Bitcoin price stalls, Cardano rises as iDEGEN gains momentum

Bitcoin price stalls, Cardano rises as iDEGEN gains momentum
фото показано с : invezz.com

2025-1-13 22:52

Pro-crypto policies, increased adoption, and strategic reserves are expected to fuel 2025’s bull run. This optimism, coupled with the AI-driven revolution, has savvy investors looking for opportunities beyond Bitcoin and major altcoins.

AI meme coins are redefining the crypto space, and iDEGEN is emerging as a “Bitcoin equivalent”. As the presale comes to an end, more investors are rushing to be part of the project that held true to its principle of “by the community, for the community”.

While CMC’s altcoin season index suggests that the market is still in a Bitcoin season, investors are increasingly looking for opportunities beyond BTC and other majors. iDEGEN not only has immense growth potential, it is also fair-priced ahead of its listing.  

Cardano records highest rebound among the crypto majors

Since Friday, ADA/USD has rallied by 11% with its price increasing by 5.92% over the past 24 hours. Notably, that is the highest rise among crypto majors. In comparison, XRP price has surged by 4.19% with Bitcoin and Ethereum down by 0.18% and 0.58% over the past 24 hours respectively. 

During that timeframe, Cardano’s market cap has risen by 5.60% with its trading volume increasing by 38.37%. Even so, its price has dropped by 7.66% over the past 7 days as Bitcoin’s range-bound trading continues to influence the broader crypto market.

While there is no immediate catalyst for Cardano price, investors continue to eye Trump’s inauguration and the crypto-friendly environment that his administration is set to foster. This optimism, coupled with the upgrades expected on its network, will likely bolster ADA/USD price beyond the resistance zone of $1.0600. 

In the near term, the range between that resistance level and $0.9745 will be worth watching. On its daily chart, ADA/USD remains above the 20 and 50-day EMAs; signaling that the bulls remain in control.  

Read more: Cardano price analysis: key catalysts for a 30% ADA jump

Here’s why iDEGEN is the Bitcoin of AI meme coins

AI has already positioned itself to redefine the crypto space in the short and long-term. As seen on CoinGecko, the AI meme coins’ market cap is close to $7 billion. With that, savvy investors are keen on hopping on the integrated opportunities lest they get locked out of this bandwagon. 

Indeed, projects like Fartcoin and ai16z have proven this notion. Ai16z, an AI meme coin launched in October 2024 has already surpassed a market cap of $1 billion while Fartcoin is valued at close to $800 million. 

Amid this evolution, iDEGEN has emerged as the next big thing and savvy investors know better than to dismiss it. Since its launch on 26th November 2024, the one-of-a-kind social experiment has raised over $16 million. 

With the presale about to end, the more than 18,000 holders who have purchased over 1.3 billion $IDGN tokens are sitting on hefty gains. The project’s virality, future capabilities, and dynamic pricing model have yielded returns exceeding 77,000% in just 7 weeks, and are set to increase further in the ensuing sessions.  

In fact, some analysts view iDEGEN as the Bitcoin of AI meme coins. True to this notion, not even the recent ban on X could tame in. As at the time of writing, $IDGN token price was at $0.0852 compared to its initial price of $0.00011. As a pro-crypto US president prepares to take office, it is time to own some $IDGN tokens. You can buy the iDEGEN token here.

Bitcoin price range to narrow further in the absence of an immediate catalyst

 Bitcoin price ended the week in the red as it remains range-bound. On the one hand, the bulls remain in control with the crypto holding steady above the support zone of $91,500. However, as seen on its daily chart, BTC/USD price has dropped below the short-term 20-day EMA while hovering around the medium-term 50-day MA.

In the broader crypto market, investors remain optimistic of the crypto-friendly environment that President Trump’s government is set to foster. Besides, some analysts view 2025 as the year that Bitcoin price hits $200,000. 

However, the lack of a major near-term catalyst will likely cause the crypto to consolidate for a while longer. More specifically, the range between $93,010 and $96,150 will be worth watching. A further rebound may cause the bulls to face resistance at $97,457. 

The post Bitcoin price stalls, Cardano rises as iDEGEN gains momentum appeared first on Invezz

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