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Cryptocurrency News Articles

Fasttoken Joins INF with Impressive Resistance to Bearish Trend

Feb 05, 2025 at 08:38 pm

The Fasttoken price has defied the overall bearish sentiment gripping the crypto and stock market. The market tanked on news about the US imposing tariffs

Despite the broader crypto market experiencing one of its worst weeks in the past six months, with Ethereum suffering the single largest daily loss since the last bear market, some projects have been able to weather the storm.

The Fasttoken price remained stable and even produced some modest gains, while the Infinaeon presale continued to build momentum. These two projects show that with the right fundamentals, it’s possible to find projects that can resist short-term surges in negative sentiment.

Fasttoken, the native token of the Bahamut blockchain, saw its market cap remain stable even during seriously volatile trading days. This resilience can be attributed to its strong community support and its utility across various online platforms.

The INF presale continued to push towards its target, and several major milestones, including the DEX launch, added to the positive momentum. This progress demonstrates the team’s commitment to delivering on its promises and building a robust Layer-2 solution.

This article will delve into the recent crypto market crash and explore the factors contributing to the resilience of Fasttoken and the Infinaeon presale. It will also examine the unique features of each project and discuss their potential for future growth and success.

Fasttoken Joins INF with Impressive Resistance to Bearish Trend

The Fasttoken price has defied the overall bearish sentiment gripping the crypto and stock market. The market tanked on news about the US imposing tariffs on its two neighbors and China, pushing Bitcoin below $94,000 for the first time in several months.

Fasttoken (FTN) is the native currency of Bahamut, a Layer-1, public, EVM-based blockchain solution with a novel consensus mechanism called Proof of Stake and Activity (PoSA). FTN has a maximum supply of 1 billion tokens, with a circulating supply of just over 428 million. It is currently being used as a utility token on multiple online websites, including those focused on gaming and e-commerce.

The FTN price has been surprisingly stable even as comparable tokens tumbled. This resilience suggests that the market recognizes the project’s potential and its ability to provide real-world utility.

A possible cause of this stability is that Fasttoken offers solid EVM use cases and a unique consensus mechanism. The Proof of Stake and Activity (PoSA) consensus combines the benefits of Proof-of-Stake with an additional layer of security and efficiency, potentially contributing to the token’s appeal.

The Fasttoken price bounced back quickly. Source: CoinGecko

Ethereum Struggles: 20% Crash Suggests New Solutions Needed

One of the biggest shocks to the market has been the Ethereum price action, which saw over 20% knocked off its price. The crash pushed ETH below $2,500 and left its market dominance at a multi-month low.

This is part of a long-term trend that has left Ethereum struggling to maintain its position as the leading smart contract platform. While Ethereum was once the undisputed leader in the space, it now faces increasing competition from newer and more efficient blockchains.

Competition from the likes of Solana has hurt Ethereum, which is plagued by expensive and slow transactions. Solana’s high throughput and low fees have attracted many users and developers, eroding Ethereum’s market share.

This market action shows that Ethereum needs a better scaling solution, and that could be Infinaeon. Infinaeon’s Layer-2 technology aims to address Ethereum’s limitations by processing transactions off-chain, reducing congestion and enabling faster and cheaper transactions.

Infinaeon aims to become a leading Ethereum scaling solution and potentially save it from collapse. By providing a more efficient and cost-effective platform for users and developers, Infinaeon could help Ethereum regain its dominance in the smart contract and DeFi space.

Infinaeon Presale Shakes Off Sudden Crypto Market Crash

The Infinaeon presale has held up during the market flash crash. This is due to a combination of factors, including a series of high-profile milestone achievements, such as the DEX launch and the INF60 promotional code.

The recently launched DEX, Infinity Swap, provides a fast, efficient, and user-friendly platform for trading crypto assets within the Infinaeon ecosystem. It is expected to attract significant liquidity and contribute to the growth of the Infinaeon network.

The INF60 promotional code offers presale participants a 60% bonus on their token purchases. This limited-time offer allows investors to acquire a larger stake in the project at a discounted price.

Join The Infinaeon Presale Now

Presale: https://presale.infinaeon.com/

Telegram: https://t.me/Infinaeon/

Discord: https://discord.com/invite/WSy65uAYfd

X: https://x.com/Infinaeon

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Other articles published on Feb 06, 2025