Bulls remain in control of the cryptocurrency space even as the fear & greed index eases to a neutral level of 59 as at the time of writing. Analysts forecast an unparalleled bull run in 2025; an aspect that has pushed investors to look for profitable investment opportunities beyond Bitcoin. This explains the craze around altcoins and memecoins. Among the new entrants that have caught investors’ attention is iDEGEN . The social experiment, which is about to be listed on exchanges, leverages the power of AI, social media, and meme coins. Bitcoin’s profit-taking might get deeper The bullish sentiment that has defined the cryptocurrency space in recent months has seen Bitcoin, the leading crypto by means of market cap, rally past the psychological level of $100,000 for the first time ever. In the just-concluded week, BTC/USD extended its gains to a fresh all-time high of $108,577.25. In addition to the crypto’s fourth halving event that occurred earlier in the year, the Fed’s rate cutting cycle and Trump’s win have bolstered Bitcoin price in 2024. With the expected 2025 bull run, some analysts expect BTC to reach $200,000. However, the current profit-taking mood may move deeper in the near term. A look at its daily chart shows the crypto trading below the 20-day EMA while holding steady above the mid-term 50-day EMA. As such, it may face a period of consolidation between $99,943.44 and $91,818.69 as was the case in late November. During this period, the bulls will be keen on defending the crucial support zone at $90,000. Below that level, Bitcoin price may dip further to $80,000 before it gathers enough bullish momentum to reverse the losses. iDEGEN: Beyond the FOMO is the real deal On November 26th, a revolutionary AI agent was introduced on Crypto Twitter. Less than a month later, the auction has raised close to $8 million as at the time of this publication. Additionally, more than $1 billion tokens have been sold as savvy investors strive to own some $IDGN tokens before the highly anticipated listing on 1st January 2025. So what’s driving the iDEGEN craze? Well, the success of this social experiment lies in its uniqueness. To begin with, the project embodies the true spirit of “by the community, for the community”. As seen on its website, iDEGEN’s slogan is “AI Born. Degen Raised”. It operates without any guard rails other than it posts on X after every 60 minutes. By doing so, its AI agent adopts and learns from any tweet, tag, or comment sent its way. The result is an hyper active online community that has embraced its power and role in directing the project as it pleases. It is this engagement that has built an intense FOMO that has a huge wave of investors getting onboard. Notably, its not just about the curiosity; iDEGEN is founded on the principle of “what you order is what you get”. Unlike some presales where the creators enact random token prices, $IDGN’s price changes every 5 minutes depending on its demand. At at the time of writing, the token was priced at $0.0346; down by 80% over the past 7 days. Even so, its returns remain unmatched at 18,626%. If at least one purchase is made within a span of 5 minutes, the token’s price remains the same during the next 5-minute interval. However, purchases in two consecutive intervals yields a price increase of 5% in the next. On the other, the absence of a single buy within 5 minutes causes the price to drop by 5% in the next. Upon its listing on 1st January, $IDGN’s price will be 10% higher than at the close of its auction. This dynamic pricing model lowers the possibility of a huge wave of dumps upon hitting the public shelves in addition to giving its holders the value they asked for. Learn more about the iDEGEN token here . Pepe’s technical indicators point to a probable rebound Pepe’s popularity has seen it surge to become the 24th top cryptocurrency with a market cap exceeding $7 billion. It has grown from being just a trendy coin with its value founded on its integration of ordinary investors rather than just the monied big whales. A look at its daily chart indicates that the altcoin has dropped by close to 40% since it hit its all-time high of $0.0000283 on 9th December 2024. Besides, it is trading below the 20 and 50-day EMAs as a hawkish Fed heightens volatility in the broader crypto market. However, with an RSI of 39, Pepe is likely to rebound in the near term. Besides, since the beginning of the year, it has rallied by over 1200%. At its current price of $0.00001742, it continues to trade above the crucial resistance-turn-support zone of $0.00001656. In the ensuing sessions, investors will be eyeing the technical indicators for further guidance. The post iDEGEN token in focus as Bitcoin and Pepe prices slip appeared first on Invezz
