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Cryptocurrency News Articles
Raydium (RAY) Price Crash Leads to 6% Drop, While Infinaeon Presale Surges Thanks to Bonus and Bullish Tokenomics
Nov 06, 2024 at 10:42 pm
The Raydium (RAY) price has suffered a considerable pullback following an astonishing rally that resulted in a 1000% year-on-year surge that pushed the Solana-based token well over $3.5.
The recent Raydium (RAY) price crash has pushed the token’s value down to $3.37, breaking through several levels of support in the process. This sharp decline has raised eyebrows among traders, especially considering Raydium's stellar performance over the past year, which saw the token rally by over 1000%.
Despite this impressive ascent, the token’s current price still represents a significant discount of around 80% from its all-time high. Moreover, the majority of Raydium price predictions anticipate that the token will not cross the $5 mark anytime soon.
Raydium is an automated market maker (AMM) and liquidity provider on the Solana blockchain, closely integrated with the Serum decentralized exchange (DEX). It enables users to access deep liquidity and trade a vast range of cryptocurrencies.
The AMM has gained popularity due to its fast transaction speeds, low fees, and user-friendly interface, making it a key player in the Solana ecosystem. However, the recent price crash has sparked concerns about the project's future and its ability to compete with other AMMs and DEXs.
Infinaeon Presale Surges With Bonus Token, Bullish Tokenomics
The Infinaeon presale has largely shrugged off the volatility impacting Raydium and SOL, with its resilience largely attributable to the project's tokenomics, which have captured the attention of investors seeking long-term growth potential.
One key aspect of Infinaeon that has generated interest is its deflationary token model. The project utilizes a portion of gas fees to buy back and burn tokens, creating scarcity and supporting the value proposition of the native token.
As the network grows and activity increases, this mechanism ensures that the value of existing tokens also rises, offering a potential hedge against inflation.
Another亮点是Infinaeon的自动复合质押奖励,旨在激励长期持有。通过质押他们的代币,用户可以赚取被动收入,该收入会自动再投资,从而随着时间的推移带来指数增长。
This benefits token holders and contributes to the network's security and stability.
The project's focus on onboarding DeFi protocols has also played a role in its appeal. Infinaeon's Layer-2 solution provides a more efficient and cost-effective platform for DeFi applications, potentially attracting developers and users who are looking to get away from the high fees and congestion on the Ethereum mainnet.
SOL Price Rallies After Short-Term Crash
As Bitcoin fiyatı yükseldi$69,000 to a new all-time high of $75,000, SOL has hit a multi-month high. It rallied from below $160 to over $180. Solana is a high-performance blockchain platform that has gained popularity for its fast transaction speeds and low fees. It is often touted as a competitor to Ethereum, offering a more scalable and efficient alternative for decentralized applications (dApps).
Most Solana price predictions anticipate modest returns over the next 1-12 months.
Why Traders Think Infinaeon Could 100X Post Presale
As the crypto market hits new highs, Infinaeon price predictions from traders and whales are getting bolder, with some anticipating that the token could rally by 100X once it is listed on major exchanges.
The project's tokenomics are also designed to create scarcity and reward long-term holders, with a portion of network fees used to buy back and burn tokens. This deflationary mechanism, coupled with the attractive staking rewards offered during the presale, has sparked considerable interest among investors seeking high-growth potential.
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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