Key takeaways
- Ether has increased more than 3% in value in the last 24 hours, approaching the $3,500 mark.
- The iDEGEN pre-market auction has officially surpassed $8 million after selling nearly 1.1 billion tokens.
Ether eyes $3,500 as altcoins show signs of recovery
Ether, the second-largest cryptocurrency by market cap, is up 3% in the last 24 hours. The positive performance allowed it to hit the $3,400 mark after underperforming over the weekend. At press time, the price of Ether stands at $3,407 per coin.
The rally comes as Bitcoin continues to underperform. BTC is down 1% and is still trading below $95k per coin. Other major altcoins, including BNB, XRP, Chainlink, Hedera (HBAR), and SUI, show strong signs of recovery following the market’s recent slump.
What is iDEGEN?
Bitcoin is currently in a lull, with altcoins showing signs of strong recovery. This could see more investors shift their attention to altcoins as many predict the start of the altcoin season.
iDEGEN could become one of the best-performing altcoins thanks to its merger of the AI and memecoin ecosystems. iDEGEN is a meme project that leverages the benefits of AI in a bid to create the next billion-dollar memecoin.
It is a tool designed to learn, evolve, and adapt by leveraging community feeds on X. While iDEGEN is powered by AI, degens ultimately raise the tool.
Memecoins have gained massive adoption in recent years and have become a $45 billion ecosystem. With its growing importance in the crypto space, meme coins could rally higher in the coming altcoin season.
iDEGEN is launching as a memecoin to leverage the growth of this ecosystem. The iDEGEN tool has a simple working mechanism. Users feed the tool their data through tweets, tags, and comments. It absorbs the post and adds it to its knowledge base; that’s how it learns. Furthermore, the tool posts on X every 60 minutes and can generate and post memes.
Read more about the project here.
iDEGEN’s presale surpasses $8.5 million
The iDEGEN pre-market auction continues to attract more funding as more investors open their wallets. Over the last few weeks, the project has raised $8.59 million, selling nearly 1.1 billion $IDGN tokens.
The team adopted a pre-market auction method to enable early investors to record excellent gains. Using this method, the price adjusts every five minutes based on market activity.
They explained that the price will remain steady for the next period if an investor purchases $IDGN tokens within five minutes. However, if purchases occur consecutively, the price will rise by 5%. Finally, if no one buys the tokens within five minutes, the price will drop by 5%.
The pre-market auction will end on January 1, 2025. The token will then be listed on crypto exchanges.
Is it too late to invest in the iDEGEN project?
The iDEGEN
