Ethereum
iDEGEN fires on all cylinders as Bitcoin, Ethereum struggle
Bulls remain in control of the broader cryptocurrency market as investors’ optimism remains pegged on crypto-friendly policy measures, heightened adoption of these digital assets, and central banks’ strategic reserves. Even so, crypto majors have largely stalled in the absence of an immediate catalyst.
Amid the pullback, meme coins and particularly AI projects have shown immense growth and indismissible opportunities. iDEGEN, a unique social experiment is one such project. Even before hitting the public shelves, it has the potential to give the likes of Fartcoin and AI16z a run for their money.
Bitcoin’s under pressure from bets on fewer rate cuts
Bitcoin price rebounded on Tuesday after testing the crucial support zone of $90,000 in the previous session. As at the time of writing, the top crypto was at $96,485 as it finds support along the 50-day EMA while hovering around the short-term 20-day EMA.
While the bulls are still in control, higher Treasury yields have prompted a sell-off of riskier assets like cryptocurrencies. On Monday, the benchmark 10-year Treasury yields rose to 4.80%, a level last recorded in October 2023.
The stronger-than-expected US jobs data released late last week further pointed to the Fed easing on its rate cuts in 2025. Notably, riskier assets like cryptos thrive in an environment of lower interest rates.
In the near term, the range between $93,010 and $97,500 will be worth watching. Beyond that level, the bulls will likely face resistance at $98,500. On the flip side, a pullback past the range’s support zone may see BTC/USD drop to $92,225.
Bitcoin price chart | Source: TradingView
iDEGEN marks a new phase for AI meme coins
As artificial intelligence revolutionizes the crypto market, iDEGEN is marking a new era for AI meme coins. In fact, based on its virality and potential, some analysts view it as a “Bitcoin equivalent”.
Unlike other projects, it started on a blank slate with no restrictions or guardrails. By relying on degens to learn, adopt, and formulate tweets, iDEGEN has evolved into a viral sensation whose growth surpasses its creators’ wildest imaginations.
So aggressive is the movement that not even a ban on X could curtail it. Based on its virality and active community, the project has the markings of a crypto that will evolve from being a mere joke to a billion-dollar asset.
With this immense potential, a rising number of savvy investors are amassing $IDGN tokens with just a few weeks left before its listing on 27th February. Since its launch on 26th November 2024, the project has already raised over $16 million.
Early adopters are already sitting on hefty returns at its current price of $0.01. Compared to its initial price of $0.00011, $IDGN holders have raked in 8,991% in returns. At this pace, there are no signs of iDEGEN slowing down. Learn more about iDEGEN here
Ethereum records surge in outflows amid a shift in investor sentiment
ETH price chart | Source: TradingView
After the Bitcoin-led selloff that saw Ethereum price momentarily drop below the crucial zone of $3,000 on Monday, the altcoin rebounded to trade at $3,191 as at the time of writing. A look at its daily chart highlights the formation of the bearish death cross with the short-term 20-day EMA crossing below the medium-term 50-day EMA to the downside.
Besides, ethereum price remains under pressure from the recent surge in outflows. According to SoSoValue, ETH spot ETF recorded daily net outflows of $39.43 million on 13th January. Topping the list was Grayscale Ethereum Trust EFT (ETHE) with a daily net outflow of $14.49 million and cumulative net outflows of $3.70 billion. At the same time, its Mini Trust (ETH) had daily net outflows of $37.84 million.
In the near term, ethereum price will likely hover around $3,150 as bulls strive to defend the support level of $3,000. Even with furthe rebounding, it will likely face significant resistance at $3,320.
Ethereum
Ethereum Prognose: Vorübergehende Schwäche und Chance?
Ethereum zählt nicht umsonst zu den wichtigsten Kryptowährungen der Welt. Die aktuelle Nummer 2 der Kryptowelt punktet vorwiegend mit seinen Anwendungen für ein dezentralisiertes Finanzwesen.
Hier stehen die sogenannten „Smart Contracts“ im Mittelpunkt des Interesses der Wirtschaft. Die „automatisierten“ Verträge benötigen keine zentrale Instanz mehr und schließen Banken zunehmend aus dem Finanzkreislauf aus.
Kurskorrektur vor dem nächsten Aufschwung
Angesichts dieser Innovation ist es nicht verwunderlich, dass das Ethereum-Netzwerk als zukunftssicher gilt. Trotzdem musste dessen Kryptowährung Ether zuletzt einen Einbruch von rund 10 Prozent hinnehmen. Jetzt befürchten die Anleger einen weiteren Kursrutsch.
Angesichts der bevorstehenden Amtsübernahme von Donald Trump in den USA hatten viele Investoren gehofft, dass es ab sofort nur noch bergauf gehen würde. Doch der Backlash kam, wie erwartet, schließlich gehören Korrekturen zur hohen Volatilität bei Kryptos.
Zusätzlich sorgte ein Ethereum-Wal für Unruhe, er schien die Geduld verloren zu haben und trennte sich von einem Teil seiner Positionen und nahm damit sogar Verluste in Kauf. Das ist erstaunlich, schließlich scheint die Krypto-Zukunft zumindest auf dem Papier rosig zu sein.
Kursgewinne vorweggenommen
Ethereum kann schließlich, genau wie Bitcoin, auf die ersten zugelassenen Spot-ETFs verweisen, die für eine stärkere Durchdringung der Märkte mit Ether sorgen sollten. Der ehemals unerbittliche Gegner Gary Gensler, seines Zeichens Chef der amerikanischen Wertpapierbehörde SEC, ist zurückgetreten und Donald Trump will alles unternehmen, um Krypto in den USA zu stärken.
Trotzdem zeigt Ethereum Schwäche und ist von seinem Allzeithoch weit entfernt. Mit der Zulassung des ersten ETH-Spot-ETFs stieg der Kurs zwar kurzfristig über die 4.000-Dollar-Marke, doch seither ging es bergab.
Lediglich vor einer Woche erlebte Ethereum wieder einen Aufstieg, der jedoch nur von kurzer Dauer war. Doch diese Entwicklung war auch bei der Zulassung der ersten Bitcoin-Spot-ETFs zu beobachten.
Die Märkte hatten die erhofften Kurssteigerungen schon zuvor vorweggenommen und benötigten einige Zeit, um die weiteren Entwicklungen zu analysieren und darauf zu reagieren. Das wird bei Ethereum offenbar nicht anders sein.
Neuer Schub nach Amtseinführung von Trump?
Die Geschichte von Ethereum zeigt jedenfalls, dass sich ETH im Januar eines Jahres zumeist als bullish erweist. Angesichts dieser Historie käme es nicht überraschend, wenn der Coin in den nächsten zwei Wochen wieder zulegen würde.
Zahlreiche Analysten zeigen sich jedenfalls optimistisch, dass mit der Inkraftsetzung der ersten Deregulierungsmaßnahmen der neuen US-Regierung der Kryptomarkt und damit auch Ethereum wieder deutliche Kursgewinne einfahren werden.
Alternative Solaxy
Wer als Investor hingegen eine Alternative zu Ethereum sucht, der könnte einen Blick auf den neuen Meme-Coin Solaxy ($SOLX) werfen. Dieser absolviert derzeit seinen Presale auf Ethereum, bildet jedoch aufgrund seiner technischen Ausgestaltung eine Brücke zur Blockchain von Solana.
Dort nutzt er als Multi-Chain-Coin günstige Kosten und Geschwindigkeit, um das Beste aus beiden Welten für sich zu generieren. 10 Millionen Euro sind innerhalb kürzester Zeit in das neue Projekt geflossen, das beweist, dass die Anleger an die Idee von Solaxy glauben.
Mit einem Preis von nur 0,0016 Dollar für 1 Solaxy ($SOLX) ist der Token noch preiswert, das könnte sich dramatisch ändern, wenn der Coin erst einmal auf einer der Kryptobörsen zum Kauf gelistet wird.
Alle Informationen zu Solaxy ($SOLX) finden sich auf den entsprechenden Seiten von X und Telegram.
Ethereum
Ethereum Whales Absorb $1M Loss As Market Caution Intensifies
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Ethereum
Ethereum Challenged By Bearish Forces As Altcoin Eyes $3,051 Support
Ethereum has faced significant selling pressure in recent trading sessions as broader market trends turn more bearish. After attempting to break above key resistance levels, ETH has encountered hurdles that suggest the prevailing trend is shifting toward a more negative outlook. As the price begins testing the $3,051 support, a potential breakdown could signal a deeper pullback, which might push ETH toward lower support levels.
Key factors contributing to this bearish sentiment include weakening buying interest, market-wide retracements, and technical indicators signaling further downside risks. Ethereum’s failure to maintain upward momentum, especially after hitting resistance, suggests that the bulls may be losing control, leaving the bears in the driver’s seat.
The $3,051 level is critical for the altcoin’s short-term outlook. If the price fails to hold above this support, it could accelerate the downward move, possibly targeting the next support zone. However, if ETH stabilizes here and shows signs of a bullish reversal, it may regain upward momentum and resume its recovery.
Technical Signals Point To Bearish Shift: What’s Next For ETH?
Ethereum’s technical indicators are painting a concerning picture of the cryptocurrency’s short-term outlook. The price action has struggled to break through key resistance levels, and recent downward movements suggest that the bulls may have lost control.
As of the time of writing, ETH’s price is still trading below the 4-hour Simple Moving Average (SMA), which suggests bearish pressure is still prevailing in the market. The 4-hour SMA serves as a short-term trend indicator, and when the price is below it, it typically indicates that selling pressure is dominating the market.
This failure to break above the SMA highlights the ongoing struggle for Ethereum to reclaim bullish momentum. Until ETH rises above and closes above the SMA, the downside risks remain intact, and the bears are likely to maintain control.
Furthermore, ETH’s Relative Strength Index (RSI) has been persistently staying within the bearish zone, reinforcing the negative outlook for Ethereum. Typically, an RSI reading below 50% indicates a lack of upward strength, implying that selling pressure outweighs buying interest in the market. In Ethereum’s case, the sustained positioning in the bearish zone signals that bulls are struggling to gain traction and push the price higher.
Can Ethereum Defend Against The Bears?
Currently, Ethereum’s price is approaching a crucial support level at $3,051, which has become a key point to watch as bearish pressure mounts. This support zone represents a potential floor for Ethereum, and its ability to hold above this level will be pivotal in determining the asset’s next move.
A successful defense of $3,051 could stabilize the price and spark a rebound toward the $3,360 resistance as it may encourage buyers to step in and halt more declines. However, if Ethereum fails to maintain this support and breaks below it, the bearish momentum might intensify, pushing the price toward lower levels.
Featured image Unsplash, chart from Tradingview.com
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