Filecoin Price Crashes by Over 20% as the Crypto Market Suffers a Major Correction

The crypto market has undergone a major correction. Bitcoin temporarily dropped below $94,000 as the markets digested the US President's tariffs.

The crypto market has taken a beating. The biggest names in the industry, including Bitcoin, Ethereum, and Solana, have suffered massive price crashes as over $500 billion exited the market due to geopolitical uncertainties.

The Filecoin price saw one of the most considerable price dumps out of all the leading tokens, as it shed over 25% in just 24 hours. This left the decentralized storage token trading just above $3, as it moved towards a three-month low.

While chaos unfolded across the markets, the Infinaeon presale has managed to continue to push ahead. The project’s social media channels have continued to be extremely active as more tokens are launched on the Infinaeon mainnet, and the DEX sees a surge in use.

Further adding to the momentum around Infinaeon is the INF60 presale code, which is giving participants 60% extra on top of whatever they invest in the presale, which is halfway to its $2 million target.

This article will delve into the recent crypto market crash, analyze the Filecoin price drop, and explore the factors contributing to the continued success of the Infinaeon presale.

Filecoin Price Crashes by Over 20%

The crypto market has undergone a major correction. Bitcoin temporarily dropped below $94,000 as the markets digested the US President’s tariffs. During the Asian trading session on Monday, Ethereum experienced considerable selling pressure that saw it shed over 20%, while other notable altcoins, such as SUI, also struggled to find support.

The Filecoin price saw a brutal downturn, which pushed it below $3 for the first time in several months. In the process, the coin’s market cap fell below $2 billion, leaving it outside the top 50 cryptocurrencies by market capitalization.

Filecoin is a decentralized storage network that allows users to rent out their unused hard drive space. It aims to provide a more secure, efficient, and affordable alternative to traditional cloud storage providers.

The sudden sell-off has put long-term Filecoin price predictions into bearish territory, with doubts about its capacity to recover from this recent blow. The project faces challenges such as competition from other decentralized storage providers and the overall uncertainty surrounding the crypto market.

The Filecoin price has been struggling. Source: CoinGecko

Infinaeon Positive Price Predictions Supported by Low Market Cap

Even as the broader crypto market and stock market struggle to find support, the Infinaeon presale has continued to build on its bullish momentum. The team has successfully launched several major features on time, and now the presale is entering its final stages, with the INF token set to have its Token Generation Event (TGE) before the end of Q1 2025.

Part of the momentum behind the project is a product of its low TGE market cap, which is set at just $10.25 million. This is significantly lower than comparable projects like ARB and OP, which have valuations in the billions of dollars. This low market cap suggests that Infinaeon has substantial room for growth, potentially attracting investors seeking higher returns.

The presale is already close to reaching its $2 million goal, further fueling the excitement surrounding the project. As the presale progresses and the TGE approaches, the anticipation for Infinaeon’s official launch continues to build.

Adding to the hype is the project’s deflationary tokenomics model, implemented through a burn mechanism. This mechanism utilizes a portion of the gas fees collected on the network to buy back and burn INF tokens, effectively reducing the circulating supply over time.

INF 60% Presale Bonus Enters Final Stages

The INF60 promotional code is still viable, but only for a limited time. Entering this code prior to completing a presale transaction will give the user 60% extra INF tokens on top of their original purchase.

This is the second promotional offer run by the team, and it has resulted in considerable whale activity, including some purchases over $10,000. This demonstrates the strong interest in the Infinaeon project and its potential for high returns, especially with the upcoming DEX launch and the project’s deflationary tokenomics.

The activity generated by INF60 is pushing the presale closer to its final $2 million target. With the presale nearing its conclusion, those interested in participating are encouraged to act quickly to take advantage of the bonus offer and secure their INF tokens 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