INJ: User activity increases, profit at zero, and strong capital inflow
- Injective (INJ) has not yet generated profit (0 USD), but the number of active and returning users has significantly increased.
- Chart analysis suggests a high possibility of INJ price explosion in the near future due to multiple concordant technical indicators.
Injective (INJ) continues to show a strong price uptrend in the cryptocurrency market, becoming one of the top-growing coins in the last 24 hours with an 8.53% increase. As a result, its accumulated profit for the month reached 24%.
Market analysis shows that INJ is attracting significant investor attention. However, the Injective chain has not yet generated actual profit, raising the question: Will this affect INJ's ability to maintain its growth momentum?
In-depth report on Injective...
Strong user growth, on-chain profit at zero
User activity on the Injective network has increased noticeably in recent days.
Data from the number of returning traders shows an increasing number of traders returning to Injective.
From a low of just 28,000, the number of returning users has increased to 46,800 — an increase of nearly 20,000 users.
Source: Artemis
The number of monthly active users has remained stable since 29.05, with 90,000 users using Injective for trading, confirming a good interaction level with this blockchain.
However, Injective's on-chain profit has dropped sharply, currently at 0 USD according to the latest data from Artemis.
Typically, zero on-chain profit indicates high operating costs from the development team, which can easily shake investor sentiment.
Source: Artemis
Contrary to these concerns, investors are pouring more liquidation into Injective, as shown by the significantly increasing Total Value Locked (TVL).
TVL is an indicator that evaluates market capitalization based on the value locked in blockchain protocols. Increasing TVL means new capital is flowing into the ecosystem.
Currently, INJ's TVL is $28.59 million, increasing 16.75% in just 24 hours — confirming the capital flow and significant market interest, despite zero profit.
Where will INJ go next?
Current technical signals and on-chain data both lean towards a strong price increase scenario for INJ in the short term.
INJ has just broken through a major resistance zone on the price chart, opening up growth potential of an additional 20% if the trend continues to improve.
Source: TradingView
Additionally, technical indicators like Bull-Bear Indicator and Parabolic SAR are giving strong continued price increase signals.
The Parabolic SAR indicator — when dots appear below the price — is currently confirming the price increase trend for INJ.
Similarly, the Bull-Bear Power Indicator with its histogram is showing the buying side's strength in the market.
Source: TradingView
Currently, the histogram indicator shows green bars appearing for the sixth consecutive day, with today's bar being the largest, reinforcing price increase expectations.
If these positive signals persist, INJ can certainly continue its breakout. However, if investor sentiment changes — especially when focusing on zero on-chain profit — INJ will face a strong correction risk.
