{"id":20070,"date":"2024-12-12T19:19:16","date_gmt":"2024-12-13T00:19:16","guid":{"rendered":"https:\/\/sikaoer.com\/bitcoin-reclaims-100k-could-rally-higher-on-possible-fed-rate-cut\/"},"modified":"2024-12-12T19:19:16","modified_gmt":"2024-12-13T00:19:16","slug":"bitcoin-reclaims-100k-could-rally-higher-on-possible-fed-rate-cut","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/bitcoin-reclaims-100k-could-rally-higher-on-possible-fed-rate-cut\/","title":{"rendered":"Bitcoin reclaims $100k, could rally higher on possible Fed rate cut"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<p>    \n                    <\/div>\n<p><span style=\"font-weight: 400\">Key takeaways<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Bitcoin is trading above $100k and could rally higher in the coming days.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">iDEGEN\u2019s pre-market auction officially hits $4 million as more investors troop in.<\/span><\/li>\n<\/ul>\n<h2>Bitcoin reclaims the $100k spot<\/h2>\n<p><span style=\"font-weight: 400\">The cryptocurrency market began the week poorly, with Bitcoin dropping to the $93k region on Monday. However, Bitcoin rallied by over 3% on Wednesday to reclaim the $100k level.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At press time, the <\/span><span style=\"font-weight: 400\">Bitcoin price<\/span><span style=\"font-weight: 400\"> stands at $100,877 and could rally higher in the coming days. Market analysts expect a Fed rate cut next week, which could spark a further upward move for Bitcoin.\u00a0<\/span><\/p>\n<h2>What is iDEGEN?<\/h2>\n<p><span style=\"font-weight: 400\">The crypto market underwent a correction earlier this week, and the funding rate has now returned to neutral. This implies that investors are pushing more funds into the crypto market again.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors are also looking at new projects, and one that is grabbing headlines is <\/span><span style=\"font-weight: 400\">iDEGEN<\/span><span style=\"font-weight: 400\">. It is a project that seeks to merge the memecoin and the AI ecosystems. It is a sentient degenerate AI memelord.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the team, the iDEGEN tool learns, evolves, and adapts based on what the community feeds it on X. This primarily implies that iDEGEN is powered by AI but ultimately raised by degens.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Its launch as a memecoin is understandable, considering the massive growth recorded by memecoins in recent years. The memecoin market is worth over $45 billion and is expected to grow larger in the coming months and years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Users feed iDEGEN their data through tweets, tags, and comments. The tool then absorbs that post and adds it to its knowledge base; that\u2019s how it learns. Furthermore, the tool posts on X every 60 minutes and can generate and post memes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Read more about the iDEGEN project <\/span><span style=\"font-weight: 400\">here<\/span><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<h2>iDEGEN\u2019s pre-auction market raises over $4 million<\/h2>\n<p><span style=\"font-weight: 400\">The iDEGEN pre-market auction is selling out fast. The team has sold nearly 1 billion $IDGN tokens, raising $4.2 million in the process.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The pre-market auction leverages an unconventional method to attract more investors. iDEGEN\u2019s presale price adjusts every five minutes based on market activity. <\/span><span style=\"font-weight: 400\">iDEGEN<\/span><span style=\"font-weight: 400\"> explained that the price remains steady for the next period if an investor purchases $IDGN tokens within five minutes. However, if purchases occur consecutively, $IDGN\u2019s price rises by 5%. Finally, if no one buys the tokens within five minutes, the price drops by 5%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Per the team\u2019s whitepaper, the pre-market auction will continue until January 1, 2025. Once the pre-market auction ends, the $IDGN token will list on cryptocurrency exchanges.\u00a0<\/span><\/p>\n<h2>Should you buy the $IDGN tokens now?<\/h2>\n<p><span style=\"font-weight: 400\">The crypto market is in a Bull Run, and market experts expect further growth in 2025. With <\/span><span style=\"font-weight: 400\">iDEGEN<\/span><span style=\"font-weight: 400\"> launching on the first day of 2025, investing in the project during its presale could be a smart decision.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">iDEGEN is an interesting project that combines AI and meme coins. It could become one of the leading meme coin projects on the Solana blockchain. Its adoption of a pre-market auction model also ensures transparency and fairness during the token sale process. Finally, the iDEGEN team\u2019s website has a live pre-market listing price, allowing investors to track the token\u2019s progress accurately before its launch on trading platforms.<\/span><\/p>\n<div class=\"post-meta\">\n<p>                        Share this articleCategories\n                    <\/p><\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-reclaims-100k-could-rally-higher-on-possible-fed-rate-cut\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways Bitcoin is trading above $100k and could rally higher in the coming days. iDEGEN\u2019s pre-market auction officially hits $4 million as more investors troop in. Bitcoin reclaims the $100k spot The cryptocurrency market began the week poorly, with Bitcoin dropping to the $93k region on Monday. However, Bitcoin rallied by over 3% on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-20070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin reclaims $100k, could rally higher on possible Fed rate cut - Sikaoer - The Best Crypto News Site.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sikaoer.com\/bitcoin-reclaims-100k-could-rally-higher-on-possible-fed-rate-cut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin reclaims $100k, could rally higher on possible Fed rate cut\" \/>\n<meta property=\"og:description\" content=\"Key takeaways Bitcoin is trading above $100k and could rally higher in the coming days. iDEGEN\u2019s pre-market auction officially hits $4 million as more investors troop in. Bitcoin reclaims the $100k spot The cryptocurrency market began the week poorly, with Bitcoin dropping to the $93k region on Monday. 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