Ripple XRP, Shiba Inu, iDEGEN
Overall market sentiment among crypto investors remains positive despite some assets reporting losses and volatility. When the bulls are under control, the Shiba Inu may enter into a short but territorial trade period. On the other hand, Ripple's price is set to test its 2018 high as the news on the $RLUSD approval brings $3 into clear focus.
At the same time. Foreign Less than a month after its launch, its unique approach to social engagement and pricing remains on the radar of savvy investors. The craze for AI, social media, and meme coins has positioned the project as one of the top crypto investments in 2024 even before its launch.
Ripple's price has been supported by news on stablecoin validation
XRP reached a multi-year high of $2.90 on December 3rd as XRP attempted to gather enough momentum to hit the $3 mark for the first time since 2018. While profit-taking sentiment led it back to $1.91 on Tuesday, it has been flat ever since. It offered to trade some of its losses at $2.42 at the time of writing.
Despite the recent decline, investors remain bullish on the prospect of a rally to $3 and the recent news on the $RLUSD. On December 10, Ripple CEO Brad Garlinghouse announced the approval of Ripple's US dollar-backed stablecoin from the NYDFS. The stablecoin is expected to hit exchanges soon with its adoption expected to significantly strengthen demand for XRP.
This is in… We have final authorization from @NYDFS for $RLUSD! Exchange and partner details will go live soon – and note: when RLUSD goes live, you'll hear from @Ripple first.
— Brad Garlinghouse (@bgarlinghouse) December 10, 2024
iDEGEN is on the list of best meme coins to invest in 2024.
iDEGEN; An experiment still in the pre-sale stage, it reached millions in a few weeks. In the year Launched on November 26, 2024, the project has sold more than 938 million tokens and raised more than $4.19 million to date.
In particular, iDEGEN has adopted an interesting approach that could put it on the list of the best cryptos of 2024.
As stated on its platform, iDEGEN is “Born AI. Degen wake up” This concept works by having the AI agent post every hour on X. Then, it receives, learns and reacts to all the data fed by the crypto degens.
This AI-powered method has resulted in the kind of social engagement that has brought meme coins to the fore. Unlike other meme coins, an AI meme coin like iDEGEN is more responsive to the digital community, thus increasing its chances of virality. No wonder the $IDGN token has seen a price increase of over 2500% since its launch in less than a month.
In addition, iDEGEN works on a fair pricing model; A method that attracted more investors to the platform. In a typical presale, the coin's price rises as more investors buy a token. During an ICO, a significant number of holdings will be liquidated in order to make a simple profit.
In the case of iDEGEN, the token price changes with demand. If an investor buys some $IDGN tokens in 5 minutes, the price will remain unchanged for the next 5 minutes. However, if purchases are made in two consecutive 5-minute intervals, the price will increase by 5%. On the other hand, if 5 minutes pass without a purchase, it will be reduced by 5%.
When the auction ends on January 1, 2025, the list price will be 10% higher than the final price. This means that it will start trading on crypto exchanges with the expected value of existing token holders, thereby reducing the price drop after the ICO. You can buy it iDEGEN simulator.
A Shiba Inu may be entering a territorial trade.
Shiba Inu, the largest cat theme by market capitalization, has seen price volatility in recent sessions despite the overall market sentiment being positive. According to CoinMarketCap, the price decreased by 2.56% in the last week, and increased by 14.13% in the last 24 hours.
It ranked as the 12th most valuable crypto, falling below $0.00002500 on Monday after trading above the support zone for nearly two weeks. It has since erased some of its recent losses to trade at $0.00002921.
With an RSI of 55 and trading above the 50 and 20-day EMAs, SHIB/USD has the potential to break the resistance at $0.00003000 and test the previous week's high at $0.00003350. However, a lack of sufficient bullish momentum could result in a range-bound trade at the $0.00002823 support zone worth watching.
