The AI cryptocurrency market has witnessed exciting developments recently, with NEAR Protocol (NEAR) and iDEGEN (IDGN) capturing the spotlight.
NEAR’s price surge has fueled bullish optimism, while iDEGEN’s innovative presale model has drawn attention to its unique approach to combining AI with blockchain technology.
NEAR Protocol (NEAR) price surges: Bulls eye $9
NEAR Protocol (NEAR) has demonstrated remarkable upward momentum, breaking free from a prolonged downtrend and reigniting interest among traders and investors.
Earlier today, NEAR hit a high of $7.15 before pulling back to around $6.97 at press time, representing a 20.2% surge over the past week.
The current NEAR price rally follows a critical breakout from a descending channel in late October, a pattern that had suppressed NEAR’s growth since May 2023.
The breakout was pivotal, pushing NEAR from below $5 to surpass key resistance levels at $5.50 and $6.00.
With the $6.00–$6.50 zone now acting as a solid support, NEAR bulls target resistance between $7.50 and $8.00, aiming for the psychological $9 milestone if bullish momentum persists.
Despite the minor pullback to $6.97 following a peak near $7.15, NEAR remains in an uptrend, with higher highs and higher lows suggesting continued potential for growth.
Technical indicators support this view, with the Relative Strength Index (RSI) at 58.47, indicating room for a renewed rally. Meanwhile, the MACD remains in bullish territory, reinforcing positive sentiment.
On-chain data aligns with this optimism. The NEAR exchange outflows over the past week stood at $51.41 million suggesting accumulation of NEAR tokens. When holders withdraw tokens, they reduce the selling pressure giving bulls an upper hand.
Additionally, the NEAR Futures Open Interest is on the rise reflecting strong market participation, signalling that NEAR remains a focal point for traders.
iDEGEN presale surpasses $1 million as exchange listing approaches
While NEAR Protocol advances on the trading charts, iDEGEN is revolutionizing the crypto space through its AI-driven, community-powered approach.
Positioned as a “sentient, degenerate memelord,” iDEGEN merges blockchain technology with dynamic AI learning, reflecting the chaotic yet vibrant spirit of the crypto community.
Unlike conventional AI systems operating within predefined parameters, iDEGEN evolves unpredictably, shaped entirely by user interactions on X (formerly Twitter). iDEGEN makes hourly posts on X and every mention, comment, or tag feeds into its learning model, allowing it to adapt and grow based on real-time community engagement.
The project is currently in the presale phase of its native token, $IDGN, utilizing a dynamic pricing auction system that mimics the volatility of the crypto market. This innovative model adjusts the token price every five minutes. If a purchase is made within five minutes, the price remains the same in the next five minutes while consecutive purchases within a session result in a 5% increase in the next session. However, inactivity leads to a 5% decrease.
Since its presale launch on November 26, 2024, iDEGEN has raised over $1 million, with more than 350 million tokens sold.
The presale will run until January 1, 2025, and once the presale concludes, $IDGN will list on major exchanges at a price 10% higher than the final presale price, offering investors significant returns.
