iDEGEN, Solana rides on Trump meme coin and policies.
The crypto market is expected to record a major bull run in 2025 and Donald Trump's return to the Oval Office is a major bullish catalyst to watch out for in the short term. In fact, it has boosted majors like BTC and Solana while pushing more savvy investors to look for opportunities like hot meme coins. Foreign.
As the first pro-crypto president of the United States, analysts and investors expect his administration to enact good policies once he is sworn in. Indeed, he is not only a fan, but also an investor in the sector. On Friday, the current president launched a meme coin on the Solana Network. At the time of writing, it was trading at $23.08 with a market capitalization of $4.61 billion.
Based on CMC's altcoin season index, Bitcoin season is currently at 49, however, more savvy investors are leading the pack and shifting their focus to alternative coins. Top of the list is iDEGEN; A one-of-a-kind social experiment with unmatched potential.
Newly launched $TRUMP pushes Solana prices to 6-week high
SOL/USD hit a 6-week high on Saturday following the launch of Donald Trump's meme coin $TRUMP on the Solana network.
Over the years, Trump has gone from a cryptocurrency critic to the first pro-crypto US president and now the owner of a meme coin. With his inauguration scheduled for January 20, crypto enthusiasts are increasingly confident that he will foster an environment conducive for digital assets to thrive.
In fact, reports suggest that Trump may soon issue an executive order to make crypto a national priority. It's this positive sentiment that has boosted the crypto Fear and Greed Index from last week's neutral level of 50 to a greed level of 75. Binance.
Next, Bitcoin hit a one-month high on Friday, benefiting from a rally by altcoins such as Solana. A daily chart view of SOL/USD shows the formation of a bullish golden cross, indicating further gains.
With an RSI of 68, the altcoin is approaching overbought territory. Likewise, it could record a corrective rebound as the $225 and $209.90 support levels are in place. On the upside, the bulls are looking to break the resistance at $247 to repeat the high reached in November 2024 at $263.
The explosive growth of iDEGEN has the potential to sustain its virality
The crypto market is poised to record a major bull run in 2025 as pro-crypto US governance, high adaptability and strategic reserves boost the sector. As a result, savvy investors recognize that the real opportunity is still in its infancy and looking for the next big thing.
iDEGEN, a social experiment revolutionizing the AI meme coin space, is among the top projects on investors' radar. In fact, even before it hit the public shelves, it has already collected more than 17 million dollars. A growing number of meme coin enthusiasts are hoarding $IDGN tokens ahead of the February 27 listing. In fact, existing owners are sitting on huge profits with 9,900% returns.
For those looking for an inexpensive option with high return potential, iDEGEN fits the bill. In addition to harnessing the power of artificial intelligence, it has no limits and relies solely on the community to learn and practice. This is the trifactor that went viral with over 1400 IDGN tokens already sold.
With Trump returning to the Oval Office, the opportunity to jump on this bandwagon is undeniable. Fartcoin and ai16z, AI meme coins that launched in October 2024, have surpassed $1 billion in market capitalization. With high capacity, iDEGEN is ready to compete with such projects in the coming months.
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Bitcoin price hits one-month high ahead of Trump's inauguration.
On Saturday, Bitcoin price continued above the psychologically important 100,000 level after falling below the 90,000 support zone earlier in the week. At the time of writing, the crypto major was trading at $104,592 as the market reacted to the Trump meme coin that started two days before the inauguration.
A look at the daily chart shows that the bullish trend continues as it continues to trade above the 20 and 50-day EMAs. However, with an RSI of 64, the crypto is approaching overbought territory.
At the current level, the bulls are trying to break the resistance at $106,145. If successful, the price of Bitcoin will repeat the all-time high achieved in mid-December 2024 as the bulls gather more momentum to hit a new record high of $110,000.
On the downside, reaching the overbought territory could trigger a corrective reversal to support at $102,090. Below that level, $98,500 will be a level to watch.
