Infinaeon Presale Hype Surges as Tron Price Rally Hits Resistance
The post Infinaeon Presale Hype Surges as Tron Price Rally Hits Resistance appeared on BitcoinEthereumNews.com.
The recent Tron price rally has pushed the project into the top ten cryptocurrencies by market capitalization. This massive surge has come following the success of Tron’s leading memecoin, Sundog (SUNDOG). However, the rally has hit some resistance, and it appears that TRX traders are taking profits. While the market was caught up in the Tron hype, Infinaeon’s presale continued to progress thanks to increasing interest in the layer-2 solution’s technology and revenue-sharing model. The team has successfully made its claim as the most exciting layer-2 solution currently undergoing a presale. This article will delve into the factors driving Tron’s recent price action and examine the potential roadblocks ahead. It will also explore the growing excitement surrounding the Infinaeon presale and analyze the key features that are attracting investors’ attention. Tron Price Rally Driven by Memecoin Madness The Tron price has rallied from $0.07 to $0.16 in the past year. This pushed the project’s market capitalization above $14 billion, while the total value locked on the network hit $8 billion. This makes Tron one of the most successful large-cap projects of 2024. Anyone who has held the crypto in their portfolio for longer than 12 months is now likely sitting on some very healthy returns. However, much of this recent success is due to the explosive growth of the memecoin sector on Tron. Justin Sun, the founder of Tron, recently launched a new decentralized launchpad on the Tron network called SunPump. The launchpad was accompanied by the release of the memecoin SunDog (SUNDOG). SunDog quickly captured the attention of the market and experienced a rapid rise, surging from $0.002 to over $0.20 in just a few days. This 100x increase in value temporarily propelled SunDog’s market capitalization to over $200 million, making it one of the most successful memecoins in…
Filed under: News - @ September 2, 2024 4:27 pm