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Dogecoin and Ripple investors turn to iDEGEN a momentum grows
- iDEGEN, a relatively new cryptocurrency project, is causing a stir with its unique approach to building a community and its centring AI at the core of its model.
- The cryptocurrency is a meme-based coin and it is an AI-driven experimental project aimed at allowing investors with limited resources to get a piece of the crypto market, while leveraging the power of social media to drive up demand.
- iDEGEN set its price depending on the level of demand, promoting fair pricing before its ICO. The approach has helped the coin gain popularity with investors, especially those who are keen on opportunities to invest in profitable coins that do not cost an arm and a leg.
- Dogecoin is valued at close to $60bn, having recorded its first weekly loss in eight weeks, after surging by more than 350% year to date.
- A major factor that has contributed to Dogecoin’s growth is its aggressive community support, as reflected in top billionaire Elon Musk’s tweets about the crypto.
- Musk is now set to co-chair the Department of Government Efficiency (DOGE), an advisory team recently created by President Trump, which is expected to boost Dogecoin's price.
- Ripple, on the other hand, has gained more than 380% in 2020, after experiencing five consecutive weeks of gains. The altcoin is expected to benefit from the favourable crypto-friendly environment that President Trump is cultivating.
- The settlement of Ripple's long-standing legal struggle with the SEC will boost the altcoin. The digital currency has suffered from regulatory authorities and the developments are expected to be beneficial to Ripple.
- Trump has promised to ease crypto regulations and has appointed supporters of cryptocurrencies to head the SEC. This favourable environment is expected to boost Ripple, as bulls eye $3 in the near term.
- The cryptocurrency era continues to evolve and incorporate AI meme coins. As reflected by iDEGEN, these coins thrive on the power of social media and artificial intelligence, which has helped drive the coin's impressive rally of 90,000% in three weeks.
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