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Analysts view broader cryptocurrency pullback as an opportunity: should you buy iDEGEN?

by December 23, 2024
written by December 23, 2024

iDEGEN gains momentum in presale as Bitcoin’s parabolic rally cools, leading to a broader cryptocurrency pullback.

Investors are seizing the chance to position themselves for a potentially explosive 2025, with iDEGEN (IDGN) emerging as one of the standout projects making waves in the market.

Crypto pullback is an ‘opportunity’

Despite BTC plunging to near $92,000 from its all-time high above $108,000, sentiment remains bullish.

Analysts suggest this pullback isn’t the bearish reversal some might expect but rather a pause as investors reposition.

In a recent interview with Bloomberg, Bitwise Chief Investment Officer Matt Hougan attributed the crypto market pullback to leverage naturally ‘washing out.’

Hougan emphasized that the market’s long-term catalysts remain intact, affirming that crypto is ‘still in a strong bull market.

“The drivers of the bull market are long-term and fundamental, while the drivers of the pullback are short-term and tactical.

That makes the pullback an opportunity and not a reversal,” Hougan said.

With top altcoins such as SOL, XRP, and ADA potentially set to rally higher, which under-the-radar tokens are investors also buying? Market experts and analysts have pointed to meme coins, RWA, and AI agents.

iDEGEN looks poised as one of the tokens to watch in the meme and AI agent ecosystem.

iDEGEN – not just an AI token?

AI tokens exploded in the latter stages of the last bull market and flourished throughout the bear market amid market dynamics around OpenAI, Nvidia, and other companies.

But in recent months, the crypto AI sector has evolved with the rise of autonomous agents. Trending since its launch last month is iDEGEN.

iDEGEN takes the traditional guardrails and dumps them for an uncensored training model fully dependent on degen interactions on X.

With no restrictions on what it can learn or post every 60 minutes, iDEGEN has the potential to take over as the AI agent of X and Telegram.

The rise of iDEGEN on Telegram follows the AI agent’s recent v2 release.

As well as X, the project now has the chance to rise through the chaotic environment of the 950 million-user app.

Every hour, iDEGEN must post – anything from the latest crypto hot take, market performance, or trading alpha

Is iDEGEN worth a look today?

When it comes to the hottest trends in crypto this cycle, BTC’s surge to $108k is only bettered by the rise of AI agents.

iDEGEN sits pretty as one of the autonomous AI agents on Solana set to make a breakout in 2025.

Notably, the project’s pre-market auction which adopted a dynamic pricing model, has seen returns of over 21,253% in under 30 days. 

The presale has raced to $8.1 million and over 1 billion IDGN sold as interest skyrockets ahead of the token’s listing on exchanges on January 1.

Recently, Binance Alpha, a new platform for potential crypto alpha by the world’s largest crypto exchange, has listed several AI agent tokens.

iDEGEN, which will burn unsold IDGN presale tokens to add to scarcity, has attributes that suggest such a listing is likely. 

Learn about iDEGEN or how to buy on the official website.

The post Analysts view broader cryptocurrency pullback as an opportunity: should you buy iDEGEN? appeared first on Invezz

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