Bitcoin (BTC), Ethereum (ETH), and XRP are leading a significant recovery in the crypto market. After experiencing turbulence over the past few days, digital assets are regaining momentum.
Alongside this resurgence, the iDEGEN token presale is attracting attention, with strong investor demand ahead of its upcoming exchange debut.
Crypto Market Sees a Broad Recovery
Global crypto market cap reached $3.52 trillion, reflecting a 4.32% increase, in the past 24 hours. The total trading volume surged to $167.87 billion, a 22.43% rise. The renewed bullish sentiment follows a sharp dip that unsettled investors but is now showing signs of stabilization.
The market leader, Bitcoin, reclaimed the $102,000 mark during intraday trading. Over the past 24 hours, BTC surged by nearly 4% to trade at $102,669. The coin recorded a low of $98,272 and a high of $103,359.17. Bitcoin’s market dominance remains at 58%, signalling its continued influence over market trends.
Analysts predict a retest of its all-time high of $109,114 if the BTC maintains its rally. Prominent crypto expert Ali Martinez suggests that Bitcoin could soar as high as $211,000 during this bull cycle. This optimistic outlook aligns with historical price movements, fueling speculation among investors.
Ethereum and XRP Follow Bitcoin’s Lead
Ethereum (ETH) is also experiencing a positive shift. The second-largest cryptocurrency gained nearly 4% in value, reaching $3,210. Although ETH dipped by 2% earlier in the week, it has since rebounded, showing strength amid the crypto market recovery.
Ethereum could surpass the $3,500 resistance level if the bullish momentum persists, further driving the overall crypto market growth.
XRP, the popular altcoin, has recorded an impressive 10% surge in the past 24 hours. The token is now trading above $3, a milestone that has drawn attention from market analysts. XRP’s trading volume increased by 40% to $12 billion, signalling heightened investor activity.
Data from Ali Martinez highlights that whales accumulated over 120 million XRP tokens during the recent market downturn, reinforcing confidence in the asset’s upward trajectory.
iDEGEN Token Presale Gains Traction
Amid the crypto market recovery, iDEGEN is emerging as a notable player in the AI-driven meme coin sector. The presale has raised over $18 million in its presale, positioning itself as one of the most hyped projects of this cycle. With its exchange debut set for February 27, interest in iDEGEN continues to grow.
iDEGEN operates as an AI-powered agent, learning from social media interactions, memes, and user engagement. The platform recently introduced V2 and V3 updates, extending its reach to Telegram and AI-generated video content.
These enhancements will allow iDEGEN to integrate with YouTube, Instagram, TikTok, and RedNote, a rising social media platform.
As the presale countdown nears its last stretch, investors are closely watching iDEGEN. The current token price is $0.0146, with over 1.57 billion tokens sold. The project has attracted more than 21,680 holders, generating over 1.44 million impressions.
With a 13,173% return rate, the enthusiasm surrounding iDEGEN highlights its potential impact on the growing crypto market.
As BTC, ETH, and XRP continue their upward momentum, investor sentiment remains optimistic. The broader crypto market recovery and innovative projects like iDEGEN signal a promising outlook for the cryptocurrency industry in the weeks ahead.
READ MORE: Synth Subnet Launches on Bittensor, Aiming to Predict Crypto Prices
