Monat: Dezember 2024

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Can Curve DAO (CRV) hit $1.5 before this token after the 286% surge?

  • Curve DAO (CRV) hit a 22-month high at $1.33 after a 286% surge, driven by the launch of the Savings crvUSD stablecoin.
  • Currently in the overbought region, CRV may face short-term consolidation before aiming for $1.5.
  • iDEGEN combines meme culture and AI technology with a dynamic pricing model, creating volatility and potential for capital gains.

As December unfolds, the cryptocurrency market is witnessing a remarkable surge in prices, with Curve DAO (CRV) leading the charge. The token has started December with a 52% weekly surge, catching the attention of both seasoned investors and newcomers alike.

Following the strong CRV performance, many are now questioning whether it can continue its upward trajectory and whether it can reach $1.5 as another token, iDEGEN, emerges with a unique approach to community engagement and dynamic pricing.

Curve DAO (CRV) hit a 22-month high

The Curve DAO (CRV) token hit a 22-month high of $1.33 on December 7, driven largely by the launch of the Savings crvUSD stablecoin.

The Savings crvUSD stablecoin not only allows users to earn rewards but also positions CRV as a potential competitor to other stablecoin platforms. The decision to introduce scrvUSD — a yield-bearing stablecoin — has increased investor interest, pushing CRV’s open interest to an all-time high of $262 million according to CEX.IO analysts.

Despite a recent 7% correction, CRV’s market cap remains robust at $1.6 billion, signalling strong underlying support.

With the daily trading volume rising to $635 million, CRV appears poised for further gains. However, the asset’s Relative Strength Index (RSI) indicates that it is currently overbought, suggesting a potential short-term price pullback before it can continue its upward momentum.

The next significant resistance for CRV lies at $1.08, with support at $0.8672. If it can maintain a closing price above $1.08, it could aim for the next resistance at $1.22, putting $1.5 in sight if momentum sustains.

iDEGEN emerges as a promising alternative

While Curve DAO (CRV) continues to capture attention with its established DeFi protocols, a new player, iDEGEN, is quietly making waves in its presale.

Launched in November 2024, iDEGEN combines meme culture with cutting-edge AI technology to create a unique digital asset that evolves based on community engagement on X. This dynamic approach allows the AI behind iDEGEN to learn and adapt from every interaction, creating a project that is continuously shaped by its users.

The ongoing iDEGEN presale has already raised over $3.4 million, with more than 655 million tokens sold. The presale features an innovative dynamic pricing model that adjusts the iDEGEN’s native token’s ($IDGN) price every five minutes based on purchase activity, creating a volatile yet exciting environment for early investors.

If a single purchase is made within five minutes, the price remains the same in the next five-minute session. However, if consecutive purchases are made the price increases by 5% while if no purchase is made the price decreases by 5%.

The iDEGEN presale will conclude on January 1, 2025, with a planned listing price 10% higher than the final presale price, presenting a unique opportunity for capital gains.

Notably, iDEGEN’s approach to tokenomics and the dynamic pricing model make it an interesting counterpart to CRV in the market.

Which token could hit $1.5 first?

While CRV benefits from an established user base, a robust market cap, and a strong DeFi ecosystem, it faces short-term resistance levels and an overbought RSI, which might require a brief consolidation before it can aim for $1.5.

On the other hand, iDEGEN’s dynamic nature and innovative community-driven model suggest it could potentially capitalize on its early momentum and community engagement more effectively. The unique pricing strategy and the upcoming token listing could act as a catalyst for price appreciation, allowing iDEGEN to potentially outperform CRV in the short term and hit $1.5 sooner.

However, the long-term viability of iDEGEN depends on maintaining user interest and the success of its innovative tokenomics.

The post Can Curve DAO (CRV) hit $1.5 before this token after the 286% surge? appeared first on CoinJournal.

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3 altcoins for potential 10x gains: iDEGEN, Dogecoin, XRP

Crypto’s total market cap is at $3.67 trillion as extreme greed defines the sentiment in the market. Even with the current profit-taking mood, BTC’s rally past the psychologically crucial zone of $100,000 has sustained the bullish trend across the major coins and meme coins. 

Beyond the Bitcoin-led rallying, XRP’s increased use in cross-border transactions and Dogecoin’s online community have them set to reach the $3 and $5 mark respectively. Besides, there is a new entrant taking over the crypto space by storm. iDEGEN, which is leveraging on the power of AI and social media, offers investors an opportunity to profit from its virality.

XRP charges towards the $3 mark

In the just concluded week, Ripple price edged closer to its multi-year high of $3 as it traded in the green for five consecutive weeks. It has overtaken Solana and Tether to become the third largest crypto by means of market cap as seen on CoinMarketCap. Over the past 7 days, its price has been up by 34.8%. 

Notably, reports that President Donald Trump plans to shift regulatory powers from SEC to CFTC has boosted the crypto. These reports, coupled with the fading impact of SEC’s lawsuit on XRP have benefited the cryptocurrency. 

Besides, Ripple’s demand has continued to rise as it partners with various financial institutions for use in cross-border transactions. While it has since pulled back from its 7-year high, the bulls remain in control and are set to ride on these catalysts to the $3 mark.

iDEGEN’s immense potential lies in its uniqueness 

As AI agents steadily and aggressively take over the cryptocurrency space, one of the projects on savvy investors’ radar is iDEGEN. Indeed, its uniqueness has earned it a top spot on the list of meme coins to consider when building a profitable crypto portfolio in 2026. 

One of iDEGEN’s features that have captured investors’ attention is its unique approach to community engagement. While it has no guard rails, the AI agent posts on Crypto Twitter every 60 minutes. 

Through the power of artificial intelligence, it learns from every comment, tweet, or interaction availed to it by crypto degens. This means that social media is at the core of its development. It is this community that has birthed a huge buzz around the crypto project and a growing number of investors are keen on accumulating some tokens before its value skyrockets. 

Additionally, its unique, high-successful presale model has highlighted the project’s huge potential. As opposed to the usual static presales adopted by mostar crypto projects, iDEGEN has used the route of a dynamic auction. 

To attract more investors, the price of $IDGN tokens changes every 5 minutes depending on the market activity. If an investor buys some tokens within this time frame, the price stays unchanged during the next 5-minutes period. However, purchases in two two consecutive intervals prompts the price to surge by 5%. On the other hand, absence of a purchase within five minutes leads to a price decline of 5%. 

This unconventional approach has been very successful; raising over $3.26 million with more than 617 million $IDGN tokens being sold. As at the time of writing, the price stood at $0.00399. 

The auction, which was launched on 26th November 2024 is set to end in January 2025 before being listed on major cryptocurrency exchanges. As such, investors looking to jump onto this unique opportunity still have time to purchase some $IDGN tokens before it hits the public shelves.   You can buy the iDEGEN token here.

Dogecoin’s 3-year high in focus 

What began as a joke in 2013 has grown into one of the top ten cryptocurrencies with a market cap of $68.34 billion. Notably, it uses a simplified algorithm as rides on its popularity on social networks rather than the concept of scarcity. 

In fact, it has no supply limit; with an additional 10,000 coins mined per minutes. Even so, its online community, led by Elon Musk, has pushed its value up by about 260% since 2021 when its popularity soared. 

Over a span of one month, its price has risen by close to 150% with its price soaring from $0.29 to $0.46 as at the time of writing. As the meme coin continues to trade above the 20 and 50-day EMAs, the current bullish trend is set to continue with its three-year high of $0.50 in focus. 

 

  

 

The post 3 altcoins for potential 10x gains: iDEGEN, Dogecoin, XRP appeared first on CoinJournal.