• ONDO price faces extra bearish stress from upcoming token unlock.
• Crypto traders additionally look ahead to the upcoming iDEGEN (IDGN) token itemizing.
• Whereas the ONDO token unlock might result in a price drop, the iDEGEN itemizing is anticipated to surge in price.

The cryptocurrency market is buzzing with anticipation as two distinct occasions loom on the horizon: the Ondo Basis token unlock and the upcoming alternate itemizing of iDEGEN.

Ondo Basis’s ONDO token has been below stress, with its price declining amid bearish indicators, whereas iDEGEN ($IDGN) is capturing consideration with its progressive AI-driven strategy and dynamic presale.

Ondo token unlock provides to its bearish stance

The Ondo Basis is gearing up for a major occasion the place 20% of ONDO tokens are set to be unlocked on January 18. This unlock will enhance the circulating provide to 134% of what it presently is, probably flooding the market with new tokens.

Ondo Basis want to observe prematurely to the neighborhood that, within the coming days, there will likely be a wide range of locked ONDO transfers in preparation for the primary launch from the World Lock-Up.

These transfers are primarily for the aim of locked token holders…

— Ondo Basis (@OndoFoundation) January 12, 2025

Traditionally, such occasions introduce promoting stress as early traders, workforce members, or those that have been holding locked tokens may resolve to money out.

The current ONDO price efficiency the place it has dropped by greater than 21% over the previous week, coupled with declining day by day energetic addresses, and unfavorable funding charges, suggests a bearish market sentiment.

The token unlock might exacerbate this, pushing the price additional down if a big portion of those tokens are bought off instantly.

Nonetheless, the response to the unlock isn’t solely depending on the speedy sell-off. If Ondo can reveal robust fundamentals, maybe by undertaking updates or partnerships, it’d mitigate a few of the unfavorable impacts. But, the speedy aftermath may nonetheless see a dip because of the elevated provide.

iDEGEN presale may very well be a extra steady funding alternative

As ONDO faces its challenges, the crypto neighborhood’s eyes are additionally on iDEGEN, a novel AI-powered token that’s about to make its alternate debut.

iDEGEN has already stirred pleasure with its community-driven studying mannequin and a dynamic presale that adjusts price based mostly on the variety of purchases. This has not solely raised important funds but additionally constructed a story round neighborhood participation. The iDEGEN AI is designed to evolve relying on tweets from the neighborhood on X (previously Twitter).

iDEGEN’s itemizing in January might divert some consideration from ONDO. With the crypto market usually influenced by hype and FOMO, the novel strategy of iDEGEN may draw funding away from different tokens, together with ONDO, particularly if the neighborhood sees extra potential in iDEGEN’s long-term narrative.

Nonetheless, it’s not all about competitors. The joy round iDEGEN might additionally inject total enthusiasm into the crypto market, probably benefiting all tokens if the market sentiment improves.

Whereas the Ondo token unlock appears poised to introduce short-term bearish stress, the broader market dynamics, together with the affect of iDEGEN’s alternate itemizing, will play an important function.

As traders watch how Ondo’s neighborhood and builders handle the upcoming token unlock, they need to additionally regulate how the market reacts to iDEGEN’s entry into the mainstream buying and selling platforms.