As Bitcoin (BTC) edges toward $110,000, fueled by market optimism over potential US strategic reserves, the broader cryptocurrency market is buzzing with excitement ahead of Donald Trump’s inauguration in January 2025.
Among the cryptocurrency projects attracting attention are iDEGEN, a revolutionary AI-powered crypto project, and Hyperliquid, which is revolutionizing decentralized finance (DeFi) with its innovative trading platform and meteoric rise.
Bitcoin taps $106k as Donald Trump retaliates his Strategic Reserve plan
Bitcoin has shattered previous records, recently climbing to an all-time high of $106,658 before settling at around $104,270 at press time.
Since the November 5 election, Bitcoin’s value has skyrocketed by over 50%, with a staggering 192% increase this year alone.
Notably, today’s surge follows President-elect Donald Trump’s retaliation of his plans to create a US Bitcoin strategic reserve, bolstering investor confidence.
Trump’s pro-crypto stance, including nominating blockchain advocate Paul Atkins to lead the Securities and Exchange Commission, has fueled expectations of a favourable regulatory environment.
As the cryptocurrency market’s total value approaches $3.8 trillion, analysts predict Bitcoin could soon breach $110,000. However, despite the enthusiasm, some experts caution that implementing a Bitcoin strategic reserve may face significant challenges, delaying its realization.
Hyperliquid (HYPE) price soars 113% amid Hyperliquid’s EVM launch
Hyperliquid, a cutting-edge Layer 1 blockchain, is transforming the DeFi landscape with its low-slippage, high-speed trading platform. Launched in early 2023, Hyperliquid has captured over 50% of the trading volume in the perpetual decentralized exchange (DEX) market, solidifying its position as a dominant player.
The project’s native token, HYPE, recently reached an all-time high of $27.19, reflecting a 730% increase since its $1.9 billion airdrop in November 2024. Over the past week, the token has gained over 113%.
With a market capitalization of $8.9 billion, HYPE’s rise signals growing confidence in Hyperliquid’s innovative approach. Unlike traditional Automated Market Makers (AMMs), Hyperliquid utilizes a decentralized orderbook model, offering traders a seamless, transparent experience with reduced slippage.
The upcoming launch of Hyperliquid’s Ethereum Virtual Machine (EVM) is set to expand its ecosystem further, enabling lending, borrowing, and staking functionalities. This strategic move will enhance the utility of the HYPE token while attracting a broader user base and increased capital inflows.
Hyperliquid’s commitment to community ownership, with 76.2% of its total token supply reserved for emissions and airdrops, highlights its grassroots ethos.
As Hyperliquid ascends to prominence, it is redefining what’s possible in DeFi and challenging both centralized and decentralized competitors and its native token is expected to explode in 2025.
iDEGEN goes wild amid its dynamic presale pricing model
iDEGEN, an AI-powered crypto project, is captivating the community with its unique premise: a “sentient” memelord AI that evolves based on interactions with users.
Designed to learn from unfiltered community input, iDEGEN tweets every hour, absorbing and integrating the chaos of the internet into its knowledge base. This unpredictable evolution, shaped entirely by its user base, has made iDEGEN a viral sensation in the crypto world.
The project’s $IDGN token presale, launched on November 26, has further amplified its appeal. Utilizing a dynamic auction system, the presale’s price adjusts in real time based on market activity within intervals of five minutes.
If a single purchase is made in five minutes, the price in the next interval remains unchanged. However, if subsequent purchases are made, the price increases by 5% in the next interval, and in the event no purchase is made within five minutes, the price drops by 5% in the next interval.
iDEGEN’s allure lies not only in its novel AI-driven approach but also in its emphasis on community ownership. Supporters feel a sense of participation in “raising” the AI and shaping its personality. As the project gains momentum, it’s poised to disrupt the crypto space, blending the worlds of artificial intelligence, memes, and decentralized finance into a groundbreaking experiment.
To date, over 1 billion $IDGN tokens have been sold, raising more than $5.3 million. The token is set to list on major exchanges at the start of 2025, with a final listing price 10% higher than the presale’s closing price.
