The Injective Hackathon is a one-month online event focused on building the future of Web3 financial applications. The hackathon offers developers the opportunity to create innovative protocols and dApps with the guidance of industry leaders in the cryptographic space. It offers up to $1,000,000 in global prizes, mentoring from industry experts, and funding opportunities led by renowned VCs. The event is divided into four weeks: Launch Week, Learn Week, Build Week and Demo Week.
Participants have the chance to win various prizes, including the Grand Champion, the Community Choice Award, and the Bounty programs. Deadline for submitting applications: 4 May
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Injective price prediction: Is the injection a good investment?
Injective is a platform that allows the development of powerful Defi applications. It is built with Cosmos SDK and uses a proof-of-stake consensus algorithm (based on Tendermint). Therefore, it allows the instant transaction function and maintains the speed of light, which is more than 10,000 TPS
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In addition, Injective is interoperable with many Layer 1 platforms such as Ethereum, Polygon, Solana etc. Therefore, it is one of the first networks within Cosmos Network that supports Ethereum-based resources.
Key Features
- The injective platform allows developers to create cross-chain Defi applications for immediate purpose.
- Defi applications created using the injective network have fast transaction times.
- The platform allows its users to access numerous injection-based dapps with zero gas costs.
- It allows all forms of financial markets, including perpetuals, futures, options, and spot trading.
- Its ecosystem has more than 100 projects and more than 150,000 community members around the world.
- Injective’s prominent investors include Binance, Mark Cuban, Jump Crypto, and Pantera Capital.
- The platform is eco-friendly, meaning its Tender-based PoS consensus mechanism facilitates a 99% lower carbon footprint.
The injective network facilitates the next generation financial infrastructure to create decentralized financial applications, and users can access those applications in a very secure way. In addition, it can reach very high speeds with zero gas costs.
INJ is the native token of the injective ecosystem and the token has a maximum supply of 100,000,000 tokens and of which 73,005,554 INJ tokens (which is about 73% of the total supply) are already in circulation.
The INJ token is deflationary, that is, 60% of the commissions deriving from the development of dapps on the injective platform are burned every week, reducing the supply of INJ over time. The following are the main use cases of INJ cryptography
:
- Users can use their INJ tokens for staking and earn rewards in return.
- INJ token holders can participate in the governance of the platform through voting mechanisms.
Injective has a total blocked value (TVL) of $20.05 million and a Helix dominance of 73.90%. The platform has two main apps:
- Helix: a decentralized single-chain exchange (DEX) with a TVL of $14.8 million.
- Astroport: a multi-chain DEX available on three chains, with a TVL of $5.2 million and a market capitalization/TVL ratio of 0.11.
Summary: While any user can build a Defi application on top of the injective blockchain, the market is very competitive with such platforms that allow the development of Defi applications. Therefore, Injective seems to be a moderate investment option
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Injective price prediction: Will Injective reach $100?
To reach $100, the INJ token must grow by almost 33.36 times
In addition, the INJ token reached its all-time highest price of $21.6 in May 2021, where it grew nearly 1.86 times in a single month (i.e., from its lowest price of $11.6 in March 2021).
Therefore, Injective needs about 35.9 months (just under 3 years) to reach a price level of $100, considering its growth of 0.93 times in a month. However, it may take a little longer depending on market conditions and economic factors
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But it’s not very difficult for INJ to reach that value if it continues to grow as market conditions improve.
Injective price forecast 2023, 2025 and 2030
- The 2023 injective price prediction is $13.0
- The 2025 injective price prediction is $24.3
Injective protocol price prediction: Where can I buy injective cryptocurrencies?
INJ tokens can be purchased from various major centralized and decentralized crypto exchanges such as Binance, KuCoin, Coinbase Exchange, Kraken, Huobi, Gemini, Gate.io, Crypto.com, Poloniex, WazirX, PancakeSwap, SushiSwap and Uniswap.
