Meme coins are doing well in 2024, helped by the ongoing crypto bull run and the fear of missing out. Pepe coin has emerged to be one of the best-performing cryptocurrencies this year as it jumped by 1,472% from its lowest point in January. This article explores why Pepe may continue rising and why crypto analysts are turning to iDEGEN.

Pepe price has room to rally

Pepe coin has done well this year, helped by the ongoing crypto rally and strong demand from investors. The number of holders has jumped to over 330,000, much higher than 296,000 a few weeks ago, a sign that it has strong demand.

Technicals suggest that the Pepe Coin price has more room to grow in the coming months. On the daily chart, we see that the coin has formed a few bullish patterns that could lead to more gains.

It has formed a cup and handle pattern, which is a popular continuation sign in the market. This pattern is made up of a horizontal line that connects two peaks, followed by a pullback and a rounded bottom. The asset then forms a consolidation, which becomes part of the hand. In most cases, this pattern usually leads to more gains.

Pepe has also moved above all moving averages and has formed a bullish flag candlestick pattern. This pattern forms when an asset forms a vertical line and a rectangle. In most cases, this is one of the most bullish patterns.

Therefore, there is a likelihood that the price of Pepe will bounce back and jump to the year-to-date high of $0.000026, which is about 34% above the current level. A move above that point will signal more gains in the coming months.

On the flip side, a drop below the key support level at $0.00001720 will invalidate the bullish view in the near term.

Investors are piling into iDEGEN

Cryptocurrency investors are moving to iDEGEN, one of the fastest-growing players in the industry. Data on its website shows that it has already raised over $1 million in less than three days, making it one of the fastest-growing players in the industry.

iDEGEN is an upcoming crypto project that is at the intersection of meme coins and artificial intelligence. Unlike other crypto projects, it does not have any knowledge or information prior to being birthed. Instead, it is created to learn new information daily. One of its top advantages is that it reads and responds to all X posts tagging it, including links.

Crypto analysts are bullish on the iDEGEN token because of the ongoing growth of AI coins and the ongoing bull run. Also, digital coins are firing on all cylinders, with most coins being in a strong bull run.

Bitcoin is nearing $100,000, and if this happens, it will likely jump to over $200,000 in the next few months or years. If this happens, new thematic tokens will replicate the rally. Just recently, we have seen several meme coins like PNUT, ACT, and GOAT surge. This means that the iDEGEN token could replicate this performance. Learn more about iDEGEN here and follow it on X here.

Bitcoin (BTC) is approaching a $2 trillion market cap, currently at $1.89 trillion, after rising 38% in the past month and breaking new all-time highs in November. Expectations remain high as BTC price nears the $100,000 milestone, a level it is less than 5% away from reaching.

While the ADX suggests the trend is weakening, the NUPL indicates that BTC is far from the “Euphoria” zone, reducing the likelihood of strong corrections.

BTC’s Trend Is Losing Steam

Bitcoin ADX, currently at 17.4, reflects a weakening trend compared to its value of 26 just two days ago. The ADX, or Average Directional Index, measures the strength of a trend on a scale of 0 to 100, without indicating its direction. Values above 25 signify a strong trend, while values below 20 indicate weak or no trend.

BTC current ADX suggests that although it is still in an uptrend, the momentum driving it has significantly weakened, signaling potential consolidation or a slowdown in the bullish movement.

Bitcoin NUPL Is Still Far From Euphoria

BTC NUPL, or Net Unrealized Profit/Loss, currently stands at 0.61, placing it in the “Belief — Denial” zone since October 14. NUPL evaluates the ratio of unrealized profits to losses, providing insight into market sentiment.

This level indicates growing bullish confidence as holders remain in profit, reflecting optimism about further price increases.

While at 0.61, BTC’s NUPL is still below the 0.7 threshold, which signals entry into the “Euphoria” zone. Historically, crossing into “Euphoria” often leads to strong corrections as profit-taking accelerates.

This current position allows room for BTC price growth before reaching risky levels, suggesting that the uptrend may continue without immediate overextension.

BTC Price Prediction: Is $100,000 Possible In November?

Following a slight correction in recent days, Bitcoin price is now less than 5% away from reaching the historic milestone of $100,000. The ADX suggests that the current trend is losing strength, which could delay BTC’s approach to this key level.

However, the NUPL indicates that the market is still far from the “Euphoria” zone, suggesting that strong corrections are unlikely at this stage.

If the uptrend regains momentum, BTC price could breach $100,000 and potentially test $105,000 in the near term. Conversely, if a downtrend emerges, the price may fall to $88,000 before making another attempt to push higher.

OORT (OORT), a cryptocurrency rooted in Artificial Intelligence (AI), has seen its price surge 85% over the past week. This jump followed a post by former Binance CEO Changpeng Zhao, who highlighted AI’s potential impact within the BNB Greenfield ecosystem.

Following the altcoin’s reaction, sentiment around it has turned bullish. But why did this happen, and will OORT price continue to rise? This analysis reveals all there is to know about it.

OORT Rises After CZ Speaks on AI in BNB Greenfield

On November 27, Zhao, popularly known as CZ, posted on X (formerly Twitter). He noted that AI should often be used on-chain. In the post, CZ noted that this could foster low transaction costs globally while offering the BNB Greenfield for data storage during the process.

“AI tagging (or AI data in general) is well fitted to be done on-chain. Harness low-cost labor globally without geographic bias, (micro) pay them instantly in crypto. BNB Chain Greenfield provides the storage capacity. More tooling still needs to be built. Let’s build them,” Zhao wrote.

Minutes after development, the price of AI coin OORT  skyrocketed from $0.10 to $0.85. For context, OORT is the native token of a decentralized AI technology project that partnered with BNB Greenfield as a storage provider earlier this year in March

This dramatic price surge may be tied to OORT’s integration with the BNB Greenfield, a decentralized storage platform hosted on the BNB Chain. Beyond the price hike, the development drove the AI-themed altcoin’s volume to $13 million, signifying increased interest in it.

However, as of this writing, the price has dropped to $0.15 while the volume has also decreased to $7.05 million.

OORT Price Prediction: Rebound to $0.20 Possible

The daily OORT/USD chart reveals that the Bull Bear Power (BBP) has moved into positive territory, indicating that buyers (bulls) currently hold the upper hand over sellers (bears). 

When BBP is negative, bears dominate, often leading to price declines. However, in this case, the bulls’ strength suggests a potential rebound in OORT’s price, with data also suggesting that it could correlate strongly with BNB’s price.

If buying pressure persists, the Fibonacci retracement indicator suggests that the altcoin could climb to $0.20. Conversely, if interest in the AI coin wanes, the price may decline to $0.11. Instead, the value could drop to $0.11.