As AI takes over the crypto space, one project stands out; iDEGEN. Just three weeks into its presale, it’s price has rallied by close to 90,000%. Besides, the crypto-friendly environment that President Trump is cultivating is set to bolster the new entrant as well as other established cryptos. In fact, it is one of the aspects that has boosted XRP and Dogecoin’s price in recent weeks.
Ripple’s bull run has just begun
Ripple price traded in the red in the just concluded week after five consecutive weekly gains. Even with the pullback, its gains year to date are at around 380%, having rallied to a 7-year high earlier in December.
In addition to the bullish sentiment that has bolstered the broader crypto market post Trump’s win, the altcoin has become more attractive to investors as its final settlement with SEC looms. Besides, the incumbent US president, Donald Trump, has promised to ease crypto regulations.
The actualization of these assertions will be beneficial to XRP, which has suffered longstanding legal struggles from regulatory authorities. In fact, as part of his support for the sector, Trump recently appointed Paul Atkins, a supporter of cryptocurrencies, to head SEC. With this favorable environment, bulls are eyeing $3 in the near term.
iDEGEN: The Experiment Competing with Major Cryptos
The cryptocurrency era started with Bitcoin leading the pack and investors seeking opportunities in major altcoins. Over the years, the crypto market has evolved; incorporating many projects and allowing investors with limited means to get a piece of the proverbial pie.
This evolution has birthed AI meme coins. Like other meme coins, AI meme coins thrive in the power of social media and its ability to make a project go viral. Additionally, they leverage artificial intelligence and the concept of it being the future. As a result, AI meme coins’ market cap has soared in recent months to $6.95 billion, as indicated on CoinGecko.
Among the AI meme coins taking over the cryptocurrency space is iDEGEN. In less than a month since its launch, the project has already raised over $5 million with over 1 billion $IDGN tokens sold.
Its success lies in its unique approach to building a community and yielding FOMO among potential investors. To begin with, iDEGEN is raised by crypto degens, learning and absorbing every piece of data fed to it…