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The Injective project appeared in cryptocurrency ratings in October 2020. Its price was then $0.76. It should be said right away that in all subsequent years, the INJ token only grew in price. It never fell below $1. This is a very strong argument for buying INJ for the long term. Today, the INJ token can be bought for $21 and this is still a good price. Let's take a closer look.
INJ missed the first bull season of 2018 for obvious reasons.
In the second bull season, INJ first rose from $1 to $17, and then, during the second wave of the bull season of 2021, INJ was able to reach the $22 mark. The next 3 years were a protracted correction and INJ fell to $1.30. The bear season provoked the collapse of the entire crypto market and INJ was no exception.
And here comes 2024, and with it the third bull season.
The first wave of the 2024 bull rally brought INJ to the level of $ 52. The token was able to rise from $ 7. The increase in price is almost 8 times. A very good result. At the moment, this is its absolute record. But let's see what happens next, because 2024 is not over yet. Now the token has adjusted to the mark of $ 21 and is ready to jump.
What are the prospects for INJ for the second wave of the 2024 bull season
According to our forecasts, November and December will be the second wave of the 2024 bull market. Bitcoin will be able to rise in price to 80 - 100 thousand. In this case, the INJ token will be able to jump to the level of 80 - 100 dollars. Investors who buy INJ today will be able to earn 4-5 times. Injective is a very good investment both in the long and short term.