Injective INJ

Where INJ sits in the market

#124 places Injective in the top of the mid-cap band. Liquidity is already fragmented at this depth: a large share of real INJ volume can sit on two or three venues, so a quote on a secondary exchange may lag the primary market by seconds and by more than a basis point. Position size matters more than entry timing here.

CryptoPingAi is currently streaming 7 live INJ order books (Binance, OKX, Gate.io, MEXC, HTX, Upbit…). That is wider coverage than most assets ranked near #124 carry, so a divergence on any one of them is far more likely to be a local liquidity event than a genuine repricing. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

INJ against its all-time high

INJ trades 85.9% below its $52.62 record (on 2024-03-14), which puts a 7.08x recovery between spot and that level. A drawdown of this size is usually a structural break rather than a correction — the market that set the high and the market trading today are not the same market. Using that print as a price objective is not a conservative assumption, it is a very aggressive one. That high was set 3 years ago, recently enough that it still anchors how most current holders frame the asset.

INJ across its historical range

The recorded range runs 80.0x, from $0.6574 to $52.62 — wide by the standards of traditional assets, moderate for this one's class.

Spot is about 11.3x above the all-time low of $0.6574 (on 2020-11-03) — a substantial recovery, but one where a meaningful share of the holder base still has a cost basis within the visible range rather than far beneath it.

INJ supply structure

There is no fixed maximum supply for INJ. Total supply stands at 100.0 million INJ and essentially all of it — 100.0% — is circulating. With no locked treasury to unlock, dilution comes from protocol issuance over time rather than from a cliff on a vesting calendar, which tends to produce slow supply drift instead of discrete unlock shocks. A supply in the hundreds of millions keeps the unit price in a range where round-number levels are genuinely traded, which makes price-threshold alerts more reliable than they are on high-supply tokens.

What kind of asset INJ is

Injective sits in the real-world-asset category, where the token is a claim on or a representation of something held off-chain. That makes the relevant risks custodial and regulatory rather than purely market-driven: attestation quality, the identity of the custodian and the legal enforceability of redemption matter more than the chart. RWA assets also tend to move on regulatory news cycles that have nothing to do with the broader crypto tape.

CoinGecko files INJ under 10 categories, including Decentralized Finance (DeFi), BNB Chain Ecosystem, Cosmos Ecosystem, Layer 1 (L1), Terra Ecosystem. CoinGecko also records deployments on BNB Chain (2,027 tracked tokens), Ethereum (3,072 tracked tokens), so on-chain liquidity is split across several networks and the cheapest venue depends on which deployment you are trading.

How to set a Injective alert that is worth receiving

Injective (INJ) — quoted on 7 venues we stream — high dated 2024-03-14 — rank #124. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →