Time for a fresh look at Injective. The market dynamics here are worth examining closely.
📈 Current Price Action
The price sits at $7.84 right now, with 2.15% movement in the last 24 hours. The 7-day trend is showing strong bullish momentum, which is worth noting.
Injective price movement over the last 7 days
Market Metrics
With a market cap of $782.38M, it's ranked #131 in the crypto market. The 24h volume of $113.67M represents 14.53% of the market cap, which indicates strong trading activity.
Metric Value
Current Price $7.84
24h Change +2.15%
7d Change +20.34%
30d Change -18.79%
Market Cap $782.38M
24h Volume $113.67M
Market Rank #131
🪙 Supply Dynamics
Currently $100.00M coins are circulating from a total supply of $100.00M.
📊 Historical Context
The all-time high was $52.62, and we're currently 85.10% below that level. The all-time low sits at $0.66, which means we're 1092.36% up from the bottom.
That's a significant discount from ATH, which could present opportunity - or suggest fundamental changes in the project's prospects.
🤔 My Take
Looking at the underlying metrics, Injective is showing strength. The fundamental metrics show room for growth if fundamentals improve.
As with any crypto investment, only allocate what you can afford to lose.
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