Kategorie: Crypto Analysis

Key takeaways

• BTC dipped to the $86k level for the first time since November 2024.
• The Bitcoin Pepe presale has surpassed $3.5m as investors eye stage six.

Bitcoin falls to a three-month low as total crypto market cap dips below $3T

The cryptocurrency market has been bearish since the start of the week. Bitcoin is down by nearly 4% in the last 24 hours and briefly touched the $86k level on Tuesday. The dip was BTC’s lowest level in three months as the broader crypto market experienced a massive sell-off.

At press time, the price of Bitcoin stands at $88,752 and could continue with its recovery if the bulls regain control. The total cryptocurrency market cap also dropped below $3 trillion as Ether and other altcoins underperformed. 

What is Bitcoin Pepe?

Bitcoin and other major cryptocurrencies have been underperforming over the last few days. However, investors could consider the dip as an opportunity to purchase more tokens before a possible market recovery. 

Investors also continue to push funds into new and exciting projects. Bitcoin Pepe is one of the projects gaining ground in its presale thanks to its unique value proposition to investors. 

Bitcoin Pepe is a project seeking to leverage the liquidity and security of the Bitcoin blockchain. The project will use Bitcoin’s position in the market to introduce memecoins to its ecosystem. 

According to the official website, Bitcoin Pepe is a layer-2 network building on the Bitcoin blockchain. This project is a meme-specialized layer-2 solution built on top of Bitcoin, bringing Solana-style scalability to the Bitcoin network.

The layer-2 network will enable Bitcoin Pepe to become home to all memecoin trading and move all this economic activity to the BTC ecosystem. It will unlock decentralized finance (DeFi) and meme trading on top of BTC.

Bitcoin Pepe is also the first-ever meme initial coin offering (ICO) on the Bitcoin blockchain, making it the perfect fusion between BTC’s security and the unstoppable force of memecoins. 

The project will make it easy for BTC Maxis to trade memes. Combining high levels of trust (BTC) with high levels of performance (SOL) will lead to high levels of retail mass adoption.

Bitcoin Pepe presale to enter stage six, raises over $3.5m

The Bitcoin Pepe presale is two weeks old and has raised over $3.5 million so far. The presale will enter the sixth stage in the coming hours or days, with the $BPEP price set to slightly increase. 

$BPEP, Bitcoin Pepe’s native token, can be purchased using various cryptocurrencies, including ETH, USDT, USDC, BNB, and SOL. In this fifth presale stage, $BPEP is going for $0.0255 and is set to increase to $0.0268 in the next stage. The Bitcoin Pepe presale could be an opportunity to purchase $BPEP at a discount. 

Will Bitcoin Pepe improve the Bitcoin ecosystem?

Bitcoin Pepe will unveil products and services that would make memecoins available on the Bitcoin blockchain. While Bitcoin is the leading cryptocurrency in the world, its blockchain isn’t as versatile as Ethereum or Solana.

This project wants to change this narrative by introducing new utilities to the Bitcoin blockchain. With Bitcoin Pepe, memecoins can launch on the Bitcoin blockchain with ease. Introducing memecoins on the Bitcoin blockchain will enable it to become home to a crazy high-octane meme experience. 

Bitcoin Pepe is set to unlock $2 trillion in dormant BTC capital and make it available for memecoin trading. This layer-2 network will provide the necessary infrastructure for all memes to migrate to BTC, ensuring security and liquidity for investors and users. Its native $BPEP token will power several activities within the Bitcoin Pepe L2 network. 

Should you buy the $BPEP token ahead of the sixth presale stage?

The Bitcoin Pepe presale is heading into its sixth stage in the coming hours or days, with the token price set to increase slightly. This could be an excellent opportunity to get in on the project as presales allow investors to gain early exposure to projects. 

Bitcoin Pepe is working hard to become the leading L2 network on the Bitcoin blockchain, offering users security and liquidity. By ushering in the era of memecoins, Bitcoin Pepe could become one of the most important projects within the Bitcoin ecosystem. The presale allows investors to purchase its native token at a discount before it goes live on trading platforms.

The post BTC dips to $86k for the first since November amid market sell-off appeared first on CoinJournal.

Key takeaways

• A soft U.S. inflation report later today could see Bitcoin rally above the $97k level.
• iDEGEN’s presale surpasses $21m ahead of the Feb. 27 listing. 

Bitcoin trades above $96k ahead of CPI

The cryptocurrency market has been bearish this week, with BTC dipping below $94k on Tuesday. However, it is trading above $96k per coin and could rally higher on CPI news later today.

Analysts expect the January U.S. CPI report to show limited progress on inflation. It’s expected to show that the cost of living increased by 0.3% month-on-month in January, slowing down from December’s 0.4% rise.

This will be positive news for risk-based assets like Bitcoin, and BTC’s price could surge past the $97k mark in the coming hours. 

What is iDEGEN?

The cryptocurrency market is bearish this week, but investors continue to push more funds into new and promising projects. iDEGEN is a promising project that has attracted millions of dollars from investors. 

It is a meme project that leverages the benefits of AI to create the next billion-dollar memecoin. The project has raised over $20 million in its presale and allocated the money to launch several products and services. 

According to the whitepaper, iDEGEN is an AI tool that primarily functions as such. It continuously evolves and adapts by leveraging community feeds on X. While iDEGEN is powered by AI, degens ultimately raise the tool. 

Its native token, $IDGN, will power various activities within the ecosystem. Although it will launch as a memecoin, iDEGEN will offer various utilities to its community and the broader crypto space.

Its launch as a memecoin stems from the recent growth of the meme narrative in the crypto space. Last year, the memecoin ecosystem grew from a $20 billion market cap to $120 billion, representing a 500% growth within 12 months. 

The $IDGN launch on exchanges will occur in roughly two weeks. Once it goes live, it could become one of the best-performing coins in the broader crypto market. 

iDEGEN users feed the tool their data through tweets, tags, and comments. The iDEGEN tool absorbs the post and adds it to its knowledge base; that’s how it learns. Furthermore, iDEGEN posts on X every 60 minutes and can generate and post memes. 

iDEGEN’s presale hits $21m

Despite the current market conditions, the iDEGEN project continues to achieve new milestones. The presale has now officially surpassed $21 million from early investors. 

In the current stage, the $IDGN token is worth $0.0236, and its price will increase to $0.0259 in the next stage. In the final presale stage, it will be worth $0.038, giving early investors a massive ROI before the token launches on exchanges. 

Once the presale ends, iDEGEN’s native token will list on centralised and decentralised trading platforms. 

Is it ideal to invest in iDEGEN before its exchange listing?

The iDEGEN presale is still ongoing but will end in 14 days. It could become one of the biggest performers in the market once the $IDGN token is listed on cryptocurrency exchanges. 

Its unique value proposition makes it an interesting memecoin. iDEGEN could gain massive adoption within the crypto ecosystem as its tool offers an excellent use case. Early investors stand a chance to earn excellent ROI once $IDGN goes live.

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The cryptocurrency market has continued to show resilience in the wake of trade tensions. Most majors have recorded some gains as investors beyond the current instabilities and onto the expected surge in cryptocurrency adoption rates. 

Notably, more market participants are broadening their horizon to include fresh projects with great potential. iDEGEN, a revolutionary force within the AI crypto space is one such entity. 

With about two weeks left for its presale, savvy investors are steadily amassing $IDGN tokens. Based on its potential, its current token price of $0.0236 is likely the lowest it will ever get to moving forward.

Bitcoin’s steady appeal to sustain it above months-long support zone

Even with the recent risk-off mood, bitcoin price has held steady above $90,000, a support zone that has been steady since mid-November 2024. As a cryptocurrency, it is categorized as a risky asset. 

Nonetheless, it continues to attract more individual and institutional investors as its global adoption increases. Indeed, countries like the US and Czech Republic may soon join the growing number of nations and sovereign wealth funds that have included Bitcoin in their strategic reserves. It is this optimism, coupled with eased cryptocurrency regulations, that will support bitcoin in the short and medium-term. 

A look at its daily chart shows Bitcoin price hovering around the 50-day EMA while still trading below the short-term 20-day EMA. At the same time, its RSI is at 47, slightly below the neutral level of 50. Notably, the RSI is facing upwards, indicating that the current rebounding may continue in the ensuing sessions.

At its current level, the range between the psychologically crucial zone of $100,000 and the support level of $96,005 remains worth watching. Further rebounding will have the bull eye the next target at $102,595. However, this bullish thesis will be invalid if the cryptocurrency pulls back below the lower support zone of $94,444.87.

iDEGEN’s positioning turns early adopters to rich crypto investors ahead of its listing

iDEGEN, an AI crypto project that has been making waves in the market since late November 2024, is set to hit the public shelves in about two weeks. Notably, the powerful trifactor that has captured the attention of investors is expected to catapult it to great heights upon listing.

To begin with, the AI crypto space has grown to a market cap of $29.2 billion as seen on CoinGecko. AI16z, one of iDEGEN’s rivals which was launched in October 2024, is valued at over $618 million. As a revolutionary force that has succeeded at curving its niche in the sector, iDEGEN also has the potential to have its value surge by 20x post-listing.

Besides, its positioning as a community-driven project with no guard rails has given it a competitive edge in the market. For instance, its previous ban on X on grounds of “violent content” attracted more investors; enabling it to raise an additional $1 million within 24 hours. 

It has gone on to expand its reach with it the latest V3 upgrade allowing for video content. These upgrades, coupled with its integration of the viral DeepSeek, have yielded fresh waves of buying pressure. 

So far, it has raised over $21 million with more than 1.7 million $IDGN tokens already sold. As it stands, investors only have a few more weeks left to get onto this highly profitable bandwagon. With returns of over 21,000%, the early adopters are already earning big even before the project’s listing. You can buy the iDegen token here.

Cardano price to rebound within a range amid competition from smart contract projects 

Cardano price appears set for a week of gains after being in the red over the past three weeks. On the one hand, new projects in the smart contract space have exerted pressure on Cardano. However, its healthy adoption rate and blockchain infrastructure continues to support the altcoin.

On its daily chart, cardano price remains below the 25 and 50-day EMAs. At an RSI of 39, it has some room for a rebound. However, while the rebounding will likely continue in the ensuing sessions, it may be range-bound in the short term.

 At its current level, the range between the support zone of $0.7005 and the 20-day EMA at $0.8185 is worth watching. With additional bullish momentum, the bulls will be eyeing the next resistance level at $0.8875. 

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