BLOX Crypto of the Year: Injective wins thanks to impressive rise

On the last day of the year we can announce the winner of the “Crypto of the Year” contest that I created. This year Injection won! What was crucial? No coin has risen as fast as Injective since January 1, 2023. The coin has risen up to 2,900%.

Increase by 2900%

Injective’s share price was 1.19 euros at the beginning of this year. A bargain. At the time of writing its value is 34.63 euros. What does this increase look like? Just take a look at the graph below.

After the first increase in February, Injective rose to 10 euros. After the April deal, the currency continued to walk a fine line with this psychological threshold. In October, Injective’s final push began and the coin seemed unstoppable.

The highest price paid for Injetivo is 40.44 euros and was recorded on December 24, 2023. For comparison, the current price is 13.80% below the highest price ever.

What if… what if you had bought this coin at launch? On October 20, 2020, Injective was launched via exchange crowdfunding (IEO). The starting price was 0.38 euros. Therefore, the price rose almost a hundred times.

The injection is still young

The coin has not been around for long and despite a great 2023, Injective has yet to build a mature price history.

Therefore, Injective Protocol is still a relatively new project, but it has the potential to become a major player in the next bull market. The platform offers a number of unique features that set it apart from other decentralized trading platforms, such as:

• Cross-Chain Trading: The Injective Protocol enables trading of assets from different blockchains.
• Derivatives Trading: Injective Protocol offers a wide range of derivatives products such as futures, options and swaps.
• Synthetic Assets: The Injectives Protocol allows the creation of synthetic assets that track the value of other assets such as stocks or commodities.

Do you think this can change the market? You can invest in Injective Coin through BLOX.