The Render price crash has been part of a wider AI-crypto downturn. Not only have AI-crypto tokens like Render suffered a brutal double-digit drop, but so have tech stocks heavily linked to AI, including NVIDIA and Google.
Even as AI plays have experienced painful pullbacks, the Infinaeon token presale has continued to make solid progress following the launch of the Infinaeon mainnet and DEX. It has now raised just under $1 million.
These two features of the Infinaeon project went live on time and without any major technical hitches. The outcome was a surge in INF presale purchases from whales, some of whom spent over $50,000.
This article will delve into the recent downturn in the AI-crypto market, focusing on the Render price crash. It will also examine the Infinaeon presale and discuss the factors contributing to its success, including the recent mainnet and DEX launch, as well as the attractive bonus offer currently available to investors.
Render Price Takes Hit Along With Broader AI-Crypto Market
The Render price has taken a serious hit, which saw it temporarily drop below $6 for the first time in several months. The chart suggests that several lines of support have been broken, and the bears are firmly in control as the short-term moving averages have shifted into sell territory.
Render (RNDR) is a decentralized GPU rendering network built on the Ethereum blockchain. It aims to provide a more accessible and cost-effective solution for 3D rendering, animation, and other computationally intensive tasks. By connecting users with idle GPU resources, Render enables faster and cheaper rendering processes compared to traditional cloud-based solutions.
The Render price crash was triggered by a broader crypto-AI sell-off. The DeepSeek chatbot launch sent shudders through the crypto and tech market due to the fact that it appears to show AI agents can be trained on a fraction of the GPUs previously believed to be necessary. This development has raised concerns about the future demand for GPUs and the potential impact on companies like NVIDIA, which are heavily reliant on the AI sector.
A Render price recovery could be on the cards if the general AI sentiment shifts as more information about DeepSeek is revealed. However, for now, the market remains cautious, and the Render price continues to face downward pressure.
The Render price took a massive hit. Source: CoinGecko
Infinaeon DEX and Mainnet Launch A Major Success for Project
The Infinaeon mainnet went live in early January. The network went live without a hitch and immediately began processing transactions and confirming new blocks. The launch was combined with the deployment of a block explorer that allows anyone to monitor network activity.
This mainnet launch is a crucial part of the layer-2 scaling plans for the project. By providing a faster and cheaper platform for transactions, Infinaeon aims to alleviate the congestion and high fees that have plagued the Ethereum network.
Following the mainnet launch, the DEX, Infinity Swap, went live. This decentralized exchange is designed to provide a seamless and efficient trading experience with low fees, fast transaction speeds, and an intuitive interface. It also features Infinaeon Plus as its primary wrapped ETH asset, allowing projects to benefit from its value appreciation mechanism.
Both of these features have added considerable hype to the presale, and many whale purchases followed the launches. This demonstrates the growing confidence in Infinaeon’s potential to become a leading Layer-2 solution and its ability to deliver on its promises.
INF 60% Presale Bonus Offer Live
The Infinaeon presale has nearly reached 50% of its target. Once it raises the $2 million, the token will go live with a market capitalization of just $10.25 million. This lower market cap is one of the bullish narratives around the token, as it is far lower than comparable projects such as ARB and OP, potentially giving it more room for growth.
Adding to the excitement surrounding the presale is the INF60 bonus code, which offers participants a 60% bonus on their token purchases. To take advantage of this offer, simply enter the code “INF60” before completing your purchase on the Infinaeon presale page.
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