developed. Excellent breakdown! 👏