Cryptocurrencies pared most of their weekly gains as markets rose ahead of President Donald Trump’s inauguration, but analysts remain optimistic about potential upside breakouts for Bitcoin (BTC) and select altcoins.
Over the past 24 hours, BTC pulled back toward support just above $100,000, while Solana held above $230 after a double-digit decline. What do these moves in BTC and SOL suggest for IDGN—the token of AI-agent crypto project iDEGEN—which raised more than $17.4 million during its presale?
Bitcoin and Solana Dip After Trump’s Inauguration
On January 20, when Donald Trump was inaugurated as the 47th U.S. president, Bitcoin briefly reached an all-time high near $109,000. Yet compared with the meteoric gains seen in Trump-related meme coins, Bitcoin’s move was modest.
Memecoins OFFICIAL TRUMP (TRUMP) and Official Melania (MELANIA) surged aggressively, quickly entering the top 100 crypto projects by market capitalization. Despite bullish expectations, both tokens crashed within 24 hours; at the time of writing, TRUMP had fallen more than 30%.
One factor pressuring most altcoins was that President Trump did not mention cryptocurrency during his inauguration speech, contributing to declines across the market. Bitcoin retraced much of its recent gains and touched a low of $100,101. SOL had benefited earlier from the meme-token frenzy but then lost ground as those tokens dominated trading activity.
BTC and SOL Price Outlook
Crypto analyst DonAlt has suggested that administrative actions around Bitcoin could propel BTC beyond its recent range and push it toward new highs. He notes that BTC holding above the $100,000 level despite selling pressure is an important sign of market resilience.
Another analyst points out that if buyers can push Solana above $245, SOL may resume a run toward its previous all-time high.
What Is iDEGEN?
Apart from meme coins, AI agent projects have drawn substantial attention in the crypto space in recent months.
iDEGEN launched with a pre-market auction before moving to a staged presale for its IDGN token. Both distribution methods generated significant community interest, quickly sending funds raised past the $10 million mark.
iDEGEN Price Forecast
iDEGEN operates as an AI agent experiment similar to other leading projects in the sector, but it distinguishes itself with a feature called “DEGEN Boost.” The platform promotes accessible AI agents that users can interact with and train via X (formerly Twitter). Despite facing intermittent restrictions on X, the project’s visibility and community enthusiasm appear to have grown as a result.
According to current projections shared by proponents, IDGN could reach $0.0121 in the near term and climb to $0.0133 in the subsequent presale stage. By the time iDEGEN lists on major exchanges, some forecasts place IDGN near $0.038—an increase of roughly 214% from present levels.
So far, early participants who joined the presale when iDEGEN’s token offering began have seen significant gains, with some reports citing increases as high as 10,900% from the initial price.
Where IDGN will trade after launch depends on multiple factors, including overall market conditions. The presale schedule indicated that the IDGN presale concluded on February 26, with project listing activities finishing on February 27.
For details about iDEGEN and its presale, consult the project’s official website and announcements.