The AI meme cryptocurrency sector has expanded to a market capitalization of $2.4 billion, and iDEGEN is ready to claim its rightful place in the market. Following three months of presale, it has launched publicly with the same viral energy.
Early backers are poised to continue benefiting significantly from the initiative as the unfiltered AI entity transforms the crypto landscape. Beyond the 300,000% profits already secured, its value could potentially increase by at least 10X in the upcoming months, despite the prevailing selling pressure experienced across major cryptocurrencies.
Ripple price chart pattern suggests more selling pressure in the near term
Having traded consistently above the support level of $2.5000 over the past week, Ripple price has dropped around 16% since Monday. Like other prominent cryptocurrencies, this altcoin is facing pressure as extreme fear envelops the larger market.
Analyzing its daily chart reveals the emergence of a bearish death cross pattern, as the short-term 25-day EMA crosses below the 50-day EMA. In the short term, the range between $2.0000 and $2.3357 is crucial to monitor. For a definitive trend reversal, the bulls must muster sufficient momentum to breach the resistance level at $2.5500.
iDEGEN launches on Raydium with the same viral momentum
iDEGEN has officially launched to the public as anticipated; concluding the three-month presale period. It has debuted on Raydium, a Solana-based DEX, and is expected to also list on BitMart on March 4th.
What commenced as a blank page eager to learn from crypto degens on X has evolved into a highly popular AI cryptocurrency with the capacity to compete against other AI meme tokens such as AI16Z, Hamster Kombat, and Fartcoin.
In just three months, it has successfully raised $25 million. This achievement has been fueled by its dynamic community, timely execution, and the thriving AI cryptocurrency market. If the presale serves as an indicator, its viral momentum is predicted to deliver growth of at least 10X in the forthcoming months. At its final presale price of $0.038, early investors are already experiencing returns of up to 300,000%.
Bitcoin spot ETF faces extended outflows as tariff anxieties linger
Worries regarding the implications of Trump’s trade policies on the US economy have sparked a shift in market sentiment. The crypto fear & greed index has dropped to an extreme fear level of 10, compared to last week’s neutral value of 49.
Concurrently, Bitcoin’s value has plummeted, leading to consistent outflows from Bitcoin spot ETFs as institutional demand declines. According to SoSoValue, Bitcoin spot ETFs reported total daily outflows of $754.53 million on Wednesday. Remarkably, this trend has persisted for seven consecutive sessions.
On its daily chart, the bearish death cross pattern indicates ongoing selling pressure in the short term. At the current price, bulls aim to protect the support at $81,600. A subsequent correction may allow it to recover beyond $85,000 and face resistance at $90,000.
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