|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Optimism Price Crashes: Is INF Going To Be The New Layer-2 Leader?
Dec 23, 2024 at 03:56 pm
Optimism has seen all of its yearly gains burn up in a 30% pullback. This has reduced the OP price from a yearly high of $4.56 to below $1.8.
Optimism (OP) has been one of the worst performers among major cryptocurrencies in 2023. Even as the rest of the market has rallied to new highs, OP has struggled to keep pace, largely due to another round of steep losses.
After a 90% decline in 2022, OP has lost another 70% this year. The most recent pullback, which knocked 30% off its value, erased even the modest year-on-year gains posted by the layer-2 token.
As OP continues to struggle, another layer-2 solution has been stealing its market share. The Infinaeon project, which is still in its presale stage, has been consistently raising funds even as the market has experienced considerable volatility.
Many traders believe it could be one of the best plays in 2025 in terms of returns post-presale. Infinaeon offers a range of features designed to enhance the user experience and attract developers, including a decentralized exchange (DEX), a cross-chain bridge, and a robust scaling solution.
This combination of scaling features, on-chain tools, and deflationary tokenomics is responsible for the bullish momentum behind the project and explains why many traders are choosing it over Optimism.
OP Crashes 30%: Is INF Set To Become The New Layer-2 Leader?
Optimism has seen all of its yearly gains burn up in a 30% pullback, reducing the OP price from a yearly high of $4.56 to below $1.8. As a result, Optimism's market capitalization is now well below $2.5 billion.
Optimism is a Layer-2 scaling solution for Ethereum that aims to improve transaction speeds and reduce fees. It utilizes Optimistic Rollup technology to achieve this, processing transactions off-chain and submitting them to the Ethereum mainnet in batches.
OP, the native token of Optimism, is used for governance, staking, and paying transaction fees within the ecosystem.
It is worth noting that the total value locked in Optimism suggests some positive news, as it has remained fairly stable at around $700 million, even during price downturns. This indicates that despite the token's price struggles, the platform continues to see usage and adoption.
However, the Layer-2 solution isn’t the only thing driving the Infinaeon presale. Tokenomics appears to be a major factor, with its deflationary model and potential for high returns attracting significant investor interest.
Traders in the Ethereum ecosystem are always on the lookout for the next hottest Layer-2 scaling solution, and many appear to be backing Infinaeon over legacy solutions like OP and ARB.
Infinaeon's Layer-2 solution offers a range of advantages over existing platforms, including faster transaction speeds, lower fees, and enhanced security. Its unique gas fee allocation mechanism, which utilizes a portion of fees to buy back and burn tokens, further differentiates it from the competition.
Additionally, Infinaeon's upcoming decentralized exchange (DEX) and cross-chain bridge are expected to further enhance its ecosystem and attract users and developers. These features, combined with the project's strong community support, have positioned Infinaeon as a potential leader in the Layer-2 space.
Optimism's total value locked has remained stable despite the poor price performance. Source: DeFiLlama
Deflationary Tokenomics Adds to INF Presale Hype
While there is no doubt that part of the Infinaeon rally has been driven by its layer-2 scaling potential and native DEX, many members of the community appear to be focused on tokenomics. The project's deflationary model, which aims to reduce the token supply over time, has generated considerable excitement among investors.
This deflationary mechanism is achieved through a unique gas fee allocation system. A portion of the gas fees collected on the Infinaeon network is used to buy back and burn tokens from the open market. This process effectively removes tokens from circulation, creating scarcity and potentially driving up the price.
The starting maximum supply of Infinaeon tokens is capped at 420 million. However, the burn mechanism ensures that this supply will gradually decrease as the network grows and transaction volume increases. This creates a dynamic where increased usage of the platform leads to a reduction in the token supply, potentially benefiting all holders.
The Infinaeon presale is currently live, and traders can participate with several cryptocurrencies, including ETH, BNB, and stablecoins. As an added incentive, the presale offers a 2% bonus on top of every purchase, allowing early investors to acquire more 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.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Top Meme Coins of December: YETI, PEPE, and BONK
- Dec 23, 2024 at 08:55 pm
- December is heating up in the crypto space with exciting opportunities for investors looking to maximize their returns. While established tokens often dominate the market, this month, emerging altcoins like Yeti Ouro (YETIO), Pepe Coin (PEPE), and Bonk (BONK) are capturing attention.