- Ether’s price has risen more than 3% in the past 24 hours and is approaching the $3,500 mark.
- The iDEGEN pre-sale auction has officially surpassed $8 million in raised value after selling nearly 1.1 billion tokens.
Ether nears $3,500 as altcoins show signs of recovery
Ether, the second-largest cryptocurrency by market capitalization, climbed around 3% over the last 24 hours. That upward movement pushed it back above the $3,400 level following a weaker weekend. At the time of writing, Ether is trading at about $3,407 per coin. The rally comes while Bitcoin remains subdued: BTC slipped roughly 1% and is trading under $95,000 per coin. Several major altcoins—including BNB, XRP, Chainlink, Hedera (HBAR) and SUI—are displaying notable recovery signs after the recent market downturn.
What is iDEGEN?
With Bitcoin in a quiet phase and altcoins showing strength, more investors may turn their attention to alternative tokens, and many commentators are forecasting the start of a renewed altcoin cycle. iDEGEN aims to become one of the better-performing altcoins by combining artificial intelligence with the memecoin ecosystem. iDEGEN is a memecoin project that leverages AI to build what it calls the next billion-dollar memecoin. The platform is designed to learn, evolve and adapt by ingesting community inputs from X (formerly Twitter). While AI powers the system, the degen community ultimately drives the tool’s direction.
Memecoins have surged in popularity in recent years and now represent a multi-billion-dollar ecosystem. As that sector grows within the broader crypto landscape, memecoins could rally strongly in a renewed altcoin cycle—an environment iDEGEN seeks to capitalize on by launching as a memecoin.
iDEGEN’s mechanism is straightforward: users feed content into the tool via tweets, tags and comments. The system absorbs those messages into its knowledge base and learns from them. Additionally, the tool posts to X every 60 minutes and can generate and distribute memes automatically based on its learned inputs.
iDEGEN pre-sale tops $8.5 million
The iDEGEN pre-market auction continues to attract funding as more investors participate. In recent weeks the project has raised $8.59 million and sold nearly 1.1 billion IDGN tokens. The team adopted a pre-market auction model to allow early buyers the potential for notable gains: prices adjust every five minutes in response to market activity.
Under this approach, the listing price remains stable for the next interval if an investor purchases IDGN tokens worth $1 within a five-minute window. If purchases occur consecutively within intervals, the price increases by 5%. Conversely, if no tokens are bought during a five-minute period, the price drops by 5%.
The pre-sale auction will run until January 1, 2025, after which the token is scheduled to be listed on cryptocurrency exchanges.
Is it too late to invest in iDEGEN?
The iDEGEN pre-market auction closes in a matter of days and has so far raised more than $8.5 million. The IDGN token has seen significant momentum, rising more than 500% in recent weeks, and could move higher upon exchange listings. iDEGEN is slated for launch on January 1, 2025, and could become one of the year’s top-performing projects if its AI-memecoin combination gains traction.
As a blockchain project, iDEGEN emphasizes transparency: its website provides a real-time pre-listing price feed, allowing investors to monitor token progress closely before it goes live on trading platforms. Investors should, however, perform their own due diligence and consider the risks inherent to speculative crypto investments.