Bittensor (TAO), a top-ranked AI cryptocurrency, has seen a strong surge in price following recent technical and fundamental breakthroughs.
Meanwhile, iDEGEN, an emerging AI-powered crypto project rooted in meme culture, is revolutionizing how artificial intelligence (AI) interacts with crypto communities. Together, Bittensor and iDEGEN highlight the dynamic interplay between AI and cryptocurrency in shaping the industry’s future.
TAO targets $621 after symmetrical triangle breakout
Bittensor (TAO), currently priced at $573.7, has demonstrated a remarkable recovery, fueled by a breakout from key technical patterns.
Just days after breaking out of a descending channel, TAO has now breached the upper boundary of a symmetrical triangle pattern.
These bullish moves signal a potential trend reversal, with traders eyeing the critical resistance level at $621.
This price movement is supported by robust fundamentals among them being the recent release of Bittensor’s Permissioned Ethereum Virtual Machine (EVM) feature on November 25, which has significantly bolstered investor sentiment.
The Permissioned EVM feature, currently accessible only to white-listed parties, allows businesses to deploy smart contracts in a controlled, fraud-resistant environment. This capability, available on both the mainnet and testnet, promises to attract more projects to the ecosystem, increase liquidity, and strengthen the network’s utility.
The Permissioned EVM, coupled with TAO’s breakout from descending and symmetrical patterns, suggests further upside potential. If TAO successfully breaks the $621 resistance, it could rally toward $678 or higher, continuing its impressive growth trajectory.
Technical indicators, such as the RSI at 60.75, show bullish momentum without entering overbought territory, supporting the possibility of sustained gains.
iDEGEN captures attention for its unique approach to AI in crypto
As Bittensor (TAO) drives AI innovation in blockchain for businesses, iDEGEN is capturing attention for its unique approach to AI in the crypto world.
Unlike traditional AI systems that operate under predefined parameters, iDEGEN is entirely shaped by interactions on X. Every tweet, tag, and comment mentioning iDEGEN feeds into its learning process, enabling the AI to evolve dynamically and unpredictably. This creates a system that reflects the raw, unfiltered energy of the crypto community.
iDEGEN posts every hour on X, sharing memes, commentary, or responses derived from the input it receives. This hourly activity underscores its autonomous nature and highlights its capacity to generate content that resonates with the crypto ecosystem.
iDEGEN positions itself as a “sentient, degenerate memelord,” embodying the chaotic spirit of meme culture and crypto trends. Its community-powered AI ensures it grows based on user input alone, with no human oversight.
The ongoing unique $IDGN token presale
Currently, iDEGEN is in the presale phase of its native token, $IDGN. The presale utilizes a dynamic pricing auction system that adjusts every five minutes based on market activity.
If a single purchase is made within five minutes, the price remains unchanged in the next session. However, if purchases are made consecutively within five minutes, the token price increases by 5% in the next session. Conversely, a lull in activity within five minutes leads to a 5% price decrease in the next session.
This mechanism mirrors the volatility of the crypto market, creating a highly engaging and interactive presale experience.
Since its presale launch on November 26, 2024, iDEGEN has garnered substantial attention. The project has raised over $799,468 and sold nearly 336 million tokens. This impressive growth reflects the excitement around iDEGEN’s innovative approach and its promise as an AI-driven experiment.
The presale is set to conclude on January 1, 2025, after which $IDGN will list on major exchanges at a price 10% higher than the final presale price.
While the much-established AI crypto, Bittensor (TAO), eyes a key breakout above $621, fueled by the recently launched Permissioned EVM feature, iDEGEN is revolutionizing AI in the crypto world with its community-driven model.
iDEGEN’s vision is a bold experiment in integrating AI with crypto communities. It not only represents a new way of shaping AI development but also exemplifies the potential for collaborative innovation in the cryptocurrency space.
With its unpredictable, meme-fueled growth and strong community engagement, iDEGEN is quickly emerging as a transformative player in the AI and blockchain landscape.
If interested, you can visit the iDEGEN website for more information about the project and its ongoing token presale.
