Bitcoin and Ethereum are witnessing corrections as bullish sentiment weakens. While these giants struggle, new opportunities are emerging in the market. One standout project, iDEGEN, has captured attention with its unique presale model, raising over $20 million. With its presale ending on February 26, 2025, iDEGEN could be positioned for a significant breakout.
Bitcoin and Ethereum: Declining Momentum in a Changing Market
Bitcoin is trading at around $98k, reflecting a 5% decline over the past week. The cryptocurrency has been unable to reclaim the $100,000 mark, which it lost in early February. Market activity has slowed, with Bitcoin’s trading volume and market capitalization decreasing.
Since hitting its all-time high of $109,114 on January 20, 2025, Bitcoin has dropped by 10.62%. If the bear gains more momentum, the BTC price could fall to the $95k support level.
Source: TradingView
Ethereum is also facing challenges, with its price hovering at approximately $2,688. It has recorded a decline of 18% in the past week and 20% over the past month. Ethereum’s market cap, which once peaked at $425 billion, has now fallen to $300 billion, indicating reduced market strength.
iDEGEN The Rising Presale
While Bitcoin and Ethereum undergo corrections, iDEGEN has emerged as a trending project in the AI and meme coin space. The AI-powered token has gained traction on social media, with a presale already raising over $20 million. The project has attracted attention due to its unconventional approach, which is an AI model trained solely on the interactions of crypto traders, meme creators, and market speculators.
Launched in late November, iDEGEN has grown into a widely followed entity across platforms like X and Telegram. The AI agent continuously learns from user interactions, posting memes, conspiracy theories, and market insights. This dynamic engagement has fueled its growing popularity.
Presale Success and Upcoming Exchange Listings
The iDEGEN presale began at a fixed price of $0.01 and has since surged to $0.0214. The model compensates early auction investors for price differences, ensuring fairness in the process. As of now, 1,686 million tokens have been sold, with 23,658 holders participating in the presale. With less than 18 days remaining until the presale concludes on February 26, anticipation is growing for its exchange debut.
Unlike traditional meme coins, iDEGEN integrates AI to enhance user engagement. The AI model absorbs discussions, trading tips, and social media trends, adapting in real-time. Future updates will extend iDEGEN’s reach beyond X and Telegram, introducing interactions on TikTok and Instagram.
The Evolution of iDEGEN and Future Upgrades
The project has continued to evolve, with the recent V2 upgrade solidifying its presence in the crypto space. The upcoming V3 upgrade is set to take iDEGEN to the next level by incorporating video content. By integrating video capabilities on RedNote, iDEGEN aims to boost engagement further. The move aligns with the broader trend of short-form video content dominating social media, enhancing the project’s visibility.
As Bitcoin and Ethereum navigate corrections, iDEGEN has positioned itself as a rising contender in the AI and meme coin sectors. With the presale nearing its end and a major exchange listing on the horizon, the project could be on the verge of a breakout moment.
Related: XRP Price Struggles as iDEGEN Presale Gains Momentum
