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Digital assets witness a bloodbath as prices slump following the US Fed’s hawkish signals.
While enthusiasts exit meme Dogecoin and PEPE, the focus has switched to iDEGEN – a crypto project born by AI and raised by crypto degens.
iDEGEN has created a buzz with its unique and dynamic pricing model, which has propelled IDGN up by over 5,484% in the past seven days.
Let us check why iDEGEN will outshine the likes of Dogecoin and PEPE and dominate crypto rallies after its January official release.
Investors lose confidence in DOGE and PEPE
Dogecoin trades at 0.3628 after losing 12% and 5% in the past week and day.
The downside saw the token approaching a vital region. Breaching this level could catalyze significant dips.
DOGE price touched 2024 peaks at $0.48 on 8 December before losing nearly 25% the following ten days.
Tuesday’s plunge saw the meme token retesting the 50-day EMA at $0.35.
Failure to keep this foothold will likely welcome more declines.
Meanwhile, investors appear dissatisfied with DOGE’s performance, with some offloading despite the losses.
For instance, Dogecoin enthusiast Slum DOGE millionaire confirmed that he reduced his stash after the altcoin’s dip to $0.35.
Sorry guys, I had to sell some #Dogecoin
That reflected faded trust in Dogecoin’s potential quick recoveries amid the ongoing bloodbath.
Moreover, the RSI in the daily timeframe has plunged beneath the neutral 50, signaling robust bearish momentum.
DOGE could extend its downside to $0.31 – a 14% dip from current prices.
PEPE has also lost strength, with the daily chart reflecting massive bearishness in its recent price actions.
Such trends have seen smart money quitting.
Nansen stats show smart money PEPE holders have plunged from 115 to 94 within two weeks.
Also, their collective balance dipped from 8 trillion in November to 7.5 trillion.
Pepe Coin exhibits significant bearishness and will likely fall further (in the near term).
Currently trading at $0.00001917, the frog-themed token hovers beneath the vital $0.00001933 foothold.
Failure to reclaim this support zone in the near term would trigger extended dips for the PEPE price.
iDEGEN attracts investor attention with massive price actions
iDEGEN establishes itself as the next big thing in the cryptocurrency world.
The project has dominated trends on X less than a month after launching, and nothing seems to stop it.
While cryptos remained indecisive in the past week as bears tightened their grip, IDGN stayed elevated.
The new altcoin gained over 6,000% within the last seven days to trade at $0.237 during this publication.
iDEGEN’s one-of-a-kind pricing model has contributed to the outperformance.
IDGN price fluctuates every five minutes, staying the same if at least a single purchase happens in a five-minute interval.
Meanwhile, the price surges 5% in the next interval if acquisitions occur in two successive intervals.
Further, the value slumps by 5% if no purchase happens in a five-minute interval.
With the continued integrations between AI and crypto, IDGN remains poised for massive gains in the upcoming months and years.
You can visit here to join iDEGEN’s bandwagon before its January 2025 official launch.
The post iDEGEN price outlook: IDGN dominates trends as PEPE and DOGE lose appeal appeared first on Invezz
