Future

Injective

April

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/major-upgrade-in-inj-coins-tokenomics/" data-wpel-link="internal">Major Upgrade in INJ Coin’s Tokenomics</a><br></p>
<p style="text-align: justify">When the community proposal was announced, it made quite a noise and has now been approved. Since it pertains to the token economy, it is expected to impact the price. The details of this development contain important points that long-term INJ Coin investors need to memorize. So, what are the critical details about the supply? How will it affect the price?</p> 
<h2 style="text-align: justify" id="the-future-of-inj-coin">The Future of INJ Coin</h2> 
<p style="text-align: justify"><strong>Injective</strong>‘s tokenomic system has accepted the biggest upgrade. The proposal dated April 19 aims to make <strong>INJ Coin</strong> one of the most deflationary assets in crypto. The native token of the Cosmos-based Layer 1 network, INJ, will quadruple deflation in two years.</p> 
<p style="text-align: justify">Injective Foundation CEO Jenna Peterson recently stated;</p> 
<blockquote> 
 <p style="text-align: justify">“This proposal is the next stage in Injective’s development; since its inception, we have seen billions of dollars flow through. To ensure that the ecosystem serves institutional players in the long term, INJ must function as ultrasound money – rewarding early adopters and attracting new participants.”</p> 
</blockquote> 
<p style="text-align: justify">The recent development has two main components. The first is changes made to INJ’s upper and lower inflation limits. Within two years, the upper limit will be reduced to 7% and the lower limit to 4%. The second part of the proposal is to increase the inflation rate change parameter from 0.1 to 0.5, thus increasing sensitivity to staking activities.</p> 
<p style="text-align: justify">A slower increase in circulating supply, if demand remains the same, should lead to a price increase. In the long term, we will see more clearly how this is implemented and its impact on demand.</p> 
<h2 style="text-align: justify" id="inj-coin-price-prediction">INJ Coin Price Prediction</h2> 
<p style="text-align: justify">As of the time this article was prepared, <strong>INJ Coin</strong> is trading at $28.6, and if it can overcome the $29.7 barrier, new highs could be seen. The price of the <a href="https://coin-turk.com/bu-altcoin-donum-noktasina-ulasabilir" data-wpel-link="internal">altcoin</a> had peaked at $53 by mid-March after increasing very rapidly. If the first resistance is overcome, surpassing $33.79 could also test the 2024 highs again.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-343718 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/INJUSDT_2024-04-23_18-59-04.png" alt="" width="1201" height="554"></p> 
<p style="text-align: justify">Looking at the downside, if the $22.85 support is lost, the $18.5 and $13.5 lows could be retested. Considering the price lingered around $7.5 in October, we can say it has been one of the best-performing altcoins this year.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/major-upgrade-in-inj-coins-tokenomics/" data-wpel-link="internal">Major Upgrade in INJ Coin’s Tokenomics</a></h5>

Major Upgrade in INJ Coin’s Tokenomics

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