INFINIT (IN) has seen a mild pullback over the last 24 hours, dropping 3.61% to trade at $0.1313. Despite the decline, the token continues to show healthy market activity, recording $29.08 million in trading volume within the same period. With a market cap of $34.03 million and an unlocked market cap of $34.2 million, INFINIT remains one of the more active assets in its category.
Why Is IN’s Price Down Today?
The slight dip in INFINIT’s price appears to be a normal correction following recent gains. Market data shows that trading activity remains strong, as reflected in the 84.96% volume-to-market cap ratio. This indicates that the token is still heavily traded and that many investors are maintaining their positions rather than exiting completely.
The decline could also be linked to short-term profit-taking after INFINIT’s rally earlier this month. The token previously reached an all-time high of $0.3303 on October 10, marking a significant milestone in its growth trajectory. Since then, it has adjusted by about 60%, which is typical for assets that experience rapid appreciation within a short period.
Performance and Investor Interest
Over the past three months, INFINIT has grown considerably from its all-time low of $0.05353 recorded in August. The current price represents a 146% increase since that point, highlighting steady long-term performance despite short-term volatility. With over 18,900 holders, INFINIT maintains an engaged community that supports its vision and development roadmap.
The circulating supply currently sits at 259.06 million tokens out of a total supply of 1 billion. This balance between circulation and reserve supply suggests that the project still has enough flexibility for strategic growth without overwhelming the market with excess liquidity.
Investor Sentiment
While INFINIT’s recent price movement may appear bearish on the surface, underlying market activity tells a different story. High trading volume and consistent community participation show that investor confidence remains intact. The token’s ability to sustain such strong turnover even during price corrections points to a healthy and active market.
We're on Twitter, follow us to connect with us: @Cryptoboom
— Cryptoboom (@Cryptoboom29884) April 15, 2024
If INFINIT continues to attract steady liquidity and maintain community engagement, it could recover its recent losses and aim toward the $0.15 mark again soon. For now, INFINIT remains one of the more dynamic assets to watch as market participants reposition for the next bullish phase.
Lanre Durojaiye
Mr. Durojaiye Olusola is a finance graduate and cryptocurrency writer with over a year of experience providing market insights and clear, well-researched analysis. Dedicated to helping readers understand blockchain trends and digital asset developments.












