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Injective (INJ

 Injective (INJ) has a couple things coming up. Injective is a layer one now on Cosmos. It's actually able to connect with Ethereum, which is actually really cool. I don't know anybody using Injective, though, which is a problem. They have a thing called Project X coming out, which has both yield generation, which I think is outdated now, and launchpad fundraising and listings.

You may remember we talked about Injective a long time ago. I think we rode this up almost 10X back in the day, but it's back down to $1.60. It was like $2.75 not too long ago, and it's at one $160 million total valuation. So actually, most of the supply is out there, so I'm not as worried about it in terms of inflation.

But INJ is the first Custody staking token on Binance Custody. Since there is a huge gap now with FTX out of the picture I am extremely bullish for INJ. You have two catalysts. One is that people that want a stake on their Custody platform, they're going to diversify their holdings on Custody and they want to put it on something that has interest. So INJ is one of those things, and it's such a small market cap relative to all the other L1s.

And the second is that the Launchpad fundraising and listings could bring some demand to it. 

With INJ falling in price and all this news coming out the same week, and it's not really up from this crazy drop to $1.40, makes it a good spotlight coin to look at investing in this week. I have bought some. 

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