Ethereum remains on track to be worth a billion dollars according to iDEGEN
A bullish pattern indicates that the price of Ethereum has recovered
From then on, the road was rough for the Bulls. Ethereum It hit a new three-year high in mid-December last year. Since then, gains over the past two weeks have fallen over 20% in the current week.
Still, the bulls remain in control as the support level at $3,200 remains intact. Indeed, a look at his weekly chart shows a resurgence. To begin with, Ethereum price continues to trade above the 20 and 50-day EMAs.
Furthermore, the formation of a bullish inverted head and shoulders pattern indicates that ETH/USD has completed a short-term bottom. In the near term, the altcoin could trade between $3,200 and $3,850 as the bulls gather enough momentum to test the psychological critical zone of $4,000.
Ethereum Price Chart: Source: Trading view
iDEGEN: The AI wave every savvy investor should ride
The creators of iDEGEN were eager to come up with a project for the community, for the community. However, even they could not imagine the extent of it.
In the year Since its launch in late November 2024, the one-of-a-kind social experiment has relied on Crypto Twitter to learn, adapt and generate tweets every 60 minutes. It is this aggressive and active community that has caused the project to go viral, selling more than $1.3 billion in IDGN tokens.
Indeed, no one could have predicted how far iDEGEN would reach in less than 7 weeks since its launch. His progress was so intense that X recently banned him from the stage for “violent speech”.
However, with an extremely active population that has adopted the project as their own, even the ban cannot stop this AI evolution. In fact, it increased virality; As written, the project has raised more than $16 million.
Astute investors realize that they cannot afford to lock in this type of income. In less than 7 weeks, the returns are over 72,000%. This means that early adopters are already sitting on huge profits when the token is ready to hit the public shelves. Additionally, with AI meme coins like ai16z and Fartcoin setting the stage, iDEGEN is poised to become a top token with a market cap of over $1 billion. You can buy it iDEGEN simulator.
Shiba Inu with the pressure of growing meme coins
within a month, Shiba Innu As savvy investors turned their attention to Mim coins, the price fell by about 35 percent. Additionally, neutral market sentiment has boosted the Bitcoin-led rally to a 9-month high for the altcoin in December 2024.
On the one hand, Shiba Inu remains one of the top meme coins with a market cap of over $12 billion. However, it has a long way to go to retest its all-time high of $0.00008616 in October 2021.
On the daily chart, the Bollinger Bands indicate a short-term range trading between $0.00002000 and $0.00002244. To further support this theory, Memcoin is trading below the 20 and 50-day EMAs as the two EMAs have formed a death cross pattern at the end of December 2024. Also, with an RSI of 43, the price movement can be very subtle. .
Shiba Inu price chart at Trading view
