$AIN Parabolic surge—how long can the underlying logic support it?
On September 7, Infinity Ground announced that it was entering a new phase of brand development and planned to change its token ticker (no longer using AIN), while the contract, tokenomics, and token balances would remain unchanged. In other words, it is just a name change with everything else staying the same—that is the entire news catalyst.
There was little reaction when it was first announced, but with the broader market unstable recently, funds have been seeking safe havens and clustering together. AIN happened to announce its name change, and since AI narratives are currently the only hot theme in crypto, its small market cap made it a target for a buying frenzy that pushed the price up hard.
The capital inflows over the past two days have been larger than those of the past month. The trend is still upward, and following the sentiment into this wave has paid off—another month’s spending money is in hand. I won’t take too large a position in altcoins; making some profit is enough.
Don’t be too greedy. Once the market recovers, the capital will flee, making it difficult to break through the previous high. #美联储即将公布利率决定