Key takeaways
- CryptoQuant predicts BTC could dip to $86k amid poor demand and declining network activity.
- The iDEGEN presale approaches $24m ahead of next week’s token listing.
BTC could dip to $86, says CryptoQuant
Bitcoin, the leading cryptocurrency by market cap, has been ranging in the past few days. At press time, the Bitcoin price is $96,908, up 1.5% in the last 24 hours. However, CryptoQuant analysts predict that downside pressure still persists risking a deeper pullback to $86,000.
According to the CryptoQuant analysts, waning demand, faltering blockchain activity, and lack of liquidity inflows to the market are the major catalysts that could drag BTC lower.
The dip to the $86k mark could serve as an opportunity for investors to buy the dip, with the market’s long-term outlook still bullish.
What is iDEGEN?
The ranging market condition hasn’t impacted funding into new projects in the crypto market. iDEGEN is a leading memecoin and AI project that has attracted millions of dollars from investors.
It is a memecoin that would offer massive utility to its users by launching several products and services. iDEGEN has already raised nearly $24 million and will use the funds to develop its products.
According to the whitepaper, the team explained that iDEGEN is a meme project that leverages the benefits of AI to create the next billion-dollar memecoin. It is an AI tool that primarily functions as such.
iDEGEN also continuously evolves and adapts by leveraging community feeds on X. While iDEGEN is powered by AI, degens ultimately raise the tool.
The native token, $IDGN, will power all the various activities within the ecosystem. $IDGN’s launch as a memecoin stems from the recent growth of the meme narrative in the crypto space. The AI and memecoin narratives were the best performers in 2024, delivering thousands of percentages in ROI to investors.
Furthermore, the $IDGN token will launch on exchanges in less than a week following a successful presale. Once it goes live, it could become one of the best-performing coins in the broader crypto market.
With the iDEGEN tool, users can feed their data through tweets, tags, and comments. The iDEGEN tool absorbs the post and adds it to its knowledge base; that’s how it learns. Furthermore, iDEGEN posts on X every 60 minutes and can generate and post memes.
iDEGEN’s presale approaches $24m
With less than a week to go before $IDGN lists on exchanges, the iDEGEN presale is fast approaching the $24 million mark. In the current stage, the $IDGN token is worth $0.0314, and its price will increase to $0.0345 in the next stage. In the final presale stage, it will be worth $0.038, giving early investors a massive ROI before the token launches on exchanges.
The presale will end in six days, with the $IDGN token to be listed on centralised and decentralised exchanges starting from 27th February.
Why buy the $IDGN token now?
With the iDEGEN presale concluding in six days, investors might think they have missed out on this project. However, buying $IDGN tokens now could be an excellent opportunity to get in early on the project.
This project and its native token could be among the best performers in the market in the coming months. The whitepaper indicates that iDEGEN offers a unique value proposition, making it an interesting memecoin.
Its native $IDGN token could gain massive adoption within the iDEGEN and broader crypto ecosystem as its tool offers an excellent use case. With a high level of adoption, early investors could earn excellent ROI once $IDGN goes live in a few days.