Bitcoin has been the king of crypto for decades, weathering price cycles, regulatory challenges, and technological advances. However, with the market still in development, some traders and analysts are taking a look at other assets that may produce greater returns in the short term.
With the market looking for an altcoin cycle, new projects are emerging with different value propositions. In this article, three projects are evaluated—iDEGEN, Bitcoin Pepe, and Wall Street Pepe and how they are gaining traction and raising lots of funds during their presale phases.
Market Shift and New Crypto Listings
Altcoin cycles follow the good performance of Bitcoin, with investors shifting attention from large-cap holdings to fresh coins with growth potential and volatility. Bitcoin dominance tends to dip during such phases, leading to increased speculation over alternative assets.
Against this backdrop, three projects attracted market interest due to the unique ways of trading, meme culture, and artificial intelligence.
iDEGEN: A Meme Coin Driven by AI
iDEGEN is presented as an AI-fueled cryptocurrency that engages with market sentiment and social media chatter. Unlike traditional AI models that are programmed to follow instructions, iDEGEN’s approach is described as being more raw and market-aware.
The project supposedly raised $1 million within 24 hours during presale and has so far raised more than $21.6 million overall. Its token value, initially at $0.01, is now at $0.0236, and it’s launching on February 27, 2024.
iDEGEN has also merged with DeepSeek, a Chinese AI that made news recently by going toe-to-toe with top AI companies when it comes to price and performance. The project now generates video content intended to engage audiences on platforms such as TikTok and Instagram after its latest update.
Bitcoin Pepe: Meme Coins on Bitcoin
Historically, meme coins have prospered on places like Ethereum and Solana since they are convenient and customizable. Bitcoin Pepe aims to follow the same place on Bitcoin through being a layer-2 network with meme-only functionality.
The project intends to combine Bitcoin’s security and Solana’s transactional speed, anticipating the provision of infrastructure for trading meme coins. Bitcoin Pepe went on presale at $0.21, and investors in the initial phase have already gained a return in value of 300% before the listing of the token on an exchange.
With the market capitalization size of Bitcoin, Bitcoin Pepe is a test case in bringing meme coin culture to the Bitcoin community.
Wall Street Pepe: A Meme Coin Based on Trading
Wall Street Pepe is a combination of trading intelligence features and the market for meme coins. It differs from other meme tokens because it has market analysis features and trading signals.
The project’s presale has already surpassed $67 million, a sign of interest from market participants who are confident in its potential through its trading-focused model. The extent of these features’ usage among traders will be gauged as the project moves toward its launch.
Similar to any new coins, these ventures are prone to inherent risks due to market volatility, regulatory risk, and project execution. While iDEGEN, Bitcoin Pepe, and Wall Street Pepe have raised substantial presale capital, their long-term market impact will depend on adoption, technological innovation, and overall market forces.
