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While experts predicted all-time high crypto prices during the Christmas holiday and by 2024 end, the bearish takeover following the Fed’s hawkish remarks triggered the opposite.
Bitcoin’s troubles continued, as prices plunged from above $99.2K on Boxing Day to $92.52K at press time. Altcoins endured similar trends.
Shiba Inu’s plummeted burn rate signals potential struggles as XRP bears threaten the $2 barrier.
Meanwhile, attention has switched to the presale project iDEGEN ahead of its January official listing.
Source – iDEGENiDEGEN is an AI-based cryptocurrency project that has grabbed investor attention in the past few weeks with its uniqueness.
It uses artificial intelligence to absorb and learn everything from the crypto community on X, formerly Twitter.
iDEGEN has sold over 1.44 billion tokens, raising $11.12 million in its fast-paced ICO.
Let’s check SHIB, XRP, and IDEGEN’s prevailing price actions and what to expect in the coming year.
SHIB future uncertain amid 90% burn rate slump
The second-largest meme token trades at $0.00002059 after losing 3.50% and 8.67% in the past day and week.
Shiba Inu displays significant bearishness, suggesting more declines before possible bounce-backs.
For instance, its burn rate has seen wild fluctuations recently, down 90.70% over the past day.
#ShibaInu’s burn rate has dropped recently, and it’s got people wondering about its price recovery, especially with the market being all over the place. The burn rate is important for tokens like Shiba Inu because it shows how fast tokens are being taken out of circulation.…
Token burns are deflationary mechanisms that crypto projects use to magnify scarcity by reducing supply.
However, these events have had limited effects on Shiba Inu’s price.
As 2024 ends, questions arise about whether the token scorch initiatives can yield long-term success or if overall market sentiments will continue to overshadow burn efforts.
Furthermore, on-chain stats show whale movements stimulate SHIB’s price actions.
Whale transactions can be a double-edged sword when combined with burn rates, amplifying speculative price actions and aggravating corrections.
Such dynamics remain vital for shaping Shiba Inu’s near-term outlook heading into the new year.
XRP sways above $2 amid bear dominance
Yesterday’s dramatic surge in trading volume could not move XRP as the altcoin struggled around the $2 psychological level.
XRP gained over 230% to $2.86 record peaks following Trump’s election win.
Meanwhile, the alt has consolidated since early December, failing to recover despite bullish developments like the RLUSD launch.
XRP trades at 2.02 with a 2.50% 24-hour loss. The altcoin’s upcoming trajectory will depend on various factors.
Chart by CoinmarketcapRenewed trading activities in the coming sessions will potentially keep XRP afloat until Trump’s inauguration.
After that, investors will focus on regulations, with Ripple’s IPO, RLUD adoption, and XRP ETFs as catalysts for robust performance in 2025.
iDEGEN: The Trending AI token
While altcoins such as Shiba Inu and XRP display uncertainty, iDEGEN emerges to disrupt the cryptocurrency industry.
The project’s unique approach grabs attention as AI and the blockchain sector merge. Its website highlights that:
Every time someone tweets at iDEGEN, its AI absorbs the data, using it to learn, adapt, and then tweet every hour.
This model will likely attract massive engagements, which would be crucial for the asset’s long-term success.
iDEGEN trades at $0.0314 after gaining 70% in the past seven days.
Its market timing as a leader of the AI and blockchain revolutions positions IDEGEN for robust growth in 2025 and beyond.
You can visit IDEGEN’s official website for more details about this low-cap gem with massive potential.
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