Official Trump (TRUMP), the meme coin of US President-elect Donald Trump, has soared to a market capitalization of $6 billion and taken the crypto market by storm.
Could the soaring price of meme coins ahead of President Trump’s inauguration be a signal of what’s next for Solana and iDEGEN? The latest market reaction to SOL and iDEGEN’s AI agent token IDGN suggests this could be a great buying opportunity.
$TRUMP launches meme coin
US President-elect Donald Trump announced the launch of the official Trump (TRUMP) token on Friday, January 17th. Within 24 hours of the announcement, the meme coin’s price movement increased by 580%, pushing its market cap to nearly $6 billion.
In particular, $TRUMP is a meme coin inspired by the presidential election victory and the memorable “fight, fight, fight” call of July 2024 after an assassination attempt. But investors looking at the opportunity see this as a sign that the wild ride for cryptocurrencies could be in full swing after Trump takes office.
Trump, Sol rally
President Trump’s inauguration on January 20 is seen as the start of an exciting era for cryptocurrencies, with many analysts saying the digital asset could be poised for a big rally in 2025 and beyond.
President Trump’s official website carries a disclaimer stating that the meme coin $TRUMP is “not an investment opportunity or a security of any kind.” However, the market has taken notice of its potential, which explains its 24-hour trading volume of $8.5 billion.
The $TRUMP token rose to an all-time high of $33.87 on January 18th, pushing it into the top 30 coins by market capitalization. Meanwhile, Solana’s price has rebounded above $250, rising more than 17% as Bitcoin, Ethereum, and XRP compete for gains.
SOL traded as high as $262 at the time of writing, just shy of its all-time high of $263 set in November. Analysts note that SOL prices could become parabolic.
Is iDEGEN the next crypto gem?
iDEGEN is an AI agent that has taken X by storm. Token IDGN is set for exchange debut on February 27th, and the ongoing presale and countdown offer enthusiasts a chance to position themselves.
New target for $IDGN…Flip $XRP.
Please teleport to February 27th.
— iDEGEN Updates (@iDEGEN_Updates) January 17, 2025
What is interesting about iDEGEN is the thorough review of the market by the AI agents developed by degen. This project has no guardrails and is evolving by tweeting hourly and learning from the degen community. This is the model that got agents in trouble at X when unfiltered posts were flagged for “violent speech.”
But despite this, iDEGEN’s presale raised over $17 million and sold over 1.4 billion IDGN.
The iDEGEN project recently switched to a tier-based pre-sale model. This means that the price increases with each stage. Currently, its price is $0.011, but it will increase to $0.0121 in the next stage and $0.038 in the final presale stage. This means it could rise by 300% by the time the pre-sale and token launch on the exchange ends.
Will iDEGEN be able to outperform competing AI agent tokens, outperform TRUMP, and SOL in the coming months?
Click here to learn more about the project and how to purchase.
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