Cardano and Ethereum prices at risk as iDEGEN surges

Cryptocurrencies remain subject to heightened market volatility as the hype surrounding President Trump’s return to office eases. Even so, greed remains the main emotion controlling the market as investors remain optimistic of a crypto-friendly environment under Trump’s administration.

As the bullish sentiment offers support to most cryptos, Ethereum is under pressure from the criticism and leadership issues rocking the Ethereum Foundation. On the other hand, iDEGEN is thriving as it widens its horizon through the video content embedded in its latest V3 upgrade. Beyond its popularity, savvy investors are buying into its potential as a leader in the AI meme coin space.

Ethereum price remains range-bound as its leadership fights negative sentiment

ETH price chart by TradingView

Ethereum price remains under pressure even as the fear of missing out (FOMO) sustains the broader crypto market. Notably, leadership issues within the Ethereum Foundation have alarmed some investors; leading ETH/USD to underperform against other crypto majors like Solana and Bitcoin. 

For instance, following the decision to host Trump’s meme coin, SOL/USD rallied to a fresh all-time high of $294.94 on 19th January before a corrective pullback to $254.96 as at the time of tis press release. It is such lost opportunities and seemingly misplaced priorities that have triggered Ethereum’s criticism from its community. 

Besides, as seen on SoSoValue, BTC spot ETF’s total net inflow for the week ending on 24th January was at $1.76 billion. In comparison, that of ETH spot ETF was $139.32 million.  

Amid this selling pressure, ETH/USD has lacked enough bullish momentum to break the resistance at the crucial zone of $3,500. Indeed, the formation of a bearish death cross about two weeks ago points to the continuation of its range-bound trading in the ensuing sessions. 

More specifically, the range between $3,410 and $3,240 is worth watching. Beyond the range’s upper limit, the bulls will likely face resistance at $3,479. On the flip side, further selling pressure will have the bulls defending the support zone of $3,195. 

iDEGEN’s robust social capital set to sustain its growth beyond the presale

In 2009, Bitcoin was launched as a decentralized digital currency challenging the fiat currency. What started as an asset with almost no monetary value has since surged to $105,013 with analysts forecasting that it will hit $200,000 in 2025. 

iDEGEN bears a comparable potential. In fact, some view it as the Bitcoin of AI meme coins. It has rightfully secured its position as a sentient meme lord revolutionizing the AI crypto space. In just two months, the project that begun on a blank slate has had 1.44 million impressions and over 21,000 holders of the 1,560 million $IDGN tokens already sold. 

Evidently, savvy investors are looking beyond its virality and buying into its potential. To begin with, the one-of-a-kind social experiment has a robust social capital that has already propelled it to heights beyond its creators’ wildest imaginations. Not even the two bans on X could contain this project that has redefined the concept of “by the community, for the community”. 

In fact, it has emerged stronger, garnering immense attention in the US and the UK. With its latest V3 upgrade, video content is set to advance its popularity even further. By entering the Telegram frontier during its V2 upgrade, the project raised an additional $1 million within 24 hours.   

Besides, there is only one month left before its listing on 27th February. As the project captures the attention of more meme coin enthusiasts, anticipation is building up and FOMO intensifying. More savvy investors acknowledge that this may be the only opportunity to own $IDGN tokens at the current price of $0.0146. The early adopters are already sitting on hefty profits with returns of over 13,000%.

Learn more how to buy IDEGEN

Cardano price double top pattern points to a consolidation phase

ADA price chart by TradingView

ADA/USD traded in the green for the second consecutive week even as it dropped by 14% from the one-month high it hit about a week ago. Amid heightened market volatility, the altcoin will likely remain under pressure in the near term.

A look at its daily chart shows the formation of a bearish double top pattern during the first half of the month. Besides, an RSI of 50 points to a period of range-bound trading as the bulls defend the support zone of $0.9608. 

At its current level, the crypto is hovering around the 20-day EMA at $1.0055. A rebound past that level will likely have it face resistance at $1.0471.