Infinex Adjusts INX Token Sale FDV to $99.99 Million
- Token Sale Launch: Infinex has opened registration for its INX token sale on the Sonar platform, scheduled from January 3 to 6, offering 5% of the supply at a target FDV of $99.99 million, aimed at attracting new participants while reflecting market demand.
- Allocation Structure: The sale features minimum allocations of $200 and maximum of $2,500 with a lottery-style distribution, designed to enhance participation rates and adapt to current market conditions, although minimal immediate market reactions have been noted.
- FDV Adjustment Context: Infinex's reduction of the originally planned $300 million FDV to $99.99 million highlights a trend of shrinking valuations among DeFi projects in 2023, indicating a shift towards more conservative pricing strategies.
- Market Participation Strategy: Founder Kain Warwick stated that this adjustment aims to attract more new participants rather than just existing holders, thereby increasing market engagement and enhancing activity within the DeFi sector.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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