As Pepecoin (PEP) faces challenges maintaining its bullish momentum, Pepe Unchained (PEPU) and iDEGEN (IDGN) are making waves with their impressive gains.
While Pepe Unchained is capitalizing on exchange listings and staking incentives to gain traction, iDEGEN is attracting attention with its AI-driven meme culture and unique presale model.
Pepecoin (PEP) setback
Pepecoin Network (PEP), originally a code fork of Dogecoin, has seen significant gains since its launch in January 2024, recently hitting a record high of $0.001736 and pushing its market cap to over $151 million.
However, the past week has not been kind to PEP, with the token experiencing a substantial correction.
The price has dipped by 26.1% over the week to $0.001172 at press time.
This price adjustment follows a meteoric rise driven by speculative interest and listings on mainstream exchanges like CoinEx Global, XeggeX, and Nonkyc.
The correction reflects a more common pattern in the volatile meme coin space where quick gains often lead to profit-taking and subsequent price retracements.
Pepe Unchained (PEPU) gains traction
In stark contrast to Pepecoin’s downturn, Pepe Unchained (PEPU), another Pepe-themed meme coin, has been experiencing a surge in momentum.
Since its listing on BingX and subsequent announcements of staking rewards, PEPU has seen its price increase significantly. Over the past 24 hours, the memecoin’s price has risen by 44.6% to $0.02263 at press time.
Besides BingX, the recent exchange listings on MEXC and LBank have bolstered its exposure, making PEPU one of the most traded tokens on Dexscreener.
With a market cap of approximately $119 million and a 24-hour trading volume of $16.9 million, PEPU’s growth is fueled by increasing interest from both retail and institutional investors.
The ecosystem itself, built on Layer 2 blockchain designed for meme-based innovation, includes features like a decentralized exchange, cross-chain interoperability, and a meme coin launchpad, positioning PEPU as a key player in the meme coin space.
iDEGEN (IDGN) emerges with a fresh approach
As Pepe Unchained rises, iDEGEN (IDGN), an AI-driven meme token currently in its presale phase, is carving out a distinct niche within the memecoin market.
With a unique dynamic pricing model and a fusion of AI with meme culture, iDEGEN is attracting attention from both traders and investors in its ongoing presale. The token’s presale, which began on November 26, 2024, has raised over $6.1 million, reflecting a strong demand for innovative projects in the space.
The presale is structured to encourage quick trading, with prices adjusting every five minutes based on market activity.
If a single purchase is made within the span of five minutes, IDGN’s price remains unchanged in the next five minutes.
However, if subsequent purchases are made, the price rises by 5% in the next interval and if no purchase is made the price decreases by 5%.
This dynamic presale approach aligns with the speculative nature of the market and aims to reward consistent demand.
When the presale ends, the token is expected to list on crypto exchanges at 10% higher than the last presale price, guaranteeing significant returns for early investors.
iDEGEN’s slogan, “AI Born. Degen Raised,” captures its ethos of combining cutting-edge technology with the chaotic, community-driven spirit that defines meme coins.
Notably, the community-driven approach of iDEGEN, characterized as the “fatherless AI,” engages users by responding to tweets and autonomously posting updates on X, without moderation.
This dynamic interaction ensures that iDEGEN remains aligned with user feedback and market sentiment.
The project is also set to launch a no-code meme coin launcher, Pepe’s Pump Pad, in January 2025, which could further drive interest and adoption, resulting in a sure in the IDGN price.
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