Key takeaways

• BTC is buying and selling across the $98k area after shedding 7% of its worth.
• DOGE dangers dropping under $0.30 as it’s down almost 20% within the final seven days.

Dogecoin and different main altcoins underperform

The cryptocurrency market has been underperforming over the previous few days, with almost $300 billion worn out from the market throughout that interval. Bitcoin, the main cryptocurrency by market cap, is down 7% within the final 24 hours and now trades at $98,979 per coin.

In the meantime, Dogecoin has misplaced 12% of its worth since yesterday and dangers dropping under $0.30. At press time, the price of Dogecoin stands at $0.3128 per coin. Different main altcoins, together with Solana’s SOL, XRP, Cardano’s ADA, and Chainlink’s LINK, are down 10% or extra within the final 24 hours. 

What’s iDEGEN?

The present market correction hasn’t halted investments in new initiatives. One of many doable largest upcoming initiatives on the Solana community is iDEGEN, a challenge that blends AI and memecoin narratives. 

iDEGEN is elevating cash from buyers by way of a presale because it seems to be to roll out thrilling services to its customers. It’s a meme challenge that leverages the advantages of AI to create the subsequent billion-dollar memecoin. 

Of their whitepaper, the group defined that iDEGEN is an AI device that primarily capabilities as such. It repeatedly evolves and adapts by leveraging group feeds on X. Whereas iDEGEN is powered by AI, degens in the end elevate the device. 

The native $IDGN token will energy actions inside the iDEGEN ecosystem. Moreover, $IDGN will launch as a memecoin because of the large adoption of this narrative lately. Final yr, the memecoin ecosystem grew from a $20 billion market cap to $120 billion, representing a 500% development inside 12 months. 

The $IDGN launch on exchanges will happen in lower than a month and will grow to be the most effective performers as soon as it goes reside. 

The group identified that customers feed the iDEGEN device their information by way of tweets, tags, and feedback. The device absorbs the submit and provides it to its data base; that’s the way it learns. Moreover, iDEGEN posts on X each 60 minutes and might generate and submit memes. 

iDEGEN’s presale surpasses $18m

As talked about above, the present bearish market situation hasn’t halted investments in iDEGEN. The presale has entered a brand new stage after elevating over $18.3 million from early buyers. 

Within the present stage, the $IDGN token is price $0.0146, and its price will improve to $0.0161 within the subsequent stage. Within the final presale stage, will probably be price $0.038, giving early buyers a large ROI earlier than the token launches on exchanges. 

As soon as the presale ends, $IDGN will checklist on centralised and decentralised exchanges. With over 21k holders, the iDEGEN presale continues to draw extra buyers. 

Is the $IDGN token supreme for brand new buyers?

iDEGEN may very well be funding for brand new buyers because of the challenge’s distinctive worth proposition. Presale is without doubt one of the finest instances to spend money on a challenge, and iDEGEN’s presale ends in roughly 30 days. 

The challenge may ship wonderful features to new buyers by combining AI and memecoin narratives. iDEGEN may additionally achieve huge adoption inside the crypto world as its device presents a superb use case. As an early investor, this challenge may ship wonderful ROI as soon as the $IDGN token begins buying and selling.