Idegen fires in full swing, while Bitcoin and Ethereum are fighting
Idegen fires in full swing, while Bitcoin and Ethereum are fighting
The bulls continue to control the wider cryptocurrency market, since the optimism of investors continues to depend on crypto-friendly political measures, the increased acceptance of these digital assets and the strategic reserves of the central banks. Nevertheless, the crypto majors have largely stalled due to the lack of an immediate catalyst.
In the middle of the decline, meme coins and especially AI projects have shown enormous growth and unmistakable opportunities. Idegen A unique social experiment is such a project. Before it comes to the public shelves, it has the potential to compete for people like Fartcoin and AI16Z.
Bitcoin by bets on fewer interest reductions under pressure
Bitcoin price recovered on Tuesday after he had tested the decisive support zone of $ 90,000 in the previous session. At the time of the writing of this article, the top cryptocurrency was $ 96,485 because it finds support along the 50-dayema, while it is around the short-term 20-dayema.
While the bulls still have control, higher government bonds have led to a sale of risky assets such as cryptocurrencies. On Monday, the benchmark returns increased to 4.80 %, a level that was last reached in October 2023.
The US working market data published at the end of last week, which was more than expected, again indicated that the FED will loosen its interest rate cuts in 2025. In particular, more risky assets such as crypto thrive in the environment of lower interest rates.
In the short term, the range is kept in mind between 93.010 and $ 97,500. Beyond this level, the bulls will probably encounter resistance at $ 98,500. On the other hand, a withdrawal via the support zone of the range could lead to BTC/USD falling to $ 92,225.
Bitcoin price diagram | Source: idege marks a new phase for AI meme coins
While artificial intelligence revolutionizes the cryptoma market, Idegen marks a new era for AI meme coins. In fact, due to its virality and potential, some analysts consider it a "bitcoin equivalent". In contrast to other projects, it started all over again, without restrictions or guardrails. By using Degens when learning, accepting and formulating tweets, Idegen has developed into a viral sensation, the growth of which exceeds the wildest ideas of his creators. The movement is so aggressive that not even a ban on X could stop. Due to its virality and active community, the project bears the characteristics of cryptocurrency, which will develop from a mere joke into a loss of billions. In view of this immense potential, more and more experienced investors $ idn tokens are increasing, only a few weeks until the listing on February 27th. Since its start on November 26, 2024, the project has already collected over $ 16 million. Early users can look forward to rich returns at the current price of $ 0.01. Compared to the original price of $ 0.00011, $ IDGN owners achieved a return of 8,991 %. At this pace there is no signs that it is slower. Find out more about Idegen ETH price diagram | Source: Tradingview After the sale triggered by Bitcoin, it looked like this from Ethereum price during the altcoin on Monday briefly fell, he was released and recovered and Noted at $ 3,191 at the time of the letter. A look at the daily chart illustrates the formation of the declining death of death, with the short-term 20-dayema crossing the medium-term 50-dayema down. In addition, the Ethereum Prize is still under pressure due to the recent increase in the outflows. According to Sosovalue, the ETH-Spot ETF recorded daily net drains of $ 39.43 million on January 13. At the top of the list was Grayscale Ethereum Trust EFT (ETHE) with a daily net outflow of $ 14.49 million and accumulated net drains of $ 3.70 billion. At the same time, his Mini Trust (ETH) recorded daily net drains of $ 37.84 million
In the short term, the Ethereum Prize should fluctuate around $ 3,150 because the bulls try to defend the level of support of $ 3,000. Even with further recovery, it will probably encounter considerable resistance at $ 3,320. due to the changed investor's mood, Ethereum records an increase in drains
Source: Coinlist.me