This week has been interesting for crypto enthusiasts with Trump’s presidency being at the center of the developments. The hype surrounding the US first family’s PolitiFi tokens and the subsequent surge in the bullish market sentiment bolstered Bitcoin price to a fresh all-time high on Monday. 

However, BTC/USD and other cryptos have since pulled back as interest in the PolitiFi tokens fades and market volatility eases. Even so, iDEGEN remains steady. Notably, the project’s resilience is founded on its appeal beyond its virality. It bears immense potential to revolutionize the AI meme coin space and broader crypto market.

Bitcoin price pulls back as interest in PolitiFi tokens fades

On Friday last week, the US president launched his meme coin, $Trump. In less than 24 hours, feverish buying among meme coin enthusiasts had the crypto’s market cap surpass $5 billion. 

Two days later, the US first lady, Melania Trump launched $Melania. As the hype surrounding this meme coin eases, its value has dropped from $2.21 billion on Monday to a market cap of $756.59 million. Besides, over the past 24 hours, its price has dropped by 8.84% with its trading volume falling by 72.71% during this timeframe.

Similarly, as at the time of writing, $Trump was at a market cap of $8.32 billion with its trading volume down by 40% over the past 24 hours. Indeed, this is a significant drop from the $14.30 billion market cap recorded at the start of the week. 

Evidently, the Trump wind that propelled Bitcoin to a fresh all-time high of $109,026.02 isn’t strong enough to sustain it there. At the time of this publication, the crypto major was at $104,969.82 as the bulls strive to break the resistance at around $106,500. 

In the short term, BTC/USD will likely continue to find support at $102,090 as a crypto-friendly US administration strengthens the bullish sentiment. With more buyers riding the wave, the bulls may gather enough momentum to break the resistance at $106,500 to the next target at $108,080. On the flip side, a corrective pullback past the current trading range may have it finding support at $99,700.

Storm sweeping across new meme coins leaves iDEGEN untouched

The highly volatile $Trump and $Melania coins remain subject to the all-so-common pump and dump wave in the absence of a fresh catalyst. Indeed, the tokens are in consolidation as meme coin enthusiasts look past the recent swearing in ceremony.

As the dust settles, crypto majors and meme coins alike are recording corrective pullbacks. For instance, Solana, which largely benefitted from the launch of $Trump, is down from the new all-time high it hit on Sunday at $295.83 to $262.53 at the time of this press release. Similarly, DOGE/USD was down from the 6-week high it reached on Saturday at $0.4350 to $0.3627.

Amid this storm, iDEGEN has continued to thrive. With slightly over a month left before its listing, the project has raised over $17.65 million in its unique presale auction. Besides, about two months since its launch, its toke price has increased from $0.0001 to $0.0133. 

Notably, its pricing model is one of the aspects that continue to fuel its appeal among everyday investors and monied individuals alike. In most cases, the creators come up with random figures that do not necessarily match the project’s value or demand 

In comparison, $IDGN’s token price moves on the principle of transparency. In the initial phase of its auction, the dynamic pricing model ensured that the token’s price moved in tandem with its demand. 

The project has since shifted to a stage-based model ahead of its listing on 27th February. The team justified this move on X stating, 

“While the dynamic auction has been well received, we’ve heard your feedback, and know some of you are concerned about price manipulation and bad actors pushing prices up with small SOL buys. It’s believed that the price manipulation was aimed at driving the listing price as high as possible. To fix this, we’re making things simpler so its easier for everyone to track the presale and make better decisions”. 

The shift further proves that iDEGEN is keen on transforming the AI meme coin space without dismissing its community in the process. It is this reliability that has attracted the over 20,000 holders to the project. With close to 12,000% in returns, these early adopters are already sitting on hefty profits. 

Read more on how to buy iDEGEN token.

Ripple price holds steady above $3 on investor confidence

Ripple price chart by TradingView

Ripple price has been trading above the crucial level fo $3 since the beginning of the week. The rallying has been fueled by the swearing in of a pro-crypto US president and the subsequent surge in investor confidence.

President Trump, who has evolved into a supporter and investor of crypto is expected to create and sustain an environment upon which the digital assets will thrive. Indeed, two days after returning to the Oval Office, he is already lowering the regulatory barriers.

Acting SEC Cair, Mark Uyeda has launched a crypto task force meant to develop a clear and detailed regulatory framework for cryptocurrencies. This approach is different from Biden’s administration which included an “anti-crypto” SEC Chair, Gary Gensler. 

Seeing that Ripple price was largely burdened by regulatory struggles during the past government, it is set to continue on its uptrend on the back of heightened investor confidence. In the short term, the range between $2.82 and $3.40 will be worth watching. 

 

 

Bulls remain in control of the broader cryptocurrency market as investors’ optimism remains pegged on crypto-friendly policy measures, heightened adoption of these digital assets, and central banks’ strategic reserves. Even so, crypto majors have largely stalled in the absence of an immediate catalyst. 

Amid the pullback, meme coins and particularly AI projects have shown immense growth and indismissible opportunities. iDEGEN, a unique social experiment is one such project. Even before hitting the public shelves, it has the potential to give the likes of Fartcoin and AI16z a run for their money. 

Bitcoin’s under pressure from bets on fewer rate cuts

Bitcoin price rebounded on Tuesday after testing the crucial support zone of $90,000 in the previous session. As at the time of writing, the top crypto was at $96,485 as it finds support along the 50-day EMA while hovering around the short-term 20-day EMA. 

While the bulls are still in control, higher Treasury yields have prompted a sell-off of riskier assets like cryptocurrencies. On Monday, the benchmark 10-year Treasury yields rose to 4.80%, a level last recorded in October 2023.

The stronger-than-expected US jobs data released late last week further pointed to the Fed easing on its rate cuts in 2025. Notably, riskier assets like cryptos thrive in an environment of lower interest rates.

In the near term, the range between $93,010 and $97,500 will be worth watching. Beyond that level, the bulls will likely face resistance at $98,500. On the flip side, a pullback past the range’s support zone may see BTC/USD drop to $92,225. 

Bitcoin price chart | Source: TradingView

iDEGEN marks a new phase for AI meme coins

As artificial intelligence revolutionizes the crypto market, iDEGEN is marking a new era for AI meme coins. In fact, based on its virality and potential, some analysts view it as a “Bitcoin equivalent”. 

Unlike other projects, it started on a blank slate with no restrictions or guardrails. By relying on degens to learn, adopt, and formulate tweets, iDEGEN has evolved into a viral sensation whose growth surpasses its creators’ wildest imaginations. 

So aggressive is the movement that not even a ban on X could curtail it. Based on its virality and active community, the project has the markings of a crypto that will evolve from being a mere joke to a billion-dollar asset. 

With this immense potential, a rising number of savvy investors are amassing $IDGN tokens with just a few weeks left before its listing on 27th February. Since its launch on 26th November 2024, the project has already raised over $16 million. 

Early adopters are already sitting on hefty returns at its current price of $0.01. Compared to its initial price of $0.00011, $IDGN holders have raked in 8,991% in returns. At this pace, there are no signs of iDEGEN slowing down. Learn more about iDEGEN here

Ethereum records surge in outflows amid a shift in investor sentiment 

ETH price chart | Source: TradingView

After the Bitcoin-led selloff that saw Ethereum price momentarily drop below the crucial zone of $3,000 on Monday, the altcoin rebounded to trade at $3,191 as at the time of writing.  A look at its daily chart highlights the formation of the bearish death cross with the short-term 20-day EMA crossing below the medium-term 50-day EMA to the downside. 

Besides, ethereum price remains under pressure from the recent surge in outflows. According to SoSoValue, ETH spot ETF recorded daily net outflows of $39.43 million on 13th January. Topping the list was Grayscale Ethereum Trust EFT (ETHE) with a daily net outflow of $14.49 million and cumulative net outflows of $3.70 billion. At the same time, its Mini Trust (ETH) had daily net outflows of $37.84 million.

In the near term, ethereum price will likely hover around $3,150 as bulls strive to defend the support level of $3,000. Even with furthe rebounding, it will likely face significant resistance at $3,320.  

 

 

Artificial intelligence (AI) is reshaping the crypto space and savvy investors are keen on grabbing the integrated opportunities. Investor interest in AI-themed meme coins has soared in recent months, pushing the market’s market cap to $6.74 billion as highlighted on CoinGecko.

Among the AI meme coins on investors’ radar is iDEGEN; the one-of-a-kind social experiment with wild results. With less than two weeks before it hits the public shelves, an overwhelming number of early adopters are amassing $IDGN tokens. The craze is beyond a Bitcoin-led rally, it’s an evolution founded on community and FOMO. 

BTC records steady inflows despite crashed reserve dreams

Bitcoin price was subject to profit-taking for the second consecutive session on Thursday after hitting a fresh record high of $108,577.25 earlier in the week. The sell-off saw the top crypto drop below the psychological zone of $100,000 to trade at $99,266.51 as at the time of writing. 

On Wednesday, the Fed Chair stated that the US central bank has no interest in building a Bitcoin reserve. Speaking on the matter, Jerome Powell indicated, “we are not allowed to own bitcoin”. His remarks were in response to a query by a reporter on whether he sees value in the US government owning a BTC reserve similar to the US oil reserve. 

Even so, Bitcoin’s fundamentals are still strong. Notably, Bitcoin spot ETFs have recorded steady inflows over the past 15 sessions with the cumulative net inflows exceeding $37 billion. The consistent inflows reflect heightened investor interest and a long-term bullish sentiment.  

iDEGEN’s craze intensifies ahead of its listing 

The crypto space is ever evolving and iDEGEN is here to push the limits. As a groundbreaking project, its appeal lies in its absence of rules, fair pricing model, and the unlimited power accorded to its community. 

Similar to other meme coins, the success of this experiment largely lies on its virality. Aware of this principle, its creators has left its development to Crypto Twitter. 

Every 60 minutes, the AI agent posts on X, assimilating all the chaos thrown its way by the degens in the form of tweets, tags, and comments. This approach has generated immense curiosity and engagement; prompting sales of over 1 billion $IDGN tokens in less than a month. Subsequently, the project has raised over $7 million since its launch on 26th November.

iDEGEN’s concept of ‘by the community, for the community’ has also been bolstered by its fair pricing model. Potential investors not only want to be part of the project, but they can afford to own a piece of it. 

As opposed to the random figures offered by the creators of most meme coins, iDEGEN has ensured its holders get the price they asked for. To do so, $IDGN’s token price drops by 5% if no purchase is made within 5 minutes and rises by 5% if buys are made in two successive intervals of 5 minutes. 

Upon its listing on 1st January 2025, the unsold tokens will be destroyed with a 10% premium added to $IDGN’s final presale price. At the time of this publication, the token was up by 921% at $0.201. Learn more about iDEGEN here.

Dogecoin price: Elon Musk is at it again with a $1 prediction  

Dogecoin price has dropped by about 35% since 8th December when it rallied to a three-year high. The pullback corresponds with BTC’s profit-taking and easing of the crypto fear & greed index. While the index remains at the greed end of the spectrum, it was at 75 on Thursday compared to the prior session’s 81 and last month’s 90. 

In addition to persistent bullish sentiment, Dogecoin price is finding support in Elon Musk’s appointment in the newly formed Department of Government Efficiency. What’s more, the billionaire AI bot, Grok AI, has predicted that the meme coin may hit $1 in early 2025. In the past, remarks by Musk have heightened investor interest and bolstered Dogecoin price.