Injective is a first fastest blockchain that offers auto-executing of smart contracts which empowers speedy, innovative and groundbreaking applications.
Injective protocol has its native token called inj which is used for governance purposes. Inj holders decides the direction for the injective protocol.
Injective is getting a lot of attention in crypto these days bevause its price is observing a continuous growth from many days. Inj price has gained 130% in the last 30 days. This is very good growth.
I was checking its history recently and i was surprised by its growth in terms of price. Inj price is up 2500% in one year. This is mind blowing.
Injective has its own bridge where users can bridge assets from other chains to injective. The fee charged is very less for bridging funds.
Now when Injective is trending everywhere , people are having regret for fading Inj. Its not the first time we have seen people regretting. This is vert normal. We always ignore when something is available cheap and then it gets expensive we start regretting. For example $LEO is very cheap at the moment and many users are ignoring it. But when its price will pump hard those users will cry for not buying early.
Well Inj is having almost 90% circulating supply and a significant amount of inj token is locked. It is generating a decent volume on daily basis. Inj price is 32% pumped today and it still has a lot of room to grow.
There are a number of good prohects built on injective , these include Helix, Mito , Black Panther , Hydro Protocol and Dagora. Its an ecosyatem of thrilling dapps.
Bitcoin inscriptions are getting so much popular which is why we are seeing different chains and projects launching inscriptions on chain.
The first inscription on inj launched earlier today named as injs which has got a lot of attention in the community. But the inscription mint has to stop due to large fees. It will relaunch later at some time.
Personally i love inscriptions as it is a great opportunity to get your hands early into the project.
Recently i have minted inscription on Avax chain named as AVAV. I did mint twice. It gave me a profit of $7.5 on its launch.
Another inscription launched yesterday on BNB smart chain by friend3 tech. The ticker was Sofi. I did tried to mint three times but each one failed. I could not mint any. After it was launched on inkevm the price sky rocketed. I was feeling very unlucky.
My focus is on inscriptions right now s it is a best way to have some nice profit.
In an inscription launch you mint tokens yourself by paying a transaction fees. Its like a claimdrop. You pay a small fee to claim tokens. There is a limit kept per wallet by the owner in order to make sure the distribution is fair.
Some projects may set extra fee for inscription mint. You may lose funds when engaging with inscription because there are many fake inscriptions running on every chain. You should not mint if the transaction fee is too much high. There are higher chances that it is likely a scam project.
Thats it for today. Thanks
for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
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