Injective Protocol: Redefining Web3 Finance
- Injective Protocol Overview:
- Provides traders access to various markets with decentralized exchange services like margin trading and forex futures.
- Uses an order book model instead of AMM for liquidity control, distinguishing it from other DEXs.
- Based on the Cosmos network as a layer 2 chain, leveraging chain bridges for token access.
- Injective Protocol Team:
- Founded by Eric Chen, known for innovative trading initiatives in blockchain.
- Albert Chon, the CTO, invented a new Ethereum standard and has experience at Amazon.
- Other team members include Mirza Uddin, Chris Choi, Noah Axler, Julie Lee, Bojan Angjelkoski, and Nam Dang.
- Tokenomics of Injective:
- Total supply of 100,000,000 INJ with allocations for ecosystem development, team, private sale, community growth, and more.
- INJ token's use cases include governance, staking, and collateral derivatives within the Injective ecosystem.
- Competition Analysis:
- Competitors like Avalanche, NEAR Protocol, and ChainLink offer alternatives to Injective with unique features.
- Avalanche focuses on high throughput, NEAR Protocol on cloud computing, and ChainLink on decentralized oracles.
- Future Outlook and Drawbacks:
- Predictions suggest a bullish run for INJ due to growing user attention and planned collaborations.
- Drawbacks include limited liquidity on the derivative exchange and reliance on centralized price feeds.
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Technical Analysis for NEAR
Technical Sentiment Analysis for NEAR Protocol (NEAR) As of , NEAR Protocol (NEAR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for NEAR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, NEAR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
NEAR Protocol (NEAR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.37 | 0.605 | 0.858 | 1.093 | 1.346 | 1.581 | 1.834 |
| Fibonacci | 0.605 | 0.792 | 0.907 | 1.093 | 1.28 | 1.395 | 1.581 |
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