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.
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