2025-1-19 23:57 |
The crypto market is expected to record a major bull run in 2025 and Donald Trump’s return to the Oval Office is the main bullish catalyst to watch out for in the short term. In fact, it has boosted majors like BTC and Solana while while pushing more savvy investors to look for opportunities in fresh meme coins like iDEGEN.
As the first pro-crypto US president, analysts and investors alike expect his administration to enact favorable policies as soon as he’s sworn in. Indeed, he is not only pro-crypto, he is an investor in the sector. On Friday, the incumbent president launched a meme coin on the Solana network. As at the time of writing, it was trading at $23.08 with a market cap of $4.61 billion.
Based on CMC’s altcoin season index, it is still Bitcoin season at the current level of 49. However, more savvy investors are shifting their attention to calternatives with AI meme coins leading the pack. Top of the list is iDEGEN; a one-of-a-kind social experiment with unmatched potential.
Newly-launched $TRUMP bolsters Solana price to a 6-week highSOL/USD rallied to a 6-week high on Saturday following the launch of Donald Trump’s meme coin, $TRUMP, on the Solana network.
Over the years, Trump has morphed from a cryptocurrency critic to the first pro-crypto US president, and now the owner of a meme coin. With his inauguration slated for 20th January, crypto enthusiasts are more convinced that he will foster a conducive environment for the digital assets to thrive.
In fact, reports have it that Trump may soon release an executive order to have crypto as a national priority. It is this positive sentiment that has boosted the crypto fear & greed index from last week’s neutral level of 50 to a greed level of 75 as seen on Binance.
Subsequently, Bitcoin hit a one-month high on Friday with altcoins like Solana benefiting from the rallying. A look at SOL/USD daily chart shows the formation of a bullish golden cross, which points to further gains.
With an RSI of 68, the altcoin is approaching the overbought territory. As such, it may record a corrective pullback with $225 and $209.90 being support levels worth watching. On the upside, the bulls will be keen on breaking the resistance at $247 to retest the all-time high it hit in November 2024 at $263.
iDEGEN’s potential for explosive growth to sustain its viralityThe crypto market is set to record a major bull run in 2025 as a pro-crypto US administration, heightened adaption, and strategic reserves boost the sector. With that, savvy investors understand that the real opportunity lies in finding the next big thing while it’s still in the budding stage.
iDEGEN, a social experiment revolutionizing the AI meme coin space, is among the top projects on investors’ radar. In fact, even before hitting the public shelves, it has already raised over $17 million. A steadily growing number of meme coin enthusiasts is amassing $IDGN tokens ahead of its listing on 27th February. Indeed, the existing holders are already sitting on hefty gains with returns of 9,900%.
For those looking for a cheaper alternative with the potential for maximum returns, iDEGEN fits the bill. In addition to leveraging on the power of artificial intelligence, it has no restrictions and relies solely on its community to learn and adapt. It is this trifactor that has resulted in its virality with over 1400 $IDGN tokens already sold.
As Trump returns to the Oval Office, the opportunity to jump onto this bandwagon is indismissible. Fartcoin and ai16z, AI meme coins that were launched in October 2024, are already past the $1 billion market cap. With its immense potential, iDEGEN is set to compete with such projects in coming months.
Learn more about iDEGEN here.
Bitcoin price hits one-month high ahead of Trump’s inaugurationOn Saturday, Bitcoin price held steady above the psychologically crucial level of 100,000 after dropping below the support zone of 90,000 earlier in the week. As at the time of writing, the crypto major was trading at $104,592 as the market reacted to the launch of Trump’s meme coin two days ahead of his swearing-in ceremony.
A look at its daily chart shows the continuation of a bullish trend as it continues to trade above the 20 and 50-day EMAs. However, with an RSI of 64, the crypto is approaching the overbought territory.
At its current level, the bulls are striving to break the resistance at $106,145. If successful, Bitcoin price will likely retest the all-time high it hit in mid-December 2024 as the bulls gather additional momentum to hit a new record high at $110,000.
On the flip side, getting to the overbought territory may yield a corrective pullback to find support at $102,090. Below that level, $98,500 will be a level worth watching.
The post iDEGEN, Solana rides on Trump’s meme coin and policies appeared first on CoinJournal.
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