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Over the years, many investors have profited from the concept of crypto being the future. Those who initially saw these digital assets as a bubble bound to burst sooner or later are now green with envy as the leading crypto – Bitcoin reached and surpassed the $100,000 mark for the first time ever. 

Amid the FOMO, savvy investors are looking for opportunities beyond Bitcoin with CoinMarketCap’s Altcoin Season Index rising from the year’s low of 13 in September to the current 73. 

As  meme coins redefine the world’s perception of cryptocurrencies, one stands out – iDEGEN. Its potential lies in its trifactor; AI, social media, and the meme coin wave. At the same time, other meme coins like Shiba Inu and Pepe are on investors’ radar. 

Shiba Inu’s daily trading volume was down by 27% with its market cap dropping by 7.46% as seen on CoinMarketCap. At the time of writing, its price was at $0.00002939; down by 8.25%. Other cat-themed coins like Popcat and Cats in a dogs world also had their price drop by 14% and 7.6% respectively. 

Even with the pullback, Shiba Inu remains on a bullish trend; trading above the 20 and 50-day EMAs. In addition to the Bitcoin-led rallying, its high burn rate is bolstering its value. According to SHIBBURN, over 410.74 trillion coins have been burnt from the initial supply with its current burn rate being 911%. 

Currently, there are 583.98 trillion SHIB coins in circulation with the maximum total supply being 999.98 trillion. Over time, more SHIB coins are expected to be burnt; increasing the value of the remaining coins. 

Artificial intelligence (AI) is taking over the modern world and its tentacles are observable in the cryptocurrency space. Indeed, AI is at the core of the iDEGEN project, which is one of the aspects that has bolstered its demand. Seeing that AI is no longer the future but the present, more investors are getting onboard and purchasing some $IDGN tokens before its price skyrockets. 

What’s more, the iDEGEN project has a unique approach to community engagement. In fact, its slogan is “AI BORN. DEGEN RAISED”. It posts on Twitter every 60 minutes, learning from every  tweet, comment, meme, or tag fed to it by the crypto degens. It is this opportunity for the online community to shape the project that investors are betting on. 

Furthermore, unlike most other meme coins which rely on the buzz surrounding them for an increase in price, iDEGEN’s demand is what’s driving its surge in value. 

The price of $IDGN tokens changes after every 5 minutes based on the market activity. If an investor purchases some tokens within 5 minutes, the price remains the same during the next period. However, purchases in two consecutive intervals yields a price increase 5%. In contrast, the price will drop by 5% if no purchase is mad within a span of 5 minutes. 

The unique approach has see the project raise over $3.61 million with over 737 million $IDGN tokens sold as at the time of writing. With the dynamic auction ending in January 2025, investors looking to jump on the wagon and get $IDGN at a fair price have the perfect opportunity. You can buy the iDEGEN token here.

As part of the culture, meme coins largely benefit from their online community and subsequent virality especially in their initial stages. However, some are able to remain afloat even after the initial wave of fame; case in point – Pepe. 

Launched in 2023, the meme coin has climbed the crypto rankings and overtaken Uniswap; entering the list of top 20 cryptos. Its market cap has surpassed $11 billion; hitting a fresh all-time high of $0.0000275 on Monday. 

 As seen on Coinalyze’s chart above, Pepe’s aggregated open interest (AOI) is also at an all-time high at $214.33 million. A higher AOI points to new positions; an indication that the current rallying will likely continue. Beyond the power of social media, hints at staking opportunities have sustained the coin’s splendor. 

The post Shiba Inu, Pepe prices slip as traders shift to iDEGEN tokens appeared first on Invezz

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