The overall market sentiment among crypto investors remains positive even as some assets report losses and fluctuations. While the bulls remain in control, Shiba Inu may enter a period of range-bound trading even though brief. On the other hand, Ripple price is set to retest 2018’s high as news over the approval of $RLUSD brings $3 into clear focus.
At the same time, iDEGEN remains on savvy investors’ radar as its unique approach to social engagement and pricing rakes in over $4 million less than a month since its launch. The power of AI, social media, and craze over meme coins has the project ranked as one of the top crypto investments of 2024 even before its launch.
Ripple price bolstered by news on stablecoin’s approval
XRP hit a multi-year high of $2.90 on 3rd December as the bulls sort to gather enough momentum to hit the $3 mark for the first time since 2018. While the profit-taking mood yielded a pull back to $1.91 on Tuesday, it has since parred some of those losses to trade at $2.42 as at the time of writing.
Even with the latest decline, investors remain bullish with prospects of a surge to $3 and beyond being heightened by the recent news on $RLUSD. On 10th Deceber, Ripple’s CEO Brad Garlinghouse announced the approval of Ripple’s US dollar-backed stablecoin from NYDFS. The stablecoin is expected to soon hit exchanges with its adoption set to significantly bolster the demand for XRP.
This just in…we have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first.
— Brad Garlinghouse (@bgarlinghouse) December 10, 2024
iDEGEN’s on the list of best meme coins to invest in 2024
iDEGEN; an experiement that is still in its presale phase, has raked in millions in just a few weeks. The project, which was launched on 26th November 2024 has already raised over $4.19 million with over 938 million tokens sold as at the time of writing.
Notably, iDEGEN has adopted an interesting approach that might just place it in the list of the best cryptos of 2024. This potential lies in the unique trifactor of social media, artificial intelligence, and the ongoing wave of meme coins.
As stated on its platform, iDEGEN is “AI Born. Degen Raised”. This concept works by having its AI agent posting on X every hour. Subsequently, it…