Cryptocurrency markets often see gains of 3, 33, or even 333 times. However, only a few investors achieve these rates. Investments made at the right projects at their lowest can yield thousands, hundreds of thousands, or even millions of dollars. Yet, it is more likely that you could lose all your money in most of the altcoins you believe are the right projects.
INJ Coin and Its Announcement
Since 2023, INJ Coin, which has gained 33 times its value and shown impressive performance, started to decline after its peak in March 2024. The steadily falling price, influenced by the overall market negativity, now finds buyers at $23.7, down from a peak of $53. It briefly dipped to $18 in early April sales, so it remains in a reasonable zone for now.
Today’s agenda was the new layer3 platform announced by the Injective team. This new network, to be launched utilizing Arbitrum’s Orbit infrastructure, aims to attract more liquidity and flexibility. Eric Chen, co-founder of Injective Labs, said about this;
“The significance of Injective’s integration with Arbitrum goes beyond just creating blockchain networks or infrastructure. This integration adopts the fundamental principle of interoperability by truly unifying assets and liquidity across ecosystems, bridging the gap between Ethereum, Cosmos, and other widely adopted L1s.”
Following the news, the price of INJ Coin rose to $23.93, although it did not reach its daily peak of $26.
