Bitcoin retraces $100K, likely higher on possible Fed rate cut.
Key receivers
Bitcoin is trading above $100K and may go higher in the coming days.
iDEGEN's pre-market bid has officially reached $4 million. A lot of investors are coming in.
Bitcoin has regained the $100,000 mark
The cryptocurrency market started the week on a positive note, with Bitcoin dropping to the $93k range on Monday. However, Bitcoin rallied over 3% on Wednesday to reclaim the $100k level.
At press time, The price of Bitcoin It stands at $100,877 and may go higher in the coming days. Market analysts are expecting a Fed rate cut next week, which could create further upward movement for Bitcoin.
What is an alien?
The crypto market underwent a correction earlier this week, and the currency is now back to neutral. This indicates that investors are pushing more funds into the crypto market again.
Investors are also looking at new projects, and one is grabbing headlines Foreign. It is a project that seeks to merge the memecoin and AI ecosystems. Sensational AI is a memelord.
According to the team, the iDEGEN tool learns, adapts and adapts based on what the community feeds on X.
Considering the huge growth of memecoins in recent years, launching as memecoin is understandable. The memecoin market is worth more than $45 billion and is expected to grow even more in the coming months and years.
Users feed iDEGEN their data through tweets, tags and comments. The tool then takes that post and adds it to its knowledge base; That's how he learns. Additionally, the tool posts to X every 60 minutes and can generate and post memes.
Read more about the iDEGEN project over here.
The iDEGEN pre-auction market raised more than $4 million
The iDEGEN pre-market auction is selling fast. The group sold nearly $1 billion worth of IDGN tokens, raising $4.2 million in the process.
A pre-market auction uses an unusual method to attract more investors. The iDEGEN presale price adjusts every five minutes based on market activity. Foreign They explained that if an investor buys $IDGN tokens within five minutes, the price will remain stable for the next period. However, if purchases occur in a row, the value of $IDGN will increase by 5%. Finally, if no one buys tokens within five minutes, the price will decrease by 5%.
According to the group's white paper, the pre-market auction will continue till January 1, 2025. Once the pre-market auction ends, the $IDGN token will be listed on crypto exchanges.
Should you buy $IDGN tokens now?
The crypto market is in a bull run, and market experts expect further growth in 2025. Foreign In the year Starting on the first day of 2025, investing in the project during the pre-sale period can be a smart decision.
iDEGEN is an interesting project that combines AI and meme coins. Solana is probably one of the leading meme coin projects on the blockchain. Adopting a pre-market auction model will also ensure transparency and fairness in the token sale process. Finally, the iDEGEN Group website has a live pre-market listing price, which allows investors to track the progress of the token right before its launch on trading platforms.
