Where is INJ, whose price increased 40 times, running to?

Injective Protocol (INJ), an AI-powered blockchain, continues to attract the attention of crypto investors.
INJ, the artificial intelligence-based DeFi project that increased its price by 40 before the bull season even started, is a candidate to be the best project of the crypto universe that takes the wind of social media. However, this satisfactory rise was overshadowed by expectations of possible profit realization. The most interesting scenario is; It is about how the price of INJ can increase by 25 times.

Injective (INJ) crypto platform has been gaining attention since last summer. The system launched its own hackathon in May, potentially attracting the attention of the broader crypto market.

The rise can be attributed in part to social media excitement around the Injective Protocol, an AI-powered, interoperable blockchain designed for decentralized finance (DeFi) applications. INJ has steadily become one of the most talked about assets in the cryptoverse in recent times. Looking at the data provided by AlphaScan, the majority believe that it has surpassed even Bitcoin among the most commented coins.

“I WON'T BE SURPRISED IF IT SLOWS DOWN”

The reason for the rise is that the token is one of the rare tokens with a real business and income model. It has already made about 40x, coming from 1.123 to $44.86. Doing 20x more from here means a total of 800x. It's technically possible, but personally I wouldn't be surprised if it slows down now.

For continuity in the rise, the SEC will need to manage a moderate ETF process and the Fed will need to show a sharp determination on interest rate cuts. During this cycle, monitoring macro data will be at the forefront. If there is no negative situation in the flows, the market-wide rise may continue. This rise may cause artificial intelligence-based cryptos such as INJ to continue to shine. INJ/USDT, which fell to 29 levels with the news that SEC would postpone ETFs, compensated for its losses and repeated its previous levels. However, it could not catch up with its falling volume while rising. The channel view can be followed on the 4-hour chart. It is thought that there must be a positive divergence from the 41-44 band for continuity in the rise. Thus, it can test above 50. If the expected positive news flows occur during the year, INJ may continue its gradual rise. If the decline trend continues, it can be tolerated up to the 50MA axis. This corresponds to the 0.5Fibo level. If there is a negative divergence from the moving average, there may be a return to the 29 levels tested recently. Short-term investors can follow this chart.

LATEST UNLOCK ON "JANUARY 21"

Approximately 3.67 million INJs will be unlocked on January 21. There may be sharp price movements before and after the locks are opened. As prices tend to recover, investors may want to take profits before the lock opens. After the locks are opened, there is a possibility of approximately 4 percent more coins entering circulation and therefore there will be an excess supply. INJ's final unlock is for advisors and team. There will definitely be people who want to sell their unlocked INJs. If there is a situation that does not match demand, prices may be negatively affected. However, if the negative atmosphere that appears in the first days of the month can be averted, there will be an increase in demand in the overall cryptocurrency market. Therefore, high demand can absorb the effects of the increasing amount of coins in circulation.

The SEC may make regulations or initiate an investigation if deemed necessary to protect investors and ensure financial stability. In the light of this information, considering the SEC's past decision processes, if it decides to classify it as a security, despite the decentralized structure of INJ, it should consider the purpose of use of INJ to provide it to investors, the rights and responsibilities of INJ owners, and the factors that are effective in determining the price of INJ. The need for the preparation of an information document that includes the factors and a licensed broker or stock exchange for INJ trading may come to the fore. Since each project's situation is different and the SEC evaluates each individually, how a fully decentralized approach will be handled by the SEC will depend on the characteristics of the project, its structure and the services offered.

Such projects do not like the state authorities, but they are the DeFis of the economy of the future.