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Cryptocurrency News Articles

iDEGEN: The Crypto Equivalent of DeepSeek

Jan 31, 2025 at 01:41 am

Artificial intelligence has morphed into a revolutionary wave and savvy investors are keen not be miss the birthed opportunities.

iDEGEN: The Crypto Equivalent of DeepSeek

Bitcoin Price Analysis: BTC Bulls Aim High as New All-Time Lows Beckon

Bitcoin price hit a fresh all-time high slightly over a week ago, following which it dropped to lows of $97,853.12 in a one-week corrective pullback. It has since recovered some of those losses, trading at $105,158.48 at the time of writing. Notably, it is up by over 3% in the past 24 hours.

The optimism over the 2025 bull run continues to shape the market activity, as seen on Binance Square, which shows a greed level of 70. This positive sentiment will likely propel Bitcoin price higher in the near term.

A look at its daily chart shows the crypto trading between the mid and upper Bolinger bands. At its current level, $101,377.75 will likely offer the asset stable support as the bulls strive to break the resistance at $107,488.93 and rally further to a new all-time high. However, a pullback past the lower support zone of $99,437.09 will invalidate this bullish thesis.

Investors’ Optimism to Bolster Bitcoin Price to New Highs

A recent DeepSeek sell-off, which prompted President Trump to issue a “wake-up call” for Silicon Valley, highlighted artificial intelligence’s impact across various sectors. In the cryptocurrency space, AI meme coins have captured the attention of crypto enthusiasts with tokens like ai16z and fartcoin topping the list.

However, one social experiment is giving these projects a run for their money. Launched two months ago, iDEGEN, an AI crypto project has already raised over $18.7 million. Its absence of guard rails, heightened level of community engagement, and practical pricing model has resulted in a high-value product with immense growth potential.

Savvy investors acknowledge this and are rushing to accumulate $IDGN tokens before its listing on 27th February. Already, the over 21,000 early adopters are sitting on hefty profits with unmatched returns of more than 14,500%.

If its past phases are anything to go by, the latest V3 upgrade is set to catapult its popularity and growth to the next level. Commencing on a blank slate, this social experiment relies on crypto degens on X to learn, adapt, and respond. Void of any censorship,the resultant madness prompted two bans from the X platform.

Despite these setbacks, its community, largely consisting of Gen Zs, was undeterred. They had, and still do embrace the project as their own and are keen on taking it to levels never seen before.

After the V2 update that saw it take over the Telegram frontier, it is set to capture more attention through its video content on sites like Instagram, TikTok, and YouTube. In the next four weeks, it will be interesting to see iDEGEN’s potential unfold. You can buy the iDEGEN token here.

Solana Price Set for a Consolidation Phase Ahead of a Breakout

Solana price hit a fresh all-time high on 19th January 2025 on the back of Trump and Melania’s PolitiFi tokens, following which SOL/USD dropped by close to 20%. As at the time of writing, the altcoin as trading at $237.69 after gaining 3.92% over the past 24 hours.

After the corrective pullback that cut across the crypto majors, Solana price appears to be finding its footing. A look at its daily chart shows it trading between the mid and upper bollinger bands.

While the bulls remain in control, the absence of a near term catalyst may have it enter a consolidation phase. More specifically, the range between $225.84 and $247.97 will be worth watching. Beyond that range, the bulls will be looking to break the resistance at $260.92. From this perspective, placing a stop loss at $215.57 is ideal; beyond which this thesis will be invalid.

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Other articles published on Feb 02, 2025