Cryptocurrencies have been subject to increased market volatility as the hype surrounding President Trump taking office eases. Still, greed remains the dominant emotion controlling the market as investors remain optimistic about a crypto-friendly environment under Trump’s administration.
As bullish sentiment provides support for most cryptos, Ethereum is under pressure from criticism and leadership issues rocking the Ethereum Foundation. Meanwhile, IDEGEN is thriving as it expands its horizons through video content built into its latest V3 upgrade. Beyond its popularity, savvy investors have seized upon its potential as a leader in the AI meme coin space.
Ethereum Price Remains Range-bound as Leadership Fights Negative Sentiment
ETH price chart by TradingView
Ethereum price is under pressure even as fear of missing out (FOMO) maintains the broader crypto market. In particular, leadership issues within the Ethereum Foundation have alarmed some investors. ETH/USD is falling short against other crypto majors like Solana and Bitcoin.
For example, following Trump’s decision to host the meme coin, Sol/USD rallied to a fresh all-time high of $294.94 on January 19th, before correcting to $254.96 as of the TIS press release. . It is such a missed opportunity and perceived priority that has led to criticism of Ethereum from its community.
Additionally, the BTC Spot ETF had total net inflows of $1.76 billion for the week ending January 24, as seen on SOSOValue. In comparison, that of the ETH Spot ETF was $139.32 million.
Amid this selling pressure, ETH/USD did not have enough bullish momentum to break resistance at the critical $3,500 zone. Indeed, the formation of a bearish death cross about two weeks ago indicates a continuation of range-bound trading in subsequent sessions.
More specifically, the $3,410 to $3,240 range is worth looking at. Beyond the high end of the range, the Bulls will likely face resistance at $3,479. On the flip side, further selling pressure could allow the Bulls to defend the $3,195 support zone.
IDEGEN’s robust social capital is set to sustain growth beyond sales
In 2009, Bitcoin was launched as a decentralized digital currency that challenged fiat currencies. What started as an asset with little monetary value has soared to $105,013 as we predict it will reach $200,000 in 2025.
IDEGEN has comparable potential. In fact, some consider it the Bitcoin of AI meme coins. It has rightfully secured its place as the sentient being that will revolutionize the AI crypto space. In just two months, the project that started with a blank slate has already sold over 21,000 holders of IDGN tokens with 1.44 million impressions and over 21,000 holders worth $156 million.
Clearly, savvy investors have gone beyond its virality to capture its potential. To begin with, the unique social experiment has strong social capital that has already propelled it to heights beyond the wildest imaginations of its creators. Even the two bans on X cannot contain this project, which has redefined the concept of “for the community, by the community.”
In fact, it’s getting stronger and gaining a lot of attention in the US and UK. With the latest V3 upgrade, video content is set to become even more popular. By entering Telegram Frontier during the V2 upgrade, the project raised an additional $1 million within 24 hours.
On top of that, there is only one month left before the listing on February 27th. As the project gains the attention of more meme coin enthusiasts, expectations are rising and FOMO is intensifying. More savvy investors acknowledge that this may be the only opportunity to own $IDGN tokens at the current price of $0.0146. Early adopters are already reaping huge profits with returns of over 13,000%.
Learn more about how to purchase IDEGEN
Cardano price double top pattern points to consolidation phase
ADA Price Chart by TradingView
ADA/USD traded in the green for the second consecutive week, even though it is down 14% from its one-month high about a week ago. Amid increased market volatility, AltCoins are likely to remain under pressure in the near term.
Looking at the daily chart shows the formation of a bearish double top pattern in the first half of the month. Besides, there is a 50-point RSI during the range-joining trade as the Bulls defend the $0.9608 support zone.
At current levels, the crypto is hovering at the 20-day EMA at $1.0055. A rebound past that level could face resistance at $1.0471.
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