Key takeaways
- BTC is buying and selling across the $98k area after shedding 7% of its worth.
- DOGE dangers dropping under $0.30 as it’s down practically 20% within the final seven days.
Dogecoin and different main altcoins underperform
The cryptocurrency market has been underperforming over the previous couple of days, with practically $300 billion worn out from the market throughout that interval. Bitcoin, the main cryptocurrency by market cap, is down 7% within the final 24 hours and now trades at $98,979 per coin.
In the meantime, Dogecoin has misplaced 12% of its worth since yesterday and dangers dropping under $0.30. At press time, the value of Dogecoin stands at $0.3128 per coin. Different main altcoins, together with Solana’s SOL, XRP, Cardano’s ADA, and Chainlink’s LINK, are down 10% or extra within the final 24 hours.
What’s iDEGEN?
The present market correction hasn’t halted investments in new tasks. One of many potential largest upcoming tasks on the Solana community is iDEGEN, a mission that blends AI and memecoin narratives.
iDEGEN is elevating cash from traders by way of a presale because it seems to be to roll out thrilling services to its customers. It’s a meme mission that leverages the advantages of AI to create the following billion-dollar memecoin.
Of their whitepaper, the workforce defined that iDEGEN is an AI device that primarily features as such. It repeatedly evolves and adapts by leveraging group feeds on X. Whereas iDEGEN is powered by AI, degens in the end increase the device.
The native $IDGN token will energy actions inside the iDEGEN ecosystem. Moreover, $IDGN will launch as a memecoin because of the huge adoption of this narrative lately. Final yr, the memecoin ecosystem grew from a $20 billion market cap to $120 billion, representing a 500% progress inside 12 months.
The $IDGN launch on exchanges will happen in lower than a month and will turn out to be top-of-the-line performers as soon as it goes dwell.
The workforce identified that customers feed the iDEGEN device their knowledge by tweets, tags, and feedback. The device absorbs the submit and provides it to its information base; that’s the way it learns. Moreover, iDEGEN posts on X each 60 minutes and may generate and submit memes.
iDEGEN’s presale surpasses $18m
As talked about above, the present bearish market situation hasn’t halted investments in iDEGEN. The presale has entered a brand new stage after elevating over $18.3 million from early traders.
Within the present stage, the $IDGN token is value $0.0146, and its value will improve to $0.0161 within the subsequent stage. Within the final presale stage, it is going to be value $0.038, giving early traders a large ROI earlier than the token launches on exchanges.
As soon as the presale ends, $IDGN will record on centralised and decentralised exchanges. With over 21k holders, the iDEGEN presale continues to draw extra traders.
Is the $IDGN token supreme for brand spanking new traders?
iDEGEN could possibly be a very good funding for brand spanking new traders because of the mission’s distinctive worth proposition. Presale is without doubt one of the finest occasions to spend money on a mission, and iDEGEN’s presale ends in roughly 30 days.
The mission may ship wonderful features to new traders by combining AI and memecoin narratives. iDEGEN may additionally achieve large adoption inside the crypto world as its device affords a superb use case. As an early investor, this mission may ship wonderful ROI as soon as the $IDGN token begins buying and selling.
