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MOO DENG Crypto Price Surges as Infinaeon Gets Boost from Compound Staking Feature
The MOO DENG crypto price has soared, pushing the meme coin’s market capitalization to over $60 million. The MOO DENG price rally occurred as the altcoin market moved into an extremely bullish position, with the likes of SOL, ADA, and SUI all posting returns in excess of 30%.
The MOO DENG community has naturally been very pleased with the rally, which comes following a sudden crash from an all-time high a few weeks prior. The meme coin has no real utility, but its connection to a famous pygmy hippopotamus housed in a Thai zoo has helped it capture the crypto community’s imagination.
Although some of the best-performing tokens have been meme coins, such as MOO DENG, some whales see the biggest bull market profits in presales. Infinaeon has become a stand-out presale thanks to its layer-2 solutions, deflationary tokenomics, and staking solutions.
As a result, whales have been dropping major BNB and ETH purchases into the presale, hoping to snap up a slice of the token’s supply before the mainnet launch early next year.
This article will delve into the recent MOO DENG price rally and explore the factors contributing to its success. It will also examine the Infinaeon presale and discuss why it is attracting so much attention from whales and crypto traders.
MOO DENG Crypto Price Nears All-Time HighMOO DENG has experienced a massive rally of over 80% in the past few days, pushing its market capitalization above $60 million. This puts the Ethereum-based meme coin around 30% below its all-time high price of $0.0002465.
MOO DENG is a community-driven meme coin inspired by a pygmy hippopotamus named Moo Deng, residing in a Thai zoo. The project has gained a loyal following due to its lighthearted nature and association with the adorable animal.
With a maximum supply of 420,690,000,000 tokens, all of which are currently in circulation, MOO DENG has captured the attention of meme coin enthusiasts. Its recent price surge reflects the growing interest in this niche sector of the crypto market, where tokens often experience significant volatility and rapid price movements.
Infinaeon Auto-Compound Staking Offers Holders Passive Crypto RewardsThe Infinaeon project offers several features, ranging from a layer-2 solution to a native DEX. However, it is the auto-compound staking feature that has really captured the market’s attention. This on-chain tool will theoretically allow token holders to build a stable crypto rewards strategy that operates passively.
Auto-compound staking allows users to earn rewards on their staked tokens, which are then automatically reinvested to generate even greater returns over time. This eliminates the need for users to manually claim and reinvest their rewards, making the process hassle-free and efficient.
Infinaeon offers different staking periods with varying reward rates. For example, staking tokens for one month yields a 5% annual percentage yield (APY), while a three-month stake earns 10% APY. The rewards are compounded, meaning that the earned interest is added to the principal, and subsequent rewards are calculated on the new, larger principal amount.
To illustrate, let’s say someone stakes 10,000 Infinaeon tokens for three months at a 10% APY. After the first month, they would earn approximately 83 tokens in rewards (10,000 * 10% / 12). These 83 tokens are then added to their staked amount, bringing the total to 10,083 tokens.
In the second month, the rewards are calculated on this new amount, resulting in slightly higher rewards. This compounding effect continues throughout the staking period, leading to a significantly larger return than simple interest.
Compound staking is a core feature of the Infinaeon project.
Infinaeon Presale Hits New Highs As Deflationary Ecosystem Drives FOMO
While the staking mechanism is driving interest from long-term holders looking to build passive returns strategies, the Infinaeon burn mechanism is creating FOMO due to its deflationary impact on supply. This burn mechanism utilizes a portion of the gas fees collected on the network to buy back and burn Infinaeon tokens, effectively reducing the total supply over time.
This deflationary pressure creates scarcity and supports the token’s value proposition, especially as the network grows and activity increases. As more tokens are burned, the remaining tokens become more valuable, potentially leading to significant price appreciation.
This, combined with the project’s other features such as the upcoming DEX and bridge, has fueled excitement around the Infinaeon presale. Investors are eager to acquire tokens at the current presale price before the deflationary pressure kicks in and potentially drives the price up significantly once the token is listed on major exchanges.
Join The Infinaeon Presale NowPresale: https://presale.infinaeon.com/
Telegram: https://t.me/Infinaeon/
Discord: https://discord.com/invite/WSy65uAYfd
X: https://x.com/Infinaeon