Schlagwort: crypto business

Key takeaways

• Ether has increased more than 3% in value in the last 24 hours, approaching the $3,500 mark.
• The iDEGEN pre-market auction has officially surpassed $8 million after selling nearly 1.1 billion tokens. 

Ether eyes $3,500 as altcoins show signs of recovery

Ether, the second-largest cryptocurrency by market cap, is up 3% in the last 24 hours. The positive performance allowed it to hit the $3,400 mark after underperforming over the weekend. At press time, the price of Ether stands at $3,407 per coin. 

The rally comes as Bitcoin continues to underperform. BTC is down 1% and is still trading below $95k per coin. Other major altcoins, including BNB, XRP, Chainlink, Hedera (HBAR), and SUI, show strong signs of recovery following the market’s recent slump. 

What is iDEGEN?

Bitcoin is currently in a lull, with altcoins showing signs of strong recovery. This could see more investors shift their attention to altcoins as many predict the start of the altcoin season. 

iDEGEN could become one of the best-performing altcoins thanks to its merger of the AI and memecoin ecosystems. iDEGEN is a meme project that leverages the benefits of AI in a bid to create the next billion-dollar memecoin. 

It is a tool designed to learn, evolve, and adapt by leveraging community feeds on X. While iDEGEN is powered by AI, degens ultimately raise the tool. 

Memecoins have gained massive adoption in recent years and have become a $45 billion ecosystem. With its growing importance in the crypto space, meme coins could rally higher in the coming altcoin season.

iDEGEN is launching as a memecoin to leverage the growth of this ecosystem. The iDEGEN tool has a simple working mechanism. Users feed the tool their data through tweets, tags, and comments. It 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. 

Read more about the project here.

iDEGEN’s presale surpasses $8.5 million

The iDEGEN pre-market auction continues to attract more funding as more investors open their wallets. Over the last few weeks, the project has raised $8.59 million, selling nearly 1.1 billion $IDGN tokens. 

The team adopted a pre-market auction method to enable early investors to record excellent gains. Using this method, the price adjusts every five minutes based on market activity. 

They explained that 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 pre-market auction will end on January 1, 2025. The token will then be listed on crypto exchanges. 

Is it too late to invest in the iDEGEN project?

The iDEGEN pre-market auction will end in a few days. Over $8.5 million has been raised so far. Furthermore, the $IDGN token has increased in value by over 500% in recent weeks and could surge even higher once it launches on exchanges. 

iDEGEN will launch on the first day of 2025 and could be one of the best-performing projects of the year. The project could deliver excellent gains to early investors thanks to its AI and memecoin combination. 

As a blockchain project, iDEGEN prioritises transparency. For this reason, the iDEGEN website has a live pre-market listing price, enabling investors to track the token’s progress accurately before its launch on trading platforms.

The post Ether approaches $3,500 as major altcoins outperform Bitcoin appeared first on CoinJournal.

The world of cryptocurrency is creating many investment success stories where quick and small investments have been transformed into huge amounts. However, as the market matures, finding tokens with a chance at such a high ROI is becoming increasingly difficult. 

From the many available options, crypto analysts have identified three tokens worth buying and holding in the long term: Rexas Finance (RXS), Pepe (PEPE), and Uniswap (UNI). They have quality features, utility, innovation, and strong positions in the market, which are aspects that investors looking for long-term sustainable growth believe are good to have in rapidly changing cryptocurrencies. Among these three, though, RXS is the one that could offer the highest upside, while the other two also have clear advantages over other tokens.

Rexas Finance (RXS): Bridging the Gap Between Blockchain and Real World Asset Tokenization

Rexas Finance is all set to bridge the gap between real-world assets, excluding real estate and commodities, and the world of blockchain. With the help of RWS tokenization, RXS lets its users tokenize assets that were previously out of reach for the average investor. This ground-breaking technology addresses major obstacles such as high transaction fee requirements, a lack of liquidity, and some industries needing to be more open.  

Market Gaps	Rexas Finance Solutions
Lack of Liquidity	Enhanced Liquidity with Tokenization
High Entry Barriers	Democratizing Access to Investments
Costly Transactions	Reducing Costs with Blockchain
Transparency and Fraud Risks	Secure and Transparent Transactions
Regulatory Compliance	Facilitating Regulatory Compliance
Technological Disparity	Innovation Through Emerging Technologies

Moreso, the RXS ecosystem provides numerous groundbreaking advances, such as GenAI, an AI-based NFT creator that streamlines the process of tokenizing any asset, and QuickMint Bot, which enables users to generate tokens. RXS has always gained the right amount of attention, raising over $29 million while it is still at its tenth presale stage, priced at $0.15. Analysts up to this point predict that it will rise in value to $10 to $15 by the year 2025, to be perceived by the whopping needs across the markets. 

Pepe (PEPE): Beyond the Meme Hype  

Pepe (PEPE), which started as a meme coin, has surprisingly stood the test of time and seems to be proving people wrong with a lot of growth potential. Once the community hype died down, PEPE was able to stand on its own and is now deepening its portfolio with potential use cases in DeFi and NFTs. This progression has helped it stay relevant and gather speculative investors on the way.  For those who believe in its potential growth, PEPE is currently priced at mere cents and makes for a good gamble. If the marketing efforts succeed, the applications could be valued at $0.0015 by January 2025. 

Uniswap (UNI): The DeFi Giant With A Rise in Value Over Time 

Experts in the industry understand the role of Uniswap in the DeFi space, with a DEX built on Ethereum that is the largest of its kind. The protocol has an economic ecosystem in which the governance of the protocol’s token, the UNI, and rewards associated with using the token are built. With a current price around the $16.84 mark, predictions suggest that by January 2025, the token could be valued at $250. This makes it a relatively safer investment than newer hype tokens, such as PEPE. If you are an investor who wants to earn rather constant revenue but at a lower risk, Uni is a perfect option for you. 

Why RXS Stands Above the Rest

The world is never black and white. Lucrative tokens such as the PEPE and SUI coins, which are born out of social media hype, offer speculation, but RXS is a token with a real-world application with immense upside. Unlike many other speculative tokens, RXS’s use cases are wide for everyone, as they are centered around the asset management space and the democratization of asset management. Its enterprising ecosystem and increasing acceptance in markets make it an interesting project that will remain relevant for a while as more people out the RXS token. It doesn’t matter how experienced or new you are in the crypto market; one indispensable investment among the best cryptos today is Rexas Finance. 

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

The post Top 3 cryptos to buy right now for a potential 15x ROI in January 2025 appeared first on CoinJournal.

• The crypto market spent the greater part of last week trading consistently lower.
• Yearly profit-taking is a major reason for price declines as institutions close positions for the year, although the Fed’s hawkish stance at the Dec. 18 policy meeting also played a role.
• Open Interest in major cryptos showed weekly declines.

Bitcoin

Bitcoin’s price fell from the weekly high of $108,372 on Dec. 17 to a low of $92,555 before closing the week around $97,700. However, despite the 9.7% drop, Bitcoin’s price has not changed character to the downside.

Open Interest data shows a reduction in open contracts at the CME which correlates with price declines.

The Fed’s policy decision on Dec. 18 favoured a 25bps slash. However, Fed Chair Jerome Powell expressed hawkish sentiments concerning slashing plans next year, exacerbating selloffs.

Meanwhile, Bitcoin spot ETF inflows data shows outflows on Dec. 19 and 20 totalling $948.90Mn. Net inflows from Dec. 16 to Dec. 20 were $447.00Mn.

Bitcoin trades at $95,700 as of publishing.

Ethereum

Unlike Bitcoin which maintained its bullish structure, Ethereum’s price changed character on the H4 time frame to trend lower after testing (but failing to break) the local high at $4,096.50.

Ethereum fell from a weekly high of $4,108.82 to a weekly low of $3,098.40 before eventually closing the week at $3,470.44 (a 15.51% drop).

Ethereum spot ETF inflows show a similar pattern with Bitcoin’s with outflows on the last two days of the week.

Meanwhile, Ethereum’s open interest shows a steep decline correlated with price.

Ethereum trades at $3,330.78 as of publishing.

Solana

Solana’s price action continued a decline that began two weeks ago after it failed to break above the all-time high of $260.02.

Last week, price action traded into an internal supply zone around $227.71, continued selling to a weekly low of $175.12 and eventually closed at $194.44 (a 15.07% drop).

The demand zone around $160 (mentioned last week) remains the first logical support zone as open interest continues to fall.

Solana trades at $184.82 as of publishing.

Ripple

Since breaking previous all-time highs two weeks ago, Ripple’s price action has largely ranged between $1.89 and $2.90. However, within this range, the price has logged lower lows.

Ripple’s price traded into an internal supply zone and broke above it on Dec. 17 but melted to a weekly low of $1.95 before eventually closing at $2.27 (a 16.42% drop).

Ripple’s open interest data shows a decline in open contracts since Dec. 3.

Ripple trades at $2.21 as of publishing.

The post Weekly Price Analysis: Yearly Selloffs Push Prices Lower appeared first on CoinJournal.