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MEXCdearestWhat happened to the price of Injective
Injective trades at $7.19 today — −86.4% from its $53.00 high set in March 2024. A fall that deep means something simple: returning to that level would take a 7.4× rise.
From low to high
Over 6 years the price of Injective has moved between $0.6501 and $53.00. The low came in November 2020, the high in March 2024. From the bottom the price has risen 11× — which is what someone would have made buying at the worst possible moment and holding to today.
The deepest fall on monthly closes was −94.3%: from the peak in April 2021 to the bottom in June 2022, taking 14 months. A useful number: it shows what holding through would have meant.
It has been 32 months since that high, and the price has not returned to it.
What the years show
The best full year was 2023 at +2704%. The worst was 2022 at −84.5%. Of 5 full years, 2 closed up and 3 closed down.
Falling years outnumber rising ones — but the spread between the best and worst year matters more than the count: that is what tells you what to be ready for.
The current year stands at +71.6%, ranging from $2.65 to $9.42.
Months: how many closed up
Of 71 closed months, 38 finished up and 33 finished down — 54% of months were rising ones. The average month returned +11.5%.
The strongest month on record was December 2020 at +241%; the hardest was May 2021 at −56.6%.
Does INJ have a seasonal pattern
On average INJ did best in January: +36.1% across 6 observations, 3 of them positive. It did worst in June: −17.6% across 6 observations.
We print the number of observations next to the percentage for a reason. 6 observations is 6 observations: on a sample that size a pattern cannot be told apart from coincidence. Interesting to look at, not something to plan around.
How to use this
Everything above is the past. It does not say where the price goes next, but it does show the range to be ready for: $0.6501 to $53.00, with a drawdown of −94.3%.
What is useful right now is this: INJ costs different amounts on different exchanges, and that gap is visible in the cross-exchange scanner. Before a large purchase it is worth checking the order books — they show how much you can actually take at a given price, not just the best offer. And if the coin has to move between venues, the transfers section shows which network is cheaper.
