How Many Injective INJ to Become a Crypto Millionaire?

In our “How many  X to be a millionaire” series, we have a special case today. This project is one that went from relative obscurity to a top 50 project all in the last year. Its growth has been SO explosive, that it leaves people wondering, did I miss my chance?

And not in a FOMO type of way. The gains were so enormous, that it’s natural to wonder how fast the growth can continue from here. Who are we talking about? Injective. So let’s see how many INJ it takes to make you a millionaire.

INJ Historical Performance

Before I come to an exact number of Injective you need to become a millionaire, you and I need to understand where INJ could go from here. And to do that, we first need to understand where it’s been.

Injective has been one of the darlings of 2023. It’s up 48% in the last 30 days and a staggering 1545% in the last 12 months. WOW. Its all-time low was ~3 years ago at 65 cents and those days look LONG gone. We are currently at new all-time highs.

At its current price of $39.7, the market value of Injective is $3.3 billion, placing it at #28 rank among all crypto projects. That puts its market value higher than some big names in the industry like Optimism, Algorand, Maker, and The Graph.

So, that’s an idea of how big Injective is now. But if its financial appchain story becomes a success, there’s no reason why it couldn’t become a $100 billion project. But could Injective hit new all-time highs and make some millionaires? Yes, yes it can. Do you think INJ will hit a new all-time high? Let us know in the comments below.

What do the INJ Charts Say

We asked our Technical Analysis team to look at INJ and here’s what they had to say. The lowest price in 2023 is $1.27 on January 1st. It’s been in a steady uptrend since February. The first support point on the downside is $14.30 followed by $7,81. As far as resistance on the upside goes, we are currently in an all-time high range.

How Many Injective INJ to Become a Crypto Millionaire?

Source: Coingecko

The chart looks very healthy from here although a correction would be natural and healthy at this stage. That could lead to a cheaper entry point from current prices if you want to go long.

How Much INJ = $1 million?

We like INJ for:

  • It’s a financial appchain story. 
  • It is a big part of the Cosmos ecosystem: an ecosystem we are big fans of.
  • Good tokenomics: 85% of the total supply is in circulation.

So, how much INJ does it take? In the next 2-5 years, we see INJ going up to $400-600. That would mean INJ is worth 40-60 billion. That’s the range where BNB is now.

So at $400, that means you would need 2500 INJ. Or in the upper end of our range, you would need 1666 INJ to become an Injective millionaire. And at today’s price, you can get 1666 INJ for $43,333. That would be a 20x+ return at $600. Could INJ hit $400-600? Let us know in the comments below.

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

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