Even though the Fear and Greed Index has dropped to a neutral level of 59 at the time of writing, bulls remain in control of the cryptocurrency sector. Analysts predict an unprecedented uptick in 2025; An aspect that has led investors to look for profitable investment opportunities beyond Bitcoin.
This explains the craze for altcoins and memecoins. One of the new entrants that has caught investors’ attention is iDEGENThe social experiment, which is about to be listed on exchanges, leverages the power of AI, social media and meme coins.
Bitcoin’s profiteering may deepen further
The bullish sentiment that has defined the cryptocurrency sector in recent months has seen Bitcoin, the leading crypto in terms of market cap, surpass the psychological level of $100,000 for the first time. In the recently concluded week, BTC/USD extended its gains to a new all-time high of $108,577.25.
In addition to the crypto’s fourth halving event that occurred at the beginning of the year, the Fed’s rate cut cycle and Trump’s victory have pushed the price of Bitcoin higher in 2024. With the expected 2025 bull run, some analysts expect BTC to reach $200,000.
However, the current profit-taking mood may deepen in the near term. A look at its daily chart shows that the crypto is trading below the 20-day EMA while holding steady above the medium-term 50-day EMA. Thus, it may face a period of consolidation between $99,943.44 and $91,818.69 as it happened in late November.
During this period, bulls will be eager to defend the crucial support zone at $90,000. Below that level, Bitcoin price could fall to $80,000 before gaining enough momentum to reverse losses.
iDEGEN: Beyond FOMO is the real deal
On November 26, a revolutionary AI agent was introduced on Crypto Twitter. Less than a month later, nearly $8 million has been raised from the auction as of this publication. Additionally, over $1 billion of tokens have been sold as savvy investors attempt to own some $IDGN tokens ahead of the highly anticipated listing on January 1, 2025.
So what is driving the iDEGEN craze? Well, the success of this social experiment lies in its uniqueness. To begin with, this project embodies the true spirit of “by the community, for the community”.
As seen on its website, iDEGEN’s slogan is “AI Born.” Dezeen picked up”. It operates without any guard rail except for posting an X after every 60 minutes. By doing this, its AI agent adapts and learns from any tweet, tag or comment sent to it.
The result is a very active online community that has accepted its power and role in directing the project as it wishes. It is this engagement that has created an intense FOMO that is leading to a huge wave of investors joining in.
Notably, it’s not just about curiosity; iDEGEN is founded on the principle of “What you order is what you get”. Unlike some presales, where creators enforce random token prices, the price of $IDGN changes every 5 minutes based on demand for it.
At the time of writing, the token was priced at $0.0346; There has been a decline of 80% in the last 7 days. Nevertheless, its returns are unmatched at 18,626%.
If at least one purchase is made within a 5-minute period, the price of the token remains the same during the next 5-minute interval. However, buying in two consecutive intervals increases the price by 5% in the next interval. On the other hand, if there is not a single purchase within 5 minutes the price falls by 5% in the next minute.
Upon listing on January 1, the price of $IDGN will be 10% higher than at the close of its auction. This dynamic pricing model minimizes the chances of a huge wave of dumps when it hits the public shelves in addition to giving its holders the price they demand. Learn more about iDEGEN token here,
Pepe’s technical indicators point to a possible rally
The popularity of Pepe has led it to become the 24th top cryptocurrency with a market cap of over $7 billion. It has become just a trendy coin, whose value is based solely on the consolidation of ordinary investors rather than big investors.
A look at its daily chart shows that the altcoin has fallen by nearly 40% since reaching its all-time high of $0.0000283 on December 9, 2024. Moreover, it is trading below the 20 and 50-day EMAs as the Fed is bullish. Broad crypto market volatility.
However, with an RSI of 39, Pepe is likely to rally in the near term. Moreover, it has increased by more than 1200% since the beginning of the year.
At its current price of $0.00001742, it continues to trade above the important resistance-turning-support zone of $0.00001656. In the upcoming sessions, investors will keep an eye on technical indicators for further guidance.
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