The WLD price action has been brutal for the bulls.
Worldcoin Price Crashes Below $1 as Infinaeon Token Launch Approaches
The Worldcoin price action has been one of the worst hit by the recent crypto crash. The token’s market capitalization crashed well below $1 billion, and its price is now at a multi-year low of just $0.8.
The Worldcoin price action has been further undermined by the solid performance of competitor Ethereum-based projects that are currently in presale stage. The most successful over the past week has arguably been Infinaeon. The Layer-2 scaling solution’s presale has been boosted by several milestones, including the airdrop of over 120 million placeholder tokens.
The placeholders tokens were dropped to presale wallets in order to allow users to confirm that they had received the correct amount of tokens based on their investment and their use of a series of bonus codes.
Following the airdrop, the team announced that the INF token would go live on April 22nd. Until then, they are running one final bonus code: the INF50 code, which gives users 50% extra INF tokens along with their original investment.
Worldcoin and INF are both leading conversations among community members, but for different reasons. The Worldcoin bulls are concerned that there could be more downside for a coin that has been embroiled in controversy since its launch, while the INF bulls are gearing up for a final push before the token goes live.
Worldcoin Price Drops Below $1 As Bears Take Control
Worldcoin has crashed by around 80% from its 2024 high that at one point exceeded $10 per token. Since then, a series of attacks, including speculation about the potential privacy dangers posed by Worldcoin, has damaged the token’s market capitalization, which has been struggling to find support above $2 billion.
The Worldcoin price action has been one of the worst hit by the recent crypto crash. The token’s market capitalization crashed well below $1 billion, and its price is now at a multi-year low at just $0.8.
It’s clear that the Worldcoin price has had a bad 12 months. In March 2024, it hit an all-time high of just over $11, as many users aped into the token based on its direct connection to Sam Altman and the team behind ChatGPT. However, the hype quickly died down as many governments criticized the project for potential privacy infringement issues.
The Worldcoin price action has further been undermined by the solid performance of competitor Ethereum-based projects that are currently in presale stage. The most successful over the past week has arguably been Infinaeon.
In the past month, Worldcoin has made new lows. It has dropped below critical support lines and dropped as low as $0.75, with its market capitalization only just holding above $800 million.
The Worldcoin price action has got many bulls questioning their long-term prospects. While some experts do think that the price could recover, there are very few analysts that expect a return to the $10 highs seen last year.
The Infinaeon Presale’s Final 50% INF50 Bonus Code Goes Live
Even as the broader market, especially Worldcoin, has struggled to find momentum, the Infinaeon project has continued to hit new milestones. Following a successful DEX and mainnet launch, the team has been pushing the presale, partly through a bonus scheme.
The latest and final promotional bonus is INF50, offering a 50% bonus on all presale purchases. This final push before the token launch allows investors to maximize their holdings and participate in the project at a discounted price.
The INF token launch date has been set for April 22nd, and it will go live on Uniswap.
The INF token launch is fast approaching.
The Future of Infinaeon: DEX, Staking, and Deflation
The INF token launch is without a doubt the biggest milestone in the Infinaeon project’s history. To date, the team has consistently hit its targets and kept the community updated about milestones.
Earlier in the year, the native DEX went live following the mainnet launch. These successes demonstrate Infinaeon’s commitment to building a comprehensive Layer-2 ecosystem.
Staking features are expected to go live prior to the TGE, allowing placeholder tokens to be used for staking. This will enable early investors to start earning rewards and participate in the network’s security.
The token launch is another major step towards making Infinaeon a leading Layer-2 network. The project’s innovative features and deflationary tokenomics position it well to capture a significant share of the market.
Post-launch, the burn mechanism will go into effect and start reducing the total supply from its peak of 420 million. This supply dynamic and the INF50 code are two of the main reasons for the recent wave of presale purchases from whales.
Join The Infinaeon Presale Now
Presale: https://presale.infinaeon.com/
Telegram: https://t.me/Infinaeon/
Discord: https://discord.com/invite/WSy65uAYfd
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