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Injective to United States Dollar Converter and calculator

Convert 1Injective (INJ) to United States Dollar (USD) equals $ 33.4 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Injective(INJ) to United States Dollar(USD). This is the real-time data. The current conversion shows 1 INJ at a value of 1 INJ for 33.40 USD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

USD information

About the United States Dollar (USD)

What Is the United States Dollar (USD)?

The United States Dollar (USD), designated by the ISO code USD and commonly abbreviated as US$, is the official currency of the United States of America. It is one of the most recognizable and influential currencies in the world. The USD is used within the United States and its official territories, such as Puerto Rico, Guam, America Samoa, U.S. Virgin Islands, and Northern Marina Islands. Additionally, eleven other countries have adopted the USD as their official currency, including Ecuador, El Salvador, Zimbabwe, Palau, Marshall Islands, Panama, the British Virgin Islands, Turks and Caicos, Timor-Leste, Micronesia, and Bonaire.

The issuance and regulation of the USD are the responsibilities of the Federal Reserve System, the central bank of the United States. The Federal Reserve, or "the Fed," manages the country's monetary policy and ensures the stability and integrity of the currency. The U.S. Department of the Treasury, through the Bureau of Engraving and Printing, is tasked with the printing of paper currency, while the United States Mint produces coinage.

What Is the History of USD?

The United States Dollar (USD) has a rich history that mirrors the evolution of the United States. Initially grappling with diverse foreign currencies post-independence, the need for a unified system led to the Continental Congress adopting the dollar as the national currency on July 6, 1785. The choice was influenced by the Spanish dollar's prominence in the Americas. The Coinage Act of 1792 further established this move, creating the U.S. Mint and defining the dollar's value in gold and silver, initiating the bimetallic standard which stabilized the nation's economy and laid the groundwork for future financial growth. The 20th century saw the USD's global influence surge, especially with the 1944 Bretton Woods Agreement that pegged global currencies to the dollar, then linked to gold, making it the principal reserve currency worldwide. This status evolved in 1971 when the USD shifted to a fiat currency, backed by the U.S. government trust and credit.

Notes and Coins of USD

The U.S. currently prints currencies in denominations of $1, $2, $5, $10, $20, $50, and $100. The printing of notes higher than $100 ceased in 1946, with circulation formally stopping in 1969. Modern U.S. currency notes have incorporated additional colors since 2004 for differentiation, and plans are underway to add improved tactile features for visually impaired citizens.

The U.S. Mint also produces coins in denominations of 1 cent (penny), 5 cents (nickel), 10 cents (dime), 25 cents (quarter), 50 cents (half dollar), and 1 dollar. These coins are used for everyday transactions and also include collectible and commemorative versions.

The World’s Reserve Currency

The U.S. dollar's ascension to the status of the world's reserve currency is rooted in a confluence of historical events and economic strategies. Emerging as a dominant economic power in the early 20th century, the United States solidified the dollar's position through the establishment of the Federal Reserve in 1913 and the accumulation of significant gold reserves during World War I. The pivotal Bretton Woods Agreement in 1944, where 44 Allied nations pegged their currencies to the dollar, marked a defining moment, effectively linking global finance and trade to the U.S. currency. This arrangement was underpinned by the strength and size of the U.S. economy and the dominance of its financial markets. In 2022, the dollar constituted 59% of all foreign bank reserves, reflecting its enduring global influence. Despite discussions on de-dollarization, the U.S. dollar remains the principal reserve currency, a testament to its continued centrality in the international economic system.

What Is the US Dollar Index (USDX)?

The US Dollar Index (USDX) is a vital financial tool that measures the value of the United States Dollar (USD) against a basket of foreign currencies. Established in 1973, the USDX was created in the wake of the Bretton Woods Agreement's collapse. The index includes a diverse mix of currencies, originally comprising 17 currencies from 17 countries. However, with the introduction of the Euro in 1999, the index was adjusted, and it now primarily tracks the USD against six major world currencies: the Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Canadian Dollar (CAD), Swedish Krona (SEK), and Swiss Franc (CHF).

What Is the Relationship Between USD and Gold?

Historically, the United States Dollar (USD) was closely tied to gold, operating under the gold standard system. This system, formalized in the early 20th century, pegged the value of the USD to a specific quantity of gold, offering stability and confidence in the currency's value. However, in 1971, this changed dramatically with the "Nixon Shock," which ended the convertibility of the USD into gold and shifted the currency to a fiat system. This move detached the USD's value from gold, making it subject to market forces and government policies.

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Bitget crypto-to-fiat exchange data shows that the most popular Injective currency pair is the INJ to USD, with for Injective's currency code being INJ. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for USD.

INJ to USD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Injective has changed -4.22% to USD. Based on the trend and price charts, Injective(INJ) has changed -4.22% to USD while United States Dollar(USD) has changed % to INJ in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$33.57
0.0001% / 0.0004%vip-iconVIP
Binance
$33.59
0.1000% / 0.1000%
Yes
OKX
$33.58
0.080% / 0.100%
Yes
Huobi
$33.73
0.1000% / 0.1000%
Yes
Gate.io
$33.63
0.1000% / 0.1000%
Yes
Bybit
$33.59
0.1000% / 0.1000%
Yes
KuCoin
$33.63
0.1000% / 0.1000%
Yes
Bitfinex
$33.63
0.1000% / 0.1000%
Yes
Last updated 2024/02/23 21:00:33(UTC+0)

What factors influence the conversion rate of Injective to United States Dollar?

Injective to United States Dollar is falling this week.
Injective's current market price is $ 33.4 per INJ, with a total market cap of $ 3,119,253,310.78 USD based on a circulating supply of 93,400,000 INJ. The trading volume of Injective has changed by -14.71% ($ -27,401,999.35 USD) in the last 24 hours. Last trading day, INJ's trading volume was $ 186,235,859.01.
Market cap
$3.12B
24h volume
$158.83M
Circulating supply
93.40M INJ

Conversion tables

The exchange rate of Injective is increasing.
1 INJ is currently valued at $ 33.4 USD , which means buying 5 INJ will cost $ 166.98 USD . Similarly, $1 USD can be traded for 0.02994 INJ, and $50 USD can be converted to 1.5 INJ, excluding any platform or gas fees.
The exchange rate of 1 INJ to United States Dollar has changed by -1.82% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.22%, reaching a high of 34.8 USD and a low of 32.09 USD . One month ago, the value of 1 INJ was $ 32.79 USD , which represents a +1.86% change from its current value. Over the last year, Injective has changed by
+$
9.43USD
, resulting in a change of +743.32% in its value.

INJ to USD

Amount
21:31 today
0.5 INJ
$16.7
1 INJ
$33.4
5 INJ
$166.98
10 INJ
$333.97
50 INJ
$1,669.84
100 INJ
$3,339.67
500 INJ
$16,698.36
1000 INJ
$33,396.72

USD to INJ

Amount21:31 today
0.5USD0.01497  INJ
1USD0.02994  INJ
5USD0.1497  INJ
10USD0.2994  INJ
50USD1.5  INJ
100USD2.99  INJ
500USD14.97  INJ
1000USD29.94  INJ
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Today vs. 24 hours ago

Amount21:31 today24 hours ago24h change
0.5 INJ$16.7$17.43
-4.22%
1 INJ$33.4$34.87
-4.22%
5 INJ$166.98$174.35
-4.22%
10 INJ$333.97$348.69
-4.22%
50 INJ$1,669.84$1,743.46
-4.22%
100 INJ$3,339.67$3,486.92
-4.22%
500 INJ$16,698.36$17,434.61
-4.22%
1000 INJ$33,396.72$34,869.21
-4.22%

Today vs. 1 month ago

Amount21:31 today1 month ago1M change
0.5 INJ$16.7$16.39
+1.86%
1 INJ$33.4$32.79
+1.86%
5 INJ$166.98$163.94
+1.86%
10 INJ$333.97$327.87
+1.86%
50 INJ$1,669.84$1,639.37
+1.86%
100 INJ$3,339.67$3,278.73
+1.86%
500 INJ$16,698.36$16,393.67
+1.86%
1000 INJ$33,396.72$32,787.35
+1.86%

Today vs. 1 year ago

Amount21:31 today1 year ago1Y change
0.5 INJ$16.7$1.98
+743.32%
1 INJ$33.4$3.97
+743.32%
5 INJ$166.98$19.83
+743.32%
10 INJ$333.97$39.65
+743.32%
50 INJ$1,669.84$198.25
+743.32%
100 INJ$3,339.67$396.5
+743.32%
500 INJ$16,698.36$1,982.52
+743.32%
1000 INJ$33,396.72$3,965.03
+743.32%

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FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.