Infinex Reduces INX Token FDV to $99.99 Million Amid Market Feedback
- Token Sale Adjustment: Infinex founder Kain Warwick announced a reduction in the fully diluted valuation (FDV) of the INX token from $300 million to $99.99 million based on community feedback, aiming to enhance investor confidence and attract more participants in the current market environment.
- Fundraising Target Reduction: The target fundraising amount for the token sale has been decreased from $15 million to $5 million, reflecting negative perceptions of high valuations in the market while demonstrating the company's sensitivity and adaptability to market dynamics.
- Lock-Up Period Implementation: To deter short-term speculative behavior, Infinex has established a one-year lock-up period, which aims to ensure long-term investment intentions among participants, thereby enhancing the project's stability and sustainability.
- Sales Timeline: User registration is set to open on December 27, with the token sale scheduled to commence on January 3, marking Infinex's proactive approach to launching the INX token in the market after strategic adjustments, hoping to attract more investors as the new year approaches.
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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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