Kategorie: Crypto Analysis

• Despite a market-wide price decline at the start of last week, the crypto market recovered as Bitcoin closed the week at $102,800.
• Bitcoin has now reached a new all-time high of $106,000.
• Meanwhile, US spot crypto ETFs continue to log consecutive positive days of inflows.

Bitcoin

Bitcoin has logged new highs of $106,400 since its dip last week to $94,000, driven largely by positive ETF inflows as US spot Bitcoin ETFs record another week of consecutively positive daily inflows.

From Dec. 9 to Dec. 13, $2.17 billion flowed into the top 10 US spot BTC ETFs.

Current price action shows Bitcoin has broken its previous high of $104,000 and trades at $104,500 after reaching a new high of $106,600.

The Fed rate policy decision coming up on Dec. 18 could significantly impact price action. Expectations are hawkish with more controlled slashes moving into next year, which could negatively impact risky assets like Bitcoin.

Price technicals support a hawkish stance as Bitcoin’s price could push downward to grab liquidity at lower levels around $100,000.

Ethereum

The second-largest crypto rebounded from a weekly low of $3,500 to a local high of $4,000. Unlike Bitcoin, it has not broken the previous high formed at the $4,100 level.

Meanwhile, Ethereum spot ETF inflows remained positive throughout last week, totalling $854.8 million.

Ethereum trades at $3,950 at the time of publishing.

Solana

Unlike Bitcoin and Ethereum which have rebounded since last week, Solana’s price has declined since failing to close above its all-time high of $260 on the daily time frame.

Price action on intermediate time frames (H4/H1) shows rejection and sells from local supply zones which may continue until a logical demand zone at $160. Solana’s price will need to break above $247 on the H4 and eventually close above the all-time high on the daily time frame to resume its bullish motion.

Solana trades at $214 at the time of publishing.

Ripple

Ripple’s price action has been incredibly bullish following its legal wins and expected changes to the US regulatory landscape. The crypto surpassed its former all-time high of $1.99 and formed a new ATH of $2.90 on Dec. 3.

More recent price action shows a pullback from highs as the price formed a new local supply zone, rejected, and sold from it. A continuation of the current trend would see price take liquidity at the $1.90 level while a reversal would see price break above $2.65.

Ripple trades at $2.36 at the time of publishing.

The post Weekly Price Analysis: The Market Recovers from Technical Selloff appeared first on CoinJournal.

Key takeaways

• Bitcoin has reached a new all-time high price of $106,488 after adding 3% to its value on Sunday.
• iDEGEN’s pre-market auction has officially surpassed the $5 million mark.

BTC hits $106k

Bitcoin, the leading cryptocurrency by market cap, set a new all-time high price of $106,488 a few hours ago. This latest development comes after Bitcoin added more than 3% to its value on Sunday.

At press time, the price of Bitcoin stands at $105,166, retracing slightly from its all-time high. The rally comes as analysts expect the U.S. Federal Reserve to cut interest rates later this week. 

What is iDEGEN?

Bitcoin has achieved a new all-time high while altcoins continue to rally higher. Furthermore, new projects in the ecosystem continue to attract funding from investors. iDEGEN is one of the projects in its presale stage that is attracting interest from investors 

iDEGEN combines the features of AI and memecoins to present a strong project with an equally active community. In their whitepaper, the team explained that the iDEGEN tool learns, evolves, and adapts based on what the community feeds it on X. This means that iDEGEN is powered by AI but ultimately raised by degens. 

It will launch as a memecoin, leveraging the growth of the meme coin ecosystem in recent years. The memecoin market is worth over $45 billion and is expected to grow larger in the coming months and years. 

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

Click here to read more about the iDEGEN project.

iDEGEN’s pre-auction market crosses the $5 million milestone

The iDEGEN pre-market auction is attracting more investors, raising millions of dollars in the process. The team has sold nearly 1 billion $IDGN tokens, raising $5 million in the last few weeks. 

iDEGEN uses the pre-market auction method to help attract more investors. Using the pre-market auction method, the price adjusts every five minutes based on market activity. 

According to the team, the price will remain steady for the next period if an investor purchases $IDGN tokens within five minutes. However, if purchases occur consecutively, the price will rise by 5%. Finally, if no one buys the tokens within five minutes, the price will drop by 5%.

The iDEGEN pre-market auction will end on January 1, 2025, and the $IDGN token will then be listed on crypto exchanges. 

Should you buy the $IDGN tokens now?

Bitcoin has just hit a new all-time high, and interest in cryptocurrencies is currently growing. iDEGEN will launch on the first day of 2025 and could be one of the best-performing projects of the year. 

The project’s huge potential means it could be a smart decision to invest in iDEGEN during its presale. iDEGEN is an interesting project that combines AI and meme coins. It could become one of the leading meme coin projects on the Solana blockchain. 

For transparency, the iDEGEN website has a live pre-market listing price, allowing investors to track the token’s progress accurately before its launch on trading platforms.

The post BTC sets a new all-time high of $106k, iDEGEN’s presale hits $5m appeared first on CoinJournal.

As AI takes over the crypto space, one project stands out; iDEGEN. Just three weeks into its presale, it’s price has rallied by close to 90,000%. Besides, the crypto-friendly environment that President Trump is cultivating is set to bolster the new entrant as well as other established cryptos. In fact, it is one of the aspects that has boosted XRP and Dogecoin’s price in recent weeks. 

Ripple’s bull run has just begun

Ripple price traded in the red in the just concluded week after five consecutive weekly gains. Even with the pullback, its gains year to date are at around 380%, having rallied to a 7-year high earlier in December. 

In addition to the bullish sentiment that has bolstered the broader crypto market post Trump’s win, the altcoin has become more attractive to investors as its final settlement with SEC looms. Besides, the incumbent US president, Donald Trump, has promised to ease crypto regulations. 

The actualization of these assertions will be beneficial to XRP, which has suffered longstanding legal struggles from regulatory authorities. In fact, as part of his support for the sector, Trump recently appointed Paul Atkins, a supporter of cryptocurrencies, to head SEC. With this favorable environment, bulls are eyeing $3 in the near term.

iDEGEN: The Experiment Competing with Major Cryptos

The cryptocurrency era started with Bitcoin leading the pack and investors seeking opportunities in major altcoins. Over the years, the crypto market has evolved; incorporating many projects and allowing investors with limited means to get a piece of the proverbial pie. 

This evolution has birthed AI meme coins. Like other meme coins, AI meme coins thrive in the power of social media and its ability to make a project go viral. Additionally, they leverage artificial intelligence and the concept of it being the future. As a result, AI meme coins’ market cap has soared in recent months to $6.95 billion, as indicated on CoinGecko. 

Among the AI meme coins taking over the cryptocurrency space is iDEGEN. In less than a month since its launch, the project has already raised over $5 million with over 1 billion $IDGN tokens sold. 

Its success lies in its unique approach to building a community and yielding FOMO among potential investors. To begin with, iDEGEN is raised by crypto degens, learning and absorbing every piece of data fed to it on Crypto Twitter (CT) in the form of a tweet, comment, or tag. This approach has birthed massive engagement on X that savvy investors know better than to ignore. 

Additionally, iDEGEN’s pricing model points to lesser dumps once the token hits public shelves on 1st January 2025. Ordinarily, meme coins start off with low prices that raise as they gain popularity during the presale period. Once they are listed on crypto exchanges, a significant number of investors liquidate their token holdings to make easy profits.

With iDEGEN, the price depends on its demand, which promotes fair pricing before its ICO less than a month from now. If a purchase is made within a span of 5 minutes, $IDGN’s price remains unchanged. However, a buy during the next window period of 5 minutes yields a price increase of 5%. On the other hand, absence of a purchase within the subsequent 5 minutes causes the price to drop by 10%. 

Notably, this fair pricing model has further contributed to the AI meme coin’s popularity. It is especially attractive to crypto investors looking for profitable opportunities that won’t cost them an arm and a leg. As at the time of writing, $IDGN was at $0.0990; up by 89,878%.  You can buy the iDEGEN token here.

Dogecoin’s stellar year set to continue in 2025 

Dogecoin recorded its first weekly loss in the just concluded week after trading in the green for eight consecutive weeks. On a broader scale, the top meme coin has had a stellar year with its price surging by over 350% year to date.

The project that started as a joke is now valued at close to $60 billion. Notably, the main principle that shaped its birth in 2013 – aggressive community support- is set to bolster its growth into 2025 and beyond. 

More specifically, Dogecoin has become synonymous with top billionaire Elon Musk. Indeed, Musk tweets on the crypto have led to its price skyrocketing on multiple occasions. 

Interestingly, the tech entrepreneur is now set to co-chair the Department of Government Efficiency (DOGE), an advisory team recently created by President Trump. While there is no direct correlation between the two entities, the interesting similarity in names and indirect link in the form of Musk is set to boost Dogecoin price. 

Besides, increased adoption of Dogecoin for payments is expected to sustain the meme coin’s aggressive growth in 2025. Among other merchants, investors will be keen to see if Xintegrates the crypto as a mode of payment. 

 

The post Dogecoin and Ripple investors turn to iDEGEN a momentum grows appeared first on CoinJournal.

Key takeaways

• Bitcoin is trading above $100k and could rally higher in the coming days.
• iDEGEN’s pre-market auction officially hits $4 million as more investors troop in.

Bitcoin reclaims the $100k spot

The cryptocurrency market began the week poorly, with Bitcoin dropping to the $93k region on Monday. However, Bitcoin rallied by over 3% on Wednesday to reclaim the $100k level.

At press time, the Bitcoin price stands at $100,877 and could rally higher in the coming days. Market analysts expect a Fed rate cut next week, which could spark a further upward move for Bitcoin. 

What is iDEGEN?

The crypto market underwent a correction earlier this week, and the funding rate has now returned to neutral. This implies that investors are pushing more funds into the crypto market again.

Investors are also looking at new projects, and one that is grabbing headlines is iDEGEN. It is a project that seeks to merge the memecoin and the AI ecosystems. It is a sentient degenerate AI memelord.

According to the team, the iDEGEN tool learns, evolves, and adapts based on what the community feeds it on X. This primarily implies that iDEGEN is powered by AI but ultimately raised by degens. 

Its launch as a memecoin is understandable, considering the massive growth recorded by memecoins in recent years. The memecoin market is worth over $45 billion and is expected to grow larger in the coming months and years. 

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

Read more about the iDEGEN project here. 

iDEGEN’s pre-auction market raises over $4 million

The iDEGEN pre-market auction is selling out fast. The team has sold nearly 1 billion $IDGN tokens, raising $4.2 million in the process. 

The pre-market auction leverages an unconventional method to attract more investors. iDEGEN’s presale price adjusts every five minutes based on market activity. iDEGEN explained that the price remains steady for the next period if an investor purchases $IDGN tokens within five minutes. However, if purchases occur consecutively, $IDGN’s price rises by 5%. Finally, if no one buys the tokens within five minutes, the price drops by 5%.

Per the team’s whitepaper, the pre-market auction will continue until January 1, 2025. Once the pre-market auction ends, the $IDGN token will list on cryptocurrency exchanges. 

Should you buy the $IDGN tokens now?

The crypto market is in a Bull Run, and market experts expect further growth in 2025. With iDEGEN launching on the first day of 2025, investing in the project during its presale could be a smart decision. 

iDEGEN is an interesting project that combines AI and meme coins. It could become one of the leading meme coin projects on the Solana blockchain. Its adoption of a pre-market auction model also ensures transparency and fairness during the token sale process. Finally, the iDEGEN team’s website has a live pre-market listing price, allowing investors to track the token’s progress accurately before its launch on trading platforms.

The post Bitcoin reclaims $100k, could rally higher on possible Fed rate cut appeared first on CoinJournal.

The overall market sentiment among crypto investors remains positive even as some assets report losses and fluctuations. While the bulls remain in control, Shiba Inu may enter a period of range-bound trading even though brief. On the other hand, Ripple price is set to retest 2018’s high as news over the approval of $RLUSD brings $3 into clear focus. 

At the same time, iDEGEN remains on savvy investors’ radar as its unique approach to social engagement and pricing rakes in over $4 million less than a month since its launch. The power of AI, social media, and craze over meme coins has the project ranked as one of the top crypto investments of 2024 even before its launch.

Ripple price bolstered by news on stablecoin’s approval

XRP hit a multi-year high of $2.90 on 3rd December as the bulls sort to gather enough momentum to hit the $3 mark for the first time since 2018. While the profit-taking mood yielded a pull back to $1.91 on Tuesday, it has since parred some of those losses to trade at $2.42 as at the time of writing.

Even with the latest decline, investors remain bullish with prospects of a surge to $3 and beyond being heightened by the recent news on $RLUSD. On 10th Deceber, Ripple’s CEO Brad Garlinghouse announced the approval of Ripple’s US dollar-backed stablecoin from NYDFS. The stablecoin is expected to soon hit exchanges with its adoption set to significantly bolster the demand for XRP.

This just in…we have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first.

— Brad Garlinghouse (@bgarlinghouse) December 10, 2024

iDEGEN’s on the list of best meme coins to invest in 2024

iDEGEN; an experiement that is still in its presale phase, has raked in millions in just a few weeks. The project, which was launched on 26th November 2024 has already raised over $4.19 million with over 938 million tokens sold as at the time of writing. 

Notably, iDEGEN has adopted an interesting approach that might just place it in the list of the best cryptos of 2024. This potential lies in the unique trifactor of social media, artificial intelligence, and the ongoing wave of meme coins.

As stated on its platform, iDEGEN is “AI Born. Degen Raised”. This concept works by having its AI agent posting on X every hour. Subsequently, it absorbs, learns, and responds to all the info fed to it by the crypto degens. 

This AI-powered tactic has yielded the kind of social engagement that gets meme coins skyrocketing. Unlike other meme coins, an AI meme coin like iDEGEN is more responsive to its digital community thus boosting its virality chances. It is no wonder the $IDGN token has had its price rise by over 2500% since its launch less than a month ago. 

Besides, iDEGEN operates on a fair pricing model; a tactic that has further attracted investors to the platform. In a typical presale, the coin’s price surges as more investors purchase tokens. At the time of an ICO, a significant number liquidates their holdings to earn easy profits.

In the case of iDEGEN, the token price shifts with demand. If an investor purchases some $IDGN tokens within a period of 5 minutes, its price remains unchanged during the next span of 5 minutes. However, the price surges by 5% if purchases are made during two consecutive 5-minutes intervals. On the other hand, it will drop by 5% if 5 minutes lapse without a single purchase.

On 1st January 2025 when the auction ends, the listing price will be 10% higher than the final price. This means that it will begin trading on crypto exchanges at a price closer to the one anticipated by the current token holders thus lowering the probable decline in value post-ICO. You can buy the iDEGEN token here.

Shiba Inu might just be entering a period of range-bound trading 

Shiba Inu, the top cat-themed coin by means of market cap, has seen its price fluctuate in recent sessions even as the overall market sentiment remains positive. According to CoinMarketCap, its price has been down by 2.56% over the past week while rising by 14.13% over the last 24 hours. 

Ranked the 12th most valued crypto, it dropped below $0.00002500 on Monday after trading above that support zone for close to two weeks. It has since erased some of its recent losses to trade at $0.00002921 as at the time of writing. 

With an RSI of 55 and trading above the 50 and 20-day EMAs, SHIB/USD bears the potential to break the resistance at $0.00003000 and retest last week’s high at $0.00003350. However, lack of enough bullish momentum may yield range-bound trading with $0.00002823 being a support zone worth watching.

 

 

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