Donald Trump’s selection of Paul Atkins as the next SEC chair has sparked optimism in the cryptocurrency market. With expectations of less restrictive regulations, the crypto market has seen renewed confidence, fueling growth in altcoins like IOTA, iDEGEN, and Tron.
Known for his pro-crypto stance and libertarian views, Atkins is expected to bring clearer regulations, which have been lacking under the current leadership of Gary Gensler, who is set to step down on January 20.
Notably, Paul Atkins’ pick aligns with Trump’s campaign promise to create a more crypto-friendly environment in the US, aiming to make the country a global leader in digital finance.
Promising under $1 altcoins to buy before they explode
Here are the top three altcoins, currently valued under $1, that investors could invest in before they surge past $1 buoyed by the optimism caused by the re-election of Donald Trump and his SEC pick.
IOTA: Recently surged to its highest price since 2022 amid the Rebased upgrade vote
IOTA recently experienced a massive surge reaching $0.6300, its highest price since May 2022. The surge was fueled by the opening of the ongoing vote to upgrade the IOTA mainnet to the Rebased protocol, which is expected to bring key improvements, including staking rewards, smart contracts, and full decentralization.
The Rebased upgrade will introduce a staking mechanism with a target inflation rate of 6-7%, further incentivizing token holders.
According to an earlier price analysis, after crossing the key resistance at $0.4197, IOTA now eyes $0.7500. However, investors should be wary of a possible retracement seeing that the 14-day RSI indicator has entered the overbought region.
If the Rebase upgrade is approved, its decentralized features and innovative approach to blockchain technology could make it a key player in the future of digital finance, especially with the anticipated regulatory clarity from Trump’s SEC pick. This would result in a massive price surge for IOTA that could potentially push it above $1.
iDEGEN (IDGN): The best ongoing crypto presale that has raised over $2m in a week
iDEGEN is a unique entry in the altcoin space, combining artificial intelligence with the chaotic world of cryptocurrency and memes.
Powered by AI, iDEGEN learns and evolves based on the interactions it receives on X, where every tweet and interaction contributes to its AI’s growth.
Unlike traditional projects, iDEGEN has no predetermined path; its evolution is shaped by the community. The more it is mentioned and engaged with on X, the more its personality and responses develop, driven entirely by the input of the crypto community.
iDEGEN operates in a way that mimics a newborn AI, curious and reactive, as it absorbs data and processes the diverse, unfiltered energy of the internet. Every hour, iDEGEN must post, whether it’s a meme, a comment, or a response, allowing it to stay active and continuously learn.
This unpredictability in its behaviour creates an exciting and dynamic experience for the community, as no one knows exactly where iDEGEN’s growth will lead.
At the moment, iDEGEN is in the midst of the presale of its native token $IDGN, which uses a dynamic auction system to adjust token prices based on market activity. The price of $IDGN in the presale varies depending on how it is purchased. If a single purchase is made within five minutes, the price remains unchanged in the next five minutes. However, if more than one purchases are made within the five minutes, the price rises by 5% in the next five minutes. Conversely, if no purchase is made, the price drops by 5%.
This real-time price movement keeps the presale thrilling, with over $2.1 million raised and about 400 million $IDGN tokens sold so far.
With the presale, which began on November 26, 2024, running until December 31, 2024, and a listing date set for January 1, 2025, iDEGEN is poised to make a big splash in the crypto world, attracting both meme coin enthusiasts and those intrigued by AI-powered crypto projects.
Tron (TRX): Recently hit a new all-time high after a 120% weekly surge
Tron (TRX) has experienced a remarkable rally, hitting a new all-time high (ATH) of $0.4503 after a 120.64% price spike in a week.
This surge marks the first time Tron has surpassed its previous ATH from June 2018, driven by a combination of whale activity, market sentiment, and a bullish outlook on its future.
The price surge is also fueled by comments from Tron’s founder, Justin Sun, who has hinted at the integration of Ripple’s RLUSD on Tron.
Given the strong market momentum and the potential for continued growth, TRON is an excellent altcoin under $1 for investors looking to capitalize on the ongoing rally and the possibility of further price gains.
