![iDEGEN defies gravity as XRP and BTC prices plunge](http://ik.imagekit.io/invezz/uploads/2025/01/bitcoin-6219345_1280.jpg)
2025-1-28 20:03 |
Crypto majors like Bitcoin and Ripple remain on a corrective pullback as the hype around the new PolitiFi tokens fades. While bulls continue to control the broader market, the selling pressure appears to be building.
Even so, new innovations are defying the odds is more ways than one. In particular, the rebellious iDEGEN project has continued to garner unmatched attention as crypto enthusiasts rush to accumulate $IDGN tokens ahead of its listing on 27th February.
In its unique growth approach, its online community is at the intersect of AI and crypto. Coupled with the absence of guard rails, this tactic has shaped it into a viral project with a clear niche in the AI meme coin space.
BTC/USD corrective pullback flips prior support into a crucial resistance levelIn the just concluded week, BTC/USD hit a fresh all-time high as the cryptocurrency market rallied on the back of the first family’s meme coins and President Trump’s inauguration. Since then, the corrective pullback has seen it drop by close to 10% to trade at $98,863.10 at the time of this press release.
A look at its daily chart shows bitcoin price trading below the short-term 20-day EMA while hovering around the medium-term 50-day MA. Furthermore, its relative strength index (RSI) is at 47, which is close to the neutral level of 50. This indicator is pointing downwards, hinting at the weakening of the bullish momentum.
At its current level, the bulls are striving to defend the support level of $97,500. A decline past that zone will likely have the crypto test the lower level of 95,873. On the upper side, $101,377.73 will be a resistance zone worth watching.
iDEGEN’s V3 upgrade set to unleash degens’ unmatched furyiDEGEN has continued to reap big from its unique approach in the AI meme coin space. By relying on crypto degens for growth and operating with no guard rails, the one-of-a-kind project is redefining the concept of “for the community, by the community”.
In its initial phase, the AI agent learnt and adapted through the uncensored chaos thrown its way in the form of tweets and comments on X. The wildness reached extremes that pushed X to ban it from the platform twice.
However, not even that form of censorship could derail its online community. The crypto enthusiasts, largely comprising of Gen Z, had embraced the project as their own and were on a mission to catapult it to unmatched heights; and push it they did.
The project has been trending in the US and the UK; raising an additional $1 million in 24 hours after its V2 upgrade. With the latest V3 update that consists of video content, its popularity is set to reach fever pitch by attracting crazy attention on TikTok, Instagram, and YouTube.
As it stands, iDEGEN has proved to be more than just a viral AI meme coin project. It bears immense potential that will likely have it compete with the likes of ai16z and fartcoin once it hits the public shelves a month from now.
Savvy investors are aware that the opportunity to own $IDGN tokens at its currently cheap price of $0.0146 is closing in. The rush to accumulate the token explains the over $18.37 million raised so far. The over 21,500 early adopters are already sitting on hefty profits with more than 13,000% in returns.
Find out more about the iDEGEN token here.
XRP price plunges by 10% even as analysts remain bullishThe entry of a pro-crypto US administration has heightened optimism among crypto enthusiasts, with XRP set to benefit from the regulatory reforms. Besides, the crypto major is expected to experience increased adoption in the cross-border payments market.
However, Ripple price remains subject to a corrective pullback in the near term. Over the past 24 hours, it has dropped by 10% with its market cap falling by 9.35%.
Aon its daily chart, the altcoin is trading below the 20-day EMA even as it holds steady above the medium-term 50-day MA. Besides, its RSI is at a neutral level of 50 with the indicator facing downwards; a sign of the bulls’ exhaustion.
In the near term, the range between $2.6065 and $2.9036 will be worth watching. A further pullback will likely have the bulls defending the lower support zone at $2.5338. On the upper side, a rebound beyond $3.0027 will refute this thesis.
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