Key recommendations
- Ether rose more than 3% in the past 24 hours, approaching the $3,500 level.
- The iDEGEN pre-market sale officially surpassed $8 million after selling nearly 1.1 billion tokens.
Ether heads toward $3,500 as altcoins show signs of recovery
Ether, the second-largest cryptocurrency by market capitalization, gained around 3% over the last 24 hours. This positive movement helped push its price up to the $3,400 area after a weak performance over the weekend. At the time of writing, Ether’s price is $3,407 per coin.
The rally comes while Bitcoin struggles; BTC fell about 1% and remains trading below $95,000 per coin. Major altcoins including BNB, XRP, Chainlink, Hedera (HBAR) and SUI are also showing strong signs of recovery after the recent market pullback.
What is iDEGEN?
With Bitcoin pausing, altcoins are staging a notable comeback, prompting some investors to shift focus to alternative tokens as the next altcoin season approaches.
iDEGEN aims to be among the best-performing altcoins by combining AI capabilities with the memecoin model. iDEGEN is a meme-driven project that leverages artificial intelligence to pursue the goal of creating the next billion-dollar memecoin.
The project is built as a learning tool that evolves and adapts using community interactions on X. While AI powers the system, the community of degens ultimately trains and shapes the tool.
Memecoins have seen mass adoption in recent years, forming an ecosystem worth roughly $45 billion. Given their growing role in the crypto landscape, memecoins could see further growth during the upcoming altcoin season.
iDEGEN positions itself as a memecoin designed to accelerate that ecosystem. The iDEGEN tool operates simply: users feed data through tweets, tags and comments. The system ingests these posts into its knowledge base to learn from them. It also posts to X every 60 minutes and can generate and publish memes automatically.
Read more about the project here.
iDEGEN pre-sale tops $8.5 million
The iDEGEN pre-market sale continues to attract capital as more investors commit funds. Over recent weeks, the project has raised $8.59 million by selling nearly 1.1 billion IDGN tokens.
The team adopted a dynamic pre-sale auction model to reward early participants. Under this approach, the token price adjusts every five minutes based on market activity.
Specifically, the price remains unchanged if a single investor buys IDGN tokens within a five-minute window. If purchases occur consecutively within that period, the price increases by 5%. Conversely, if no purchases are made in five minutes, the price declines by 5%.
The pre-market auction is scheduled to end on January 1, 2025. After that date the token will be listed on crypto exchanges.
Is it too late to invest in iDEGEN?
The iDEGEN pre-market auction will close in the coming days. More than $8.5 million has already been raised, and the $IDGN token has risen over 500% in recent weeks. Its value could increase further once the token is listed on exchanges.
iDEGEN is scheduled to launch on January 1, 2025, and may become one of the standout projects of the year. Early investors could benefit from substantial gains thanks to the project’s combination of AI integration and memecoin appeal.
As a blockchain project, iDEGEN emphasizes transparency. The iDEGEN website provides a live pre-listing price so investors can monitor token progress ahead of its exchange debut.