Bitcoin and XRP prices remain stable as iDEGEN fires on all cylinders.
This week has been exciting for crypto enthusiasts as Trump's presidency has been at the center of the developments. The hype surrounding the US First Family of PolitiFi Tokens and increasing bullish market sentiment sent Bitcoin prices to record highs on Monday.
However, BTC/USD and other cryptos have pulled back as interest in PolitiFi tokens fades and market volatility decreases. Even so, Foreign It remains stable. In particular, the project's resilience depends on its appeal beyond virality. The AI meme has great potential to change the coin space and the broader crypto market.
As the interest in PolitiFi tokens decreases, the price of Bitcoin will go back
Last week on Friday, the President of the United States unveiled the coin of Mame, Trump. In less than 24 hours, feverish buying among meme coin enthusiasts has pushed the crypto's market cap to over $5 billion.
Two days later, the First Lady of the United States, Melania Trump, launched the Melania Dollar. As the hype surrounding this meme coin eased, its value dropped from $2.21 billion to a market cap of $756.59 million on Monday. Furthermore, the price has decreased by 8.84% in the last 24 hours and the trading volume has decreased by 72.71% in this time frame.
Similarly, at the time of writing, $Trump had a market cap of $8.32 billion, a 40% drop in trading volume over the past 24 hours. Indeed, this is a significant decline from the $14.30 billion market cap recorded earlier in the week.
Apparently, Trump's wind pushed Bitcoin To a new all-time high of $109,026.02 is not strong enough to hold there. At the time of this issue, the bulls tried to break the resistance around $106,500, while the crypto main was at $104,969.82.
In the short term, BTC/USD continues to find support at $102,090 as crypto-friendly US administration reinforces bullish sentiment. With more buyers riding the wave, the bulls could gather enough strength to break the resistance at $106,500 towards the next target of $108,080. On the upside, a corrective reversal above the current trading range could find support at $99,700.
The wave sweeping new meme coins leaves iDEGEN untouched.
The highly volatile $Trump and $Melania coins remain subject to the usual wave of pump and dump in the absence of a new stimulus. In fact, the signs are getting stronger as meme coin fans watch the recent swearing-in ceremony.
As the dust settles, crypto majors and meme coins alike are recording correction cycles. For example, Solana, which has been heavily leveraged on $Trump's work, is down from a new all-time high of $262.53 on Sunday, from $295.83 at the time of this press release. Similarly, DOGE/USD fell from a 6-week high reached at $0.4350 to $0.3627 on Saturday.
In the midst of this storm, iDEGEN continues to grow. A few months before listing, the project raised more than $17.65 million in pre-sale auctions. Also, about two months after launch, the price of Tok increased from $0.0001 to $0.0133.
In particular, the pricing model is one of the aspects that continues to appeal to everyday investors and financially motivated individuals. In most cases, developers come up with arbitrary figures that do not match the value or need of the project.
In contrast, the value of the $IDGN token operates on the principle of transparency. During the initial phase of the auction, a dynamic pricing model ensured that the token's price moved along with demand.
The project moved from a pre-specified to a phased-in model on February 27. The team confirmed this move on X,
“While the dynamic bidding is welcome, we have heard your feedback, and know that some of you believe that price gouging and bad actors are increasing the price of small SOL purchases. The price manipulation is believed to be aimed at making the listed price as high as possible. To fix this, we're making things easier for everyone to track pre-sales and make better decisions.
The move proves that iDEGEN is serious about transforming the AI meme coin space without alienating the community in the process. It is this reliability that has drawn more than 20,000 owners to the project. With returns of nearly 12,000%, these early adopters are already sitting on high profits.
Read more about how to buy iDEGEN token.
Ripple's price remains above $3 on investor confidence
Ripple price Chart by TradingView
The price of Ripple has been trading above the $3 critical level since the beginning of the week. The rally was fueled by the inauguration of a pro-Crito president of the United States and rising investor confidence.
President Trump, who has grown to become a crypto supporter and investor, is expected to create and maintain an environment where digital assets can thrive. In fact, two days after returning to the Oval Office, he is already lowering regulatory barriers.
SEC Commissioner Mark Uyeda launched a crypto task force aimed at developing a clear and detailed regulatory framework for cryptocurrencies. This approach is different from the Biden administration, which includes “anti-crypto” SEC Chairman Gary Gensler.
Ripple's price is set to continue rising on the back of heightened investor confidence, given that it has been burdened by regulatory struggles under the previous government. In the short term, a range between $2.82 and $3.40 would be worth watching.
