Infinitar (IGT) Price Prediction

Deep Dive

1. Deflationary Mechanics vs. Unlocked Supply (Mixed Impact)

Overview:
Infinitar burned 1.03M IGT on August 16 alone (@Infinitar_MOBA), aiming to counter its 848M total supply. However, only 264M IGT (31% of total) currently circulate, leaving ~584M tokens vulnerable to future unlocks.

What this means:
While burns (7.2M+ IGT removed since August 1) could tighten supply, sudden vesting releases from team/VC allocations (125M+ tokens) might offset scarcity benefits. Price action shows limited response – IGT fell 18.4% last week despite burns (AMBCrypto).

2. MOBA Sector Saturation (Bearish Impact)

Overview:
Infinitar competes in the crowded GameFi/MOBA niche against giants like Axie Infinity and emerging chains like Saga. Its dual-token model (IGT + INF) and on-chain asset ownership differentiate it, but user growth metrics remain undisclosed.

What this means:
Without measurable player adoption or partnerships (beyond a July 8 collab with Bixos), IGT risks becoming a “speculative beta” to broader GameFi sentiment. The 72% annualized price drop suggests traders question its ability to capture market share.

3. Macro Altcoin Weakness (Bearish Impact)

Overview:
Bitcoin’s 57.6% dominance (up 4.1% monthly) and a neutral altcoin season index (46/100) signal capital rotation away from small caps. IGT’s 30-day correlation with ETH stands at 0.89, exposing it to Ethereum’s 14.5% market share struggles.

What this means:
IGT’s $14.9M market cap makes it vulnerable to liquidity crunches during risk-off periods. The 24h volume ($1.39M) and 0.0928 turnover ratio indicate shallow order books, amplifying volatility during market-wide selloffs.

Conclusion

IGT’s fate balances tokenomics innovation against macro headwinds and execution risks. While burns provide a deflationary floor, the project needs demonstrable gameplay traction to decouple from altcoin downtrends. Can Infinitar convert token scarcity into sustainable demand before unlocked supply hits markets? Monitor the circulating supply tracker and monthly active user disclosures.