The world is filled with excitement over the new year and crypto investors have more than one reason to be thrilled. In addition to the highly anticipated Bitcoin-led bull run, meme coin enthusiasts are keen on iDEGEN’s listing slated for 1st January 2025.
The success of this one-of-a-kind social experiment is rooted on its ability to leverage the power of community and AI. As a result, there has been an overflow of investors seeking to be part of this project before it hits the public shelves. Indeed, the over $11 million raised in five weeks says it all.
Ripple price chart points to a sustained bullish trend
XRP/USD has had a spectacular year; rallying by close to 240% year to date. Among the contributing factors is the overall bullish sentiment that saw Bitcoin surge past $100,000 for the first time ever. Beyond that, easing pressure from the SEC case and the incoming pro-crypto US administration has also bolstered ripple price in recent months.
However, XRP price has lost its bullish momentum; trading in the red for four consecutive weeks. Since 17th December when it momentarily rebounded above $2.5000, it has dropped by about 23% to trade at $2.0912 as at the time of writing.
Even with the decline, the fundamentals remain steady. Investors are hopeful of a crypto-friendly environment under Donald Trump; an aspect that will further fuel the highly anticipated bull run of 2025. Besides, Ripple’s heightened adoption for cross border payments is set to boost its price in coming months.
A look at its daily chart shows it holding steady above the medium-term 50-day EMA although it has dropped below the short-term 20-day EMA. As such, it will likely be range-bound in the short term, holding steady above the crucial support zone of $2.0000.
Meme coin enthusiasts start count down to iDEGEN’s listing
It has been 5 weeks since the launch of iDEGEN; a unique social experiment that has highlighted the limitless potential of the union between artificial intelligence and social media. During this period, over 1 billion $IDGN tokens have been sold; raising more than $11 million. Ahead of the listing slated for 1st January 2025, investors have a
Unlike most meme coins whose presales are largely governed by their creators, iDEGEN has been operating on the principle of “for the community, by the community”. To start with, the…