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Raydium Price Crashes, SOL Surges as Infinaeon’s Burn Mechanism Leads to 100X Predictions

November 6, 2024 By Crypto Reporter

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.

Solana (SOL), one of the most popular layer-1 networks, has surged following an 8% crash. SOL has found support above $170, and the bulls are hoping that there’s still a possibility of it hitting a new all-time high before the end of the year.

Amidst the market volatility, the Infinaeon presale has continued to hit new highs, and price predictions from traders and the community for the deflationary token are increasingly bullish.

This article will delve into the recent Raydium price crash and explore the factors contributing to its decline. It will also examine the Infinaeon presale and discuss why it is attracting so much attention from traders and investors. Finally, it will cover SOL price predictions and analyze the potential for Solana to reach a new all-time high.

Even as the Raydium price tumbles, the Infinaeon community’s diamond hands have kept price predictions on the bullish side.

Raydium Price Crash Leads To 6% Drop

The Raydium price crash has pushed the token below $3.4, breaking several levels of support in the process. The RAY price crash has given the bears a glimmer of hope following a year of bullish sentiment that pushed its price up by 1000%. Despite this massive rally, the token continues to trade at an 80% discount on its all-time high. In addition, most Raydium price predictions don’t expect the token to move above $5 in the near future.

Raydium is an automated market maker (AMM) and liquidity provider built on the Solana blockchain. It is closely integrated with the Serum decentralized exchange (DEX), allowing users to access deep liquidity and trade a wide variety of cryptocurrencies.

Raydium has gained popularity due to its fast transaction speeds, low fees, and user-friendly interface. However, the recent price crash has raised concerns about the project’s future prospects and its ability to compete with other AMMs and DEXs.

Infinaeon Presale Surges Thanks To Bonus and Bullish Tokenomics

The Infinaeon presale has resisted the volatility that hit Raydium and SOL. This resilience can be attributed, in part, to the project’s tokenomics, which have captured the attention of investors seeking long-term growth.

Infinaeon’s deflationary token model is a key driver of this interest. By utilizing a portion of gas fees to buy back and burn tokens, the project creates scarcity and supports the token’s value proposition. This mechanism ensures that as the network grows and activity increases, the value of existing tokens also rises, offering a potential hedge against inflation.

Furthermore, Infinaeon’s auto-compounding staking rewards provide an additional incentive for long-term holding. By staking their tokens, users can earn passive income that is automatically reinvested, leading to exponential growth over time. This benefits token holders and contributes to the network’s security and stability.

The project’s focus on onboarding DeFi protocols is another factor contributing to its appeal. Infinaeon’s Layer-2 solution offers a more efficient and cost-effective platform for DeFi applications, potentially attracting developers and users who are seeking to avoid the high fees and congestion associated with the Ethereum mainnet.

The combination of these features creates a compelling investment narrative for Infinaeon. In a market where many projects are struggling to maintain their value, Infinaeon’s deflationary tokenomics and focus on DeFi utility offer a refreshing alternative. As the presale progresses and the project gains further traction, the potential for significant returns is becoming increasingly apparent.

SOL Price Rallies Following Short-Term Crash

As Bitcoin surged from to $69,000 a new all-time high of $75,000, SOL has hit a multi-month high. SOL surged 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 seen as a competitor to Ethereum, offering a more scalable and efficient alternative for decentralized applications (dApps). Most Solan price predictions expect it to produce modest returns in the next 1-12 months.

Infinaeon’s deflationary tokenomics is one of the reasons some expect it to 100X once it hits major exchanges.

Why Traders Think Infinaeon Could 100X Post Presale?

The Infinaeon price predictions from traders and whales are increasing as the crypto market hits new highs. Some traders expect the token to 100X once Infinaeon is listed on major exchanges. In addition, the tokenomics are 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

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Filed Under: General News, News

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