Tezos Price Hits Multi-Month Low as Infinaeon Token Launch Nears

The Tezos price action has been deeply troubling for the bulls. It has consistently underperformed the market for the past 12 months and recently hit a multi-month low that saw its market capitalization slip under $800 million.

If this trend continues, then Tezos (XTZ) will drop out of the top 100 cryptos by market capitalization. This would be a depressing blow to the Tezos community, which was at one point among the leading Layer-1 alternatives to Ethereum.

XTZ hasn't been the only crypto struggling in the past month, as the market has suffered a flash crash, pushing Bitcoin below $85,000. This downturn has impacted many projects, highlighting the volatility and uncertainty that still characterize the crypto space.

However, the Infinaeon presale has shown considerable resistance to negative selling pressure, partly due to the upcoming placeholder token drop. The placeholder token launch will confirm the number of tokens a trader holds and allow them to access early staking opportunities. With nearly $1 million worth of tokens already sold during the presale, the upcoming placeholder token drop is a significant milestone for the project.

This article will delve into the recent Tezos price decline and explore the factors contributing to its struggles. It will also examine the Infinaeon presale and discuss the project's latest developments.

Tezos Price Hits New Lows: Can it Recover?

Can the Tezos price recover? The technical analysis suggests that this could be a very tall order, especially in the short to medium term. XTZ is currently trading at a 90% discount on its all-time high of $9. The majority of technical indicators, including moving averages and the RSI, are in the sell zone.

Adding to the negative outlook is the general consensus among traders and expert analysts that XTZ is very unlikely to hit a new all-time high anywhere in the near future. One look at the graph shows that even when other comparable Layer-1 tokens were rallying, XTZ continued to add to its losses.

The majority of XTZ price predictions also support the idea that the crypto is unlikely to generate considerable gains in the coming year and will probably not hit a new all-time high in the foreseeable future. 

Infinaeon Placeholder Tokens Drop

Even as the majority of the market has struggled due to extreme volatility, and some have even suffered comparable crashes to the Tezos price, the Infinaeon project has continued to push on with its roadmap.

The Infinaeon presale has raised nearly $1 million, and the community has grown to well over 10,000 users on Telegram. Many of these users have received their placeholder tokens, with over 120 million airdropped already.

These placeholder tokens serve as a representation of the INF tokens purchased during the presale. They do not have any monetary value but will be exchanged for the actual INF tokens upon the completion of the presale and the Token Generation Event (TGE).

The placeholder tokens are a crucial step leading up to the airdrop of the actual INF tokens following the end of the presale. They allow the Infinaeon team to confirm the number of tokens each participant is entitled to and ensure a smooth and efficient distribution process when the INF token goes live.

Placeholder tokens have already been airdropped to some presale wallets.

The Future of The Layer-2 Scaling Market

The Infinaeon project has tasked itself with becoming a leader in the Ethereum scaling market. The multi-billion dollar market is currently dominated by the likes of Arbitrum and Optimism, but both have shown considerable shortfalls. One of their major shortcomings has been inflationary tokenomics, resulting in massive supply unlocks that often result in negative price action.

This is why the INF token has a built-in burn mechanism. A portion of the gas fees collected on the Infinaeon network is used to buy back and burn INF tokens, effectively reducing the circulating supply over time. This deflationary approach aims to create scarcity and support the token's value proposition, especially as the network grows and activity increases.

Established Layer-2s have billion-dollar market caps, whereas INF will launch at just $10.25 million. This low initial market cap suggests significant potential for price appreciation, further attracting investors seeking higher returns.

The INF token will have its Token Generation Event (TGE) once the presale hits $2 million or at the end of Q1 2025, whichever comes first.

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