The world is filled with excitement over the new year and crypto investors have more than one reason to be thrilled. In addition to the highly anticipated Bitcoin-led bull run, meme coin enthusiasts are keen on iDEGEN’s listing slated for 1st January 2025.
The success of this one-of-a-kind social experiment is rooted on its ability to leverage the power of community and AI. As a result, there has been an overflow of investors seeking to be part of this project before it hits the public shelves. Indeed, the over $11 million raised in five weeks says it all.
Ripple price chart points to a sustained bullish trend
XRP/USD has had a spectacular year; rallying by close to 240% year to date. Among the contributing factors is the overall bullish sentiment that saw Bitcoin surge past $100,000 for the first time ever. Beyond that, easing pressure from the SEC case and the incoming pro-crypto US administration has also bolstered ripple price in recent months.
However, XRP price has lost its bullish momentum; trading in the red for four consecutive weeks. Since 17th December when it momentarily rebounded above $2.5000, it has dropped by about 23% to trade at $2.0912 as at the time of writing.
Even with the decline, the fundamentals remain steady. Investors are hopeful of a crypto-friendly environment under Donald Trump; an aspect that will further fuel the highly anticipated bull run of 2025. Besides, Ripple’s heightened adoption for cross border payments is set to boost its price in coming months.
A look at its daily chart shows it holding steady above the medium-term 50-day EMA although it has dropped below the short-term 20-day EMA. As such, it will likely be range-bound in the short term, holding steady above the crucial support zone of $2.0000.
Meme coin enthusiasts start count down to iDEGEN’s listing
It has been 5 weeks since the launch of iDEGEN; a unique social experiment that has highlighted the limitless potential of the union between artificial intelligence and social media. During this period, over 1 billion $IDGN tokens have been sold; raising more than $11 million. Ahead of the listing slated for 1st January 2025, investors have a
Unlike most meme coins whose presales are largely governed by their creators, iDEGEN has been operating on the principle of “for the community, by the community”. To start with, the project began on a blank slate, employing no censorship, restrictions, or initial knowledge. It is the crypto degens on X that have fed it with data in the form of tweets and hashtags. This knowledge is what the AI agent uses to generate a tweet after every 60 minutes.
The outcome of this model has been heightened online engagement with more investors coming on board for fear of missing out. As is part of the meme coin culture, the virality of a project is crucial for its success.
Besides, iDEGEN has been developed in such a way that its holders get the value they asked for as opposed to a random figure generated by its creators. In its dynamic pricing model, $IDGN token price changes every 5 minutes depending on its demand.
In the absence of a single purchase within a timeframe of 5 minutes, the price drops by 5%. Similarly, purchases in two consecutive intervals yields a price increase of 5%. After its listing, the price will be 10% higher than at the close of the auction.
Notably, this unique approach has attracted more savvy investors. iDEGEN is not just an AI meme coin that has gone viral, it is a viable investment opportunity for crypto whales and everyday investors alike. Besides, its pricing model lowers the likelihood of dumps as is often the case when a meme coin hits the public shelves. You can buy the IDEGEN token here.
Death cross pattern points to Solana’s range-bound trading
Solana, the 6th leading cryptocurrency by way of market capitalization has faced resistance at the previously steady support zone of $200 since dropping below this level two weeks ago. A look at its daily chart shows a bearish death cross pattern, with the short-term 20-day EMA crossing the medium-term 50-day EMA to the downside.
In the near term, SOL/USD will likely find resistance along the 50-day EMA at $204.90 while finding support at $185.12. Further rebounding may have it tested at $210.68, beyond which the bullish momentum will be back on track.
Credit: Source link
