Injective vs Gorilla: Which is Worth Buying Before 2024?

Both Injective protocol and Gorilla are distinctive crypto projects, aiming to improvise decentralized exchange services in their own ways. While the Injective protocol exists on the Cosmos blockchain, Gorilla is powered by the Ethereum blockchain.

Timeline of Injective

Crypto Price Prediction: The crypto market currently continues its corrective phase following its recent rally initiated in mid-October. This phase is crucial for buyers to gather momentum for the next upward move.

Injective (INJ), the cryptocurrency native to its own layer-1 blockchain, has seen a remarkable year. The token reached an all-time high of $39.88 on Tuesday, marking an extraordinary 3000% surge over the past 12 months.

The price of crypto asset Injective has rapidly risen over 2,600% year-to-date to reach new all-time highs around $35, driven by a massive increase in futures trading volumes and leverage, but remains prone to substantial volatility and pullback risks.

In the world of cryptocurrencies, altcoins are becoming more popular, especially as many of them are on the rise and showing better performance than the leading cryptocurrency, Bitcoin. Among the standout altcoins recently are Avalanche, Bonk, and Solana.

In an intriguing move, a popular DeFi token, Injective, experienced a massive rally. It was believed to be a result of positive market sentiment, as they had shifted from being neutral to greedy as the Bitcoin price resumed its upswing.

With the token touching $31.35 early on Friday, the injective (INJ) price formed a new all-time high, suggesting that it has recovered all of its losses. In the cryptocurrency industry, altcoins are gaining traction because most of them have started to rise and are outperforming the leading cryptocurrency, Bitcoin.

Injective, an AI-backed interoperable blockchain optimized for DeFi applications, appears to be portraying noteworthy gains within the crypto space today, December 14. With INJ's horizon amassing bullish sentiments globally, the token is emerging as one of the leading AI-based digital currencies within the crypto landscape.

Injective Protocol's INJ token has recently hit a new all-time high of $27.02. However, it appears that the market is currently in a phase of rest and consolidation, with investors cautiously hopeful yet reluctant to drive prices much higher at the moment.

Injective Price Prediction: Defying the broader market sentiment of uncertainty, the Injective coin entered a strong recovery mode from the second week of December. Amid this rally the coin surged from $16.63 to a recent high of $25, registering a growth of 67.48% in a week.

As the second week for crypto trading began, the market slammed the bullish hopes of traders after bringing remarkable surges for over the past few weeks. Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Solana's SOL, along with other significant altcoins, were hit by bearish volatility and opened in a downtrend.