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Home»TRADING NEWS»Countdown to iDEGEN listing with XRP begins, Solana bullish trend stagnates
TRADING NEWS

Countdown to iDEGEN listing with XRP begins, Solana bullish trend stagnates

By Crypto FlexsJanuary 1, 20254 Mins Read
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Countdown to iDEGEN listing with XRP begins, Solana bullish trend stagnates
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The world is filled with excitement as we welcome the new year, and cryptocurrency investors have several reasons to rejoice. In addition to the highly anticipated Bitcoin-led bull market, meme coin enthusiasts iDEGEN’s It is scheduled to be listed on January 1, 2025.

The success of this unique social experiment is rooted in its ability to harness the power of community and AI. As a result, there was a flood of investors willing to participate in the project before it was made public. In fact, the amount raised – over $11 million in just 5 weeks – says it all.

Ripple price chart indicates a continued bullish trend.

XRP/USD has had a stellar year. It’s up nearly 240% year to date. Among the contributing factors is the overall bullish sentiment that saw Bitcoin surpass $100,000 for the first time. In addition, the price of Ripple has strengthened in recent months due to the SEC case and the easing of pressure from the US administration in favor of cryptocurrencies.

However, XRP price lost its bullish momentum. Trading at a loss for 4 consecutive weeks. After briefly rebounding above $2.5000 on December 17, it was trading at $2.0912, down about 23% as of this writing.

Despite the downturn, fundamentals remain stable. Investors are expecting a cryptocurrency-friendly environment under the Donald Trump administration. This is an aspect that will further fuel the highly anticipated bull market in 2025. Moreover, the rising adoption of Ripple for cross-border payments is expected to push its price higher in the coming months.

Looking at the daily chart, we can see that the price has fallen below the short-term 20-day EMA but is holding steady above the medium-term 50-day EMA. Therefore, in the short term, it is likely to remain stable above the important support of $2.0000 and not break out of the range.

Memecoin enthusiasts begin the countdown to iDEGEN listing.

It’s been 5 weeks since iDEGEN was launched. A unique social experiment that highlights the limitless potential of combining artificial intelligence and social media. Over 1 billion $IDGN tokens were sold during this period. It raised more than $11 million. Ahead of listing on January 1, 2025, investors

Unlike most meme coins, whose presales are largely managed by their creators, iDEGEN has been operating on the principle of “for the community, by the community.” First of all, the project started with a clean slate, without any censorship, restrictions, or use of initial knowledge. It is X’s cryptocurrency that supplies data to X in the form of tweets and hashtags. This knowledge is what the AI ​​agent uses to generate tweets every 60 minutes.

As a result of this model, online engagement has increased and more investors are participating for fear of missing out on opportunities. As is part of the meme coin culture, word of mouth for the project is critical to its success.

Moreover, iDEGEN was developed in a way that the owner gets the value he or she wants rather than random numbers generated by the creator. In a dynamic pricing model, the $IDGN token price changes every 5 minutes based on demand.

If there is no single purchase within 5 minutes, the price is reduced by 5%. Likewise, if you make two purchases at consecutive intervals, the price increases by 5%. After listing, the price is 10% higher than at the end of the auction.

In particular, this unique approach has attracted more smart investors. iDEGEN is not just a viral AI meme coin, but a viable investment opportunity for both cryptocurrency whales and regular investors. Additionally, the pricing model reduces the likelihood of dumps, as often happens when meme coins hit public shelves. you can buy FOREIGN TOKEN TESTICLES.

The death cross pattern indicates a range-bound trade for Solana.

Solana, the sixth-largest cryptocurrency by market capitalization, is facing resistance at the previously stable $200 support zone after falling below this level two weeks ago. Looking at the daily chart, we can see a bearish dead cross pattern where the short-term 20-day EMA crosses below the medium-term 50-day EMA.

In the short term, SOL/USD is likely to find resistance at the 50-day EMA at $204.90 and support at $185.12. A further bounce could lead to a test of $210.68, beyond which the bullish momentum would get back on track.


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