Key takeaways
- Bitcoin has reached a new all-time high price of $106,488 after adding 3% to its value on Sunday.
- iDEGEN’s pre-market auction has officially surpassed the $5 million mark.
BTC hits $106k
Bitcoin, the leading cryptocurrency by market cap, set a new all-time high price of $106,488 a few hours ago. This latest development comes after Bitcoin added more than 3% to its value on Sunday.
At press time, the price of Bitcoin stands at $105,166, retracing slightly from its all-time high. The rally comes as analysts expect the U.S. Federal Reserve to cut interest rates later this week.
What is iDEGEN?
Bitcoin has achieved a new all-time high while altcoins continue to rally higher. Furthermore, new projects in the ecosystem continue to attract funding from investors. iDEGEN is one of the projects in its presale stage that is attracting interest from investors
iDEGEN combines the features of AI and memecoins to present a strong project with an equally active community. In their whitepaper, the team explained that the iDEGEN tool learns, evolves, and adapts based on what the community feeds it on X. This means that iDEGEN is powered by AI but ultimately raised by degens.
It will launch as a memecoin, leveraging the growth of the meme coin ecosystem in recent years. The memecoin market is worth over $45 billion and is expected to grow larger in the coming months and years.
iDEGEN has a simple working mechanism. Users feed the tool their data through tweets, tags, and comments. The tool 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.
Click here to read more about the iDEGEN project.
iDEGEN’s pre-auction market crosses the $5 million milestone
The iDEGEN pre-market auction is attracting more investors, raising millions of dollars in the process. The team has sold nearly 1 billion $IDGN tokens, raising $5 million in the last few weeks.
iDEGEN uses the pre-market auction method to help attract more investors. Using the pre-market auction method, the price adjusts every five minutes based on market activity.
According to the team, 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,…