The crypto market is expected to record a major bull run in 2025 and Donald Trump’s return to the Oval Office is the main bullish catalyst to watch out for in the short term. In fact, it has boosted majors like BTC and Solana while while pushing more savvy investors to look for opportunities in fresh meme coins like iDEGEN.
As the first pro-crypto US president, analysts and investors alike expect his administration to enact favorable policies as soon as he’s sworn in. Indeed, he is not only pro-crypto, he is an investor in the sector. On Friday, the incumbent president launched a meme coin on the Solana network. As at the time of writing, it was trading at $23.08 with a market cap of $4.61 billion.
Based on CMC’s altcoin season index, it is still Bitcoin season at the current level of 49. However, more savvy investors are shifting their attention to calternatives with AI meme coins leading the pack. Top of the list is iDEGEN; a one-of-a-kind social experiment with unmatched potential.
Newly-launched $TRUMP bolsters Solana price to a 6-week high
SOL/USD rallied to a 6-week high on Saturday following the launch of Donald Trump’s meme coin, $TRUMP, on the Solana network.
Over the years, Trump has morphed from a cryptocurrency critic to the first pro-crypto US president, and now the owner of a meme coin. With his inauguration slated for 20th January, crypto enthusiasts are more convinced that he will foster a conducive environment for the digital assets to thrive.
In fact, reports have it that Trump may soon release an executive order to have crypto as a national priority. It is this positive sentiment that has boosted the crypto fear & greed index from last week’s neutral level of 50 to a greed level of 75 as seen on Binance.
Subsequently, Bitcoin hit a one-month high on Friday with altcoins like Solana benefiting from the rallying. A look at SOL/USD daily chart shows the formation of a bullish golden cross, which points to further gains.
With an RSI of 68, the altcoin is approaching the overbought territory. As such, it may record a corrective pullback with $225 and $209.90 being support levels worth watching. On the upside, the bulls will be keen on breaking the resistance at $247 to retest the all-time high it hit in November 2024 at $263.
iDEGEN’s potential for explosive growth to sustain its virality
The…