Key takeaways

• XRP is up 21% in the last 24 hours, surpassing BNB to become the fifth-largest cryptocurrency by market cap.
• iDEGEN has sold over 350 million tokens in its presale, raising over $1.2 million.

XRP surges by 21% to hit $1.90

XRP, Ripple’s native coin, is the best performer amongst the top 10 cryptocurrencies by market cap in the last seven days. The coin added 22% to its value during that period and has now hit the $1.90 mark.

Thanks to its latest rally, XRP has now surpassed BNB to become the fifth-largest cryptocurrency by market cap. If the market conditions remain bullish, XRP could hit the $2 psychological mark soon. However, XRP is still down 50% from the all-time high of $3.84 it achieved seven years ago.

What is iDEGEN?

We are in the age of AI, and the crypto industry is not exempted from this revolution. While AI projects in the crypto space mostly focus on other utilities, iDEGEN focuses on another growing important sector: memecoins.

iDEGEN is a sentient degenerate AI memelord. According to the development team, iDEGEN learns, evolves, and adapts based on what the community feeds it on X. Basically, the tool is powered by AI, raised by degens.

Its entry into the memecoin ecosystem is no surprise thanks to the fast-growing nature of this ecosystem. Meme coins have a combined market cap of over $45 bllion and are expected to grow larger in the coming months and years. 

Unlike traditional AI models, iDEGEN evolves through interactions on X. Users feed the tool their data through tweets, tags, and comments. iDEGEN absorbs that post and adds it to its knowledge base; that’s how it learns.

The tool posts on X every 60 minutes and can generate and post memes. Everything iDEGEN posts is driven by its AI and what it learns from its community, with no human intervention.

A key aspect of iDEGEN is its community-driven approach. Memecoins are community-driven, and iDEGEN is leveraging those characteristics to become a leading AI-focused meme project in the crypto space. 

iDEGEN’s presale surpasses 350 million tokens

iDEGEN is currently in its presale as it sells its native token, $IDGN, to raise funds to finance its products and services. So far, iDEGEN has sold over 357 million $IDGN tokens, raising $1.2 million in the process.

The project has adopted an unconventional method of token sales. According to the development team, iDEGEN’s presale price adjusts every five minutes based on market activity.

If an investor purchases $IDGN tokens within five minutes, the price remains steady for the next period. However, if purchases occur consecutively, $IDGN’s price rises by 5%. Finally, if no one buys the tokens within five minutes, the price drops by 5%.

iDEGEN intends to continue the presale until January 1, 2025, before the token lists on crypto exchanges. 

Should you buy $IDGN tokens?

iDEGEN could be an interesting project in the crypto space thanks to its combination of AI and meme coins. AI tokens are trendy, and $IDGN is joining this league. Furthermore, iDEGEN will be contributing to the growth of the broader meme coin ecosystem.

$IDGN has a live pre-market listing price on its website, allowing investors to accurately track the token’s progress ahead of its launch on trading platforms. With a unique and engaging presale structure, this could be the best time to snap up $IDGN tokens before they list on major cryptocurrency exchanges.

A crypto analyst has shared a technical analysis of the XRP price in a 4-hour time frame. Currently, the XRP chart highlights distinct patterns in market behaviour, suggesting that historical price action may be repeating itself. The analyst predicts that if the cryptocurrency can successfully replicate these bullish historical patterns, it could trigger an upward surge for XRP. 

XRP Price Patterns Signal Bullish Potential

Richard, the crypto analyst on TradingView, popularly known as ‘The Signalyst,’ has declared that history is repeating itself in the XRP price chart. The analyst shared a detailed analytical report on XRP, predicting its future target while examining critical aspects of its current price action. 

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According to Richard, the XRP 4-hour chart reveals an intriguing pattern characterised by lower lows and a sharp bullish impulse. The two red arrows labeled “LL” on the price chart indicate areas where the XRP price made lower lows mid-November, signaling a correction or a trend reversal. This downward trend was quickly followed by a period of consolidation within a defined range seen in the green zone on the chart. 

After experiencing lower lows and bearish momentum, Richard pinpointed that the XRP price entered a corrective phase, stabilizing within the aforementioned green zone. Eventually, XRP broke above this green resistance range, triggering a bullish impulse that pushed the cryptocurrency to its previous price high of $1.5. 

Although the XRP price has corrected again and was trading at around $1.4 earlier this week, Richard has highlighted that the cryptocurrency seems to be repeating the above historical set-up. Its price has entered a new consolidation phase just below the $1.53 level, signaling the start of its next bullish movement.

Should the XRP price repeat this pattern and break above the $1.53 threshold, the analyst suggests that this would validate XRP’s anticipated bullish impulse position and pave the way for a potential rally toward the $2 psychological level.

Analyst Labels XRP At $1.4  A Bargain Buy

Steph, a crypto analyst on X (formerly Twitter), has called the XRP price a bargain buy at $1.4. Following its surge above $1.5 earlier this month, the XRP price witnessed a slight trend reversal, pushing it down to $1.4. 

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Steph disclosed that the $1.4 XRP price was a prime buying opportunity for investors, as a breakout to the upside was about to begin. Concerning the predicted breakout, it seems the analyst was spot on, as the XRP price is currently trading at $1.6, marking an 8.7% increase in the last 24 hours. 

While XRP continues to gain momentum, Steph predicts that the cryptocurrency could soon see an explosive increase to $50. With this bullish scenario in mind, Richard has urged investors to start buying XRP before further adoption drives its price into “the very expensive range,” between $22 and $120. 

Featured image created with Dall.E, chart from Tradingview.com

Altcoins like Solana (SOL), Dogecoin (DOGE), and Render (RENDER) are showing strong momentum as Bitcoin nears $100,000. Solana recently hit a new all-time high and continues to attract users and trading volume.

Dogecoin, with a $60 billion market cap, leads the meme coin sector and benefits from its positive correlation with Bitcoin. Meanwhile, Render is up 76% this month, driven by the rising interest in AI coins.

Solana (SOL)

SOL price reached a new all-time high on November 22 before entering a correction phase, but its momentum over the past month remains impressive, with a 38% gain. This growth slightly outpaces Bitcoin’s 35% rise over the same period.

As Bitcoin approaches the highly anticipated $100,000 milestone, Solana is well-positioned to benefit from it.

In 2024, Solana solidified itself as one of the most utilized chains, particularly favored by traders and meme coin projects.

The chain is attracting companies like Jito, Raydium, and Pumpfun, known for their record-breaking revenues, which shows its competitive edge. SOL could test new all-time highs and outpace BTC in December.

Dogecoin (DOGE)

Dogecoin has shown a strong historical positive correlation with Bitcoin, which has helped fuel its impressive 148.64% rise over the past month.

As Bitcoin approaches the $100,000 milestone, DOGE’s correlation with BTC positions it well to capitalize on the broader market’s bullish momentum.

With a $60 billion market cap, Dogecoin dominates the meme coin market, surpassing the combined valuation of the next 15 largest meme coins.

This dominance reflects its unique position as the go-to asset in that category. If the meme coin season continues to gain traction alongside Bitcoin’s rally, DOGE is likely to attract more interest and volume.

Render (RENDER)

Render has surged 76% in the last 30 days, solidifying its status as one of the most significant artificial intelligence coins in the crypto market. Even with this recent surge, RENDER is still 35.09% below its previous all-time high, reached in March 2024.

Competing closely with TAO, RENDER has been alternating between the first and second positions among AI coins. Both boast a market cap of approximately $4.55 billion.

The growing narrative around AI altcoins, driven by advancements in crypto AI agents, has created substantial momentum for the sector.

If this trend continues, RENDER stands to benefit from increased adoption and interest, potentially outpacing Bitcoin’s growth and maintaining its upward trajectory into December.