The altcoin Injective Protocol (INJ) has seen a meteoric rise in 2022, with a gain of more than 3,000% and an all-time peak at nearly $40. Driven by the technological craze for artificial intelligence (AI), the INJ token could have a bright future ahead of it.
Injective’s impressive rally powered by AI
In just a few months, Injective Protocol has become one of the most talked about projects in the crypto sphere. According to AlphaScan data, INJ even surpassed Bitcoin in popularity on social media over the past week.
This sudden interest is partly explained by the recent confirmation of an AirDrop of tokens for projects built on Injective Protocol. L‘announcement on X (formerly Twitter) caused a massive influx of users looking to collect these free tokens.
But beyond this windfall effect, Injective Protocol is also riding the rising wave of AI.
A bright future driven by the growth of AI
With the emergence of generative models like GPT-4 or Bard, artificial intelligence is emerging as the disruptive technology of 2023. This enthusiasm directly benefits Injective Protocol.
Indeed, this decentralized finance blockchain network was designed specifically to be compatible with AI, thanks to its interoperable architecture. As more crypto projects adopt AI, Injective Protocol could become a key hub.
According to a Forbes study published in December 2023, the global artificial intelligence market is expected to grow by 37% per year until 2030. A spectacular progression which suggests a bright future for crypto projects linked to AI .
Injective Protocol on its way to the top 10?
Building on these very favorable dynamics, many are predicting further spectacular gains for the INJ in 2023 and beyond. According to the latest data from CoinMarketCap, Injective currently ranks 25th in terms of market capitalization, with a valuation exceeding $3.4 billion.
Given the meteoric growth of the artificial intelligence sector, Injective Protocol could easily enter the top 10 cryptocurrencies if these optimistic forecasts are confirmed.
Of course, in such a volatile and unpredictable crypto market, nothing is guaranteed. But with Injective Protocol’s strong fundamentals and AI’s immense potential, the lights are green for the party to continue.
Maximize your Tremplin.io experience with our ‘Read to Earn’ program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
