How to do token analysis: Take INJ coin as an example

Author: lesley@footprint.network, compile: cici@footprint.network, data source: Inj token dashboard (only Ethereum data)

In the field of cryptocurrencies and digital assets, token analysis plays a vital role.Token analysis refers to the process of in -depth research on token related data and market behavior.This is a detailed process involving a thorough inspection of prices and liquidity related to these assets.

Through token analysis, we can obtain investment decisions on market trends, risk factors, transaction activities and capital flow.

Inj tokens are native cryptocurrencies of Injective Protocol. Injective Protocol is a decentralized exchanges (DEX) that provides cross -chain margin transactions, derivatives and foreign exchange futures.

Injective

As a Layer 2 application running on the COSMOS blockchain, Injective uses an order book model, which makes it different from AMM -based DEXS (such as Uniswap).Inj tokens act as the governance tokens, pledged assets and transaction costs in the platform, eliminating the needs of online GAS costs.

How to analyze INJ tokens?

Token analysis is very important. Generally speaking, what key indicators need to be considered?

Inj token price per day for the last 30 days

Token price

Token prices, measured in the form of legal currency and cryptocurrency, are the key indicators to evaluate the health status and potential of the token market.The price of INJ token has experienced a sharp decline in one month.On December 24, the price of the token was 42.17, but by January 23, it had fallen to 34.82.17.4% of the decline may show potential market sentiment and factors affecting the cryptocurrency market.

Inj daily token trading addresses

Transaction address

We have observed the decrease in the number of wallet addresses in the active transaction of INJ in the past month.This indicator is very important because it can deeply understand the trading activities of the tokens and investor participation.

Inj daily token trading value in cexs

Analysis of net flow in CEX: Identification of investor behavior trends

By analyzing the tokens of the entry and exchanges (CEX) to the tokens, you can understand investor behavior in depth.

Inj token holder list

Token concentration

Analysis of token concentration is crucial because it reveals the key opinions of market integrity and easily manipulating.By analyzing the distribution of tokens among top holders, we can deeply understand the influence of whale investors and the overall health status of the token market.

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