THETA and iDEGEN lead AI narrative as Bitcoin’s dominance signals looming alt season

Altcoins record impressive gains as all eyes shift to the anticipated “alt season” amid declining Bitcoin dominance.

Meanwhile, the artificial intelligence sector appears early to the party.

While BTC consolidated around $96K in the past few days, Theta Network’s (THETA) price climbed to 12-month peaks.

Further, the AI experiment iDEGEN continues to grab the crypto community’s attention with its unique approach.

The one-of-a-kind project joins the digital space with zero data and relies on X, formerly Twitter, crypto community to learn everything.

According to iDEGEN’s official website:

Every time someone tweets at iDEGEN, its AI absorbs the data, using it to learn, adapt, and then tweet every hour with no moderation or trading guardrails. It will also respond to every Tweet.

iDEGEN virility comes as the crypto market awaits a massive bullish wave, especially in the altcoin market.

𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲

@el_crypto_prof

·Follow

#Altcoins I think it is now confirmed: 2 year trendline of $BTC. Dominance has finally been broken to the downside (monthly chart). Altcoin season next imo. The ultimate signal would be the 3W bearish cross in the MACD.

8:59 AM · Dec 1, 2024

387

Reply

Copy link

Read 25 replies

THETA skyrockets after securing support

Theta Network, an L1 platform and decentralized groundwork for AI, entertainment, and video use cases, steals the show with exciting price moves.

Theta Network price rallied to a 1-year peak of $3.08 within the past day after claiming a solid support zone at the $2.28 mark.

The uptrend propelled TETHA’s market cap to $3.10 billion – a 35% surge – whereas its daily trading volume jumped 4500% to $680 million.

The token trades at $2.88, up 25% on its daily chart. Meanwhile, the robust trading volume signals amplified trader activity, suggesting continued uptrends.

The 50% price surge within the past week saw THETA surpassing crucial resistances at the $2.40 – $2.50 range, suggesting a colossal uptrend.

Moreover, derivatives markets show more traders are executing THETA positions, with the Open Interest up 76% to $109 million.

Analysts forecast continued upswings for Theta Network.

World of Charts highlighted a potential descending triangle breakout, which could trigger surges to $9.

That would translate to a 213% gain from current prices.

Why consider iDEGEN?

 IDEGEN could be the perfect project for individuals looking for the hottest segments in the cryptocurrency market.

Artificial intelligence agents are gaining rapid popularity as they usher in web4 in the crypto market.

Goatseaus Maximus introduced the trend and rallied to surpass $1 billion after prices climbed 7,000% within a week.

GOAT secured a listing on Binance – the leading crypto exchange – after remarkable performance.

Meanwhile, iDEGEN looks to eclipse anything seen in the crypto so far. Its presale has created a buzz, with over 375 million coins sold so far.

iDEGEN’s dynamic pricing

The Solana-based token’s adaptive auction changes every five minutes according to real-world demand.

The value surges 5% amid active buying and dips 5% amid dull actions.

The approach has proven lucrative in driving FOMO.

IDEGEN’s price has skyrocketed 7,390% from the $0.00011 initial price to $0.00824 at press time.

The project witnesses unwavering demand, testified by its fast-paced pre-market sales ($1.38 million raised so far).

Amid the ongoing experience, it’s becoming clear that the unconventional approach to AI, learning from the community, is attracting massive capital and attention.

You can learn more about iDEGEN here.