Ethereum Price Holds Steady amid Increased Investor Interest
Since the beginning of the month, ETH/USD is trading near the highs it reached earlier this year. Leading altcoins have been taking advantage of the recent positive sentiment in the market that saw BTC/USD reach new highs. Bitcoin’s intraday gain of $106,584.38 was extended on Monday.
Ethereum’s price has also been boosted by the increased interest of investors and activity in its ecosystem. Sosovalue reports that ETH ETFs saw daily net flows of $23.61million on Friday, with cumulative net flows reaching $2.26billion. Grayscale Ethereum Trust’s (ETHE), which is owned by BlackRock, saw inflows totaling $7.24million. ETHA was held by BlackRock and had daily inflows amounting to $9.51million.
Investors are enthralled by iDEGEN’s fair pricing model
In two weeks, iDEGEN – the AI viral experiment – will be listed on cryptocurrency exchanges. It has sold over one billion $IDGN Tokens since its 26th November launch. What’s the secret behind this project’s success?
This project was developed by and for the community. A viral AI coin has emerged that many savvy investors are eager to own.
It was created on X, a blank slate AI. The only thing it does is post hourly. It learns and absorbs all of the crypto-degen chaos in the form tags, tweets or comments. The idea of letting users influence the development of a project has gained popularity in the crypto-space, and iDEGEN is no exception.
It has not only sparked interest among potential investors but also increased engagement. FOMO has led savvy investors to buy $IDGN before the tokens hit public shelves.
Its fair pricing is also such that you can buy some tokens with no financial strain. In a presale the price starts low, and then increases over time as the project grows. The price of an ICO can be shattered after the ICO, as many early investors liquidate their investments to get a quick buck.
iDEGEN uses a special auction to ensure that the market receives a fair price and reduces dumps after its January 2025 listing. The dynamic pricing model changes the price every five minutes based on market activity. If you buy within five minutes, the price will remain unchanged for the following 5-minute period.
If no purchases are made in the next 5 minutes, then the price drops by 5%. A price rise of 5% is also achieved by making two purchases in a row.
The price of $IDGN will increase by 10% at the end of the auction. The model makes sure that the market gets the final price they set for themselves, not the random numbers chosen by their creators. Here is where you can purchase the iDEGEN Token.
SOL/USD could be in a range even though bulls are still in charge
Solana, which hit a new all-time record in November of $265.05 has since erased some gains and is now trading at $219.26 at the moment of this writing. In the midst of the recent positive sentiments in the crypto market, bulls have been defending the $220 support level. This previously stable resistance zone is a strong level of support for altcoins for a little over a month.
SOL/USD could be in a rangebound situation in the short term, even though the bulls are still in charge. On its daily chart, it is trading between the 50 and 20-day EMAs. It may be trading in a range between $215.53 to $233.07 during a period of consolidation as the bulls gain momentum.
The post Ethereum and Solana Prices Rise as Investors Shift to iDEGEN will be updated as new information becomes available.
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