Whereas cryptocurrencies have pared most good points seen this week because the market rallied forward of President Donald Trump’s inauguration, analysts are upbeat about potential upside breakout for Bitcoin (BTC) and altcoins.
The previous 24 hours have seen BTC retrace to assist above $100k, whereas Solana held above $230 after a double digit dip. What does the outlook for BTC and SOL counsel for iDEGEN (IDGN), the AI agent crypto challenge that’s raised greater than $17.4 million in presale?
Bitcoin, Solana costs dip after Trump inauguration
On Jan. 20, the day Donald Trump was inaugurated into workplace because the forty seventh US president, Bitcoin rose to a brand new all-time excessive of $109k. The good points nonetheless paled in comparison with the staggering pumps that Trump household’s meme cash witnessed.
OFFICIAL TRUMP (TRUMP) and Official Melania (MELANIA) pumped so exhausting, their respective market caps immediately put them among the many high 100 crypto tasks. Regardless of the bullish anticipation, these meme cash have crashed up to now 24 hours, with TRUMP down greater than 30% on the time of writing.
Trump not mentioning crypto on the inauguration day acted as a downward catalyst for many altcoins. Bitcoin additionally shed good points to achieve lows of $100,101. In the meantime, Solana retreated to $231 – dropping the uptrend after it hit the all-time excessive of $294 on Jan.19. By the way, SOL rose as TRUMP and MELANIA meme tokens took the market by storm.
BTC, SOL price prediction
In accordance with crypto analyst DonAlt, an government order round Bitcoin may ship BTC flying out of the blocks to a brand new ATH. The analyst says BTC holding above $100k regardless of the downward strain is a key indicator of the market’s resilience.
SOL may rally to a brand new all-time excessive if patrons breakout above $245, one other crypto analyst has predicted.
What’s iDEGEN?
Meme cash apart, a crypto phase that has up to now few months attracted large consideration embody AI brokers. iDEGEN stands out as one of many tasks trying to dominate as each the presale and AI agent collect tempo.
iDEGEN began with a premarket public sale earlier than adopting a stage-based presale for the IDGN token. In each approaches, the challenge witnessed a outstanding surge in group assist, with the raised quantity rapidly surpassing the $10 million mark.
iDEGEN price forecast
Whereas an AI experiment within the ilk of different high agentic tasks, iDEGEN’s standout proposition is its “degen raised” function. Being an AI agent with an unfiltered entry to interplay and coaching through X has nonetheless landed iDEGEN in bother.
However the potential the challenge has throughout the ecosystem means successive bans on X have solely hyped it additional. IDGN price has elevated to $0.0121 and can rise to $0.0133 within the subsequent stage. By the point iDEGEN lists on main exchanges, IDGN might be priced at $0.038. This means a possible 214% return from the present stage.
To date, people who entered the presale when iDEGEN’s token providing went reside are a rise of 10,900%
The place iDEGEN trades after it launches available in the market will rely on a number of elements, together with market situations. As famous right here, the IDGN presale will finish on Feb. 26 and challenge itemizing on Feb. 27.
To study extra about iDEGEN and its presale, take a look at the official web site.