Key takeaways
- Bitcoin continues to trade around $100k after hitting a new all-time high of $103k a few days ago.
- iDEGEN’s pre-market auction has surpassed 550 million tokens, raising over $3 million.
BTC stays around $100k
Bitcoin, the leading cryptocurrency by market cap, hit a new all-time high of $103,900 a few days ago. However, it slightly dropped to the $93k region on Friday but has since recovered and now trades around $100k.
At press time, the price of Bitcoin stands at $99,735, up less than 1% in the last 24 hours. Meanwhile, DOGE, Dogecoin’s native coin, is the best performer amongst the leading cryptocurrencies, adding 8% to its value so far today.
What is iDEGEN?
Dogecoin’s rally indicates that memecoins are outperforming other narratives in the crypto space. A meme coin that could become a big winner in this bullish cycle is iDEGEN.
Still in its presale, iDEGEN seeks to merge the memecoin and the AI ecosystems. It is a sentient degenerate AI memelord. In its whitepaper, the team explained that iDEGEN learns, evolves, and adapts based on what the community feeds it on X. This primarily implies that iDEGEN is powered by AI but ultimately raised by degens.
iDEGEN is joining the fast-growing memecoin ecosystem. Meme coins have a combined market cap of over $45 billion and are expected to grow larger in the coming months and years.
The development team explained that users feed the tool their data through tweets, tags, and comments. iDEGEN absorbs that post and adds it to its knowledge base; that’s how it learns.
In addition to that, iDEGEN posts on X every 60 minutes and can generate and post memes. The team pointed out that everything iDEGEN posts is driven by its AI and what it learns from its community, with no human intervention.
Visit the official iDEGEN website to read more.
iDEGEN sells over 550 million tokens in pre-auction market
iDEGEN is currently undertaking a presale for its native token, $IDGN, to raise funds to finance its products and services. So far, the team has sold 561 million tokens, raising over $3 million.
The pre-market auction leverages an unconventional method to attract more investors. iDEGEN’s presale price adjusts every five minutes based on market activity. The team explained that the price remains steady for the next period if an investor purchases $IDGN tokens within five minutes. However, if purchases occur consecutively, $IDGN’s price rises by 5%. Finally, if no one buys the tokens within five minutes, the price drops by 5%.
The iDEGEN pre-market auction will last until January 1, 2025, before the token lists on cryptocurrency exchanges.
Is this the right time to buy $IDGN tokens?
Statistically, the best times to buy a token are during its presale and in a bear market. However, with the market currently in a bullish cycle, buying iDEGEN tokens in this presale stage could be an excellent investment decision.
iDEGEN is an interesting project that combines AI and meme coins. It could become one of the leading meme coin projects on the Solana blockchain.
The iDEGEN team’s website has a live pre-market listing price, allowing investors to track the token’s progress accurately ahead of its launch on trading platforms.
The post iDEGEN’s pre-market auction surpasses 550m tokens as BTC stays around $100k appeared first on CoinJournal.
